Accounting and Auditing Organization for Islamic Financial Institutions - AAOIFI

Finance allah shmoop what are petro dollars Well they're just

money received from the mining of this guy's blood and

guts because yeah oil that's where it comes from yesterday's

stegosaurus is today's refined petroleum and we're talking about a

massive amount of dollars here like you could call them

master dollars or t rex a dollars or try sarah

dollars big wealth in the nineteen seventies came from the

petro era in the same way that it's led today

by amazon facebook and google When oil prices suddenly spiked

in the seventies the people who won well they were

the ones who had massive oceans of it underground We're

looking atyou saudi arabia and you texas and in times

when there is so much money coming into a system

with a shock well the economic driver of that wealth

becomes a kind of currency itself In fact china's made

all kinds of noise about making their currency now and

oil standard upgrading from the old gold silver and bronze

medal of shame standard that western civilization well he used

to hold so dear petro dollars petro wealth were still

feeling it and weigh no that that makes this guy

Happy at least if you're happy and you know it 00:01:18.389 --> [endTime] never moved