alt Hacker NewsI believe the dollars strength is built on its unassailability as the petrodollar and foreign reserve currency, which lets the fed set interest rates and print money while creating less inflation than any other currency. The world looks very very different when energy markets aren’t fulfilled in dollars in ways that most citizens won’t understand.
That’s false. The petrodollar is irrelevant because two non-US companies trading using an intermediate currency like the USD create a balanced buy and sell of the intermediary.