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The death of the petrodollar: What really happened between the US and Saudis?
Link: https://www.rt.com/business/599637-us-dollar-oil-deal/
The petrodollar has entered a long twilight from which there will be no return. No other economic arrangement has done more to ensure American preeminence over the last half-century. Yet in its essence it represented an implicit oil backing to the dollar that would be maintained. To borrow an idea originally expressed by financial analyst Luke Gromen, it is ultimately America’s inability and unwillingness to maintain this backing that is gradually dooming the system.
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The End of Everything: How Wars Descend into Annihilation
“In The End of Everything, Hanson tells compelling and harrowing stories of how civilizations perished. He helps us consider contemporary affairs in light of that history, think about the unthinkable, and recognize the urgency of trying to prevent our own demise.” — H. R. McMaster, author of Battlegrounds. From Troy to Hiroshima, moments when war has ended in utter annihilation have reverberated through the centuries, signaling the end of political systems, cultures, and epochs. Modern societies are not immune from the horror of a war of extinction. Hanson delivers a sobering call to contemporary readers to heed the lessons of obliteration lest we blunder into catastrophe once again.
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