"When countries are forced to exchange their own currencies for dollars to buy oil, this strengthens that trading pair for that country, extending U.S. influence beyond energy markets."
- Alex Gladstein

In Block007 of The Bitcoin Journey, Tim & CJ discuss Alex Gladstein's article "Uncovering the Hidden Costs ofThe Petrodollar", a fantastic account of the USA manouvering to control the currency denomination of oil.

This is a great read, and it's worth spending the time digesting the points Alex presents, before diving into the discussion CJ & Tim have around some hard hitting macro questions:

• How legitimate is the petrodollar theory


• What impact does this have on the global economy


• How can we determine the difference between conspiracy and fact


• The petrodollar effect on the environment

As always, you can follow the author and access the article via the links below:

Alex Gladstein @gladstein

Article Uncovering the Hidden Costs ofThe Petrodollar

Bitcoin Audible Version
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We will be releasing regular episodes discussing the best bitcoin related articles, news, and technology.

Follow the hosts on Twitter:

CJ  @CharlieJBitcoin

Tim  @BitcoinTimO

Podcast  @BTCJourneyPod

Website http://thebitcoinjourney.org
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