Demystifying the Petrodollar Scheme with Alex Gladstein (WiM082)

Alex Gladstein joins me for a deep-dive into the petrodollar system and its many hidden costs.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTAlex's twitter: https://twitter.com/gladsteinHuman Rights Foundation: https://hrf.org/PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 The Dollars’ Pursuit to Peg Itself to Energy00:06:14 Gold: The Base-Layer of Human Action Historically00:10:29 The Cost of War and the Suppression of the Gold Price00:24:47 Gresham's Law00:34:17 Golds’ Shortcomings00:39:24 The Dollar in Search of a New Anchor & The Rise of OPEC00:48:14 Cementing the Power of the Dollar Abroad00:52:32 The Dark-Side of Imperialism & The T-Bill Standard01:01:28 Exacerbation of Wealth Disparity01:04:35 Fueling War01:10:21 Oil-Denominated Currency War01:16:54 Follow the Money!01:18:30 NYDIG01:19:37 Flawed Incentives and Rent-Seeking Behavior01:29:10 Raw Material Surplus and Inflating Food Prices by Design?01:34:34 Peace Theory and Satoshi’s Appreciation for Gold01:42:20 Bitcoin: The Most Expensive Property to Violate01:47:22 Bitcoin Price Manipulation and Suppression?01:52:40 Theirs’ Law: Bitcoin Driving out the Bad Money02:00:07 Bullish on America, the Navajo, El Salvador, and NigeriaSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Put your Bitcoin to work. Earn up to 6% interest back on Bitcoin with Tantra: https://bit.ly/3CFcOmgAutomatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22