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Open original source ↗A deindustrialized America simply does not produce enough to pay for what it consumes.
It prints money instead. And exchanges these pieces of paper for valuable goods.
But if the world stops using that money, the US has a real problem. So, alienating allies is not a good idea. https://t.co/bdmT67vn6s
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@thundercarver This is as dumb as it gets. The rest of the world holds $27 trillion in US securities, that is, the rest of the world finances the US, which overspends & undersaves. Good luck when Trump drives foreign financial investments away! Start thinking!
anders_aslund ↗