U.S.-Saudi Petrodollar Pact Ends after 50 Years.
“With the expiration of a 50-year-old pact with Saudi Arabia, the U.S. dollar’s strength may have lost one of its most powerful tailwinds.”
https://www.tipranks.com/news/u-s-saudi-petrodollar-pact-ends-after-50-years
I’ve yet to see any established media outlets report the story, but then it’s not hard to imagine why they wouldn’t.
What *exactly* expired? There wasn’t an explicit contract? I haven’t seen a single article explain it. Just lots of screeching and repetition.
Which is the real driver of dollarization, petrodollar or bretton woods?
sorry for trollin. good article
