The US Dollar and Energy
In the 1970s, under Presidents Nixon and Ford, the U.S. made a deal with Saudi Arabia. The U.S. would protect Saudi Arabia, and Saudi Arabia would make sure oil was sold in dollars.
This meant the world needed dollars since every country on the planet needed oil to keep their economies from grinding to a halt.
Many dollar supporters don’t see Saudi Arabia’s growing ties with China, improved relations with Iran, and openness to trade in other currencies directly threatening the U.S. dollar.
Read full article: https://twitter.com/goldtelegraph_/status/1678863290313613313?s=46
Exactly! JIM Rickards wrote an article in Daily Reckoning some weeks ago, to watch for August 22, when BRICS meets, and effect on the dollar. I think I had posted here.. I’m too tired to look up link, my cat has settled down some so going to try to rest a little. Every inch of my body hurts.