2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran - Yahoo Finance

2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran - Yahoo Finance
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The gold standard may have ended in the early 1970s, but something else quietly took its place for the next 50 years: oil. The so-called  petrodollar system wasnt well understood for most of this tim… [+9291 chars]

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