Bob Moriarty: This Would Mean Catastrophe For Financial System

Liberty and Finance, Released on 11/1/23

An oil embargo would be catastrophic for the financial system, says Bob Moriarty, marine, naval aviator, and financial author. The oil price spiking could collapse the banking system and send commodity prices soaring. While an oil embargo would be devastating, WWIII would be a lot worse, he says. He suggests having spare food, fuel and cash. He also says now would be a good time to get right with God.

0:00 Intro
3:06 Oil embargo
8:39 Land or gold
11:20 Gold-backed system
12:46 Debt jubilee
14:52 Brokerage account bail-ins
15:53 Preparedness
16:50 Tax-loss selling
18:50 Hyperinflation
21:30 Fax story
23:10 Moriarty online
23:50 Miles Franklin

Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 international aviation records. He is the author of Nobody Knows Anything and Basic Investing in Resource Stocks.

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