America’s Domination of the World With Saudi Arabia’s Help - The Petrodollar Story

How does America control the world economy? What facilitated America's domination of the world?

Saudi Arabia's and American

In order for us to understand the reality of the American hegemony over the world trade markets, we have to go back in time, specifically in 1943, when the United States of America held a conference that included most of the countries controlling the Second World War at that time and indicated to them that they are the least affected by the war as they are geographically far away from the areas of tension and economically and militarily strong and I proposed a solution in which the countries of Europe would go beyond the risk of bankruptcy, which would link these countries with their weak currencies to the US dollar, so that it would become the single and comprehensive currency in which trade deals would be completed, while European countries would not be bankrupted, as no dollar paper was printed. My only price is that it has gold, which means forcing these countries to deposit their gold reserves in American banks in order to complete the exchange process.

This idea met with great welcome from most of the countries of Europe, and they began working on it for 12 years, completely and completely, until reaching the year 1955, the year of the outbreak of the Vietnam War, and it was not in America’s account that this war would be like a fire that devoured firewood. The American military forces clashed with the most dangerous war strategies in That time, however, America did not retract its plan, but spent twice and twice its military budget in this losing war, as it was continuously supplying equipment, supplies, weapons, and soldiers, and its losses were great.
This war was a nightmare for America, and it continued for 18 years, meaning until 1973, when the US government was forced to print dollars publicly without having any value in gold.

It was an economically fatal step and it was sufficient for the collapse of America’s economy, but the French government discovered what happened internally with America and demanded the return of its gold deposited in American banks, to restore America what was worth dollars and this is permissible according to the agreement concluded from the beginning, but America’s response was rude when the president announced In 1971, the American Richard Wickson announced that the dollar was completely disconnected from gold. Thus, no country who entered into the partnership agreement has the right to demand the return of their gold.
This step was a shock to Europe. America defeated everyone and their alternative plan was no less than vicious than its predecessor. Before the affected European countries resorted to the search for a strong alternative currency, the United States of America issued a partnership agreement with the Gulf countries and changed the link of the dollar with yellow gold with other gold except It is black gold or petroleum.

 Saudi Arabia's role in making the American plan a success?
After the United States of America made a deal to link the dollar to Saudi oil with the Kingdom of Saudi Arabia, I mean any country in the world that wants to buy oil from Saudi Arabia must first buy dollars from an American in order for exchanges with Saudi Arabia to take place. For its part, Saudi Arabia, after earning it for dollars, will deposit that money with American banks in exchange for that. America is protecting Saudi Arabia and the ruling family, and when reducing the percentage of oil or oil production from Saudi Arabia, its price was then quadrupled, that is, from $ 3 a barrel to $ 12 a barrel of oil.This strategy was generalized to all OPEC or opec countries. Which includes Algeria, Libya, the Emirates, Kuwait, Iran, and some of the African countries at that time, I mean, these countries became obliged to sell their oil or oil at the price determined by Saudi Arabia and the common currency, i.e. the dollar, and from there the term petrodollar appeared, and America was able to boost its economy with the help of Saudi Arabia by reviving its banks With imports of oil selling income from any country in the world, of course America revived the economy of Israel and granted it lucrative trade exchanges with Saudi Arabia and entered the global markets strongly until it became supplied with its needs of oil publicly from Saudi Arabia until the leader of a state decided to sell Fattah or oil of his country in another currency, namely the euro, it suffices to put his name to know his fate, "Saddam Hussein" as Iraq was at that time one of the most oil-producing countries, meaning not to deal with the dollar in its markets negatively affects the dollar and the economy of America and also Iran, which decided to sell oil in the Chinese currency In the interest of China, Japan, Russia, and some West Asian countries, it suffices to recall the sanctions imposed on them and the obstacles that they were subjected to, and then "Muammar Gaddafi" who gathered some countries from Africa and decided to create a unified currency of gold through which you can African countries from selling their wealth to Europe and the countries of Western Asia to revive their economies and prevent the plunder and theft to which these African countries rich in natural resources and poor people are exposed to on the standard of living suffice to say that that president who initiated these idea that no one knows where this is buried, even if He was honored and buried, and his body was not presented to birds and animals.