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Trade Deficits Threaten U.S. Sovereignty

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Uploaded by on Aug 24, 2011

Peter Crawford hosts a brief seminar on the connection between the Americaapos;s trade deficits and its overall welfare.

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  • America is on welfare provided by the rest of the world. This is through it having the reserve currency allowing it to print money out of thin air to pay for imports. All other countries must sell things to acquire the reserve currency and then uses the reserve currency to buy needed imports.

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