Changes

::From 1945 until 1967, the U.S. had a trade surplus, largely due to the [[Marshall Plan]]; from 1967 onwards the U.S. became a debtor nation with a [[trade deficit]], largely due to oil imports. It ain't rocket science.  [[User:RobSmith|RobS]]^{[[User talk:RobSmith|De Plorabus Unum]]} 11:38, 25 February 2020 (EST)

::From 1945 until 1967, the U.S. had a trade surplus, largely due to the [[Marshall Plan]]; from 1967 onwards the U.S. became a debtor nation with a [[trade deficit]], largely due to oil imports. It ain't rocket science.  [[User:RobSmith|RobS]]^{[[User talk:RobSmith|De Plorabus Unum]]} 11:38, 25 February 2020 (EST)

::Today Saudi Arabia uses its petrodollars to purchase defense contracts, rather than exchange them for U.S. gold reserves. For example, rebuilding the oil refinery destroyed by Iranian drones a few months ago requires a new early detection radar system to identify a mass drone attack, coupled with a missle defense system to shoot down swarms of low-flying drones - the latest in defense technology. This is paid for with petrodollars. [[User:RobSmith|RobS]]^{[[User talk:RobSmith|De Plorabus Unum]]} 11:46, 25 February 2020 (EST)

::Today Saudi Arabia uses its petrodollars to purchase defense contracts, rather than exchange them for U.S. gold reserves. For example, rebuilding the oil refinery destroyed by Iranian drones a few months ago requires a new early detection radar system to identify a massed, low-flying drone attack, coupled with a missile defense system to shoot down swarms of low-flying drones - the latest in defense technology. This is paid for with petrodollars. [[User:RobSmith|RobS]]^{[[User talk:RobSmith|De Plorabus Unum]]} 11:46, 25 February 2020 (EST)