The End of the Petrodollar? Andy Schectman Warns of Potential Total Financial Collapse in the U.S.

The term “petrodollar” refers to the practice of pricing and trading oil in U.S. dollars. This system began in the early 1970s when the U.S. made an agreement with Saudi Arabia to price all of its oil sales in U.S. dollars. In return, the U.S. provided military and economic support to Saudi Arabia. This agreement […] source: https://www.cryptoglobe.com/latest/2024/07/the-end-of-the-petrodollar-andy-schectman-warns-of-potential-total-financial-collapse-in-the-u-s/