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Podcast: Macroaggressions
Episode: #344: The Kingdom
Description: The marriage between Saudi Arabia and the United States is on the rocks, to say the very least. The Petrodollar arrangement is an integral part of keeping the US Dollar relevant internationally as it set the rules for conducting oil trade in only America’s currency, but those days may be coming to an end sooner than most people anticipated.
As the Saudis look to diversify away from only being known as the world’s gas station, they are using their sovereign wealth fund, the Public Investment Fund, to finance Vision 2030 which seeks to transform the Kingdom into the...