Petrodollar Deconstruction: Global Reset & BRICS System

Added: 2026-05-25

[00:00:00]Now, the reason that the Middle East is particularly important is because the US dollar post-1971 is propped up by three major constructs.

[00:00:11]The euro dollar, which is the creation of dollars through Bank of Canada, the Bank of Japan, uh the Bank of England, the European Central Bank, um and the Swiss Central Bank, um which is the creation of dollars outside of the Federal Reserve System.

[00:00:29]Um and then, um the Japan carry trade, which is effectively propping up the end of the debt cycle of the US Treasury market, um through excessive leverage in hedge funds in Cayman Island.

[00:00:43]Um and then, the third is the petrodollar. Uh so, it's interesting that now, as a result of this, um we're having effectively, I think, the biggest and most significant event um that we will experience of our lifetime with the closure of the Strait of Hormuz.

[00:00:59]Um one of those is that we get a global reset, which is pricing people out of the market.

[00:01:06]Concentration of wealth up to transnational capital.

[00:01:10]Um and the second thing, um is the deconstruction, um of the petrodollar. UAE left OPEC, that's half of the petrodollar.

[00:01:20]Um that is now moving towards a brick to line system.