1 00:00:00,960 --> 00:00:04,320 Speaker 1: From UFOs to ghosts and government cover ups. History is 2 00:00:04,400 --> 00:00:08,000 Speaker 1: riddled with unexplained events. You can turn back now or 3 00:00:08,080 --> 00:00:16,159 Speaker 1: learn the stuff they don't want you to now. I 4 00:00:16,239 --> 00:00:19,080 Speaker 1: just got this memo today or yesterday from the office 5 00:00:19,079 --> 00:00:22,520 Speaker 1: of the Secretary of Defense upstairs. It's a five year plan. 6 00:00:22,840 --> 00:00:25,880 Speaker 1: We're gonna take down seven countries in five years. We're 7 00:00:25,880 --> 00:00:30,479 Speaker 1: gonna start with Iraq, then Syria, Lebanon, then Libya, Somalia, Sudan, 8 00:00:30,680 --> 00:00:32,279 Speaker 1: and then we're gonna come back and get it wrong 9 00:00:32,360 --> 00:00:39,839 Speaker 1: in five years. And that is a quotation from a 10 00:00:39,920 --> 00:00:44,800 Speaker 1: gentleman named Wesley Clark. Uh former NATO higher up, is 11 00:00:44,840 --> 00:00:48,600 Speaker 1: a Supreme Allied commander, and he is telling a story 12 00:00:48,640 --> 00:00:51,159 Speaker 1: about how in two thousand and one a general of 13 00:00:51,200 --> 00:00:55,400 Speaker 1: the Pentagon said this to him. And that comes as 14 00:00:55,440 --> 00:01:00,080 Speaker 1: reported via The Guardian with the journalist David Swanson. You 15 00:01:00,120 --> 00:01:02,080 Speaker 1: may have seen that clip before. I know, I had 16 00:01:02,120 --> 00:01:05,960 Speaker 1: seen it on in several places over the years of him. 17 00:01:05,959 --> 00:01:08,880 Speaker 1: He's on stage and he's discussing about how we got 18 00:01:08,920 --> 00:01:13,240 Speaker 1: this memo and it seems to reflect what has happened 19 00:01:13,760 --> 00:01:16,480 Speaker 1: over the past several years. Oh right, and before we 20 00:01:16,520 --> 00:01:19,840 Speaker 1: get too far ahead of ourselves, Uh, you're Matt, I've been. 21 00:01:20,400 --> 00:01:27,200 Speaker 1: That's our super producer. Uh. No oil money Brown, Oh man, 22 00:01:27,319 --> 00:01:29,760 Speaker 1: Oh he's got oil money. Well some I'm sure at 23 00:01:29,760 --> 00:01:32,400 Speaker 1: some point, just the way the mixtape game goes, somebody's 24 00:01:32,440 --> 00:01:37,160 Speaker 1: gonna call themselves oil money money but didn't didn't was 25 00:01:37,200 --> 00:01:42,080 Speaker 1: it cash money records? Uh? Someone try to start their 26 00:01:42,120 --> 00:01:46,720 Speaker 1: own oil exploration. I think it might have been Baby Williams, 27 00:01:46,760 --> 00:01:49,800 Speaker 1: but don't quote me on that anyhow. Yeah, Matt, you're here. 28 00:01:49,960 --> 00:01:54,160 Speaker 1: I'm here, Knowl's here, listeners. Most importantly, you are here, 29 00:01:54,520 --> 00:01:59,120 Speaker 1: and that makes this stuff they don't want you to know. Today, 30 00:01:59,200 --> 00:02:03,480 Speaker 1: we are talking a little something called the petro dollar. Now, 31 00:02:03,520 --> 00:02:07,120 Speaker 1: this is a term that refers to US dollars um 32 00:02:07,360 --> 00:02:10,440 Speaker 1: and it's something that they they earned that the US 33 00:02:10,480 --> 00:02:14,680 Speaker 1: currency has earned basically through the export of oil, through 34 00:02:14,720 --> 00:02:19,239 Speaker 1: our relationship with oil. Our country's a relationship, and essentially 35 00:02:19,760 --> 00:02:23,720 Speaker 1: when countries sell oil, they are doing so at least 36 00:02:24,720 --> 00:02:27,880 Speaker 1: not always, but it is kind of a handshake deal 37 00:02:27,960 --> 00:02:30,480 Speaker 1: kind of thing that when countries are trading in oil, 38 00:02:30,520 --> 00:02:34,200 Speaker 1: they're trading in US dollars. So that might sound like 39 00:02:34,360 --> 00:02:39,079 Speaker 1: a weird abstract economic thing. Price of t in China 40 00:02:39,240 --> 00:02:42,040 Speaker 1: doesn't matter to me, Ben and Matt and know you 41 00:02:42,120 --> 00:02:46,079 Speaker 1: might be saying, so think of the petro dollar as 42 00:02:46,160 --> 00:02:50,320 Speaker 1: similar to the gold standard. We did a video on 43 00:02:50,440 --> 00:02:53,040 Speaker 1: the gold standard. We did we did a whole series 44 00:02:53,040 --> 00:02:56,720 Speaker 1: on why gold is not the standard anymore? Right yeah, 45 00:02:56,800 --> 00:02:58,880 Speaker 1: and why and why does it matter? So we'll talk 46 00:02:58,919 --> 00:03:02,519 Speaker 1: a little bit about that today. This this week, we've 47 00:03:02,520 --> 00:03:05,720 Speaker 1: been working on a series on the petro dollar. And 48 00:03:05,840 --> 00:03:08,000 Speaker 1: our longtime listeners will be glad to know this is 49 00:03:08,040 --> 00:03:10,680 Speaker 1: a classic episode that we have coming out. So yes, 50 00:03:10,880 --> 00:03:15,160 Speaker 1: well it's not a classic, it's a yeah, it's interesting, 51 00:03:15,240 --> 00:03:17,400 Speaker 1: it's a it's got an intro from when we were 52 00:03:17,400 --> 00:03:21,120 Speaker 1: in d C because we were outside a Ronald rap, 53 00:03:21,200 --> 00:03:25,040 Speaker 1: the Ronald Reagan Building for International Trade, Right Yeah, when 54 00:03:25,080 --> 00:03:27,440 Speaker 1: we just started thinking, oh we could talk about the 55 00:03:27,480 --> 00:03:29,640 Speaker 1: petro dollar. And a lot of times when we have 56 00:03:29,720 --> 00:03:32,640 Speaker 1: a good idea, we received a great suggestion. We we 57 00:03:32,720 --> 00:03:35,120 Speaker 1: know it's a real it's a real good one because 58 00:03:35,160 --> 00:03:39,280 Speaker 1: we're kicking ourselves for not having covered it earlier. So 59 00:03:39,640 --> 00:03:41,760 Speaker 1: this is something that took us well to get to. 60 00:03:42,200 --> 00:03:45,160 Speaker 1: But it's something a lot of people should know about. 61 00:03:45,280 --> 00:03:48,520 Speaker 1: And I'm sure that some people might find this boring. 62 00:03:48,560 --> 00:03:51,280 Speaker 1: There are some dry parts to this. Uh. I'm sure 63 00:03:51,360 --> 00:03:56,040 Speaker 1: some other people wish we had covered it more in depth, 64 00:03:56,200 --> 00:03:59,960 Speaker 1: and I'm sure that many of many of our listeners 65 00:04:00,160 --> 00:04:05,040 Speaker 1: is out there, myself included, are are just waiting for cryptids. 66 00:04:05,520 --> 00:04:09,240 Speaker 1: But yeah, I noticed on Twitter people are excited about that. Yeah, exactly, 67 00:04:09,280 --> 00:04:11,640 Speaker 1: and thanks to everybody who wrote in with those tweets. 68 00:04:11,680 --> 00:04:14,680 Speaker 1: I think was Gavin who made the initial suggestion, and 69 00:04:14,720 --> 00:04:18,040 Speaker 1: we are on it. But for now petro dollars. So 70 00:04:18,400 --> 00:04:21,520 Speaker 1: the reason you mentioned the gold currency is because this 71 00:04:21,640 --> 00:04:26,279 Speaker 1: in the same way is petroleum in this form functions 72 00:04:26,320 --> 00:04:29,000 Speaker 1: as a way to prop up a currency, right right, Yeah, 73 00:04:29,000 --> 00:04:33,200 Speaker 1: it's tying the concept of a currency to a tangible asset. 74 00:04:33,720 --> 00:04:40,640 Speaker 1: So when other countries are using dollars to export oil, 75 00:04:40,920 --> 00:04:43,640 Speaker 1: right and you you have to give you know country 76 00:04:43,760 --> 00:04:49,400 Speaker 1: a payment in dollars per barrel, then you have rubles. 77 00:04:49,400 --> 00:04:51,840 Speaker 1: They say, no rubles, you have yen or run by 78 00:04:51,839 --> 00:04:54,919 Speaker 1: and they say none of that, none of that. Swiss proner. 79 00:04:55,080 --> 00:04:57,640 Speaker 1: I don't know what are some other currencies. I don't 80 00:04:57,680 --> 00:05:01,200 Speaker 1: know too many. I know the the rand, the euro. 81 00:05:02,760 --> 00:05:06,040 Speaker 1: Oh I learned about Brixton dollars. Have you heard of it? 82 00:05:06,160 --> 00:05:09,400 Speaker 1: What are Brixton dollars. This is a local currency in 83 00:05:09,440 --> 00:05:12,320 Speaker 1: a certain section of London. I think it's Brixton. I hope, 84 00:05:12,360 --> 00:05:14,880 Speaker 1: I hope that's the correct name. But it's just a 85 00:05:14,880 --> 00:05:17,200 Speaker 1: local currency that people have started using where you can 86 00:05:17,240 --> 00:05:20,320 Speaker 1: trade in your sterling and your your pounds and everything, 87 00:05:20,320 --> 00:05:22,840 Speaker 1: and then you get these local dollars and you can 88 00:05:22,920 --> 00:05:25,960 Speaker 1: use them at There are several hundred places that are 89 00:05:26,200 --> 00:05:29,080 Speaker 1: accept them, so they kind of they keep the money 90 00:05:29,240 --> 00:05:32,400 Speaker 1: in the area. That's part of it. That makes sense. 91 00:05:32,440 --> 00:05:34,960 Speaker 1: And I guess you if you limit the area where 92 00:05:34,960 --> 00:05:38,640 Speaker 1: those things can be used. Currencies are powerful things and 93 00:05:38,640 --> 00:05:42,200 Speaker 1: and currencies are, you know, articles of faith just as 94 00:05:42,279 --> 00:05:46,040 Speaker 1: much as any religious symbol might be, because for a 95 00:05:46,040 --> 00:05:48,760 Speaker 1: long time now they have not been based on a 96 00:05:48,800 --> 00:05:52,080 Speaker 1: tangible asset and whole I can we take a tangent, 97 00:05:52,160 --> 00:05:56,680 Speaker 1: real quick, tangent away. Okay, So you know for a 98 00:05:56,680 --> 00:05:59,280 Speaker 1: long time that I have been talking about bend bucks. 99 00:06:00,000 --> 00:06:01,600 Speaker 1: I think I may have been mentioned this on the show. 100 00:06:03,600 --> 00:06:07,680 Speaker 1: Every time we look into currency, I get a little 101 00:06:07,720 --> 00:06:12,719 Speaker 1: closer to actually just printing some and using them around 102 00:06:12,720 --> 00:06:17,280 Speaker 1: the office. What are they backed by? That's where I'm 103 00:06:17,400 --> 00:06:19,240 Speaker 1: That's where I'm stuck, because they don't need to be 104 00:06:19,279 --> 00:06:22,039 Speaker 1: back by anything. It could just be my good name, 105 00:06:22,480 --> 00:06:26,440 Speaker 1: can I can I give you? Okay? So there's there 106 00:06:26,440 --> 00:06:30,720 Speaker 1: are these things called mountain bucks or mountain mountain time 107 00:06:31,520 --> 00:06:34,400 Speaker 1: bucks or something like that. So it's it's another local 108 00:06:34,400 --> 00:06:37,880 Speaker 1: currency used by a couple of small communities, and it's 109 00:06:37,880 --> 00:06:42,400 Speaker 1: in half hour increments. Okay, So you could trade someone 110 00:06:42,440 --> 00:06:45,240 Speaker 1: half hour a half hour of your manual labor or 111 00:06:45,279 --> 00:06:47,400 Speaker 1: whatever you need, Like, do you need a human being 112 00:06:47,400 --> 00:06:50,120 Speaker 1: to assist you with something? Here is half hour in currency. 113 00:06:50,680 --> 00:06:52,920 Speaker 1: I see. Okay, that makes sense because if you think 114 00:06:52,920 --> 00:06:55,640 Speaker 1: about it, and you and I have had this conversation before, 115 00:06:55,720 --> 00:07:01,120 Speaker 1: with our debate over whether bat and has a superpower? 116 00:07:01,160 --> 00:07:04,640 Speaker 1: Do you remember that, yes, and we decided that he 117 00:07:04,760 --> 00:07:08,279 Speaker 1: doesn't really have a superpower, but he has the closest 118 00:07:08,279 --> 00:07:10,800 Speaker 1: thing you can get to a human having a superpower 119 00:07:10,840 --> 00:07:13,480 Speaker 1: in the real world. I well, I think that Batman 120 00:07:13,600 --> 00:07:15,560 Speaker 1: does have a superpower, and I hate it when people 121 00:07:15,600 --> 00:07:18,600 Speaker 1: say that he doesn't. He has a superpower, has a 122 00:07:18,640 --> 00:07:21,480 Speaker 1: superpower because he is a billionaire, right, But it goes 123 00:07:21,520 --> 00:07:24,400 Speaker 1: deeper than that. And this Mountain time conversation reminds me 124 00:07:24,480 --> 00:07:30,160 Speaker 1: because money is the concept of currencies really just Uh, 125 00:07:30,760 --> 00:07:36,000 Speaker 1: a concept of human labor over time, right, So you 126 00:07:36,040 --> 00:07:40,240 Speaker 1: can build a studio like when we're in now, uh 127 00:07:40,240 --> 00:07:43,560 Speaker 1: and fabricate everything, teach yourself how to do that, take 128 00:07:43,640 --> 00:07:48,000 Speaker 1: those hours and hours and hours of craftsmanship and skill 129 00:07:48,120 --> 00:07:52,920 Speaker 1: and practice. Or you can give somebody something that they 130 00:07:52,960 --> 00:07:57,000 Speaker 1: will take in exchange for their time. So currency as 131 00:07:57,040 --> 00:07:59,680 Speaker 1: a marker of time makes a lot of sense to me, 132 00:08:00,000 --> 00:08:02,800 Speaker 1: which means that if you have a billion dollars, essentially 133 00:08:03,600 --> 00:08:06,640 Speaker 1: your time traveling, that's what That's what it was. You're 134 00:08:06,680 --> 00:08:11,920 Speaker 1: not losing decades teaching yourself how to build a freaking 135 00:08:12,040 --> 00:08:14,960 Speaker 1: bat cave, you know what I mean, just a microphone. 136 00:08:15,040 --> 00:08:17,360 Speaker 1: And I'm not saying that Batman is not the world's 137 00:08:17,400 --> 00:08:20,440 Speaker 1: greatest detective. Clearly that is that is the case. And 138 00:08:20,480 --> 00:08:24,360 Speaker 1: I'm a huge Batman fan. Yeah he has skills, but 139 00:08:24,640 --> 00:08:27,960 Speaker 1: you know he what what would he be if he 140 00:08:28,080 --> 00:08:33,080 Speaker 1: wasn't a billionaire? You know? Yeah, he'd be just alone, Nina. 141 00:08:34,679 --> 00:08:37,440 Speaker 1: It would be tough. Uh, it would be tough, I think, 142 00:08:37,520 --> 00:08:40,800 Speaker 1: to to have the same stuff. But anyway, we're digressing 143 00:08:40,800 --> 00:08:42,680 Speaker 1: a little bit this currency stuff. As you can tell, 144 00:08:43,520 --> 00:08:48,160 Speaker 1: the listeners were very interested in this, and because everybody 145 00:08:48,240 --> 00:08:52,200 Speaker 1: has to use, like the petro dollar is bigger than 146 00:08:52,280 --> 00:08:55,000 Speaker 1: Mountain time, the petro dollars bigger than bend bucks, the 147 00:08:55,040 --> 00:08:59,120 Speaker 1: petro dollar is bigger than the Euro so far. In fact, 148 00:08:59,480 --> 00:09:02,679 Speaker 1: because everybody has to use dollars or had to use 149 00:09:02,760 --> 00:09:05,840 Speaker 1: dollars to buy oil, all these other countries had to 150 00:09:05,960 --> 00:09:09,360 Speaker 1: keep a stash of cash, which is very good for 151 00:09:09,400 --> 00:09:11,360 Speaker 1: the US, and it's one of the reasons that the 152 00:09:11,480 --> 00:09:16,240 Speaker 1: US is referred to as the world's reserve currency. So 153 00:09:16,280 --> 00:09:18,280 Speaker 1: we have a couple of questions. The biggest one is 154 00:09:18,320 --> 00:09:21,120 Speaker 1: how how on earth did this happen? How do we 155 00:09:21,200 --> 00:09:23,840 Speaker 1: get to the point where the US dollar is the 156 00:09:23,880 --> 00:09:27,040 Speaker 1: world's currency when you're dealing with oil? Which which which 157 00:09:27,040 --> 00:09:29,480 Speaker 1: will totally tell you. By the way, We're not just 158 00:09:29,520 --> 00:09:33,280 Speaker 1: gonna leave that one hanging. We have other questions to write, 159 00:09:33,320 --> 00:09:37,800 Speaker 1: like how long can this situation last? Yeah, is there 160 00:09:37,920 --> 00:09:41,880 Speaker 1: something in the works right now that might be, I 161 00:09:41,880 --> 00:09:44,960 Speaker 1: don't know, causing a huge change with the state of 162 00:09:44,960 --> 00:09:49,120 Speaker 1: the petro dollar. Will the US go to war to 163 00:09:49,320 --> 00:09:54,400 Speaker 1: protect itself and its petro dollar? And has it done 164 00:09:54,440 --> 00:09:59,600 Speaker 1: so already? First, let's take a let's take a trip 165 00:10:00,040 --> 00:10:03,880 Speaker 1: back in history. Nor can we have the trip back 166 00:10:03,920 --> 00:10:11,880 Speaker 1: in history. Sound cue great, well, so good to see you. 167 00:10:12,000 --> 00:10:15,360 Speaker 1: Welcome back to the nineties. In the Britain Woods Agreement, 168 00:10:15,480 --> 00:10:18,640 Speaker 1: which officially gives the U S a distinct financial advantage 169 00:10:18,640 --> 00:10:21,600 Speaker 1: on the international sphere, tying the dollar to a value 170 00:10:21,600 --> 00:10:25,280 Speaker 1: of thirty five dollars per single ounce of gold, with 171 00:10:25,360 --> 00:10:29,559 Speaker 1: other currencies in the agreeing signatory countries pegged to the 172 00:10:29,679 --> 00:10:32,880 Speaker 1: value of the dollar. Now, that works for a time, 173 00:10:33,280 --> 00:10:36,720 Speaker 1: but the US essentially just promised not to print a 174 00:10:36,840 --> 00:10:40,040 Speaker 1: crapload of money. Yes, and they're in the Vietnam conflict. 175 00:10:40,040 --> 00:10:42,760 Speaker 1: All the countries began asking for the gold the dollars represented, 176 00:10:42,800 --> 00:10:45,360 Speaker 1: and the value of the currency therefore decreased because you see, 177 00:10:45,360 --> 00:10:48,000 Speaker 1: the U S didn't have the gold. Then President Nixon 178 00:10:48,040 --> 00:10:50,680 Speaker 1: eventually took the dollar off the gold standard entirely and 179 00:10:50,720 --> 00:10:57,400 Speaker 1: refused to convert you as currency to gold. Yes, well, 180 00:10:57,480 --> 00:11:00,840 Speaker 1: in a way, defaulting quite you, my good man. Let's 181 00:11:00,880 --> 00:11:05,760 Speaker 1: head to the nineteen seventies, seventies, seventies, seventies seven. So 182 00:11:05,800 --> 00:11:09,880 Speaker 1: in the early seventies, under Nixon, Henry Kissinger reportedly approached 183 00:11:09,880 --> 00:11:14,120 Speaker 1: the House of Saud Saudi Arabia with an intriguing proposition. 184 00:11:14,360 --> 00:11:17,720 Speaker 1: He said, we'll safeguard and support your rule. Over all 185 00:11:17,760 --> 00:11:21,760 Speaker 1: of this along with giving you military supplies, bullets, tanks, 186 00:11:21,800 --> 00:11:25,959 Speaker 1: anything you need in return, when you sell that sweet, 187 00:11:26,040 --> 00:11:31,640 Speaker 1: sweet crude oil, you sell it in US dollars. And 188 00:11:32,000 --> 00:11:35,760 Speaker 1: this deal, for as time worked quite well. Other OPEC 189 00:11:35,880 --> 00:11:38,880 Speaker 1: countries made similar deals. You can tell we're getting closer 190 00:11:38,880 --> 00:11:42,480 Speaker 1: to the modern day because our voices are changing back. 191 00:11:43,320 --> 00:11:46,200 Speaker 1: So here's a side note. What is OPEC. You've heard 192 00:11:46,240 --> 00:11:50,240 Speaker 1: about it before, right. OPECK stands for the Organization of 193 00:11:50,280 --> 00:11:54,440 Speaker 1: the Petroleum Exporting Countries. And by seventy five all of 194 00:11:54,440 --> 00:11:58,200 Speaker 1: these countries had some form of agreement with the US. 195 00:11:58,840 --> 00:12:02,200 Speaker 1: The US will do something for you, whether by hook 196 00:12:02,280 --> 00:12:05,640 Speaker 1: or by crook. They convinced the other countries to sell 197 00:12:05,720 --> 00:12:11,000 Speaker 1: oil in US dollars. So I one of my old 198 00:12:11,040 --> 00:12:17,640 Speaker 1: professors said, uh, said a very blunt thing about OPEQ. 199 00:12:18,200 --> 00:12:21,640 Speaker 1: He said, OPEQUE exists to stop the flow of oil 200 00:12:22,200 --> 00:12:25,720 Speaker 1: and make as much money as possible from it. So 201 00:12:25,760 --> 00:12:28,720 Speaker 1: it's kind of an oil damn where it's it's able 202 00:12:28,760 --> 00:12:33,280 Speaker 1: to control the release of like a faucet pipe. And 203 00:12:33,280 --> 00:12:36,720 Speaker 1: and the reason, well, without going into too much of 204 00:12:36,760 --> 00:12:40,120 Speaker 1: the history here, which is fascinating, you know, the reason 205 00:12:40,200 --> 00:12:44,920 Speaker 1: OPEQ forms is because of the domination of Western oil 206 00:12:45,000 --> 00:12:49,840 Speaker 1: companies like Anglo American oil companies in UH in the area. 207 00:12:50,000 --> 00:12:54,200 Speaker 1: So so it's not as if OPEC came out of 208 00:12:54,280 --> 00:12:57,839 Speaker 1: the blue anyway. Once you get OPEQUE on your side, right, 209 00:12:57,960 --> 00:13:01,120 Speaker 1: if you're the US, then this trans action method becomes 210 00:13:01,200 --> 00:13:04,200 Speaker 1: the international standard. We talked a little bit about why 211 00:13:04,240 --> 00:13:08,679 Speaker 1: it matters because it immediately makes every oil importing country 212 00:13:08,800 --> 00:13:13,240 Speaker 1: UH thirsty for constant supply of US dollars. And then 213 00:13:13,880 --> 00:13:16,720 Speaker 1: here's the baiting and here's the beating switch. So you 214 00:13:16,720 --> 00:13:20,760 Speaker 1: want those US dollars even though they're essentially coupons on paper. Right, 215 00:13:21,320 --> 00:13:25,199 Speaker 1: So for these for these UH coupons, what people will 216 00:13:25,240 --> 00:13:28,440 Speaker 1: do is or what countries will do, is supply actual 217 00:13:28,920 --> 00:13:36,840 Speaker 1: tangible goods, right, Appliances, microwaves, minerals, food sometimes yeah, food, 218 00:13:37,000 --> 00:13:40,080 Speaker 1: food importing food or something like that, all all of 219 00:13:40,120 --> 00:13:45,200 Speaker 1: these things manufactured goods, et cetera, or exchange for these coupons. 220 00:13:45,240 --> 00:13:49,600 Speaker 1: And then this boost the this boost the value of 221 00:13:49,600 --> 00:13:54,840 Speaker 1: the dollar, right, and it allows people to it allows 222 00:13:54,880 --> 00:13:57,720 Speaker 1: people to print more and the FED to print more UH. 223 00:13:57,760 --> 00:14:01,559 Speaker 1: And this cycle here of print money trading for tangible 224 00:14:01,600 --> 00:14:07,160 Speaker 1: assets and then also like every time a barrel of 225 00:14:07,160 --> 00:14:10,800 Speaker 1: oil is sold under this system, it's a little bit 226 00:14:10,880 --> 00:14:15,480 Speaker 1: better for the US. And that's that's a vast oversimplification 227 00:14:16,280 --> 00:14:19,600 Speaker 1: that I mean that that is a vast over simplification. Uh, 228 00:14:19,680 --> 00:14:23,720 Speaker 1: and it is. Although it is good for the US 229 00:14:23,840 --> 00:14:27,680 Speaker 1: at least, it's not particularly great for other countries, especially 230 00:14:27,720 --> 00:14:30,720 Speaker 1: other countries that don't want to trade in what some 231 00:14:30,800 --> 00:14:36,800 Speaker 1: have called, you know, uh, monetary hegemony. Yes, now, Ben, Yes, 232 00:14:38,320 --> 00:14:41,840 Speaker 1: I'm gonna say it this time. Here's where it gets crazy. 233 00:14:43,200 --> 00:14:47,280 Speaker 1: How far would the US go to protect this petro 234 00:14:47,440 --> 00:14:51,360 Speaker 1: dollar regime? Now, from what Ben and I have found, 235 00:14:51,400 --> 00:14:56,120 Speaker 1: according to numerous sources, the actual cause of many of 236 00:14:56,160 --> 00:14:59,280 Speaker 1: the conflicts occurring right now in the Middle East and 237 00:14:59,360 --> 00:15:02,920 Speaker 1: historically that have been happening there have hinged on the 238 00:15:03,000 --> 00:15:05,680 Speaker 1: price of oil and the trading of oil with the 239 00:15:05,760 --> 00:15:09,800 Speaker 1: US dollar. And we say numerous sources. Of course, what 240 00:15:09,920 --> 00:15:14,720 Speaker 1: we are talking about our theories. Somebody call them conspiracy theories. 241 00:15:14,760 --> 00:15:18,280 Speaker 1: But I want to be very careful and very fair 242 00:15:18,320 --> 00:15:20,680 Speaker 1: with this when we point out that this is not 243 00:15:20,800 --> 00:15:26,520 Speaker 1: at all the accepted party line for for a lot 244 00:15:26,520 --> 00:15:28,440 Speaker 1: of reasons. So we're gonna tell you some of the 245 00:15:28,560 --> 00:15:33,800 Speaker 1: things that other that officials have said, or analysts and 246 00:15:33,880 --> 00:15:37,840 Speaker 1: not just French people, also folks like Alan Greenspan, former 247 00:15:37,960 --> 00:15:41,400 Speaker 1: Chairman of the Federal Reserved. But before we do that, 248 00:15:41,960 --> 00:15:44,000 Speaker 1: we're going to pause for a word from our sponsor. 249 00:15:58,280 --> 00:16:01,000 Speaker 1: The first of these conflicts we would like to delve 250 00:16:01,080 --> 00:16:06,120 Speaker 1: into is Iraq. Now. According to a couple of researchers, 251 00:16:06,560 --> 00:16:10,520 Speaker 1: f William ingdol and William Clark have both of them 252 00:16:10,520 --> 00:16:14,360 Speaker 1: have written books or is this joint book? Sure yet? 253 00:16:14,480 --> 00:16:18,840 Speaker 1: The the book by William R. Clark is called Petro 254 00:16:19,040 --> 00:16:22,880 Speaker 1: Dollar Warfare and the one of the that's the book 255 00:16:22,880 --> 00:16:25,720 Speaker 1: we're referencing here. And Ingall wrote a book called The 256 00:16:25,800 --> 00:16:29,480 Speaker 1: Century of War, Anglo American Oil Politics and the New 257 00:16:29,520 --> 00:16:33,240 Speaker 1: World Order. These guys are on the same page, about 258 00:16:34,440 --> 00:16:37,920 Speaker 1: the same page about two thousand three lead invasion of Iraq. Yeah, 259 00:16:37,920 --> 00:16:41,600 Speaker 1: they don't believe that, at least according to the original 260 00:16:41,640 --> 00:16:44,320 Speaker 1: party line that was that was, you know, saying, well, 261 00:16:44,480 --> 00:16:47,000 Speaker 1: we've had these attacks on September eleven, two th one, 262 00:16:47,240 --> 00:16:50,680 Speaker 1: we're going to go into rock because they have connections 263 00:16:50,920 --> 00:16:53,800 Speaker 1: to the terrorists that caused these attacks. They they also 264 00:16:53,920 --> 00:16:57,040 Speaker 1: don't believe um that it was just for the overall 265 00:16:57,080 --> 00:17:01,560 Speaker 1: safety of the American public because they feel that we weren't, 266 00:17:01,600 --> 00:17:06,480 Speaker 1: at least on the mainland threatened by Iraq's forces. UH. 267 00:17:06,680 --> 00:17:09,520 Speaker 1: They feel and they don't even think that it was 268 00:17:09,760 --> 00:17:12,200 Speaker 1: you know, to go in and save the Iraqi people 269 00:17:12,320 --> 00:17:17,800 Speaker 1: from this dictator, Saddam Hussein. They have another idea, right. 270 00:17:18,160 --> 00:17:22,360 Speaker 1: They both claimed that the invasion was predominantly inspired by 271 00:17:22,480 --> 00:17:27,920 Speaker 1: Iraq's defiance of the Petro dollar regime or petro dollar system. 272 00:17:28,000 --> 00:17:31,119 Speaker 1: So here's a quote from the Petro Dollar Warfare book. 273 00:17:31,480 --> 00:17:35,679 Speaker 1: On September two thousand, Saddam Hussein allegedly emerged from a 274 00:17:35,720 --> 00:17:38,520 Speaker 1: meeting of his government and proclaimed that Iraq would soon 275 00:17:38,560 --> 00:17:43,719 Speaker 1: transition its oil export transactions to the euro currency, so 276 00:17:43,800 --> 00:17:47,679 Speaker 1: selling oil in euros, not in dollars. And I know 277 00:17:47,760 --> 00:17:53,240 Speaker 1: this sounds um fairly conspiratorial, right, and you haven't. You'll 278 00:17:53,280 --> 00:17:59,960 Speaker 1: hear at times contradicting statements from US officials regarding UH, 279 00:18:00,280 --> 00:18:04,360 Speaker 1: regarding the degree to which oil as a resource influenced 280 00:18:04,520 --> 00:18:11,080 Speaker 1: UH instability or invasions in the Middle East. So with 281 00:18:11,080 --> 00:18:15,320 Speaker 1: with this in mind, um, we we see that Saddam 282 00:18:15,400 --> 00:18:19,240 Speaker 1: Hussein actually did get ready to make the switch from 283 00:18:20,119 --> 00:18:24,760 Speaker 1: US dollars to euro and by two thousand two, fully 284 00:18:24,760 --> 00:18:30,280 Speaker 1: converted to a petro euro instead of a petro dollar. 285 00:18:30,520 --> 00:18:33,400 Speaker 1: You can speak in contradictory statements. You can also read 286 00:18:33,440 --> 00:18:39,720 Speaker 1: things by former analysts or even officials saying that before 287 00:18:39,880 --> 00:18:44,160 Speaker 1: the events of two thousand and one, before nine eleven, 288 00:18:44,800 --> 00:18:50,640 Speaker 1: the Bush administration had already been planning to evade invade Iraq, 289 00:18:51,280 --> 00:18:56,040 Speaker 1: and that in the aftermath of UH September eleven, these 290 00:18:56,320 --> 00:19:02,080 Speaker 1: um these administration officials contin you only pushed other government 291 00:19:02,119 --> 00:19:05,200 Speaker 1: agencies like the CIA et cetera, to find a connection 292 00:19:05,320 --> 00:19:11,920 Speaker 1: between the Hussain government or the Hussain administration and terroristats 293 00:19:11,960 --> 00:19:14,840 Speaker 1: in UH September of that year, or at least make 294 00:19:14,920 --> 00:19:18,200 Speaker 1: it look as though it is threatening enough to the 295 00:19:18,320 --> 00:19:21,000 Speaker 1: US populace. Right there, there's a reason to go in, 296 00:19:21,520 --> 00:19:25,359 Speaker 1: right And on March nineteenth, two thousand three, they announced 297 00:19:25,359 --> 00:19:29,320 Speaker 1: the commitment of an invasion of a rock. You've heard 298 00:19:29,480 --> 00:19:32,840 Speaker 1: a lot of controversy about this. If you were around 299 00:19:32,960 --> 00:19:35,960 Speaker 1: during that time or listening to the news, or if 300 00:19:36,000 --> 00:19:39,600 Speaker 1: you served in the military during this time. Was the 301 00:19:39,960 --> 00:19:44,040 Speaker 1: fight against al Qaeda? Fighting terrorism? Were their weapons of 302 00:19:44,119 --> 00:19:50,000 Speaker 1: mass destruction? Wasn't promoting democracy? So for the for the 303 00:19:50,080 --> 00:19:53,920 Speaker 1: people like Clark Ken ng Doll and another guy, Jerry Robinson, 304 00:19:53,920 --> 00:19:56,520 Speaker 1: we'll talk about in a little bit this well, and 305 00:19:56,520 --> 00:20:01,080 Speaker 1: and the the other people that we quote in our video. Uh, 306 00:20:01,119 --> 00:20:06,520 Speaker 1: this was all secondary at best to a to a 307 00:20:06,560 --> 00:20:12,400 Speaker 1: mission to secure the existence of the petro dollar. Well, yeah, 308 00:20:12,480 --> 00:20:16,199 Speaker 1: and also to slap the hand, right, I mean you, 309 00:20:16,720 --> 00:20:19,159 Speaker 1: And that's kind of a horrible thing to say, but 310 00:20:19,359 --> 00:20:22,719 Speaker 1: to punish the regime that would say, would stand up 311 00:20:22,960 --> 00:20:25,800 Speaker 1: to the petro dollar system. And it's got to look 312 00:20:25,840 --> 00:20:31,360 Speaker 1: strange from the outside because at different times in recent history, 313 00:20:31,800 --> 00:20:36,800 Speaker 1: you the US was supporting Saddam Hussein. Washington, for the record, 314 00:20:36,880 --> 00:20:41,560 Speaker 1: denies any accusations that the Iraq War was motivated by 315 00:20:41,640 --> 00:20:45,760 Speaker 1: something other than disarming Iraq and liberating its beliaguered people. 316 00:20:46,119 --> 00:20:48,159 Speaker 1: And I know that this can be a sense of 317 00:20:48,240 --> 00:20:53,160 Speaker 1: subject for folks, especially if you are related to someone 318 00:20:53,400 --> 00:20:55,960 Speaker 1: who served in the Armed forces, or if you yourself 319 00:20:56,560 --> 00:21:00,399 Speaker 1: went with the Armed forces to the Middle East, whether 320 00:21:00,480 --> 00:21:05,280 Speaker 1: in Afghanistan, whether in the Rock, whether in another country 321 00:21:05,359 --> 00:21:08,040 Speaker 1: or the Gulf War, even yes Um, or even as 322 00:21:08,720 --> 00:21:11,320 Speaker 1: far back, you know, as far back as Vietnam. The 323 00:21:11,359 --> 00:21:15,440 Speaker 1: thing is, what what I think is important here is 324 00:21:15,600 --> 00:21:20,480 Speaker 1: that we be able to ask the question about the motivation, 325 00:21:20,560 --> 00:21:24,960 Speaker 1: and we're showing you these different arguments for this. But 326 00:21:25,720 --> 00:21:29,720 Speaker 1: in my opinion, now, I know this can be a 327 00:21:29,800 --> 00:21:35,160 Speaker 1: sensitive subject. Right. War is a very political thing, and 328 00:21:35,560 --> 00:21:39,000 Speaker 1: especially if you have served in the armed forces of 329 00:21:39,080 --> 00:21:42,879 Speaker 1: your country, or if you are related to someone or 330 00:21:42,920 --> 00:21:47,720 Speaker 1: close to someone, it can seem like like a highly 331 00:21:47,760 --> 00:21:50,520 Speaker 1: again I'm going back to somewhere, a highly politicized thing. 332 00:21:51,359 --> 00:21:56,680 Speaker 1: But this is not about some sort of false dichotomy 333 00:21:56,760 --> 00:21:59,920 Speaker 1: between the left and the right. This is this is 334 00:22:00,040 --> 00:22:03,200 Speaker 1: about a question that should be asked, which is why 335 00:22:03,280 --> 00:22:06,680 Speaker 1: people were there. So I want to preemptively say if 336 00:22:06,720 --> 00:22:09,520 Speaker 1: you would like to write in and let let us 337 00:22:09,600 --> 00:22:12,920 Speaker 1: know about your experiences and what you think the motivating 338 00:22:12,960 --> 00:22:15,760 Speaker 1: factors were for the war in Iraq or for other 339 00:22:15,800 --> 00:22:19,080 Speaker 1: global conflicts, then we would like to hear it, because 340 00:22:19,119 --> 00:22:22,080 Speaker 1: one thing is for sure, the entire story hasn't been 341 00:22:22,160 --> 00:22:26,160 Speaker 1: told in an acknowledged way. And sorry for the sorry 342 00:22:26,200 --> 00:22:29,879 Speaker 1: for the tangent, Matt, no worries, man, just I just 343 00:22:29,920 --> 00:22:33,640 Speaker 1: wanna agree with pretty much everything you just said. It's 344 00:22:34,040 --> 00:22:36,000 Speaker 1: it's easy for Ben and I to sit in this 345 00:22:36,080 --> 00:22:39,199 Speaker 1: room and talk about these things, um, but you know, 346 00:22:39,520 --> 00:22:43,359 Speaker 1: neither of us have ever served. Right. That being said, 347 00:22:43,600 --> 00:22:47,960 Speaker 1: you also hear accusations about the motivations for going to 348 00:22:48,000 --> 00:22:51,720 Speaker 1: war in the conflicts in other places, specifically in Libya 349 00:22:51,920 --> 00:22:53,960 Speaker 1: and the fall of Gadaffi. We covered that in a 350 00:22:53,960 --> 00:22:57,520 Speaker 1: couple of videos we did, and Gadaffi is an interesting 351 00:22:57,640 --> 00:23:01,760 Speaker 1: character death I mean definitely a dictate year. Sure, But 352 00:23:02,359 --> 00:23:07,920 Speaker 1: before the NATO operations in two thousand eleven, the Libyan 353 00:23:07,960 --> 00:23:11,640 Speaker 1: Investment Authority had like something to the tune a sixty 354 00:23:11,760 --> 00:23:17,520 Speaker 1: billion dollars worth of petro dollars petro bucks. And since 355 00:23:17,600 --> 00:23:23,560 Speaker 1: the nineteen seventy three crisis, uh, these these petro dollars 356 00:23:23,560 --> 00:23:29,399 Speaker 1: have been recycled through New York investment banks. So uh 357 00:23:29,480 --> 00:23:32,640 Speaker 1: we know, according to a book by a guy named 358 00:23:32,720 --> 00:23:36,919 Speaker 1: David Harvey and A Brief History of Neoliberalism. We know 359 00:23:37,240 --> 00:23:40,200 Speaker 1: from British intelligence reports of the U s was actively 360 00:23:40,240 --> 00:23:43,200 Speaker 1: preparing to invade countries to restore the flow of oil 361 00:23:43,280 --> 00:23:46,119 Speaker 1: and bring down oil prices. We also know that the 362 00:23:46,160 --> 00:23:49,800 Speaker 1: Saudis agreed at the time, presumably under military pressure, if 363 00:23:49,800 --> 00:23:52,480 Speaker 1: not open threat from the US, to recycle all of 364 00:23:52,520 --> 00:23:56,680 Speaker 1: their petro dollars through New York investment banks. Now, Gaddafi 365 00:23:56,720 --> 00:24:00,920 Speaker 1: had tried this before and didn't apparently didn't the experience, 366 00:24:01,600 --> 00:24:06,560 Speaker 1: so this there became this. Um, I don't know. Like 367 00:24:06,640 --> 00:24:11,400 Speaker 1: the weirdest thing about the the civil war and Libya 368 00:24:11,440 --> 00:24:16,560 Speaker 1: and um, the NATO involvement is that when the rebels 369 00:24:17,400 --> 00:24:20,359 Speaker 1: won the city, when they when they controlled Libya, one 370 00:24:20,359 --> 00:24:23,800 Speaker 1: of the first things they did was open a central bank. Yeah, 371 00:24:24,760 --> 00:24:26,600 Speaker 1: it's a it's a strange thing, and that you know, 372 00:24:26,680 --> 00:24:29,280 Speaker 1: I've never toppled the country that I'm aware of, so 373 00:24:29,320 --> 00:24:32,200 Speaker 1: I don't know the order of operations or how it does, 374 00:24:32,880 --> 00:24:36,800 Speaker 1: how it works. But we also have a quote from 375 00:24:37,400 --> 00:24:41,680 Speaker 1: the Guardian about this. Uh, the Libyan government controls more 376 00:24:41,720 --> 00:24:44,520 Speaker 1: of its oil than any other nation on Earth, type 377 00:24:44,520 --> 00:24:48,400 Speaker 1: of oil that Europe at least finds easiest through refine. 378 00:24:48,840 --> 00:24:52,640 Speaker 1: But there's something else here that that's weird. Right, Yes, 379 00:24:53,480 --> 00:25:00,280 Speaker 1: Libya also controls its finances, right or it did, Yeah, okay, 380 00:25:00,320 --> 00:25:02,480 Speaker 1: it did. It didn't have a central bank in the 381 00:25:02,480 --> 00:25:04,840 Speaker 1: way that a lot of other countries did. That is 382 00:25:05,080 --> 00:25:08,800 Speaker 1: kind of a a system that functions inside the country 383 00:25:08,840 --> 00:25:12,920 Speaker 1: but on its own. Um. Yeah, that that right there 384 00:25:13,000 --> 00:25:14,960 Speaker 1: is one of the reasons I remember hearing about that 385 00:25:15,040 --> 00:25:18,040 Speaker 1: a long time ago about Libya and a couple other countries. 386 00:25:18,400 --> 00:25:20,719 Speaker 1: There were some of the only only left on the 387 00:25:20,760 --> 00:25:23,520 Speaker 1: planet that did not have a central bank that was 388 00:25:23,600 --> 00:25:28,080 Speaker 1: just a private institution, right. And this this naming of 389 00:25:28,119 --> 00:25:31,639 Speaker 1: these countries that we quoted in the earlier thing again, 390 00:25:31,720 --> 00:25:36,720 Speaker 1: that's Syria, Lebanon, Iraq, Libya, Somalia, Sudan, Iran. In five 391 00:25:36,800 --> 00:25:42,760 Speaker 1: years this uh these seven countries aren't listed as member 392 00:25:42,760 --> 00:25:45,760 Speaker 1: banks for the Bank for International Settlements and without getting 393 00:25:45,760 --> 00:25:47,720 Speaker 1: into the I m F, the World Bank and the 394 00:25:47,760 --> 00:25:51,399 Speaker 1: b I s UH, I can say that they're a 395 00:25:51,520 --> 00:25:57,280 Speaker 1: huge part of the financial global order, right, So that's 396 00:25:57,320 --> 00:26:02,480 Speaker 1: the idea. The idea here is that these analysts, clark 397 00:26:02,640 --> 00:26:09,240 Speaker 1: Ing Doll and others are saying that US invasions in 398 00:26:09,280 --> 00:26:14,760 Speaker 1: these areas were motivated by protecting the status of the 399 00:26:14,760 --> 00:26:17,199 Speaker 1: petro dollar. And for a lot of people that sounds 400 00:26:17,240 --> 00:26:21,840 Speaker 1: like either absolute bunk, right, or someone will say, well, 401 00:26:22,000 --> 00:26:25,280 Speaker 1: how can you even ask this question? It's so disrespectful. 402 00:26:25,320 --> 00:26:28,520 Speaker 1: I completely disagree with that that second statement, because I 403 00:26:28,560 --> 00:26:33,399 Speaker 1: don't think there's anything inherently disrespectful about asking questions. But 404 00:26:33,520 --> 00:26:37,040 Speaker 1: with that being said, and side note, do check out 405 00:26:37,040 --> 00:26:41,520 Speaker 1: our our video on the fall of Gaddafi's some interesting 406 00:26:41,560 --> 00:26:45,520 Speaker 1: stuff there, and the locker bombing and the locker b 407 00:26:45,680 --> 00:26:50,040 Speaker 1: bombing as well. Yeah, so this leads me to one 408 00:26:50,640 --> 00:26:53,119 Speaker 1: question for you, Matt, Do you think any of this 409 00:26:53,160 --> 00:26:59,880 Speaker 1: stuff could be true? Well, it could be, sure, I'm 410 00:27:00,080 --> 00:27:03,760 Speaker 1: it's possible, right, It's absolutely possible. But it's probably not 411 00:27:03,920 --> 00:27:07,720 Speaker 1: as cut and dry on one like one way or 412 00:27:07,760 --> 00:27:12,240 Speaker 1: the other. Right, It's probably very very gray, and it's 413 00:27:12,240 --> 00:27:16,880 Speaker 1: probably got hints of of both sides. Both are When 414 00:27:16,880 --> 00:27:19,919 Speaker 1: I say both sides, I mean people who would argue that, yes, absolutely, 415 00:27:19,920 --> 00:27:23,119 Speaker 1: the petro dollar in the maintaining of its power is 416 00:27:23,160 --> 00:27:25,600 Speaker 1: a reason to invade these countries. But then also there 417 00:27:25,600 --> 00:27:28,600 Speaker 1: are probably other reasons, right, as we've learned in any 418 00:27:28,680 --> 00:27:32,080 Speaker 1: kind of UH strategy at that level, there are so 419 00:27:32,119 --> 00:27:36,760 Speaker 1: many different aspects, right, Yeah, Are you getting into a 420 00:27:36,880 --> 00:27:40,600 Speaker 1: conflict because your allies, your regional partners asked you to 421 00:27:40,680 --> 00:27:42,600 Speaker 1: do so? You know that's another part of it too. 422 00:27:42,760 --> 00:27:44,800 Speaker 1: Is it just helpful that they asked for you to 423 00:27:44,840 --> 00:27:47,720 Speaker 1: do it? Right? So, here's here's the thing that we 424 00:27:47,760 --> 00:27:52,200 Speaker 1: have to do some mythbusting and misconceptions. I think this 425 00:27:52,320 --> 00:27:54,600 Speaker 1: is more well known now, but for a long time 426 00:27:54,720 --> 00:28:00,680 Speaker 1: people thought mistakenly that the Middle East was the primary 427 00:28:00,760 --> 00:28:06,600 Speaker 1: source for US oil imports. Oh yeah, I think that. 428 00:28:06,720 --> 00:28:09,040 Speaker 1: I don't know if it was from movies why that 429 00:28:09,080 --> 00:28:10,840 Speaker 1: got into my head, but that was that was a 430 00:28:10,840 --> 00:28:14,879 Speaker 1: belief that I held true. It's not even the top 431 00:28:14,920 --> 00:28:19,200 Speaker 1: source of foreign oil entering the US is not Saudi Arabia, 432 00:28:19,240 --> 00:28:21,760 Speaker 1: although Saudi Arabia is number two, and it is not 433 00:28:21,880 --> 00:28:25,000 Speaker 1: a run and it is not a rock. It's not 434 00:28:25,200 --> 00:28:28,520 Speaker 1: even in the Middle East. Listeners, can you guess, I 435 00:28:28,560 --> 00:28:32,840 Speaker 1: know some of you already know this. Maybe we should 436 00:28:32,840 --> 00:28:35,480 Speaker 1: do the top five countries. Okay, So here are the 437 00:28:35,520 --> 00:28:40,520 Speaker 1: top five countries in reverse order. So number five with 438 00:28:40,600 --> 00:28:47,400 Speaker 1: four Russia. That's four percent of the amount supplied. Number four, 439 00:28:47,600 --> 00:28:55,640 Speaker 1: Venezuela with nine, Number three Mexico with nine, Saudi Arabia. 440 00:28:55,680 --> 00:29:01,240 Speaker 1: As we said, number two with and number one. Could 441 00:29:01,240 --> 00:29:10,680 Speaker 1: we have a drumroll please? Canada, ladies and gentlemen. Canada 442 00:29:10,880 --> 00:29:15,000 Speaker 1: is the source of the largest amount of foreign oil 443 00:29:15,120 --> 00:29:20,200 Speaker 1: or petrolling imported into the US. So foreign, yes, the 444 00:29:20,360 --> 00:29:25,240 Speaker 1: distant exotic land of Canada. Many legends have been said 445 00:29:25,280 --> 00:29:30,880 Speaker 1: about the mysterious ways of this remote, unaccessible place and 446 00:29:30,920 --> 00:29:34,840 Speaker 1: the yeties that gather the oil together in vast vats 447 00:29:35,960 --> 00:29:39,760 Speaker 1: and of the people who traveled to the distant north 448 00:29:40,040 --> 00:29:43,959 Speaker 1: only to be burned hideously by the horrific glowing lights 449 00:29:44,040 --> 00:29:48,160 Speaker 1: of the Aurora borealis. Shudder to think. So, I hope 450 00:29:48,160 --> 00:29:50,080 Speaker 1: you guys can tell that we are joking. But it 451 00:29:50,200 --> 00:29:55,160 Speaker 1: is a weird misconception because you know, Canada and the 452 00:29:55,280 --> 00:30:04,360 Speaker 1: US hardly look at one another as these um unknown menaces, 453 00:30:04,400 --> 00:30:07,080 Speaker 1: you know, like that, that is the majority of the 454 00:30:07,160 --> 00:30:11,560 Speaker 1: foreign oil at this time. Shale oil technology which we 455 00:30:11,600 --> 00:30:15,120 Speaker 1: also did a or excuse me, just shale technology which 456 00:30:15,120 --> 00:30:19,320 Speaker 1: we also did a piece on with fracking. Uh. That 457 00:30:19,440 --> 00:30:23,320 Speaker 1: has changed the nature of the game for the US 458 00:30:23,640 --> 00:30:26,760 Speaker 1: with the oil. And here's another point. So when we 459 00:30:26,800 --> 00:30:30,760 Speaker 1: look at the statistics, what we see is that people do, 460 00:30:30,920 --> 00:30:35,400 Speaker 1: at least in the States overestimate the amount of oil 461 00:30:35,440 --> 00:30:40,000 Speaker 1: coming from the Middle East to the US. And you 462 00:30:40,040 --> 00:30:43,080 Speaker 1: know this, this could change in the future, these these 463 00:30:43,360 --> 00:30:47,320 Speaker 1: percentages and prices could fluctuate. But there's another there's a 464 00:30:47,360 --> 00:30:51,240 Speaker 1: counterpoint here. Yes, So if the point of this whole 465 00:30:51,240 --> 00:30:53,920 Speaker 1: petro dollar system that we've been discussing this entire time, 466 00:30:54,480 --> 00:30:56,440 Speaker 1: if the point of that is to prop up the 467 00:30:56,480 --> 00:31:00,240 Speaker 1: dollar and make it stronger. Then it doesn't matter. It 468 00:31:00,320 --> 00:31:03,240 Speaker 1: doesn't matter at all. Actually, whether the oil is sent 469 00:31:03,320 --> 00:31:06,040 Speaker 1: to the US wherever it's it's created and sold, it 470 00:31:06,120 --> 00:31:10,480 Speaker 1: just matters that it is it is sold, right, because 471 00:31:10,480 --> 00:31:13,440 Speaker 1: you're selling it in dollars. Yeah, okay, So it just 472 00:31:13,560 --> 00:31:17,800 Speaker 1: matters if the dollar is the medium of exchange. Yeah. Yeah. 473 00:31:18,040 --> 00:31:20,400 Speaker 1: And if it is, then hey, we're good to go. 474 00:31:20,640 --> 00:31:22,480 Speaker 1: You can sell it to whoever you need to. I 475 00:31:22,520 --> 00:31:25,760 Speaker 1: know Canada needs even more. They're probably producing a lot. 476 00:31:25,840 --> 00:31:28,920 Speaker 1: If they're selling us or supplying us with thirty seven percent, 477 00:31:29,000 --> 00:31:31,480 Speaker 1: that's and you know that's an if, right, that's big. 478 00:31:31,800 --> 00:31:38,160 Speaker 1: But this leads us to the next question. Supposing now 479 00:31:38,160 --> 00:31:41,440 Speaker 1: the petro dollar itself is real, right the situations, the 480 00:31:41,480 --> 00:31:44,720 Speaker 1: big question is what role it plays in global conflict. 481 00:31:45,400 --> 00:31:48,400 Speaker 1: So our next question for the petro dollars, how long 482 00:31:49,040 --> 00:31:55,560 Speaker 1: can this system last? Well, I mean it could last 483 00:31:55,640 --> 00:32:00,040 Speaker 1: for a little longer, but ben these times they're a 484 00:32:00,200 --> 00:32:03,800 Speaker 1: change in right. Yeah, we often hear about the end 485 00:32:03,840 --> 00:32:06,840 Speaker 1: of the petro dollars. You follow these sorts of stories, 486 00:32:06,880 --> 00:32:10,280 Speaker 1: then for years, for more than a decade, people have 487 00:32:10,320 --> 00:32:13,719 Speaker 1: been saying it's the end of the world tomorrow. And 488 00:32:13,760 --> 00:32:15,680 Speaker 1: you know, I just have to put this in here, 489 00:32:15,880 --> 00:32:18,760 Speaker 1: just as a caveat a lot of times you will 490 00:32:18,880 --> 00:32:21,880 Speaker 1: hear that the end of the petro dollars coming from 491 00:32:21,920 --> 00:32:26,960 Speaker 1: a group that may be selling precious metals or at 492 00:32:27,000 --> 00:32:29,120 Speaker 1: least investment in precious metals. I just have to say 493 00:32:29,120 --> 00:32:30,800 Speaker 1: it because I've seen it in a lot of places 494 00:32:31,120 --> 00:32:33,480 Speaker 1: where you know your dollars are gonna be useless very 495 00:32:33,480 --> 00:32:36,680 Speaker 1: soon by this silver or this gold, and you know, 496 00:32:38,080 --> 00:32:41,000 Speaker 1: strangely like the if you look at the prices and 497 00:32:41,200 --> 00:32:44,920 Speaker 1: what retains. I'm not I'm not sitting here in hawking 498 00:32:45,120 --> 00:32:47,960 Speaker 1: precious metals that you I'm just saying there to it. 499 00:32:48,600 --> 00:32:52,360 Speaker 1: But at the same time, there is a profit incentive 500 00:32:52,360 --> 00:32:56,120 Speaker 1: there to get you to dump your dollars. I see, 501 00:32:56,240 --> 00:32:59,280 Speaker 1: I see. So I think that's really I think that's 502 00:32:59,280 --> 00:33:00,960 Speaker 1: a really good point. You do have to be kind 503 00:33:01,000 --> 00:33:04,480 Speaker 1: of suspicious if someone wants you to panic about a 504 00:33:04,520 --> 00:33:07,240 Speaker 1: financial system and then attempts you to sell your gold 505 00:33:07,240 --> 00:33:12,040 Speaker 1: at the same time, that you always have to be suspicious. Yeah, okay, 506 00:33:12,200 --> 00:33:16,880 Speaker 1: there so another thing that's happening in this future, this 507 00:33:17,120 --> 00:33:24,000 Speaker 1: uncertain future of energy politics. It's essentially what this is, right, uh, 508 00:33:24,160 --> 00:33:28,400 Speaker 1: is that there are increasingly viable forms of alternative energy. 509 00:33:28,480 --> 00:33:34,320 Speaker 1: They're nowhere near replacing fossil fuels yet, nowhere near, but 510 00:33:35,080 --> 00:33:39,600 Speaker 1: there is assiduous around the clock research going on, and 511 00:33:40,240 --> 00:33:43,080 Speaker 1: it's it's neck and neck in some ways. I think 512 00:33:43,200 --> 00:33:47,240 Speaker 1: right now China is leading the charge with solar panels. 513 00:33:47,240 --> 00:33:49,200 Speaker 1: It used to be the US, but now it's China. 514 00:33:49,760 --> 00:33:53,040 Speaker 1: And another thing, Russia is a force to be reckoned 515 00:33:53,080 --> 00:33:57,400 Speaker 1: with in this situation. If petro dollars matter, if petro 516 00:33:57,520 --> 00:34:02,880 Speaker 1: dollars do cause nations to experience instability, invasions, and war, 517 00:34:03,360 --> 00:34:07,920 Speaker 1: than China offers an alternative to countries that are not 518 00:34:08,000 --> 00:34:10,840 Speaker 1: on friendly terms with the US, whether in terms of 519 00:34:10,880 --> 00:34:14,360 Speaker 1: business negotiations or aid development loans that would be like 520 00:34:14,400 --> 00:34:19,080 Speaker 1: I M F loans and stuff. Russia also, surprise, there's 521 00:34:19,160 --> 00:34:22,120 Speaker 1: no need for a petro dollar. Well yeah, and they've 522 00:34:22,160 --> 00:34:26,120 Speaker 1: been taking steps the bricks nations right right, I mean 523 00:34:26,160 --> 00:34:29,759 Speaker 1: they're trying to set up their own currency, essentially with 524 00:34:29,840 --> 00:34:32,239 Speaker 1: a central bank, and then to be able to say, well, hey, 525 00:34:32,239 --> 00:34:34,399 Speaker 1: you can trade dollars with us, or you can trade 526 00:34:34,400 --> 00:34:37,239 Speaker 1: oil with us with our currency. Right. The brick is 527 00:34:37,239 --> 00:34:40,720 Speaker 1: an acronym b R I C. It stands for Brazil, Russia, India, 528 00:34:40,800 --> 00:34:45,200 Speaker 1: and China emerging emerging economic forces with a lot of heft. 529 00:34:45,760 --> 00:34:50,120 Speaker 1: That's correct. Additionally, a few years back, Iran also shifted 530 00:34:50,160 --> 00:34:53,799 Speaker 1: away from the dollar to trading in a basket of currencies, 531 00:34:53,840 --> 00:34:56,160 Speaker 1: and that actually happened, and that, you know, that's one 532 00:34:56,200 --> 00:34:58,480 Speaker 1: of the things that people said about Gaddafi too. They 533 00:34:58,480 --> 00:35:01,640 Speaker 1: would say, you know, the real reason that he's getting 534 00:35:01,680 --> 00:35:04,280 Speaker 1: based because he was trying to start his own currency system, 535 00:35:04,320 --> 00:35:09,359 Speaker 1: not gonna sell oil in dollars anymore. But while that's 536 00:35:09,400 --> 00:35:14,520 Speaker 1: the general gist of the theory, we know that whether 537 00:35:14,640 --> 00:35:19,520 Speaker 1: or not that belief about petro dollars and war is true, 538 00:35:19,640 --> 00:35:22,840 Speaker 1: we know that petro dollar actually exists. So what happens 539 00:35:23,040 --> 00:35:27,239 Speaker 1: in a world without a petro dollar? We uh, we 540 00:35:27,360 --> 00:35:30,640 Speaker 1: had a nice little list here of possible things that 541 00:35:30,760 --> 00:35:36,279 Speaker 1: come from a writer named Jerry Robinson, and first things 542 00:35:36,320 --> 00:35:39,279 Speaker 1: first says foreign nations will begin sending a flood of 543 00:35:39,360 --> 00:35:42,400 Speaker 1: US dollars back to the States in exchange for whatever 544 00:35:42,440 --> 00:35:45,440 Speaker 1: the new currency is needed for oil. So whether it's 545 00:35:45,480 --> 00:35:51,279 Speaker 1: Mountain time dollars or ben bucks or Colarie shells, it 546 00:35:51,360 --> 00:35:55,440 Speaker 1: doesn't matter. It's just what it represents, which is the 547 00:35:55,440 --> 00:36:00,120 Speaker 1: ability to obtain oil. Can I give you the US 548 00:36:00,200 --> 00:36:02,839 Speaker 1: and you will give me oil? That's all you need. 549 00:36:03,080 --> 00:36:07,560 Speaker 1: The Federal Reserve could lose the ability to print more money, 550 00:36:07,680 --> 00:36:11,120 Speaker 1: which is historically in one of the solutions to America's 551 00:36:11,120 --> 00:36:16,759 Speaker 1: economic woes. The Treasury and the Fed would meet to determine, 552 00:36:17,040 --> 00:36:20,600 Speaker 1: like the best case scenario, what do we do? Uh. 553 00:36:20,600 --> 00:36:25,520 Speaker 1: This would, in Robinson's opinion, result in an immediate increase 554 00:36:25,560 --> 00:36:29,160 Speaker 1: in interest rates to reduce the money supply. This would 555 00:36:29,200 --> 00:36:34,520 Speaker 1: trigger hyper inflation. And we've we've covered hyper inflation, what 556 00:36:34,640 --> 00:36:37,919 Speaker 1: it is, what the effects could be, and uh, kind 557 00:36:37,920 --> 00:36:40,160 Speaker 1: of the fear mongering that happens with hyper inflation, but 558 00:36:40,200 --> 00:36:43,360 Speaker 1: also the reality of just what it can do. We 559 00:36:43,400 --> 00:36:46,960 Speaker 1: looked at the Weimar Republic thinking, oh, yeah, yeah, it's 560 00:36:47,040 --> 00:36:51,520 Speaker 1: really bad when your currency is valueless because there's just 561 00:36:51,560 --> 00:36:54,839 Speaker 1: too much of it. It's no good when you have 562 00:36:54,960 --> 00:36:58,799 Speaker 1: to rush to spend to buy everything you can in 563 00:36:58,800 --> 00:37:02,359 Speaker 1: the morning, because by the afternoon the money will be worthless, 564 00:37:02,480 --> 00:37:05,000 Speaker 1: or at least much more worthless than it currently already 565 00:37:05,040 --> 00:37:08,239 Speaker 1: is worthless. And that leads us, you know that it 566 00:37:08,320 --> 00:37:12,640 Speaker 1: leaked us down a path that some might say is absurdity. Sure, 567 00:37:12,880 --> 00:37:16,920 Speaker 1: and it's definitely surreal. So what else would happen? Apparently 568 00:37:16,960 --> 00:37:21,240 Speaker 1: there would be another second, even higher increase in interest 569 00:37:21,360 --> 00:37:26,400 Speaker 1: rates because the amount of money in the system would 570 00:37:26,440 --> 00:37:29,560 Speaker 1: have to be slashed. People don't need petro dollars anymore, 571 00:37:29,719 --> 00:37:35,920 Speaker 1: so demand has plummeted. Uh. Both political parties would blame 572 00:37:35,920 --> 00:37:40,320 Speaker 1: each other right first, and then also blame the FEDS. Sure, 573 00:37:40,840 --> 00:37:43,360 Speaker 1: because you know it's hey, this isn't a government institution. 574 00:37:43,400 --> 00:37:45,279 Speaker 1: Who are these guys? What are they doing? Oh? That's 575 00:37:45,280 --> 00:37:47,520 Speaker 1: so weird? And man, when you hate to be president 576 00:37:47,800 --> 00:37:51,960 Speaker 1: under that one. And when that happens, Uh, people with 577 00:37:52,080 --> 00:37:57,400 Speaker 1: adjustable rate debts would have uh, would have a terrible time, 578 00:37:58,440 --> 00:38:04,040 Speaker 1: and predictively layoffs would occur. Companies would close, people would 579 00:38:04,040 --> 00:38:10,200 Speaker 1: get fired. And the worst thing is that pretty much 580 00:38:10,200 --> 00:38:14,560 Speaker 1: anything that you own just devalues so badly, your home, 581 00:38:14,760 --> 00:38:19,359 Speaker 1: your car, everything, that boat that especially that boat Way 582 00:38:19,400 --> 00:38:23,360 Speaker 1: to go, guys, really good investment. So could this happen, 583 00:38:23,600 --> 00:38:26,960 Speaker 1: would it happen? Should it happen? What do you what 584 00:38:27,040 --> 00:38:28,920 Speaker 1: do you think? Because this is one of those things 585 00:38:28,960 --> 00:38:34,440 Speaker 1: where whether it's good or bad depends upon where you live, 586 00:38:34,640 --> 00:38:39,440 Speaker 1: your personal situation. You know, we we know that one 587 00:38:39,560 --> 00:38:45,200 Speaker 1: person's vision of paradise is not often someone else's, right, Ben, 588 00:38:45,239 --> 00:38:48,200 Speaker 1: I just want to say here that I sometimes when 589 00:38:48,200 --> 00:38:50,879 Speaker 1: we're in this room together discussing a topic, or when 590 00:38:50,880 --> 00:38:54,200 Speaker 1: I'm over there editing something we're looking at, I forget 591 00:38:54,400 --> 00:39:00,640 Speaker 1: how how privileged, uh, the life of an American is 592 00:39:00,840 --> 00:39:02,719 Speaker 1: because of a lot of these systems that are set 593 00:39:02,800 --> 00:39:06,160 Speaker 1: up in this one in particular, the whole Petro dollar system, 594 00:39:06,200 --> 00:39:10,200 Speaker 1: the way it it makes us all a little just 595 00:39:10,280 --> 00:39:14,120 Speaker 1: that much more wealthy by having a strong currency in 596 00:39:14,160 --> 00:39:17,080 Speaker 1: this way. Um, I take I realized. I take that, 597 00:39:17,120 --> 00:39:19,600 Speaker 1: along with a whole host of other things for granted, 598 00:39:19,640 --> 00:39:24,200 Speaker 1: just being an American citizen. Did you ever see there 599 00:39:24,239 --> 00:39:27,359 Speaker 1: was a comic strip that I I loved for some 600 00:39:27,920 --> 00:39:32,440 Speaker 1: very gallows humorous reasons. But there's one panel strip I 601 00:39:32,480 --> 00:39:36,200 Speaker 1: saw from from somewhere, and listeners, maybe you remember this too. Uh. 602 00:39:36,239 --> 00:39:39,759 Speaker 1: It was a scene where there were three people who 603 00:39:39,760 --> 00:39:43,799 Speaker 1: had jobs walking past a homeless person holding out a 604 00:39:43,800 --> 00:39:47,160 Speaker 1: cup for change, and above their heads they had the 605 00:39:47,200 --> 00:39:50,719 Speaker 1: amount of debt they have. You this is familiar. You've 606 00:39:50,760 --> 00:39:53,239 Speaker 1: seen this, and you know there's like a student loan 607 00:39:53,719 --> 00:39:56,440 Speaker 1: or a series of student loans, and then credit cards 608 00:39:56,480 --> 00:39:59,920 Speaker 1: and like mortgage or whatever, and they're all in the negatible, 609 00:40:00,040 --> 00:40:02,719 Speaker 1: these people walking by, and then the homeless guy's up 610 00:40:02,800 --> 00:40:07,520 Speaker 1: like six dollars and forty two cents, And it really 611 00:40:08,440 --> 00:40:14,480 Speaker 1: affects your perspective, you know. So what you're saying though 612 00:40:14,520 --> 00:40:18,799 Speaker 1: about about privilege and about how isolated people can be. 613 00:40:19,200 --> 00:40:23,000 Speaker 1: The weirdest things seem normal if you do them long enough. 614 00:40:23,560 --> 00:40:27,120 Speaker 1: You know, well out of context, that quote is going 615 00:40:27,160 --> 00:40:32,040 Speaker 1: to come back to haunt me. Speaking of haunting, do 616 00:40:32,080 --> 00:40:37,480 Speaker 1: you hear that? Whoa, Okay, all right now I'm hearing it. 617 00:40:39,960 --> 00:40:45,239 Speaker 1: Oh hey, oh ladies and gentlemen, it's our super producer, 618 00:40:47,040 --> 00:40:54,880 Speaker 1: you know, the ghost How you got me? Yeah? You 619 00:40:54,960 --> 00:40:59,760 Speaker 1: got me? Uh? I cried a little. I hope it doesn't. 620 00:41:00,000 --> 00:41:04,040 Speaker 1: I'm not gonna lie. Yeah, super spooed. So, uh what 621 00:41:04,080 --> 00:41:05,919 Speaker 1: do you what do you think about this whole thing? Man? 622 00:41:06,160 --> 00:41:09,640 Speaker 1: Do you think that wars are wars for oil? I mean, 623 00:41:09,640 --> 00:41:11,400 Speaker 1: I've always kind of had a sense that that was 624 00:41:11,440 --> 00:41:14,640 Speaker 1: the case. Um, but it's kind of just been one 625 00:41:14,680 --> 00:41:16,759 Speaker 1: of those sort of gut feeling things from watching the 626 00:41:16,800 --> 00:41:19,759 Speaker 1: news and to seeing the white politics plays out. Now 627 00:41:19,760 --> 00:41:21,719 Speaker 1: it's all about he's got the resources and stuff. So 628 00:41:21,760 --> 00:41:25,160 Speaker 1: I guess I can't really back it up with any data. Well, 629 00:41:25,200 --> 00:41:28,719 Speaker 1: there are there are statements though, where people mention uh, 630 00:41:29,200 --> 00:41:32,239 Speaker 1: Like various government officials on the left and the right 631 00:41:32,800 --> 00:41:36,759 Speaker 1: mentioned uh stuff about resources for oil. There was one 632 00:41:36,880 --> 00:41:41,120 Speaker 1: I think it was a senator, um, a senator from somewhere, 633 00:41:41,160 --> 00:41:44,480 Speaker 1: and he said something I loved when he said uh. 634 00:41:44,600 --> 00:41:46,480 Speaker 1: Someone asked him, like, what do you have to see, 635 00:41:46,560 --> 00:41:48,640 Speaker 1: sir that the blah blah blah and blah blah blah 636 00:41:48,680 --> 00:41:51,400 Speaker 1: country is ultimately about oil? And he said, of course, 637 00:41:51,520 --> 00:41:59,680 Speaker 1: what do you think national interest means? Granted that's one guy, yeah, 638 00:42:00,160 --> 00:42:04,319 Speaker 1: and secure that oil, right right? So like, what what 639 00:42:04,400 --> 00:42:05,920 Speaker 1: do you think do you think it would be? The 640 00:42:06,000 --> 00:42:08,680 Speaker 1: world would be a better place if this wasn't around, 641 00:42:08,760 --> 00:42:14,279 Speaker 1: or if the patronage system didn't exist. I mean it 642 00:42:14,320 --> 00:42:16,399 Speaker 1: would be I think the world would be a better 643 00:42:16,400 --> 00:42:19,040 Speaker 1: place if other people didn't have things that that other 644 00:42:19,040 --> 00:42:22,720 Speaker 1: people want and everyone could just get along. We generate 645 00:42:22,760 --> 00:42:29,239 Speaker 1: power from magic just out of here, solar power, oh, 646 00:42:29,280 --> 00:42:32,439 Speaker 1: goodness of our hearts, heart power, like like a care 647 00:42:32,480 --> 00:42:38,560 Speaker 1: bear powered everything industry with the care bear stair, and 648 00:42:38,680 --> 00:42:42,440 Speaker 1: we'd be in good shape. But we would be enslaving bears. 649 00:42:44,880 --> 00:42:49,800 Speaker 1: We would have care bears under the hood. This is ridiculous. Yeah, okay, okay, really, 650 00:42:49,800 --> 00:42:52,280 Speaker 1: do you guys think we there will be a small 651 00:42:52,360 --> 00:42:56,799 Speaker 1: number of humans at least that will someday have ubiquitous 652 00:42:56,880 --> 00:43:01,120 Speaker 1: energy that isn't causing emissions. Absolutely. I don't know if 653 00:43:01,160 --> 00:43:04,000 Speaker 1: they'll still be humans by that point, but yeah, sure 654 00:43:04,200 --> 00:43:08,720 Speaker 1: if if everybody, if we managed to keep this crazy 655 00:43:08,920 --> 00:43:12,919 Speaker 1: ride called Homo sapiens going, then eventually, whether it's Homo 656 00:43:12,960 --> 00:43:16,120 Speaker 1: sapiens or whatever comes after us will have some sort 657 00:43:16,200 --> 00:43:20,040 Speaker 1: of some some sort of technology that will be indistinguishable 658 00:43:20,120 --> 00:43:23,759 Speaker 1: from magic to us. They will look like they're care 659 00:43:23,800 --> 00:43:27,880 Speaker 1: bear staring, and then all of a sudden, the moon moves. 660 00:43:28,560 --> 00:43:32,000 Speaker 1: You know, I don't know. I mean, I guess the 661 00:43:32,000 --> 00:43:35,000 Speaker 1: moon is always moving. I'm trying to imagine the reason 662 00:43:35,040 --> 00:43:36,839 Speaker 1: that you need to we need you know, we need 663 00:43:36,880 --> 00:43:40,799 Speaker 1: to change I don't know the way the water is 664 00:43:40,920 --> 00:43:44,520 Speaker 1: currently over here. Let's change the tide. Okay, good, Maybe 665 00:43:44,560 --> 00:43:47,080 Speaker 1: that's maybe that's the future. That's how you get all 666 00:43:47,080 --> 00:43:50,279 Speaker 1: your energy. You have an oscillating moon and then you 667 00:43:50,320 --> 00:43:52,840 Speaker 1: can just capture the energy through turbines. I don't know 668 00:43:52,880 --> 00:43:54,640 Speaker 1: if the science is there yet, but I like that 669 00:43:54,680 --> 00:43:57,799 Speaker 1: you're thinking big and no, I'm sorry, man, I was 670 00:43:57,840 --> 00:44:00,000 Speaker 1: excited about this. I was being I was being so rude. 671 00:44:00,000 --> 00:44:02,440 Speaker 1: What have you been thinking about? This is the moment 672 00:44:02,480 --> 00:44:04,480 Speaker 1: with you. We want to hear from you. You know, 673 00:44:04,520 --> 00:44:06,239 Speaker 1: I just try to throw him a two cents Ben. 674 00:44:06,560 --> 00:44:08,799 Speaker 1: You know I'm a I'm a blank slate on a 675 00:44:08,840 --> 00:44:13,800 Speaker 1: sunny day. Huh open book? Well this sunny day, I 676 00:44:14,560 --> 00:44:19,200 Speaker 1: altered it a little bit my own flair. What am 677 00:44:19,239 --> 00:44:21,160 Speaker 1: I thinking about? Um? Well, the pea key on my 678 00:44:21,239 --> 00:44:23,760 Speaker 1: laptop doesn't work anymore. So I've got the virtual keyboard 679 00:44:23,800 --> 00:44:24,840 Speaker 1: up and every time I have to hit a P, 680 00:44:24,960 --> 00:44:26,400 Speaker 1: I gotta click the mouse on the P on the 681 00:44:26,440 --> 00:44:29,600 Speaker 1: virtual keyboard. So that's good. Is this episode entitled the 682 00:44:29,680 --> 00:44:32,520 Speaker 1: etro Dollar and no, I've have that's the virtual keyboards 683 00:44:32,520 --> 00:44:35,319 Speaker 1: for him? Oh, man, I feel bad. We should lay 684 00:44:35,320 --> 00:44:38,799 Speaker 1: off things that require you to type pe Well, you 685 00:44:38,800 --> 00:44:41,200 Speaker 1: know what it is. This is the word podcast, you know, 686 00:44:43,480 --> 00:44:46,120 Speaker 1: the PCE just you couldn't handle it anymore. Just as 687 00:44:46,160 --> 00:44:49,239 Speaker 1: a reminder of everyone listening, Nol produces from where he's 688 00:44:49,239 --> 00:44:52,560 Speaker 1: sitting all of the house to works podcasts. He's a 689 00:44:52,640 --> 00:44:55,239 Speaker 1: one man machine or one man army. You're a one 690 00:44:55,239 --> 00:44:59,120 Speaker 1: man army. That is correct. It's very kind of you guys. 691 00:44:59,280 --> 00:45:06,440 Speaker 1: It's true. All right, So, uh, really quickly before we 692 00:45:06,480 --> 00:45:08,719 Speaker 1: wrap this thing up, I just wanted to make a 693 00:45:08,760 --> 00:45:12,960 Speaker 1: quick announcement. There is a big life change occurring in 694 00:45:13,040 --> 00:45:17,160 Speaker 1: my one of those my life. Uh, I'm just gonna 695 00:45:17,200 --> 00:45:18,960 Speaker 1: go out and say it. My wife and I are 696 00:45:19,000 --> 00:45:22,640 Speaker 1: having our first baby. I'm not doing anything. She's doing 697 00:45:22,719 --> 00:45:26,080 Speaker 1: all the work and I'm just kind of standing there going, hey, 698 00:45:26,360 --> 00:45:29,120 Speaker 1: can I get you some water? That's pretty much what 699 00:45:29,239 --> 00:45:31,279 Speaker 1: I what I've been doing for the past few months here, 700 00:45:32,000 --> 00:45:34,680 Speaker 1: and I'm going to be away. That is happening imminently, 701 00:45:35,400 --> 00:45:38,680 Speaker 1: so I will be away from the studio for a bit. 702 00:45:39,400 --> 00:45:42,120 Speaker 1: I might swing in when I get a chance. Um. 703 00:45:42,800 --> 00:45:45,520 Speaker 1: You will notice on our YouTube page they're going to 704 00:45:45,560 --> 00:45:49,440 Speaker 1: be several classic videos. It's actually I think our last 705 00:45:49,480 --> 00:45:53,440 Speaker 1: batch of classic episodes that we are going to produce, 706 00:45:53,520 --> 00:45:55,520 Speaker 1: and not classic as in the style, but as in 707 00:45:55,920 --> 00:45:59,480 Speaker 1: videos from the original House Stuff Works channel, which we've 708 00:45:59,480 --> 00:46:02,120 Speaker 1: been slow moving to our own ChIL This will be 709 00:46:02,160 --> 00:46:04,520 Speaker 1: the last bit that we need to get over there. 710 00:46:04,840 --> 00:46:08,160 Speaker 1: And by the way, I think we hit three hundred 711 00:46:08,200 --> 00:46:12,279 Speaker 1: and fifty thousand subscribers on YouTube and that's huge. Thank 712 00:46:12,320 --> 00:46:16,200 Speaker 1: you so much, thank you. Oh my goodness. Yeah, I 713 00:46:16,239 --> 00:46:19,240 Speaker 1: just want to say thank you guys so much because 714 00:46:19,320 --> 00:46:23,279 Speaker 1: this is your show. We've said it before. It's a 715 00:46:23,320 --> 00:46:27,400 Speaker 1: free show. A lot of stuff is free on the internet, 716 00:46:27,840 --> 00:46:31,160 Speaker 1: so this, this support means a hell of a lot 717 00:46:31,200 --> 00:46:34,960 Speaker 1: to us. And uh it's also you know, no offense, 718 00:46:35,000 --> 00:46:39,720 Speaker 1: like it's cool the show stuff is cool. But congratulations, Matt, 719 00:46:39,840 --> 00:46:42,919 Speaker 1: thank you very much. So if you well, thank you man. 720 00:46:43,320 --> 00:46:46,360 Speaker 1: So if you want to talk to us about the 721 00:46:46,360 --> 00:46:49,600 Speaker 1: Petro dollar, about anything we've talked about in past episodes, 722 00:46:50,080 --> 00:46:52,080 Speaker 1: or if you want to give me some parenting advice, 723 00:46:52,160 --> 00:46:54,719 Speaker 1: I could take it because I am lost right now. 724 00:46:55,880 --> 00:46:58,200 Speaker 1: But you know what will make it work, the whole 725 00:46:58,200 --> 00:47:00,880 Speaker 1: bottle situation. Just you know, I just have to gripe 726 00:47:00,880 --> 00:47:03,840 Speaker 1: really fast putting things together for babies, all of the 727 00:47:04,000 --> 00:47:06,799 Speaker 1: all of the different uh, I don't even know what 728 00:47:06,840 --> 00:47:10,319 Speaker 1: most of them are called, like the gliders and the 729 00:47:10,320 --> 00:47:13,360 Speaker 1: other things. Everything GREATO makes no offense, Great KO just 730 00:47:13,560 --> 00:47:17,040 Speaker 1: very difficult to put together. So anyway, I can't wait 731 00:47:17,080 --> 00:47:20,320 Speaker 1: to have a kid and then really worry about him 732 00:47:20,360 --> 00:47:22,640 Speaker 1: falling off of one of these greatco machines that I 733 00:47:22,680 --> 00:47:25,920 Speaker 1: put together hopefully correctly. So anyway, you can write to 734 00:47:26,000 --> 00:47:28,080 Speaker 1: us about any of that stuff. You can find us 735 00:47:28,080 --> 00:47:29,880 Speaker 1: on Facebook, you can find us on Twitter. We are 736 00:47:29,960 --> 00:47:33,680 Speaker 1: conspiracy stuff on both of those. You can let's see, 737 00:47:33,680 --> 00:47:34,960 Speaker 1: you can go to stuff they don't want you to 738 00:47:35,040 --> 00:47:37,040 Speaker 1: know dot com. You can listen to all of these. 739 00:47:37,080 --> 00:47:39,279 Speaker 1: Hopefully you're listening to this on stuff they don't want 740 00:47:39,280 --> 00:47:42,200 Speaker 1: you to know dot com. If you are, you are awesome. 741 00:47:42,880 --> 00:47:45,080 Speaker 1: You're awesome either way for having this in your ears. 742 00:47:45,120 --> 00:47:49,520 Speaker 1: But thank you. Uh, and there's one last thing, ben Ah, Yes, 743 00:47:49,600 --> 00:47:52,200 Speaker 1: if you have an idea and you'd like to email us, 744 00:47:52,320 --> 00:47:57,360 Speaker 1: if you have a story about your time abroad or 745 00:47:57,400 --> 00:48:00,319 Speaker 1: something relates to Petro dollar, we'd like to you're we 746 00:48:00,360 --> 00:48:03,200 Speaker 1: want to hear more about the situation. We want to 747 00:48:03,239 --> 00:48:07,319 Speaker 1: hear whether it's true, whether it's utter bunk, and we 748 00:48:07,400 --> 00:48:11,320 Speaker 1: want to hear from you. So the best way to 749 00:48:11,440 --> 00:48:13,480 Speaker 1: do that if you don't like social media, and just 750 00:48:13,560 --> 00:48:16,919 Speaker 1: a real quick a word about Facebook messages. We don't 751 00:48:17,000 --> 00:48:19,160 Speaker 1: see them often. I try to go in and respond 752 00:48:19,200 --> 00:48:22,960 Speaker 1: to them as as possible, but uh, if they're opposed 753 00:48:23,040 --> 00:48:26,040 Speaker 1: to a page or their messages, you feel like are 754 00:48:26,080 --> 00:48:30,879 Speaker 1: not getting through it's because typically when I'm looking through 755 00:48:30,920 --> 00:48:35,480 Speaker 1: all this stuff, it's easy for me to miss things. Uh. 756 00:48:35,719 --> 00:48:38,160 Speaker 1: Also doing the one at man army thing, but not 757 00:48:38,239 --> 00:48:40,680 Speaker 1: quite as well as null at times. So the best 758 00:48:40,680 --> 00:48:42,880 Speaker 1: way to contact us if you don't want to play 759 00:48:42,920 --> 00:48:48,560 Speaker 1: the social media reindeer games is to write to us directly, 760 00:48:48,719 --> 00:48:51,840 Speaker 1: and these compete. Just hey guys, what's going on? Ideas 761 00:48:51,840 --> 00:48:55,799 Speaker 1: for a future show response or as as you said, Matt, 762 00:48:55,960 --> 00:49:01,160 Speaker 1: uh some congratulations some note I said it, I say gradually, 763 00:49:01,239 --> 00:49:03,000 Speaker 1: hey congrats mean No, I don't want to hear that. 764 00:49:03,200 --> 00:49:04,600 Speaker 1: What I want to know is how do I take 765 00:49:04,600 --> 00:49:09,160 Speaker 1: care of this baby? Yes? Uh so uh, as the 766 00:49:09,360 --> 00:49:12,440 Speaker 1: Villain and Poulter Guy said, all are welcome. You can 767 00:49:12,480 --> 00:49:15,720 Speaker 1: write to us directly. We are Conspiracy and how Stuff 768 00:49:15,719 --> 00:49:25,920 Speaker 1: works dot com from one on this topic another unexplained phenomenon, 769 00:49:26,239 --> 00:49:30,279 Speaker 1: visit YouTube dot com slash conspiracy stuff. You can also 770 00:49:30,320 --> 00:49:33,439 Speaker 1: get in touch on Twitter at the handle at conspiracy 771 00:49:33,480 --> 00:49:33,840 Speaker 1: stuff