The Brian D. O’Leary Show
December 5, 2023
Jason Purcell – The petrodollar system (Part 2) Ep. 93
Check us out on Substack: https://open.substack.com/pub/briandoleary/p/jason-purcell-the-petrodollar-system?r=3c44f&utm_campaign=post&utm_medium=web
We welcome financial analyst Jason Purcell on the program for the second part in a series on the history of money and banking. We’re talking about the “petrodollar” once again.
Jason is working on a book on the topic which includes a chapter about his theory of the “Petrodollar System.” You can find the first episode at our Substack page (and on all podcatchers):
https://briandoleary.substack.com/p/the-petrodollar-system-part-1-w-jason
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 longer compilation episode and more robust show notes page for you.
Topics discussed: A Spate Of Recent Deals Raises Chatter Of A Fading Petrodollar (Forbes)
· Jason mentions this article as an entry point into our discussion.
Petrodollar-Saudi Axis Is Why Washington Hates Iran
· Gary Richied article that Jason mentions.
“Petrodollar” search at Mises.org
· https://mises.org/search-mises?search=petrodollar
· Several mises.org articles reference “petrodollar” (36 at last count). Take some time and read the free resources.
· Jason’s theory runs somewhat counter to what you’ll hear in Forbes or mises.org, but it helps to have the background
Not So Fast My Friend!
· Lee Corso autographed 8×10 poster (eBay)
· OPEC countries include: Algeria, Angola, Republic of the Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, Venezuela
o The host was unaware that Nigeria was a part of OPEC. It is!
· OPEC+ is a loose grouping of countries that includes Azerbaijan, Bahrain, Brunei, Brazil, Kazakhstan, Malaysia, Mexico, Oman, Russia, South Sudan, and Sudan.