The Petrodollar Is Under Attack: Here's What You Need To Know
![The Petrodollar Is Under Attack: Here's What You Need To Know The Petrodollar Is Under Attack: Here's What You Need To Know](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/f8a5c58a6e7174f09fb6c11ce5cd36ba-600x279.jpg?itok=aK5T_8_m)
Authored by Darius Shatahmasebi via TheAntiMedia.org,
Once upon a time, the U.S. dollar was backed by the gold standard in a framework that established what was known as the Bretton-Woods agreement, made in 1944. The dollar was fixed to gold at a price of $35 an ounce, though the dollar could earn interest, marking one notable difference from gold.