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Cheers. In 1974, Richard Nixon sent his Treasury Secretary William Simon to Jedda in Saudi Arabia

to negotiate a deal which, simply put, was vital to both America's economic prosperity

and also to curtail the advance of the Soviet Union

into the Middle East.

The deal on offer was a simple one, but the ramifications would ripple through the world

and shape the post-Bretan Wood Sorder from that day to this.

Simon was charged with offering the Saudi's military aid and equipment as well as an implicit

security guarantee. In return, America wanted one thing for the Saudis to price their oil

exports exclusively in US dollars. Striking that agreement would mean that not only

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