This article is extracted from BullionStar, a Singapore online bullion company where you can buy gold and silver at competitive prices.

As United States prepares to take military action against Syria, many people are been debating the country’s involvement in yet another Middle East conflict. For the last decade, United States has been mired in long drawn conflicts with Iraq and Afghanistan, leaving overall war weariness among Americans. A lot of resources have been drained and countless of lives have been sacrificed in these war efforts. To understand why the United States government is so keen to return to their favorite battleground in the Middle East, one of the world’s top oil producing regions, one has to trace back to the currency history and the development of the “petrodollar”.

In 1971, when President Nixon finally cut the last thread between gold and the dollar, he effectively changed the United States’ monetary ...