Petro-Dollar Recycling (2.3.2010)

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Uploaded by on Feb 28, 2010

Conspiracy-ish video over the petrodollar. Kissinger's agreement with OPEC detailed US protection and funding for infrastructure, regime protection, and military assistance for OPEC nations if they agreed to only receive payment for Oil in dollars. In return, OPEC was to purchase T-bills with a percentage (in 1971 it was 20%) of the dollars it received from its sale of oil. This cycle, from which the US prints IOU's which countries need to purchase oil which ultimately return to OPEC and are kept at the Fed is the concept of the petrodollar.

Posted by Ken de Silva

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News & Politics

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  • sell oil in gold and silver, now that's a killer!

  • thats the main reason that isreal and america did 911 and demolished world trade center one two and building seven . to have a reason to attack iraq

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