Opeck, the Organization of the Petroleum Exporting Countries

In the early seventies, under nixon, henry kissenger reportedly approached the house of sod a so arabia with an intriguing proposition. He said, we'll safeguard and support your rule over all this, along with giving you military supplies,. In return, when you sell that sweet, sweet crude oil, you sell it in us. Dollars. And this deal, for a time, worked quite well. Other opek countries made ar deals. You could tell we're getting closer to the modern day because our voices ar r changing back. N president nixon eventually took the dollar off the gold standard entirely, and refused to convert us Currency to gold.