Things are coming to a head for the petrodollar much more rapidly than people realize. Here’s how, and what we can expect going forward…
SBTV picks the mind of Luke Gromen, founder of Forest For The Trees LLC, about an impending dollar crisis and what likely scenarios can destabilize the petrodollar in the coming years. We also asked him what his ideal monetary system would be if he got to choose it.
Forest For The Trees website: https://fftt-llc.com
Discussed in this interview:
05:08 Why a dollar crisis is coming?
12:14 US dollar still the center of the world?
13:07 Gold is wanted as a global neutral reserve asset.
14:35 Saudis’ view of the Petro-dollar
23:10 A world where oil is priced in multiple currencies
28:33 No credible reserve currency alternatives to the dollar?
31:29 Bancor: A suitable replacement for the dollar standard?
34:08 How should investors navigate the impending dollar crisis?