Welcome to The Watchdog on Wall Street Podcast. Author, investment banker, consumer advocate, analyst, and trader Chris Markowski exposes the lies and…
The global “petrodollar” system—born from a 1974 deal between the United States and Saudi Arabia—has long propped up demand for the dollar and helped finance massive U.S. debt. But cracks are forming as countries explore trading oil in other currencies. Chris dives into how the system works, why it matters, and what happens if it fades—from rising borrowing costs to a potential fiscal reset for America.