You might find this an interesting read My View of the Nixon Shock. Iraq would be lynchpin if they would upset the balance of the petro-dollar agreeement, which was essentially the middle east selling their oil for dollars in exchange for military security in the region.
Some of it is over my head, but other parts are definitely explaining some things I’ve missed in my interpretation of the mechanics of the last 30 years and further back.
That makes me happy you enjoyed it! A lot of concepts flew over my head as well -my Dad has a very deep understanding of the paper gold story and discussing how the BIS operates so I got a lot of help from him but it's still something I come back to and reread over.
You might find this an interesting read My View of the Nixon Shock. Iraq would be lynchpin if they would upset the balance of the petro-dollar agreeement, which was essentially the middle east selling their oil for dollars in exchange for military security in the region.
That article is incredible, thanks!
Some of it is over my head, but other parts are definitely explaining some things I’ve missed in my interpretation of the mechanics of the last 30 years and further back.
That makes me happy you enjoyed it! A lot of concepts flew over my head as well -my Dad has a very deep understanding of the paper gold story and discussing how the BIS operates so I got a lot of help from him but it's still something I come back to and reread over.