Down Goes the Petrodollar

We have warned, and warned and warned that the design of the anti-Russian sanctions are impairing the value of the dollar as the world’s reserve currency.  In particular, we have been concerned about the status of the petrodollar.  The US made a deal with Saudi Arabia in the 1970s where in exchange for the US … Read more

Special Guest Post – How the Petrodollar System Restored, Then Ruined, America’s Economy

Tree of Woe does the kind of deep-dive analysis that gets our attention here at Deep Knowledge Investing, and also has the funniest subscription page I’ve ever seen actually offering “moments of true woe and deep despair”.  The recent “Running on Empty” series exploring the origins and effect of the petrodollar system is the best … Read more