Petrodollar 2.0 Is Coming

Comment #8

konane — Sat, 17 May 2025 12:53:59 GMT

Thanks Grwurston. My understanding is Petro 2.0 is a bridge to Treasury dollars (some call it rainbow currency) which is backed by gold. It is being used as a transition from the Fed to our own Treasury. When our Treasury controls the amount of gold backed 'dollars' printed it will force the government to stay within the budget because they won't have the ability to borrow beyond that. In the 60's we had a more sound economy so I hope we can bridge back to that gold backed currency.... [ More ]

Comment #7

grwurston — Sat, 17 May 2025 05:38:59 GMT

The dollar underwent significant changes after the United States moved away from the gold standard. In essence, the US shifted from a system where currency was directly convertible to gold to a fiat currency system, where the value of the dollar is determined by government decree and not tied to a physical commodity. This shift had several key consequences. <br />1. Increased Money Supply and Inflation:<br />With the gold standard removed, the US government had more freedom to create money.<br... [ More ]

Comment #6

konane — Fri, 16 May 2025 23:18:02 GMT

Thanks Sully. Yes immensely interesting and we've been clued in on a lot of this over the last 9 years. Can only imagine how someone just waking up feels.

Comment #5

sully16 — Fri, 16 May 2025 23:15:53 GMT

Interesting days we live in.

Comment #4

konane — Fri, 16 May 2025 22:41:07 GMT

Thanks Jarasan. Truth! ��

Comment #3

jarasan — Fri, 16 May 2025 22:39:33 GMT

damm good…….

Comment #2

konane — Fri, 16 May 2025 22:39:25 GMT

Thanks Jarasan. Indeed he is. Great changes but making them as easy on us as possible. I'm adaptable and looking forward to the future.

Comment #1

jarasan — Fri, 16 May 2025 22:36:13 GMT

He is good, good. ��

Original Blog Entry: Petrodollar 2.0 Is Coming

konane — Fri, 16 May 2025 21:24:08 GMT

I like this idea much better than CBDC. Petro 2.0 is more like what we're accustomed to while we get used to crypto and other types of metals backed currencies in the future.

Petrodollar 2.0 Is Coming

... .This time around, Trump is using a strictly carrot-based approach. He s on a charm offensive and looking to build strong, lasting ties with Saudi Arabia and the broader Middle East. This is a smart approach and we expect it will bear fruit in the near future.

Had President Trump taken a threatening approach to Saudi Arabia, it almost certainly would have driven the country into China s waiting arms. And America can t afford to let that happen. ..

https://www.zerohedge.com/geopolitical/rickards-bannon-petrodollar-20-coming... [ More ]