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US Economic Imperialism and the Petro Dollar System
Exploring the pivotal moment in US economic imperialism with Saudi Arabia, the chapter outlines the establishment of the petro dollar system, the oil embargo, and negotiations for Saudi investment in US Treasuries. It analyzes the implications on US-Saudi relations, global economics, and the dynamic of net producers versus net consumers. The conversation also touches on challenges like negative yielding debt, interest rates, and the role of Bitcoin in challenging economic imperialism.