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How Banditry is Spreading across Nigeria
How Banditry is Spreading across Nigeria Baka Omubo 37 Views • 3 months ago

🎙 ABOUT SAHEL CHRONICLES
We take the political stories dominating headlines and break them down so you understand what's happening, why it matters, and how it affects you.


The world is complicated. The news doesn't have to be.

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The Petrodollar: How America Made the World Buy Oil in Fiat Dollars — And Trapped Everyone In It
The Petrodollar: How America Made the World Buy Oil in Fiat Dollars — And Trapped Everyone In It Kwabena Ofori Osei 37 Views • 2 months ago

In 1971, the United States cut the dollar loose from gold and gambled the entire global economy on a single question: what gives a piece of paper its value once the metal underneath is gone? The answer turned out to be oil — and the deal that made it happen was kept secret for forty-one years.

This is the story of the petrodollar: how a moment of weakness became the most durable instrument of power any nation has ever wielded. From the collapse of Bretton Woods and the Nixon Shock, to the 1973 oil embargo that quadrupled prices overnight, to the chain-smoking Wall Street bond trader who flew secretly into Saudi Arabia in 1974 to strike a deal that would anchor the dollar to the world's most essential commodity.

But this isn't just a story about American advantage. It's a story about a trap. We follow the petrodollars on their journey — from oil importers, into Gulf treasuries, through Western banks, and out as cheap dollar loans to the developing world. Then we watch Paul Volcker raise interest rates to nearly twenty percent and the bill reset overnight, triggering Latin America's "lost decade," sovereign defaults, and more than twenty million people pushed into extreme poverty.

We separate documented history from myth: the real secret Treasury bond arrangement versus the viral "single 1974 oil treaty" that never actually existed. We look honestly at the contested "petrodollar war theory" surrounding Iraq and Libya — what's proven, what's speculation, and why the truth refuses to be neat. And we examine whether the system is finally cracking, with the dollar's reserve share at a three-decade low, the rise of the petroyuan, and central banks quietly stacking gold.

How did America make the world buy oil in dollars? And who really got trapped in it?

If this pulled back the curtain on something you only half understood, hit like and subscribe for more deep dives into the hidden machinery of money and power.

#petrodollar #usdollar #oileconomy #geopolitics #financialhistory #dedollarization #brettonwoods #nixonshock #federalreserve #saudiarabia #opec #petroyuan #brics #reservecurrency #globaleconomy #macroeconomics #economichistory #paulvolcker #debtcrisis #dollarhegemony #wallstreet #powerstructures #moneyexplained #oilanddollars #economicsdocumentary

Link Up Podcast — Ep 11 (part 2) | Ft Ɔbenfo Ọbádélé Bakari Kambon (Abibitumi Conference, Abibiw
Link Up Podcast — Ep 11 (part 2) | Ft Ɔbenfo Ọbádélé Bakari Kambon (Abibitumi Conference, Abibiw Kwento xpr 37 Views • 27 days ago

⁣Link Up Podcast — Ep 11 (part 2) | Ft Ɔbenfo Ọbádélé Bakari Kambon (Abibitumi Conference, Abibiwiase, Film Festival, Open D.O.O.R. Dialogues)
Hosts: Niara Esi Ìjèawelē Ọmọlará Kwento & Bakari Kwadwo Ọbatayé Kwento

Akɔaba, Woezɔ, Oɔbaake (welcome) to another episode of Link Up Podcast, where we connect with Abibifoɔ (Black People) doing Black powerful work across Abibiman (the Black Land) and the diaspora.

In this episode, we Link Up again with Ɔbenfo Ọbádélé Bakari Kambon for Part 2 of our Episode 11 discussion. This portion centers on the expanding institutional work growing out of Abibitumi, including the upcoming Abibitumi Conference, the Abibitumi/Abibifahodie Film Festival, the developing Abibiwiase television show, and the Open D.O.O.R. Dialogues. Ɔbenfo explains how these projects are connected through the larger mission of creating Black spaces that are not just online, but physical, organized, and rooted in Black liberation work.

We discuss the origins of the film festival, the need for independent Black-controlled media spaces, the transition from the original Film Festival idea into the Abibitumi/Abibifahodie Film Festival, and the development of Abibiwiase as an upcoming television show. The conversation also moves through the Open D.O.O.R. Dialogues, including the role of the University of Ghana, the College of Humanities, and endorsements from major Ghana institutions. This is a conversation about building Black venues, Black media, Black conferences, Black festivals, and Black institutional power without waiting for stench approval.

This is a conversation about raised consciousness becoming raised behavior, Black love as institution, and the work required to bring the whole family Black home.

Feel free to share your thoughts, and Link Up!

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