Petrodollar

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Morning JAVA: The End Of The 'Petrodollar'!

20 Jun 2024 6 minute read 0 comments SweptOverNiagara

The End Of An Era! 50 years ago, the U.S. government, through Secretary of State Henry Kissinger, signed a pact with Saudi Arabia that would see the Saudis sell their oil in exchange for ONLY U.S. dollars. Why? In August 1971, President Nixon decoup...