This is nonsense. The Fed and the Treasury have all the tools they need to support the dollar, including, but not limited to, reducing the dollars in circulation (and dollar equivalents, transaction wise) compensating for, and offsetting, the lower dollar demand from the Saudi oil trade. The lower levels of dollars (and their transaction equivalents) that remain available, together with continuing international trade, and continuing international trade priced in dollars, will continue to support the dollar in ways that will totally offset the Saudi moves.
“This is nonsense. The Fed and the Treasury have all the tools they need to support the dollar, including, but not limited to, reducing the dollars in circulation (and dollar equivalents, transaction wise) compensating for, and offsetting, the lower dollar demand from the Saudi oil trade. The lower levels of dollars (and their transaction equivalents) that remain available, together with continuing international trade, and continuing international trade priced in dollars, will continue to support the dollar in ways that will totally offset the Saudi moves.”
This is self delusion.
“The Fed and the Treasury have all the tools they need to support the dollar”
They do—until they don’t.
This is classic chaos theory.
Everything works just fine—and then one day it does not work—and all the “experts” are baffled.
Nothing lasts forever.
Just ask the Roman Empire.