Jason Purcell — The Petrodollar System (Part 2) - The Brian D. O'Leary Show Ep 93

<p>The Brian D. O’Leary Show</p> <p><em>December 5</em><em>, 2023</em></p> <p><em>Jason Purcell – The petrodollar system (Part 2)</em> <em>Ep. 9</em><em>3</em></p> <p>Check us out on Substack: <a href="https://open.substack.com/pub/briandoleary/p/jason-purcell-the-petrodollar-system?r=3c44f&utm_campaign=post&utm_medium=web">https://open.substack.com/pub/briandoleary/p/jason-purcell-the-petrodollar-system?r=3c44f&utm_campaign=post&utm_medium=web</a></p> <p><em>We welcome financial analyst Jason Purcell on the program for the</em> <em>second</em> <em>part</em> <em>in</em> <em>a series on the history of money and banking.</em> <em>We’re talking about the “petrodollar” once again.</em></p> <p><em>Jason is working on a book on the topic which includes a chapter about his theory of the “Petrodollar System.”</em> <em>You can find the first episode at our Substack page (and on all podcatchers):</em></p> <p><em><a href="https://briandoleary.substack.com/p/the-petrodollar-system-part-1-w-jason">https://briandoleary.substack.com/p/the-petrodollar-system-part-1-w-jason</a></em></p> <p><em>Jason will be on the show again soon to complete his analysis of the petrodollar system. Once we complete the discussion, we’ll have a</em> <em>longer compilation episode and</em> <em>more robust show notes page for you.</em></p> <p>Topics discussed: <a href="https://www.forbes.com/sites/davidblackmon/2023/04/02/a-spate-of-recent-deals-raises-chatter-of-a-fading-petrodollar/?sh=3a1afa2d5964">A Spate Of Recent Deals Raises Chatter Of A Fading Petrodollar</a> (Forbes)</p> <p>· Jason mentions this article as an entry point into our discussion.</p> <p><a href="https://mises.org/wire/petrodollar-saudi-axis-why-washington-hates-iran">Petrodollar-Saudi Axis Is Why Washington Hates Iran</a></p> <p>· Gary Richied article that Jason mentions.</p> <p>"Petrodollar" search at Mises.org</p> <p>· <a href="https://mises.org/search-mises?search=petrodollar">https://mises.org/search-mises?search=petrodollar</a></p> <p>· Several mises.org articles reference “petrodollar” (36 at last count). Take some time and read the free resources.</p> <p>· Jason’s theory runs somewhat counter to what you’ll hear in Forbes or mises.org, but it helps to have the background</p> <p>Not So Fast My Friend!</p> <p>· <a href="https://ebay.us/kyMQ2e">Lee Corso autographed 8x10 poster</a> (eBay)</p> <p><a href="https://en.wikipedia.org/wiki/OPEC">OPEC</a></p> <p>· OPEC countries include: Algeria, Angola, Republic of the Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, Venezuela</p> <p>o The host was unaware that Nigeria was a part of OPEC. It is!</p> <p>· OPEC+ is a loose grouping of countries that includes Azerbaijan, Bahrain, Brunei, Brazil, Kazakhstan, Malaysia, Mexico, Oman, Russia, South Sudan, and Sudan.</p> <p><a href="https://en.wikipedia.org/wiki/BRICS">BRICS</a></p>