Demystifying the Petrodollar Scheme with Alex Gladstein (WiM082)
The "What is Money?" Show
00:00
Iraqi Oil
The war toqote n post invasion, may two thousand. Three weeks before irax switched back to selling oil and dollars,. howard fineman wrote in news week that the europeans were debating the u. N over whether or not to searching for w m ds That they could not find. He reported that the real dispute was not about w m Ds at all. Who gets to sell and buy irake oil, and what form of currency will be used to denominate the value of the sales? I i mean, this is hidden in plain sight meit's that, you know, if we consider currency as the most common instrument of channelling this monetary
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