The Petro-Dollar’s Shaky Future

August 30, 2023

by Christopher LaBorde GoldSeek

In late 1973 a deal was struck between the US and The Kingdom of Saudi Arabia that changed the future of both nations and the U.S. dollar for the next 50 years. The importance of the deal has been downplayed, and the Biden administration’s near destruction of this deal has almost been outright ignored. However, I have had a front row seat to the sentiment changes I am writing about, and I recommend that the reader consider this political game a concerning matter for the long-term stability of the U.S. dollar. In summary, it appears that the Kingdom of Saudi Arabia is open for new alliances outside of the US that would have never been considered before this time.