The Exorbitant Privilege of the United States

In the 19 seventies, what precipitated that was the oil crisis, wheit alwas te twin oil shops of the embargo in 19 73, and then the iranian revolution in 19 79. And they dis a negbor com, kind of the lender, the private sector lender, to all these countries that need to pay for their oil imports. So this is really where the dollar dominance in commodities is so import and then you have city bank who's essentially sitting on tons of money from soudi arabia but also other petro states as well. The chair of the federal reserve, arthur burn starts to freek outright? Because if these countries start defaulting on their