Thanks for the suggestion, I’ve looked into it, and it sure looks like the theory is being tested right now.
As for how reliant we are on the dollar: Extremely. The US is our main trading partner by far and as most countries we export more than we import, in 2021 it was $385 Billions worth of exports and $276 Billion on imports according to this.
Our biggest exports are: Cars, computers, unrefined oil, agriculture products, and machinery/parts.
And imports: Oil derivatives, cars, computers/electronics, machinery/parts.
Thanks for the suggestion, I’ve looked into it, and it sure looks like the theory is being tested right now.
As for how reliant we are on the dollar: Extremely. The US is our main trading partner by far and as most countries we export more than we import, in 2021 it was $385 Billions worth of exports and $276 Billion on imports according to this.
Our biggest exports are: Cars, computers, unrefined oil, agriculture products, and machinery/parts.
And imports: Oil derivatives, cars, computers/electronics, machinery/parts.