This Country Priced Oil in Dollars — And Controlled Global Money

Описание: Fintory breaks down the hidden mechanics of global money, power, and geopolitics through cause-and-effect storytelling. From the petrodollar and interest rates to sanctions, debt, and currency shifts, each video traces how one decision can trigger worldwide financial chain reactions.

In the 1970s, one decision changed the global financial system forever.
Oil, the world’s most critical commodity, was priced in dollars — and that single move created a chain reaction across trade, reserves, and capital flows.

This is the story of how oil became the foundation of dollar dominance, why countries needed dollars to buy energy, and how that demand turned one currency into the backbone of global finance.

We break down the hidden mechanism behind the petrodollar system, how it reshaped central bank reserves, and why it gave one country unmatched financial leverage over global trade.

From energy markets to foreign exchange, this video explains the real transmission channel:
oil pricing → dollar demand → reserve accumulation → capital flows → global dependency.

And this system didn’t just change trade — it changed geopolitics, sanctions power, and the structure of the international monetary order.

In the next episode, we look at how interest rate decisions pull global capital back into one economy and trigger currency crises around the world.