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0 pointsRobertoG4y ago0 comments

The US public debt is denominated in Dollars, does the Saudi manufacture Dollars? If not, how could then they finance the public debt?

0 comments

LatteLazy4y ago

They sell oil for dollars. They give the dollars to the fed and 101 other institutions as loans, those institutions lend the money to the government and private groups.

China does the same only they sell goods for dollars instead of oil.

LatteLazy4y ago

(not sure why people are down voting this, it's pretty straight forwards factual stuff?)

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0 pointsRobertoG4y ago0 comments

The US public debt is denominated in Dollars, does the Saudi manufacture Dollars? If not, how could then they finance the public debt?

0 comments

LatteLazy4y ago

They sell oil for dollars. They give the dollars to the fed and 101 other institutions as loans, those institutions lend the money to the government and private groups.

China does the same only they sell goods for dollars instead of oil.

LatteLazy4y ago

(not sure why people are down voting this, it's pretty straight forwards factual stuff?)

j / k navigate · click thread line to collapse