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News Link • Currencies

Newsbud Exclusive- Oil on Gold: The Demise of the Ponzi Petrodollar via...


Much of the US dollar's global hegemonic status as both perennial transnational reserve currency, most common means of value storage, means of exchange and even economic weapon, is based upon a nearly half-century old collusive political arrangement made between the Nixon administration and the Saudi Arabian government involving the necessary monetary means of pricing, trading, storing and investing with energy resources – The petrodollar standard, or petrodollar recycling, for shorthand.  Said standard is increasingly under threat from various economic and political alignments globally, thereby begging significant questions not only about which institutions and old, private, hyper-wealthy families sit at the top of western political power structures, but what they're threatened by, and who or what are doing the threatening.

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