6min chapter

The Theology Pugcast cover image

Thank God for Bitcoin?

The Theology Pugcast

CHAPTER

The Petrodollar Paradox

This chapter explores the foundational role of the petrodollar in the U.S. economy and foreign policy, tracing its historical roots from Nixon's agreements to recent shifts in finance. It examines the implications of the 'Nixon shock' and the resulting reliance on the dollar, highlighting the intricate dynamics of international currency and ethical dilemmas.

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