Prophetic Words From a 70s Rock Band

For those of you old enough to remember The Doobie Brothers, you may remember some of their prophetic words.

I’m referring to their fourth album titled “What Were Once Vices are Now Habits.”

The album title reflected the changing lifestyle from the Hippie movement of the 1960s. (Peace, Love, Sex, Drugs and Rock ‘n Roll, etc.)

Ironically (or NOT) by 1974 the “vices” of the 60s became habits for the young Hipsters, who, as fate would have it, are many of today’s leaders.

Unfortunately, these “leaders” didn’t learn much from that era.

Because back then we had the Arab Oil Embargo that began in 1973.

It crippled many petroleum-based industries and sent us into a deep recession.

And the embargo targeted nations that were perceived as supporting Israel during the Yom Kippur War.

It eventually led to the US cutting a deal with the Saudis (via Henry “Heinz” Kissinger) to sell all their oil in dollars.

And it was the genesis of the “Petro-Dollar.”

It was also the launchpad of the vice of corruption among the oil producing countries and the US.

Translation:  If you wanted oil, you had to pay in dollars.

Period

50 years later, the habits of corruption have peaked.

Massive changes in the oil industry continue to shake up the status quo…and they seem to be flying “under the radar.”

I’m referring to the Saudi’s transition from selling oil in dollars to cutting deals with China, Russia and Iran to sell oil in Yuan, Rubles and Rials.  **

(** Note: The last two countries that tried to sell their oil “outside of the dollar” were Iraq and Libya…and we know what happened to them)

Prophetic Words

They’re also negotiating the sale of oil in gold.

(Another good reason to own some gold.)

And as much as the US thinks they can stop this trend…they simply can’t stop it.

But YOU can profit from it.

Learn how in our April issue of “…In Plain English to learn more (HERE).

Otherwise, you may end up like another Doobie Brothers song “What a Fool Believes.”

Share this with a friend…especially if they’re a Boomer and remember The Doobie Brothers.

Remember: We’re Not Just About Finance

But we use finance to give you hope.

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