Toddsterpatriot
Diamond Member
You're ignorant of the mechanism by which the US dollar obligates foreign countries to finance US balance of payments deficits?How about creating a global monetary order that permits the US to run ever deeper into debt without any foreign constraint,
No foreign constraint? What gave you that (incorrect) idea?
You're perplexed by how removing gold convertibility in 1971 allowed the US to pursue unilateral trade policies, essentially compelling foreigners to partially finance the heroic US armed forces' campaign of mass murder and displacement across Vietnam, Laos, and Cambodia?
![]()
Really?
You're ignorant of the mechanism by which the US dollar obligates foreign countries to finance US balance of payments deficits?
No, you are.