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 8x10 poster (eBay)

OPEC

· 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.

BRICS