Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business cover image

4 Signs the U.S. Dollar May Be Toast

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

CHAPTER

What Has Made the Dollar the World Reserve Currency Ever Since?

In 1971, Nixon cut off the link to gold. Henry Kissinger made a promise to Saudi Arabia that no one would ever mess with them. Since 1974, every single country on the planet has had to own dollars in order to buy oil. It is the protection of the Saudi kingdom and by default, the relationship with OPEC that has enabled the dollar to be the world reserve currency.

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