The Petrodollar, Explained, BBS 2026 Day 1
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0:00A: So
0:00B: what does that mean?
0:01A: Huh?
0:01B: What does that mean, depeg the dollar?
0:02A: So they’re trying to -- no, they trying to, they trying to, they trying to peg it to a stablecoin. So it’s -- they like right now, ever since 1971, after they, they took out the gold standard, you know, once they took away the -- you being able to turn your cash into gold, then they made it fiat currency, which means there’s no value behind it. So what they did though after that is they used -- they pegged it. They went to Saudi Arabia, made a deal for the oil, and then they pegged their dollar to the oil.
0:30B: That’s the petrodollar.
0:31A: Yeah. So once they did that, they was able to leverage that with the other countries to be able to, you know what I’m saying, oppress them, be like, hey, nah, if you don’t, if you don’t, if you don’t use this dollar, then, you know, the resources and all this other stuff is going to affect you.
0:44B: So that’s how -- Why a lot of trade happens in dollars, right?
0:46A: Yeah. And that’s why the American dollar is so powerful, you know what I mean? So
