And yes, another article today about the Youtube channel The Plain Bagel, you are starting to be used to it you who follow assiduously Croblanc for so many years already! The interest for this channel keeps growing over the years and we are very happy to share it with you once again. We think you'll find this video interesting, so we decided to make this post today.
Indeed, the Youtube channel The Plain Bagel has decided today to post a new video which is called "The Fake Petrodollar Story - Is Saudi Arabia Ditching the Dollar?". Of course, you can now find it in full playback on our site for your greatest pleasure!
Very good feedback for the moment for the latest video of the Youtube channel The Plain Bagel, even if it is often the case on the comments found on this channel that users love for a long time now. If the feedback continues to be so positive, Google's algorithm could decide to propose it to many users.
What is convenient with the Internet is that when you have a problem with a content, you can easily contact its author to let him know. Many people have trouble contacting content creators on the internet, but on Youtube it's very simple, you just have to connect to the channel in question, and go to the "About" section to find the email address you are looking for! However, Twitter is still a very good alternative that works quite well to get in touch with a Youtuber.
Before leaving, we hope you liked the video The Fake Petrodollar Story - Is Saudi Arabia Ditching the Dollar?, or that it met your expectations in time. In our platform, you can find other videos of The Plain Bagel, take a look at it occasionally, it's practical and it can allow you to find contents that you had never seen before on the web!
And here it is already finished, we will see you very soon on Croblanc for a new article. Kisses, kisses, kisses!
For your information, you can find below the description of the video The Fake Petrodollar Story - Is Saudi Arabia Ditching the Dollar? published by the Youtube channel The Plain Bagel:
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00:00:00 - Introduction
00:02:54 - What's a Petrodollar?
00:03:52 - The Death of the Dollar
00:04:36 - The "Petrodollar" Agreement
00:08:00 - Why the Dollar Dominates
00:10:11 - Why Saudi Arabia Can't Quit the Dollar
00:11:55 - The Truth Around the Dollar's Decline
00:14:19 - Conclusion
We've seen some fake headlines spreading about the end of a 50-year petrodollar agreement with Saudi Arabia - today's video looks into the facts around the situation.
June 8, 1974 agreement (p. 788): https://tile.loc.gov/storage-services/service/ll/lltreaties//lltreaties-25-3/lltreaties-25-3.pdf
Bloomberg Story on the July 1974 agreement: https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret?sref=Oeyjq8by&embedded-checkout=true
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DISCLAIMER:
This channel is for education purposes only and is not affiliated with any financial institution, although Richard does work as an employee for an investment manager. Richard Coffin does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers