Topic: Quincy Pact

Daniel Estulin provides a detailed historical account of the 1974 agreement between the US and Saudi Arabia that established the petrodollar. He explains how the 1973 oil shock was a coordinated event discussed at the Bilderberg Group meeting in Sweden to save the US dollar and Wall Street. Estulin describes how this system allowed the US to live beyond its means by forcing the world to hold dollar reserves for energy purchases.