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Alex Gladstein: "Debt Colonialism, The Petrodollar, and Bitcoin"

The Great Simplification with Nate Hagens

CHAPTER

The Petri Dollar and the Euro Dollar

The petri dollar is really important, especially in the 70s. I mean, the dollar was collapsing. The British pound still accounted for like a sizable amount of petroleum trade after it basically went to zero. So you have to know that there's two things happening here. One is a free market interest in having the dollar. But the other one is a political design and they're both important. They're both key for what we're about to get to.

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