Block, Siteadmin, SkipCaptcha, Upload, Automoderated users, delete, edit, move, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, protect, rollback, Administrators, template
295,435
edits
Changes
Jump to navigation
Jump to search
Line 1:
Line 1: + +
no edit summary
The '''Petrodollar''' refers to [[U.S. Dollar]]s (USD) originally received by [[oil]]-exporting countries for their [[crude oil]] exports. The term emerged in the 1970s when oil prices surged, leading to significant revenues for these nations. Today it refers to all US Dollar denominated assets and currency outside the [[United States]].
The '''Petrodollar''' refers to [[U.S. Dollar]]s (USD) originally received by [[oil]]-exporting countries for their [[crude oil]] exports. The term emerged in the 1970s when oil prices surged, leading to significant revenues for these nations. Today it refers to all US Dollar denominated assets and currency outside the [[United States]].
In the modern world the petrodollar system essentially [[export]]s [[US]] [[inflation]] and [[economic]] problems while simultaneously plundering the rest of the [[planet]] of its natural resources and manufactured goods.
==Origins==
==Origins==