What is the Petrodollar and Why Does It Matter

First published at 00:57 UTC on January 24th, 2018.

A discussion of what really backs the US dollar: Oil, and the Saudi agreement brokered by William Simon in 1974 to accept only dollars for their oil, and buy Treasury bonds with their excedent.

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CategoryNews & Politics
SensitivityNormal - Content that is suitable for ages 13+