That's the beauty of it. The government doesn't have to print more money. This is basic supply and demand. If there is less demand, then there will be more money without having to print another dollar, it's fantastic. With this extra money, we'll be able to drill more oil domestically.
Well, that’s an interesting theory. Here’s another one, the value of the petro dollar will crater because it will lose its worth because it will no longer be the global reserve currency.
That's the beauty of it. The government doesn't have to print more money. This is basic supply and demand. If there is less demand, then there will be more money without having to print another dollar, it's fantastic. With this extra money, we'll be able to drill more oil domestically.
Well, that’s an interesting theory. Here’s another one, the value of the petro dollar will crater because it will lose its worth because it will no longer be the global reserve currency.
And what are countries going to use instead? Euros? Chinese Yuan? Rubles? All of these are a joke compared to the dollar.
Do you remember when the British sterling was the global currency?