“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.
“This is classic chaos theory.”
It is not, but money speculators will love the play, as long as they quit it before they lose their shirts.
Many, many, many have predicting the demise of the dollar, none understanding how the dollar values are determined and forgetting part of that is keeping dollars available only for as trade determines it will support that many dollars (and transaction equivalents). IT DOES NOT DEPEND on the Saudis or anyone else setting THEIR prices in dollars, or not. You (Saudis) reduce demand for dollars, and the Fed and the Treasury just shrink the supply accordingly, keeping supply relative to demand, and stabilizing the dollar value.