MAR 16 2022 - WAR IN UKRAINE - DAY 21 UPDATE
Human Events Daily with Jack Posobiec
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The US Dollar Is Backed by Foreign Oil Sales
The us. Dollar is backed by something around the world, it's backed by foreign oil sales. All foreign oil sales are conducted in a us. Dollar basis. That means there's always a foreign inflated demand for us Dollars. And so with bringing venezuela on line, with bringing aran on line, i guarantee you, one of the things that the bide administration is pushing them for right now is to say, continue to make these transactions in the us. dollar. We can afford cheap foreign imports because the value of the dollar is strong. But understand, that's only predicated on us influence in the orld. The price of a t v is going to be like
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