This absolutely is one of the most bullish indicators. The algorithmic manipulation, suppressing the price, while all the magic happens behind closed doors.@RIFT_589 this ties in with that guys other video who is speaking to this being one of the main reasons, the price would never maturely appreciate.
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The Bretton-Woods petrodollar system?
No such thing.
Bretton-Woods established gold-backed US dollar as world reserve currency.
Then in 1972, Nixon closed the gold window and effectively ended the Bretton-Woods gold standard.
An agreement with Saudi Arabia established that all oil sales globally would be denominated in US Dollars (now backed by debt). That is the definition of "petrodollar".
The death of Bretton-Woods as largely in 1972, the petrodollar officially ended in 2022 when the 50-year statute of limitations on the agreement ended.
What we are living through, more accurately, is the death of debt-based currencies globally, a monetary reset, and a financial revolution.