US Treasury Secretary William Simon negotiated a pivotal agreement with Saudi Arabia that established the petrodollar recycling system, fundamentally reshaping global monetary dynamics. Simon convinced Saudi Arabia to sell oil exclusively in US dollars and invest oil revenues in US Treasury bonds, …
William SimonAhmed Zaki YamaniRichard NixonKing FaisalHenry Kissinger+2 morepetrodollar-systemmonetary-policyoil-politicsfinancial-systeminternational-finance
Secretary of State Henry Kissinger and Saudi Crown Prince Fahd signed a framework agreement in Washington DC establishing the US-Saudi Arabian Joint Commission on Economic Cooperation. This historic agreement created both economic and military commissions aimed at promoting Saudi investments in the …
Henry KissingerPrince Fahd bin AbdulazizRichard NixonSaudi ArabiaUnited States+1 morepetrodollar-systeminternational-agreementseconomic-policyoil-politicscold-war-geopolitics
On June 13, 1971, The New York Times began publishing excerpts from a 7,000-page classified Defense Department study titled “History of U.S. Decision-Making in Vietnam, 1945-1968”—soon known as the Pentagon Papers. Leaked by military analyst Daniel Ellsberg, the documents revealed that …
Daniel EllsbergNew York TimesWashington PostPresident Richard NixonSecretary of Defense Robert McNamara+2 moregovernment-deceptionmilitary-industrial-complexwhistleblowerpress-freedomvietnam-war