countitjoy5
Rookie
- Sep 25, 2011
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Question:
What is the petrodollar system and how is it related to the U.S. dollar being the world reserve currency? What will end first, the U.S. dollar as a reserve currency or the petrodollar system? Or will they both collapse at the same time? What will happen to the global supply of dollars and dollar denominated assets if this monetary arrangement fails?
CIJ
What is the petrodollar system and how is it related to the U.S. dollar being the world reserve currency? What will end first, the U.S. dollar as a reserve currency or the petrodollar system? Or will they both collapse at the same time? What will happen to the global supply of dollars and dollar denominated assets if this monetary arrangement fails?
CIJ