Petro-dollar
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.
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Videos Mentioning Petro-dollar
Global Meet-Up #7 (Toronto): The Rupture
Predictive History
A system where Saudi Arabia sells cheap energy for US dollars, which are then reinvested into the US economy, driving innovation but also debt.
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.
BREAKING: State Department Issues Urgent Warning on Iran
Tom Bilyeu
The system that has continued to give the US its role as a reserve currency post-Bretton Woods, and Saudi Arabia's potential move away from it was a significant rumor.