10/ In 1974 Saudi Arabia and OPEC were awash in petrodollars. They had an account surplus of $70 billion, up from $7 billion the year before: an amount nearly 5% of US GDP. It became US government policy to convince the oil exporters to save in US debt. https://t.co/fBMJLkLQsJ
— Alex Gladstein 🌋 ⚡ (@gladstein) Nov 11, 2021
from Twitter https://twitter.com/gladstein
November 11, 2021 at 07:43AM
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