Barrels to Bytes
AI infrastructure and stablecoins are creating a modern petrodollar system
"No paid edition this week—here’s why.
I’ve been working with Marieke Flament, including rebranding the former "Euro Stable Watch" into "Currency of Power", our new platform tracking how money, code, and global power are being rewritten. To mark the launch, the inaugural edition is free for all, and I’m cross-posting it today as this week’s "Drift Signal".
This edition presents a strong thesis connecting GPU scarcity, AI infrastructure, stablecoins, and US Treasury demand—showing how digital infrastructure is becoming the new foundation for dollar dominance.
If you want to follow our work and explore these shifts, consider subscribing to "Currency of Power"."
The dominance of the US dollar has long relied on structural demand tied to scarce and essential commodities. In the 1970s, oil fulfilled that role. The petrodollar system—where Saudi and other OPEC oil exports were priced in dollars and recycled into US Treasuries—created a self-reinforcing global need for the US currency, underpinning American fiscal …
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