(ZHE) For decades, the story of Saudi Arabia recycling petrodollars, i.e., funding the US deficit by buying US Treasuries with proceeds of its crude oil sales (mostly to the US), while the US sweetened the deal by providing the Saudis with military equipment and supplies, remained …

Source: The Fascinating Story Of How The Petrodollar Was Born And Lived In Secrecy For Over 40 Years