The Death of the Petrodollar System And What Comes Next
by Philip Galebach ~nilrun-mardux
Overview
The world economic system that the US has dominated since WWII, first through Bretton Woods I (US run gold exchange window for nations from 1944–1971) and then Bretton Woods II (a petrodollar system with US Treasury Bonds (USTs) as the world reserve from 1973–2022) is ripping at the seams. The cornerstones of the petrodollar system, stable USTs’…
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