““As Bishop listened, it was all making sense. Bishop knew his history and was aware of the 1944 agreement at the Bretton Woods Conference, where the dollar became the global reserve currency backed by gold. This bolstered the dollar’s importance by requiring foreign governments to embrace the dollar. President Nixon moved away from a gold-backed dollar and switched to a crude oil standard, creating what is known as the petrodollar, or simply put, he began””
