USA - Kissinger - forced / coerced the Saudi's to only accept USD for purchasing crude oil - hence the "petro-dollar". USA used the military to force other countries to not abandon the "petro-dollar" principle.
You are viewing a single comment's thread from:
@freedomshift I respect your knowledge of history. I am familiar with the Nixon shock. Notice that time stamped correction that I made almost immediately after I accidentally said the gold standard started when Nixon ended it.