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Transcript

OIL SHOCK: Why This Energy Crisis Changes Everything for Crypto Investors 🛢️⚠️ · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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  Hopefully I'll be teaching you something about the overall big
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  economy and something very scary potentially that's going on
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  right now. And that's the price of oil.
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  And there's a big reason why you want to pay attention to the
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  price of oil, and I'm going to share that with you in one Oil.
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  This comes from Yahoo Finance. This is crude oil as of April
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  20. OK, so this is the crude oil
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  April contract, $85 per barrel. There's a reason why that's
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  important and I didn't realize this until just a few years ago,
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  but this is a 30 day chart, I believe.
• 0:37
  Yeah, 30 day chart of oil. And guys, look at this in the
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  last, obviously because of what happened in the Gulf, but we
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  were down at like $62.00 oil, even $65 oil.
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  And over the last few days, the oil price has exploded from $65
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  all the way to $85. That's like a 33% increase in
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  the price of oil. Now why is that important?
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  And you say why, why? Why is Ron talking about oil in
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  the Unicorn fart stream? Well, because oil is the
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  lifeblood of the world economy. There is nothing more important.
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  Well, maybe the Federal Reserve, but at But oil is as important
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  as anything to the world economy.
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  It is literally if the world economy was your body.
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  Oil is the blood that gets pumped through the body.
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  It is everything. It is like the most by far the
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  most highly traded commodity in the world.