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In this conversation, Joe Murphy and Steve Sedahl discuss the petrodollar agreement and its impact on the global economy. They explore the history of the petrodollar, starting with the Bretton Woods agreement in 1944, which established fixed exchange rates and pegged currencies to the US dollar. They explain how the petrodollar system emerged, with Saudi Arabia agreeing to sell oil only in US dollars and invest excess dollars in US treasuries. They also discuss the potential threats to the petrodollar system and the implications for the US economy. The discussion highlights the importance of being aware of these geopolitical events and their potential impact on the value of the US dollar. 

Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

<p>In this conversation, Joe Murphy and Steve Sedahl discuss the petrodollar agreement and its impact on the global economy. They explore the history of the petrodollar, starting with the Bretton Woods agreement in 1944, which established fixed exchange rates and pegged currencies to the US dollar. They explain how the petrodollar system emerged, with Saudi Arabia agreeing to sell oil only in US dollars and invest excess dollars in US treasuries. They also discuss the potential threats to the petrodollar system and the implications for the US economy. The discussion highlights the importance of being aware of these geopolitical events and their potential impact on the value of the US dollar. </p>
<p>Call or text 800-930-5905. Visit <a href="https://mwmfinancial.tax/">MWMFinancial.Tax</a> to learn more.</p>

Joe Murphy and the team bring everything you need to know about retirement and income planning in a fast paced format. Each week, the hosts and guests on the show reveal the latest developments in the financial world to keep you informed of changes that may affect you personally, while sharing some common sense strategies that will help you make the most out of your retirement savings. We are focused on helping investors preserve and grow their assets, increase their income, and reduce taxes.

For more information or to get your own questions answered, call or text 800-930-5905.

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