25 Mar 2024
Petrodollar Collapse: The Invention, Rise and Fall of the Petrodollar

The word "petrodollar" doesn't come up as much as it did before the turn of the century. However, it's important to understand the petrodollar system because it explains how the U.S. dollar retained its global reserve currency status even after defaulting on the gold standard. The petrodollar monopoly has ended, leaving the U.S. dollar in an uncertain...