hypothesis the economy and Covid 19

This Covid 19 thing although bad was not enough to put the economy or the US in a tail spin, much less the world. The other thing is there was a need for and still may be a global financial reset.

Well we have a petro dollar economy and without oil taking a huge hit and the change there would be no way to change what the economy is based on. Nixon in 71 made a major change to the economy without much fanfare.

Some information is below, but Trump has said that he wanted to do away with the Feds and put the economy back on gold or another standard. He has also taken over the Fed at this point and from what I have heard will put this bail out on them and then torpedo them or allow them to absorb the total cost rather than the US government.

With a change bad actors and those draining and siphoning off the US economy would be cut off also, another area restored to the people.

I wonder if this is the start of the reset and the shifting of the US economy?

Just a thought.

As I think of this move that Nixon did I was alive in 71 and did not notice anything different in the US. But this was a major change and benefitted the US in many ways. But most went on without even noticing the manuevers that were being done. I do remember stories of Kissenger heading over to Saudi Arabia for talks but that was about the extent of it.

In the final days of World War II, 44 leaders from all of the Allied nations met in Bretton Woods, New Hampshire in an effort to create a new global economic order. With much of the global economy decimated by the war, the United States emerged as the world's new economic leader. The relatively young and economically nimble U.S. served as a refreshing replacement to the globe's former hegemon: a debt-ridden and war-torn Great Britain.

In addition to introducing a number of global financial agencies, the historic meeting also created an international gold-backed monetary standard which relied heavily upon the U.S. Dollar.

Initially, this dollar system worked well. However, by the 1960's, the weight of the system upon the United States became unbearable. On August 15, 1971, President Richard M. Nixon shocked the global economy when he officially ended the international convertibility from U.S. dollars into gold, thereby bringing an official end to the Bretton Woods arrangement.

Two years later, in an effort to maintain global demand for U.S. dollars, another system was created called the petrodollar system. In 1973, a deal was struck between Saudi Arabia and the United States in which every barrel of oil purchased from the Saudis would be denominated in U.S. dollars. Under this new arrangement, any country that sought to purchase oil from Saudi Arabia would be required to first exchange their own national currency for U.S. dollars. In exchange for Saudi Arabia's willingness to denominate their oil sales exclusively in U.S. dollars, the United States offered weapons and protection of their oil fields from neighboring nations, including Israel.