Business » Finance
Author`s name Dmitry Sudakov

The FED, the dollar, gold & the petrodollar - Comments

American history over the last 100 years has been dominated by one institution, The Federal Reserve Bank. Interestingly, to this day few Americans know what it really is or exactly what it does. In how many different ways does the US most benefit from the petrodollar? Why does Saudi Arabia sell its oil for US dollars?

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