Re: Oil…Oil!
Seems like I have to break it down in bite size for you to understand. Say there are 3 people in the room, A has the oil, B is the oil producer and C is the dollar printer. C wants to buy oil from B and prints dollars and gets the oil. A wants to buy oil from B, but B says that get some dollars from C and you can have the oil. A then needs to sell something tangible to C in order to get the dollars to buy oil. C gets pretty much everything for free and it can print as much money as it likes because it owns the printing presses. It can have a deficit as much as it likes without any problem so long as others continue to sell in dollars.