Ztrader Macro Research Why Oil Settlement Does Not Determine Monetary Power Core Thesis: The global monetary order is determined by funding markets, not commodity invoicing. Core Macro Formula Dollar Liquidity Dominance → Global Funding Dependence → Collateral System Centrality → Crisis Liquidity Provision → Reserve Currency Persistence Not: Oil Pricing → Dollar Dominance That model belongs to the 1970s. We now live in a balance sheet regime. The Structural Misunderstanding Most petrodollar collapse narratives assume: Commodity settlement drives monetary hierarchy. Reality: Financial plumbing determines monetary hierarchy. Modern monetary power is determined by three layers: Trade Layer Invoice currency Funding
本月免费剩余 1/3
Ask ZChat · save an investment note
The Petrodollar Narrative vs the Dollar Liquidity Regime
Macro Why Oil Settlement Does Not Determine Monetary Power Core Thesis: The global monetary order is determined by funding markets, not commodity invoicing.
Further reading
- FED RESEARCHEquity Risk Premium Turns Negative as 10-Year Yield Hits 5.28%S&P 500 forward earnings yield (5.26%) now trails the 10-year Treasury (5.28%) because rates rose faster than earnings estimates.
- FED RESEARCHMACRO RESET BEGINS AT THE STRAIT: HORMUZ CLOSURE, INFLATION SHOCK, FED PIVOTZTrader.AI Research · Macro Intelligence · June 6, 2026 MACRO RESET BEGINS AT THE STRAIT Hormuz Closure · Inflation Shock · Fed Pivo
- FED RESEARCHFed's 25bp Cut Won’t Save This EconomyHere's why a 25bps cut wont save US economy
- FED RESEARCHThe Private Credit Time Bomb and the Fed’s Liquidity TrapFed can not risks cut any further... and thats the new status quo.
- FED RESEARCHThe Great Divide of Fed : On October Rate CutHeres why October's Fed Meeting is in absolute chaos
- FED RESEARCHThe Long Shadow of Japan’s Monetary ExperimentHere's everything you need to know about the history of Japanese Monetary Policy