Post by Age of Abundance
In 1971 we cut the dollar loose from gold. The link to anything real was gone. So we built a new one: Saudis priced oil only in dollars, and the US enforced it. Leaders who tried other currencies got…
In 1971 we cut the dollar loose from gold. The link to anything real was gone. So we built a new one: Saudis priced oil only in dollars, and the US enforced it. Leaders who tried other currencies got…