Petrodollars served America’s governments well for more than 25 years, until other governments—and madmen—saw chances to rebel or conquer the world.
Petrodollars drive American political indulgence and provoke war and terrorism. But few living today remember how petrodollars started.
Gold might once again become the standard of value for the US dollar. Only that can stop the dollar from becoming worthless.
In his speech on April 30th, President Obama expressed his opposition to oil and gas company tax subsidies. He said, I do have a problem with...