Petro Dollar or Gold
Petro Dollar or Gold. It’s obvious something has gone wrong. In 1971 this country became a debtor nation and it has continued to this day. It’ll probably never be able to repay its debt. But two years later, in 1973 something else happened….
An episode of the Garner Isn't podcast, hosted by Ed Garner, titled "Petro Dollar or Gold" was published on February 15, 2022 and runs 29 minutes.
February 15, 2022 ·29m · Garner Isn't
Summary
Petro Dollar or Gold. It’s obvious something has gone wrong. In 1971 this country became a debtor nation and it has continued to this day. It’ll probably never be able to repay its debt. But two years later, in 1973 something else happened, the laying of the transatlantic telecommunication cable from America to Belgium. It started the SWIFT banking messaging system. By 2006 the United States weaponized that system to punish adversaries. But China and Russia created their own messaging system negating America’s sanctions.
Episode Description
Petro Dollar or Gold. It's obvious something has gone wrong. In 1971 this country became a debtor nation and it has continued to this day. It'll probably never be able to repay its debt. But two years later, in 1973 something else happened, the laying of the transatlantic telecommunication cable from America to Belgium. It started the SWIFT banking messaging system. By 2006 the United States weaponized that system to punish adversaries. But China and Russia created their own messaging system negating America's sanctions.
MUSIC Cliff Martinez, Alexander Desplat, Mario Beltrami,
Henry Jackson, John Williams