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Petrodollar deal with Saudi Arabia has expired: What will be the consequences?
by Leo Hohmann, Leo Hohmann: The U.S. standard of living has been artificially boosted by the dollar’s status as the global reserve currency, but what happens as that status crumbles? The 50-year-old petrodollar agreement between the U.S. and Saudi Arabia has been allowed to expire, according to multiple news reports. The so-called petrodollar refers to […]
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