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| Petrodollars | |
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| PETRODOLLARS Definitions: i. Oil earnings of petroleum-exporting countries in excess of their domestic needs, usually deposited in dollars in Western European banks. ii. Petrodollars are a unit of money used to calculate how much a country has earned by exporting petroleum or natural gas. ______________________________________________________________________ * All eight elements would be in. * This is not about a calculation. 1. Purposeful and necessary to keep funds abroad (see definition). 2. Financial institutions will be very safe and solid (to emphasize). 3. Fund management and investment will be handled by professional. 4. Owner-countries will have access to their funds whenever required. 5. Savings will have a positive impact on currency exchange rates. 6. Indebtedness to foreign creditor must be justifiable in situation. 7. Relationships with countries keeping fund will be quite secure. 8. Serves purpose(s), help develop local economies and as buffer. __________________________ See perfect numbered account. See perfect crescent of influence. _____ See perfect exchange rate (1). See perfect economic growth (2). | |
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