There is not a single evidence that this happened. So there were disagreements between secretary kissenger and the sadis. And the c i a was involved, or they made a pack to price oil in dar until to day, it's a myth. No one vasically showed any proof, even kissenger, in his memoirs and all the biographies and thi staff, there is nothing. But my explanation to that is the following. When all prices quadrupled in 19 74, after the embargo and after the production cat those countries were awash with money, all dollars. The inflation was very high. Real interest rate was very low. There was no incentive for the soud
MacroVoices Erik Townsend and Patrick Ceresna welcome Dr. Anas Alhajji to the show to discuss the role of the petrodollar system and what the implications would be if other nations settled oil trades in currencies other than the USD. They also discuss the Russian crude price cap proposal and why it can’t possibly work. https://bit.ly/3QDd8IU
Download Big Picture Trading chartbook 📈📉https://bit.ly/3x9ZjuB
✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/2JjZR7J
Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials