That rule forces nations to hold dollars. Oil exporters earn those dollars, then recycle them into U.S. Treasuries. Global oil trade quietly subsidizes Americaβs debt.
#DollarDominance #FiscalEmpire
2/10
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1
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That rule forces nations to hold dollars. Oil exporters earn those dollars, then recycle them into U.S. Treasuries. Global oil trade quietly subsidizes Americaβs debt.
#DollarDominance #FiscalEmpire
2/10