The thing about us being able to print dollars for oil.
how is it different from anyone else who has a floating currency.
we get to save the transaction fee on the conversion from euros to dollars?
If we print too much money the dollar becomes devalued - just like everyone elses currency.
that is why oil and gold now cost more.
how is it different from anyone else who has a floating currency.
we get to save the transaction fee on the conversion from euros to dollars?
If we print too much money the dollar becomes devalued - just like everyone elses currency.
that is why oil and gold now cost more.