I'm arguing that just like gold pre-1971 "stabilized" the price of the US dollar, post 1971, oil is serving the same stabilization function: setting a "real wor

I'm arguing that just like gold pre-1971 "stabilized" the price of the US dollar, post 1971, oil is serving the same stabilization function: setting a "real world value" for the US dollar. > Since the agreements of 1971 and 1973, OPEC oil is exclusively quoted in US dollars. This created a permanent demand for dollars on the international exchange markets.[0] [0] https://en.wikipedia.org/wiki/Petrocurrency https://en.wikipedia.org/wiki/Petrocurrency