Oil, The Petrodollar, And The Next Emerging Market Crisis
Oil prices are up over the past year, which is bad if you’re, say, a developing country that imports a lot of the stuff. But the US dollar (aka the petrodollar) is also up, which compounds the problem because oil is priced in dollars. So Brazil, for instance, finds itself buying an appreciating necessity that’s […]
The post Oil, The Petrodollar, And The Next Emerging Market Crisis appeared first on DollarCollapse.com.
Source: https://www.dollarcollapse.com/oil-petrodollar-emerging-market-crisis/
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