PETRODOLLAR and MNUCHIN
World Dollar Debt up 5.2% while the World Euro Debt is up 10.5%. The Bank for international settlements has reported an explosion of dollar denominated debt outside the United States. Which means a rise in the dollar will a massive debt crisis. So here we have one of many explanations to Steve Mnuchin's statement regarding a weak dollar policy in the U S A. Another might be the USA has risen to among the highest in the world in oil exports. With ANWR getting the green light for drilling it seems the petrodollar is making a loop home?
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