The US Government has a problem with its currency. The dollar was once redeemable at a fixed price ($35) for gold. But since 1971, which precipitated the first Great Oil Crisis, it’s been a faith-based fiat currency, something called the petrodollar. Essentially, the Saudis promised to accept only dollars for their oil in exchange for military protection. But now it seems that being a US ally not only doesn’t yield safety, but can turn your country into a missile magnet.
