We needed Saudi Arabia when we went off the gold standard in 1971. We made a deal that OPEC would only sell their oil in US Dollars and we would cut our domestic production. The result is the US had more money to spend and boy did we ever spend. You can run a bigger economy with petro dollars than you can gold. The military industrial complex loved it. We could outspend the Soviets and break their back. The CIA also put lot’s of US loyal despots in power to keep the Soviets from taking Middle East oil.
So that’s our relation to the Middle East. It was about backing the US Dollar with the oil there and keeping the asoviets out of it.
Follow the money. If you think any government really cares about the horrible stuff that goes on in the Middle East you are mistaken. Governments only care about power and most government officials are motivated by power and money. Don’t think those people have any measure of benevolence. They will tell you they do if that’s what you want to hear from them.
So that’s our relation to the Middle East. It was about backing the US Dollar with the oil there and keeping the asoviets out of it.
Follow the money. If you think any government really cares about the horrible stuff that goes on in the Middle East you are mistaken. Governments only care about power and most government officials are motivated by power and money. Don’t think those people have any measure of benevolence. They will tell you they do if that’s what you want to hear from them.
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