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arts / rec.arts.tv / Re: Saudi Arabia and the US petro-dollar

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o Re: Saudi Arabia and the US petro-dollarchromebook test

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Re: Saudi Arabia and the US petro-dollar

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Subject: Re: Saudi Arabia and the US petro-dollar
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 by: chromebook test - Mon, 27 Mar 2023 12:42 UTC

On Sunday, October 14, 2018 at 8:24:17 PM UTC-4, thinbl...@gmail.com wrote:
> Saudi Arabia and the US petro-dollar
>
>
>
>
> ◙ Background:
>
> The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.

Fareed Zakaria
@FareedZakaria
If the US dollar's global supremacy erodes, America will face a reckoning like none before.

My take:
2:30 PM · Mar 26, 2023

https://twitter.com/FareedZakaria/status/1640058728752840707

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