It is a common assertion that we are at peak oil right now. This is why wars in oil rich countries are being so meticulously orchestrated (it's more complicated than that, but this is a comment not a blog). So what happens to the petrodollar as the oil starts to dwindle? This, to me, may mean the future will be cryptocurrencies, and I think many small investors are, at least partly, motivated by this. The petrodollar doesn't really mean squat anymore other than people having faith in it. Very interesting times we live in. I hope the experiment works. The Australian govt are making bitcoin taxable very soon. Here come the regulations.
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