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Actually, look at the deal Kissinger cut with the Saudis in the early 1970s, creating the petrodollar system: the US dollar became the world's reserve currency
by jkepler 4y ago
Actually, look at the deal Kissinger cut with the Saudis in the early 1970s, creating the petrodollar system: the US dollar became the world's reserve currency because the Saudis agreed to only accept dollars in exchange for oil.
The costs of the US 7th fleet in the Gulf and the entire military industrial complex behind it are what backs the global strength of the US dollar.
https://bitcoinmagazine.com/culture/the-hidden-costs-of-the-petrodollar https://bitcoinmagazine.com/culture/the-hidden-costs-of-the-...