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The Petrodollar System — How Oil Built Dollar Dominance
Since 1974, oil has been priced in dollars. This arrangement — the petrodollar system — has underpinned U.S. dollar dominance for 50 years. Here's how it was built, how it works, and whether it's beginning to crack.
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◉ View📖 StandardUnderstandingGovernment & Fiscal Policy › Fiscal Policy
Financial Warfare vs. Kinetic War
Sanctions, asset freezes, and financial isolation have become primary tools of geopolitical conflict. When financial warfare works, it can achieve strategic objectives without a shot fired. When it doesn't, it reveals the limits of economic coercion.
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