Jack and the Beanstalk: Cutting the Petrodollar and the Need for Solar in San Antonio!
- Jan 15, 2023 9:27 pm GMT
As the giant in Jack and the Beanstalk towers over the small town below, the United States has long stood tall as the leader of the global economy. However, just as Jack threatened to chop down the beanstalk and end the giant's reign, China is now making moves to undermine the foundation of the American economy - the Petrodollar.
The Petrodollar, much like the beanstalk, has been the support system for the US economy since the 1970s. It is the agreement between oil-producing countries to trade oil exclusively in US dollars, solidifying the dollar as the premier currency in the world. But, just as Jack set out to climb the beanstalk, China is now climbing the Petrodollar by making deals with countries like Saudi Arabia to trade oil in Chinese Yuan instead of US dollars.
The potential fall of the Petrodollar could be devastating for the United States economy, much like how the collapse of the beanstalk would be a catastrophe for the small town below. One of the major concerns is the prospect of hyperinflation, which can lead to skyrocketing prices and a decrease in the purchasing power of the average person. This is similar to how the small town below would be left in economic ruin if the beanstalk were to fall. The US has been borrowing and printing money at an alarming rate, far surpassing that of the Weimar Republic, which ultimately led to hyperinflation and the rise of Hitler in Germany.
It is crucial for us to learn from history and take necessary actions to prevent a similar outcome in the United States. The fall of the Petrodollar could trigger a domino effect, leading to a spiral of economic instability and widespread financial hardship. It is important for individuals, especially homeowners in San Antonio, to consider going solar as a way to prepare for potential rate hikes and protect themselves from the potential fall of the Petrodollar.
As the giant trembles at the thought of the beanstalk being cut down, homeowners in San Antonio should take note of this potential threat to cheap energy and consider going solar. By installing solar panels on their homes, they can lock in a flat energy payment for 20 years and avoid the potential for rising electricity prices, much like the town below would be able to rebuild and prosper without the giant.
It’s important to start looking at quotes from solar installers and take action before it’s too late, just as Jack needed to act quickly to chop down the beanstalk before the giant could react.
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