The petrodollar system, where the US dollar serves as the global reserve currency through oil transactions, allows the United States to export inflation worldwide by printing dollars to guarantee foreign nations, but this mechanism is now causing inflation to return domestically as the system faces structural challenges.
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THIS IS A FREAK SHOW ON A GALACTIC SCALE... MannarinoAdded:
So the more intervention comes, the more of the currency dies, the uh the more the currency dies, the higher prices go, the I told you I'm a little giddy-headed today. I don't know why. Uh and the people living in the real economy, well, that's you and me.
We get crushed underneath lions Lions, my lovely lions. This is a freak show on a freaking galactic scale.
Sound about right to you? Of course it does. You know why?
Cuz you're smart.
And because you're paying attention.
Love you guys. You're all I got. Now, listen, I'm going to get my head around this. We have an issue. All right? If what Scott Bessent is saying is true, and I have no doubt that it is, that's not just the UAE, that multiple allies, okay, foreign nations that the United States, you are going to be sending dollars to dollar guaranteed dollars to foreign nations, oh, I'm sure Trump supporters are all behind that. Is there still one single red hat left? We lost eight yesterday.
When I sent out I sent out a notice to you guys, an FYI, we had lost seven.
Seven people came forward after I put out, you know, the whole truth about what happened over the weekend. Uh seven people were so shocked and aghast and insulted that they they asked for their money back. They said, "I can't I don't want to be here, Greg. I want my money back." They all got it in full. And then we got another one, too. So eight altogether. So eight of those kinds of people, of course they weren't lions at all. They don't belong here with us, and we got stronger. And of course, you actually we got we got people back today because they see the truth. So we lost nothing. We gained real lions in an environment where there's still some non-lions dwelling about. We don't want them here, you know that. We want them out. I want them all out. And even one single non-lion weakens the entire pride, and we will not allow that to happen. So anyway, as I was saying, guys, let me get my head around this whole thing with uh why the dollar isn't rising when it should be rising because of these uh dollar guarantees that multiple nations, according to Scott Bessent, are asking for, and and the United States must act.
The United States has to do it.
The United States, you see, here's here's what's happened. This war has put the United States it's boxed the United States in. We have to do it. There's no way that it won't happen. Why? Because it's about the petrodollar. Got to protect it in any way, shape, or form. We know the current system is going down, okay, period. But the dollar it will not exist in its current form.
We we're pretty clear on that. Genius Act, President Trump signed it. You know, all this story been over a million times. We're going back to the company store model. But having the reserve currency via the petrodollar people have no idea of what a benefit it is to the nation that has it.
And uh we get to be We've basically been able to export our inflation everywhere around the world, but now it's coming home to roost.
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