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RE: Early Market Update and Look at Crypto Currencies and Precious Metals.

in #market • 8 years ago

Thanks very much for the videos.

I can't help wondering whether the Qatar split and Trump's withdrawal from the Paris agreement are both connected to Petrodollar politics. Perhaps some political battles behind the scenes?

I'd also be interested to know what you think the impact of a collapse of the Petrodollar system would be for the UK? Would it be hyper-inflationary here too, but to a lesser extent than the US?

8 years ago in #market by
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     8 years ago (edited) 

    It would hit the UK harder as we are tied at the hip, in my opinion, to the US and the Petrodollar system. The UK is the US's closest ally. I think we are already seeing the effects of the collapse of the Petrodollar in the value of sterling. Sterling will continue to lose value versus real things.