Consider what supports the value of the dollar--oil. Agreements to buy and sell oil in American dollars has maintained the dominance of this currency. Now, the value of oil is eroding fast. American refineries step up capacity. Pipelines funnel oil to refineries for countries still dependent. Decreased investment in oil and oil infrastructure globally. (Think bombing Iraq's refineries.) Refining capacity increases in value relative to oil production. Capitalists liquidate and convert assets in dollars to other forms of wealth, thus, the current accelerated rape of American economy.

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gumball's picture
gumball 1 year 7 weeks ago
#1

No, the value of the Dollar is from the size and stability of the US economy. That is why oil is priced in it, not the other way around.

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The Thom Hartmann Program - Aug 30th 2018

It seems it's all racism, all the time w/the GOP...Neo-Nazi robocall hits Iowa on Molly Tibbett’s murder: “KILL THEM ALL. ” Richard Wolff drops by about the National Debt. Is it a disaster or an OK thing? Also - Trump & The National Enquirer - Is the Economy Here To Serve Us Or Are We Here to Serve the economy?