W.R. McAfee  © 2012 All Rights Reserved         In 1971 several
countries, including France, simultaneously tried to sell
portions of their dollars back to the US for gold.  Visions of
dollar-laden airplanes showing up in America to exchange for
gold danced in banker heads.  The U.S. gold window mysteriously
slammed shut.  A default of sorts.  The bankers now had to find
a way for the rest of the world to believe in the dollar’s
strength.  Their solution was the “petrodollar.”  It would be 
the only “authorized” medium of exchange for oil; the
international banking cabal having “convinced” Saudi Arabia and
OPEC  to sell oil for dollars only.  All other countries had to
keep dollars in their vaults to buy oil. This enabled the US to
buy oil inflation-free all over the world.  Oil replaced gold as
the dollar’s foundation.  The fed owned the dollar’s printing
presses and allowed the government to keep its import tariffs
up. The London bankers were still relying on the U.S. military
in case anyone got out of line