What percent of dollars are tied up in in-flight oil transactions? And I suppose also in accounts that will be used for oil transactions in the planned future? That’s the mechanism for that supporting the value of the dollar, right, like, increased dollar demand via being used for oil market transactions?
If your debts are also denominated in USD, their value will be fixed relative to your cash assets. This assumes a fixed rate, of course, but a 30 year fixed is common in the US and makes up a substantial portion of most folks’ debt.
