The Petrodollar: The Deal That Changed The World | Part 1

Discover the secret arrangement that saved the US dollar and reshaped the global economy for 50 years. In 1971, the world’s financial anchor snapped when Richard Nixon ended the gold standard. Facing economic chaos and a skyrocketing oil crisis, a secret 1974 deal between Henry Kissinger and the Saudi royal family created a new world order: the Petrodollar system.We trace the history of modern money from the 1944 Bretton Woods conference to the “Nixon Shock,” revealing how America replaced gold with oil to maintain its status as the world’s reserve currency. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit rejil.substack.com