In last week’s column, I described how world demand for U.S. dollars has been sustained by virtue of the petrodollar agreement between the U.S and the Saudis, as well with most other OPEC countries. That agreement ushered the means by which the U.S. has been able to print unlimited numbers of dollars, borrow them into existence, and send them to producer countries in payment for valuable products from all over the world. Only in America can a people print money out of thin air and expect other peoples to take them as payment for valuable items.
OPINION: Trump bypasses the circle of loot
