The Petrodollar system didn’t collapse overnight — it was dismantled quietly, deal by deal, behind closed doors. In this Money History episode, we reveal the secret 1974 agreement between the United States and Saudi Arabia that gave America an unlimited credit card — and how its silent breakdown is now reshaping the global financial order.
Through the lens of Money History, we trace how the Nixon Shock, the end of the gold standard, and the creation of the Petrodollar allowed the U.S. to export inflation, run endless deficits, and live far beyond its means for over fifty years. This was not economic strength — it was financial engineering.
This Money History breakdown explains why Saudi Arabia’s 2023 oil trade with China settled in Yuan was not symbolic, but structural. It marked the end of dollar monopoly pricing, the rise of currency optionality, and the beginning of a slow but irreversible erosion of American monetary power.
In this Money History case study, we expose the real data behind dollar decline: collapsing reserve share, historic central bank gold accumulation, the rise of non-dollar payment systems, and the weaponization of the U.S. Dollar that forced nations to build financial escape routes.
This Money History investigation shows why the death of the Petrodollar is not about geopolitics — it is about math. When a debt-based empire loses its monetary shield, inflation comes home, interest rates rise, and living standards are permanently repriced. The Free Ride is over.
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