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The US public debt is denominated in Dollars, does the Saudi manufacture Dollars? If not, how could then they finance the public debt?
by RobertoG 5y ago
The US public debt is denominated in Dollars, does the Saudi manufacture Dollars? If not, how could then they finance the public debt?
- LatteLazy 5y agoThey 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.
- LatteLazy 5y ago(not sure why people are down voting this, it's pretty straight forwards factual stuff?)