Here's my understanding.

There are two things that allow us to export our debt which allows us (Americans) to print money without being severely impacted.

One is the fact that the dollar's reserve currency status. Basically, dollars are held by every country in order to exchange goods and services with each other. The dollar is seen as a stable currency. These dollars are stored in financial instruments like 10 year bonds. It would work ok. The us screwed over Russia a few years ago when they took control over what Russia had in investment over the whole Ukraine thing.

The second thing at play is the dollar is just paper backed by nothing -- except the Saudi oil. If Saudi oil can only be purchased in USD, it has value. To any country that want Saudi oil, cough up the USD.

This, if true, will be a huge deal to our way of life as we will no longer be able to export the debt we print. Who would want the dollars?

Edit: this also partially explains the military actions we take around the world. It's all in the name of American hegemony.

Open to correction.

Here's my understanding.

There are two things that allow us to export our debt which allows us (Americans) to print money without being severely inpacted.

One is the fact that the dollar's reserve currency status. Basically, dollars are held by every country in order to exchange goods and services with each other. The dollar is seen as a stable currency. These dollars are stored in financial instruments like 10 year bonds. It would work ok. The us screwed over Russia a few years ago when they took control over what Russia had in investment over the whole Ukraine thing.

The second thing at play is the dollar is just paper backed by nothing -- except the Saudi oil. If Saudi oil can only be purchased in USD, it has value. To any country that want Saudi oil, cough up the USD.

This, if true, will be a huge deal to our way of life as we will no longer be able to export the debt we print. Who would want the dollars?

Edit: this also partially explains the military actions we take around the world. It's all in the name of American hegemony.

Open to correction.

Here's my understanding.

There are two things that allow us to export our debt which allows us (Americans) to print money without being severely inpacted.

One is the fact that the dollar's reserve currency status. Basically, dollars are held by every country in order to exchange goods and services with each other. The dollar is seen as a stable currency. These dollars are stored in financial instruments like 10 year bonds. It would work ok. The us screwed over Russia a few years ago when they took control over what Russia had in investment over the whole Ukraine thing.

The second thing at play is the dollar is just paper backed by nothing -- except the Saudi oil. If Saudi oil can only be purchased in USD, it has value. To any country that want Saudi oil, cough up the USD.

This, if true, will be a huge deal to our way of life as we will no longer be able to export the debt we print. Who would want the dollars?

Open to correction.