What good is backed by oil if the price of oil with the dollar can fluctuate like 200% in a short time?
What good is backed by oil if the price of oil with the dollar can fluctuate like 200% in a short time?
It's less about the stability of the oil price and more of a "ongoing demand for dollars" type of deal.
The US has been profligate in spending for the past 40 years while enjoying one of the highest qualities of life. This is only really possible with a trade imbalance and that only has occurred because other countries (and people) desire the USD.
It's less about the stability of the oil price and more of a "ongoing demand for dollars" type of deal.
The US has been profligate in spending for the past 40 years while enjoying one of the highest qualities of life. This is only really possible with a trade imbalance and that only has occurred because other countries (and people) desire the USD.
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