Follow The Money Radio

PODCAST: Bitcoin vs the Petrodollar

May 15, 2019

Will there be a breakdown of the petrodollar system with the advent of bitcoin? Listen as Jerry Robinson discusses the brewing battle between cryptocurrencies and the monetary "powers that be."

Show Notes

Segment 1: Bitcoin Price Spike Creates a Stir

Segment begins at 00:43

Will we see a breakdown of the petrodollar system with the growing price and popularity of bitcoin? Listen as Jerry Robinson lays out the case for the brewing (and likely brutal) battle between cryptocurrencies and the monetary “powers that be.”

What makes bitcoin and the US dollar so different?
The purchasing power of bitcoin has grown while the purchasing power of the US dollar continues to be eroded
Bitcoin presents a particularly unique challenge due to its controlled supply that cannot be manipulated
Though quite small now, imagine if bitcoin reaches $1 trillion in market cap
The winds of war… global rumblings from monetary policymakers
The next bitcoin halving event in 2020
Hey, there’s an app for that! The Flexa Network has designed a crypto app for customers in over 30,000 stores
(Amazon-owned) Whole Foods is now accepting bitcoin

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Segment 2: The Final Word

Segment begins at 34:39

In light of President Trump’s record-setting spending in the first 7 months of the fiscal year, Jerry closes out today’s show with a simple question: “Where’s the tea party?” Answer: (crickets)

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