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104: John Perkins | Debt Traps & Confessions Of An Economic Hitman
Curious Worldview Podcast
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.
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