re: Iran wouldn’t negotiate in good faith with a loaded gun pointed at their head

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Whether we like it or not, the Middle East is tied to the U.S. / Global economy. As such, we have a vested interest in attempting to manage those circumstances.

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I agree completely. And this indeed is the wellspring of the continuing crisis.

The Petrodollar Pact with Saudi Arabia is the primary reason the U.S. dollar is accepted as the world’s reserve currency. The Petrodollar is the payment system where countries that buy oil pay for it in USD.

After the Nixon Shock ended the dollar’s tie to gold, pricing oil in dollars helped maintain global demand for the U.S. currency even without gold backing. While a brilliant piece of political statecraft in it’s day, the Petrodollar has been a disaster for the U.S. economically and militarily since at least the end of the Cold War.

The current crisis continues until our nation returns to a sound monetary policy and abandons this print-on-demand currency that is propped up by the corrupt Petrodollar pact. Nothing fundamentally changes until this nation returns to a sound monetary system.
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