End of an Era: The Rise and Fall of the Petrodollar system

The intricate relationship between energy markets and our global financial system, can be traced back to the emergence of the petrodollar system in the 1970s, which was mainly driven by the rise of the United States as an economic and political superpower. For almost twenty years, the U.S. was the world’s only exporter of petroleum. […]

Source: End of an Era: The Rise and Fall of the Petrodollar system – Gold And Liberty

End of an Era: The Rise and Fall of the Petrodollar system