Saturday 22 February 2014

Petrodollar

Saudi Arabia and other middle eastern countries trade in and prop up the dollars for there oil. In turn America buys there oil and then with the the dollars given to them they buy American weapons and  allow a continued military presence in the region.  Since the end of the  gold  standard America has backed there currency  with oil but  now the oil is running out  counties in the middle east  are turning away for America and ending the global supremacy.  

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