Welcome to Finance and Fury, The Say What Wednesday edition, where we answer your questions.

Today we have a question from Nick – Watching the Leonardo Di Caprio documentary about global warming, which touched on how the large oil corporations used bribes to corrupt politicians into slamming down new legislation to move towards a greener earth.

My question is: Have Politicians been holding off implementing renewable energy in the fear that it would stagnate the economy by interrupting the multi-billion dollar industry? And if we moved completely from Oil to Renewable Energy, what sort of effects would take place on the economy? Would it be smooth sailing and all good?

 

We will cover this in a 3 part series, but may not be back to back.

  1. Today will focus on oil and why it is unlikely we will move away from it anytime soon
  2. Then the climate change debate, and come back to Leo and Al Gore
  3. The final episode, look at the solutions at work and how they work

 

Today:

  • What happens if they do?
  • I think the reluctance to move to renewable energies, away from oil, is 5 fold
  1. What oil is used in
  2. The technology for renewables
  3. Political donations
  4. Can’t tax renewable emissions
  5. The petrodollar

 

History lesson:

“there is nothing new in the world, except for the history you do not know”

  1. In 1944 global leaders got together and created a new world economic order after the world wars
  2. The US was now the world’s leading economic power
  3. Why would 44 countries allow the value of their currencies to be dependent upon the US dollar?
  4. By the 1960s the US hadn’t lived within their means
  5. By 1971 the trade deficits increased and domestic spending increased
  6. Growing demand for countries’ gold back
  7. What could they do?

 

President Richard Nixon
Shocked the Global Economy, August 15, 1971

  1. The gold standard was abandoned, now a FIAT system
  2. Now the currency is a floating currency, based on market forces
  3. The federal reserve now is maintaining the currency
  4. They have never been audited either
  5. Federal income tax goes towards paying back the federal reserve
  6. Kennedy tried to change this, execute order 11110
  7. Reagan tried to bring in his election promised tax cuts, and there was an attempt on his life
  8. Henry Kissinger and the Petro Dollar
  9. The OPEC nations agreed to price oil in USD
  10. Artificial demand for USD
  11. The Axis of evil?
  12. There are problems for countries when they try and move away from the Petro Dollar

 

As more countries move away from the Petro Dollar, the US will experience inflationary pressures:

  • What happens if this system ends?
  • What actions can they take to avoid collapse?
  • How would the world be affected?

 

Summary:

  • Backing the currency to provide demand to allow increased supply
  • The forces of the oil market, and the result of a big government
  • Renewable energy, climate change, and greenhouse emissions is a different topic for another episode

 

Thank you for listening to today’s episode. If you want to get in contact you can do so here.

 

 

 

How to be wealthy; Germs, Monopoly, and Competition Vs Cooperation

Episode 2 How to be wealthy; Germs, Monopoly, and Competition Vs Cooperation. Hey guys, and welcome to Finance and Fury. Today the misunderstanding we're going to be tackling is how to be wealthy. There seems to be a lot of “rich-hating” going on around at the moment,...

History repeats itself – GFC’s, and how the banks and government regulation have impacted financial crashes in the past

Furious Friday History repeats itself - GFC's, and how the banks and government regulation have impacted financial crashes in the past This week we continue with where we left off last week’s episode - is it the Banks, or Government Regulation and interference, that...

Say What Wednesday: How to negotiate with real estate agents

Welcome to Say What Wednesday! Today’s question is from Mark; “Hi guys, lovin’ the show – I’m looking to buy my first place in Brisbane and I was just wondering if you have any tips on how to negotiate with the real estate agents and work out what price I should be...

We’re back

Start here We're back! We're back! Sorry to keep you waiting for quite some time, but our absence hasn’t been wasted. As you can probably tell the podcast looks a little different, but don’t worry, you’re not lost. To help avoid any further confusion this is a quick...

Say What Wednesday: Is this the solution for pollution?

Welcome to Finance & Fury, the ‘Say What Wednesday’ edition. I recently received a great email from Nick, on a fantastic topic. So, I’ll read most of the email as background to today’s discussion;  “Hey Louis, I’ve recently be thinking about an issue that I think...

How do I make an Investment Philosophy?

Welcome to Finance and Fury Today we are going to talk about how to implement an investment philosophy. It is a coherent way of thinking how you fit into your investment plan. It is a mission statement to follow when investing. It can help with understanding the types...

Say What Wednesdays: Which platform should I choose for investing and trading?

Say What Wednesdays Which platform should I choose for investing and trading? Welcome to Finance and Fury’s ‘Say What Wednesday’. Today’s question comes from Braden, “What are the tools for young people to invest in exchange trading funds or the wider share market?...

Say What Wednesdays: The slippery sponsorship slope and why I’ll never sell out

Happy New Year! Welcome to Finance & Fury’s Say What Wednesday. It’s been pretty quiet on the question front, I’m guessing with everyone away over the holidays… so today will be a quick episode covering the number 1 question I got all of 2018 but never answered –...

Understanding foreign currency

Episode 31 Understanding foreign currency Welcome to Finance and Fury. Before I start I want to say a massive ‘Thank you’ to our listeners. We cracked 150k downloads in the first 6 months which is phenomenal. Also, thank you to everyone who has taken up the course – I...

Should you start a business?

Hello everyone, and Welcome to Finance and Fury. The last episode was about finding the right job, from your purpose in life.  In today’s episode, we will be looking at investing in a business, by creating one. To start: There is lots of work in planning and...

Pin It on Pinterest

Share This