11/01/13 – Doug Bandow – The Scott Horton Show by Scott | Nov 1, 2013 | Interviews | 2 comments Doug Bandow, Senior Fellow at the Cato Institute, discusses unconventional solutions to elephant poaching and why it’s time for Washington to tell Saudi Arabia to pound sand. Podcast: Play in new window | DownloadSubscribe: Apple Podcasts | Android | RSS 2 Comments eCAHNomics on November 2, 2013 at 2:51 pm Read a stat a couple of weeks ago that 70% of Saudis live in poverty. James Robinson on November 4, 2013 at 9:48 pm Chalmers Johnson used to quip that the Saudis could totally demolish the US economy overnight by accepting oil payments in anything other than US Dollars, the petro-dollar, established by Nixon when he abandoned the international convertibility of the dollar to gold as prescribed by the Brenton-Woods agreement . The petro-dollar played a substantial role in the charade that kept the dollar as the world’s reserve currency. Maybe that’s why the US treads lightly in its relations with the Saudis.