For instance, suppose one of the world’s largest oil producers, which started out with more oil than Saudi Arabia, reaches Peak Oil in, say, 1970, but then promptly goes off the gold standard, foists its paper currency on the rest of the world by backing it up with the threat of force including the possibility of a nuclear first strike, eventually comes to import over 60% of its petroleum, much of it on credit, and, a few decades later, goes bankrupt.