Petro-dollar

Concept

The system where Saudi Arabia agreed to sell its oil only in US dollars after the Nixon Shock, making the US dollar systemically important as the global reserve currency.

Mentioned in 1 video

Videos Mentioning Petro-dollar

The Man Who Predicted the Iran War 2 Years Ago Says We're Already in Phase Two — And There's No Exit

The Man Who Predicted the Iran War 2 Years Ago Says We're Already in Phase Two — And There's No Exit

Tom Bilyeu

The system where Saudi Arabia agreed to sell its oil only in US dollars after the Nixon Shock, making the US dollar systemically important as the global reserve currency.