U.S. oil exported for USDs despite printing ability, Luke Gromen writes

U.S. oil exported for USDs despite printing ability, Luke Gromen writes
U.S. oil exports for USDs questioned

Luke Gromen, founder, president, macroeconomic analyst, investor at FFTT, LLC (Forest for the Trees), raises a provocative question about U.S. oil exports. He questions why the U.S. would export oil in exchange for U.S. dollars when the country has the ability to print its own currency for anything it needs, suggesting there may be underlying factors at play that are not immediately visible.

Gromen has previously examined related macroeconomic trends. He noted that gold has been deployed by both China and the U.S. as a strategic asset in global finance, both offensively and defensively, in prior commentary. In another analysis, he compared historical Knicks/Spurs NBA Finals ticket prices to track U.S. inflation over a 27-year period.

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