GREY:VMSTF - Post by User
Post by
axegirl1on Jan 13, 2016 12:38pm
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Post# 24454235
EXCELLENT ARTICLE TO READ
EXCELLENT ARTICLE TO READ
https://www.internationalman.com/articles/ron-paul-says-to-watch-the-petrodollar (Google Article for an Excellent read (Ron Paul Says to watch the Petrodollar, International Man-Casey Research) This explains what is happening in the world with Saudia Arabia/Iran and the Price of oil. " The Petrodollar System From 1972 to 1974, the U.S. government made a series of agreements with Saudi Arabia. These agreements created the petrodollar system. The U.S. government chose Saudi Arabia because of its vast petroleum reserves, its dominant position in OPEC, and the (correct) perception that the Saudi royal family was corruptible. In essence, the petrodollar system was an agreement that the U.S. would guarantee the survival of the House of Saud. In exchange, Saudi Arabia would: Use its dominant position in OPEC to ensure that all oil transactions would happen in U.S. dollars. Invest a large amount of its dollars from oil revenue in U.S. Treasury securities and use the interest payments from those securities to pay U.S. companies to modernize the infrastructure of Saudi Arabia. Guarantee the price of oil within limits acceptable to the U.S. and prevent another oil embargo by other OPEC members.