Curious Worldview cover image

104: John Perkins | Debt Traps & Confessions Of An Economic Hitman

Curious Worldview

00:00

The Debt Traps in Saudi Arabia

The Treasury Department convinced Saudi Arabia that it could no longer be held hostage for oil. The Saudis agreed to reinvest their petro dollars in US government securities, most of which was invested in U.S. companies. They were also told they would not sell oil for anything other than the dollar. "That's Saudi Arabia to it stand by them, keep them in power," he says.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app