‘Like most U.S. presidents, Nixon had controversial policies, as with the secret bombing of Laos and Cambodia, which coerced the North Vietnamese to the aforementioned peace accords. All things being equal, perhaps history will one day remember him as the…
‘In the end, the USD’s centrality to the system of global payments also increases the power of sanctions it imposes on other countries or individuals. In truth, since almost all trade is done in American dollars, even trade among other…
The petrodollar system, as can be seen, is the backbone of US hegemony in the world. And whenever a world leader has seriously challenged the system, the US and its NATO allies have been swift to respond to ensure US…
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