Almost 50 years since the last monetary system

In Aug 1971, President Nixon ended the dollar convertibility to gold announcing the collapse of the gold standard which was created after WW2. Two years later, petrodollar system came into existence in 1973 to maintain the global demand for U.S. dollars as all oil sales will be transacted in US dollar. The United States dollar […]

So goes oil, so goes democracy

They always go in tandem. Democracy promoters always choose the world’s oil and gas rich countries to spread their democracy. This secret love between oil and democracy should not stay in disguise. Wherever they smell oil, democracy promoters run fast, and they get faster if they smell both oil and gas. Libya, Venezuela, Iraq and […]