Henry Kissinger’s plan was called the Petrodollar. The US would - TopicsExpress

Henry Kissinger’s plan was called the Petrodollar. The US would protect the Saudis and the Gulf oil states. In exchange for protection, the Arabs agreed to price oil only in dollars and to buy US Treasury bonds. This enabled America to run perpetual budget deficits. The Arabs also bought stocks which made the US balance of trade deficit look better than it was. This allowed the Federal Reserve’s Printing Press to continue Wall Street’s Empire of Debt policy..youtu.be/mgy24qRAagA

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