Thank you for watching wherever you are and really thrilled with engagement level weve had with all of you. Well be doing a lot of fun stuff, and pretty compelling conversations in the fall. I would say would probably not be doing any inperson events since 2021 which is a bit of a bummer obama but we want to be safe and smart with what we are doing. We will keep bringing you guys interesting conversations with authors, so we have everything from a wonderful event coming up in october, a conversation you wont want to miss. Everything from that to a conversation with matthew mcconaughey. If thats not a wideranging list of events, its going to be quite a fall so stay tuned. You can follow all our defense on magic city books. Com. I will go through the whole list here. Tonight im so thrilled to have a conversation with mychal denzel smith in the book that seems like it was written for the moment were living in, although books are written quite a bit before the published in print it and Eve
Really thrilled with engagement level we had with all of you. You will be doing a lot of focus stuff and some pretty compelling conversations into the fall. I would say we were probably not be doing any close events until 2021 which is a bit of a bummer but we want to be real about that and the statements but with what were doing. Well keep bring you guys really interesting conversation with authors. So if everything from a wonderful event coming up in october, a conversation you wont want to miss. We just book of that. Everything from that to a conversation with matthew mcconaughey. If thats not a wideranging list of events, its going to be quite a false or stay tuned. You can follow all of our fence on magic city books. Com. I wont go through the full list here. Tonight im so thrilled to have a conversation with mychal denzel smith in a book that seems like it was written for the moment we are living in, although books are written quite a bit before their published and printed and Ev
Mentioned that in the last episode and he was so prescient about this pandemic situation when he predicted sort of a pandemic basically that negative rates were signaling that he predicted that last june or july he says i think we have just witnessed the end of the petrodollar system non us countries will soon see a new unit of account medium of exchange and store of value a new Bretton Woods that will not be decided in america or by americans right well all the key players necessary for that are involved right now saudi arabia russia states so the petro dollar of course was established in the early 1907 days with america and saudi arabia when america defaulted on its sovereign debt remember Richard Nixon defaulted on the dollar default on the treasury market and we went on the petro Dollar Standard because america had to close the gold window could no longer fulfill its obligations to. Its creditors this was the beginning of the petrodollar era and the beginning of all things everywhe
System non us countries will soon see a new unit of account medium of exchange and store of value a new Bretton Woods that will not be decided in america or by americans right well all the key players necessary for that are involved right now saudi arabia russia states so the petro dollar of course was established in the early 1907 days with america and saudi arabia when america defaulted on its sovereign debt remember Richard Nixon defaulted on the dollar default on the treasury market and we went on the petro Dollar Standard because america had to close the gold window could no longer fulfill its obligations to its creditors this was the beginning of the petrodollar era and the beginning of all things everywhere are being priced in dollars oil is being priced in dollars all commodities are priced in dollars i gave america the us empire of debt it gave america the World Reserve currency it gave america one. Called seniority which which is basically they get a cut over every transactio
Could no longer fulfill its obligations to its creditors this was the beginning of the petrodollar era and the beginning of all things everywhere are being priced in dollars oil is being priced in dollars all commodities are priced in dollars they gave america the us empire of debt it gave america the World Reserve currency it gave america whats called seniority which which is basically they get a cut over every transaction ever done anywhere in the world every coil trav if japan wants to buy oil that the buy dollars 1st and then buy oil for example so they have to give america a commission they get a cut thats a huge source of revenue for america now with saudi arabia and the us have been at loggerheads down for a couple of years that relationship has been strained and saudi arabia is i think youre correct they threw a hissy fit they said were going to just want the price down by 10. 00 for oil because our cost production is not even 3. 00 a barrel and so i think they thought everyone