4 ms·

Article curiously avoids discussion of petrodollar recycling. Perhaps the author felt they weren't qualified to comment on the subject.

• jazzyjackson 5y ago
  would you mind commenting on the subject? I never heard of petrodollar recycling.
  • ratg13 5y ago
    A bit late to respond, but I would start with the wikipedia article which is short but gives a decent overview. https://en.wikipedia.org/wiki/Petrodollar_recycling https://en.wikipedia.org/wiki/Petrodollar_recycling The petrodollar warfare section is worthy of note.
  • bigodbiel 5y ago
    Petrodollars obtained by exporters is used to buy US based assets and/or financial instruments (treasury bonds, stocks, real estate), literally “recycling” all that extra capital... though the Saudis have been dumping a lot of their assets for a few years already, as they plan on diversifying their economy but I guess that’s tangential