The "What is Money?" Show cover image

Demystifying the Petrodollar Scheme with Alex Gladstein (WiM082)

The "What is Money?" Show

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What Are the Arabs Going to Do With This?

Oil, which had been about two dollars a barrel for a long time, sky rocketed slike ten, 11, 12 dollars a barrel in late 73. The oil exporters had an account surplus of enty billion, up from seven billion the year before. So basically it resulted in a pieace time redistribution of global wealth on a scale that hadn't been seen in living memory.

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