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Les droits de douane font partie du grand plan de Trump pour préserver la domination du dollar am…



Les droits de douane font partie du grand plan de Trump pour préserver la domination du dollar am…

US President Donald Trump wants to use tariffs as part of a plan to save the dominance of the dollar as the global reserve currency. His top economic advisor Stephen Miran outlined the Trump administration’s strategy to force other countries to pay the USA to maintain its imperial financial and military order. Ben Norton explains the idea behind the hypothetical “Mar-a-Lago Accord”.

Topics
0:00 Trump’s top economic advisor
0:42 Trump wants to save dollar hegemony
1:04 (CLIP) Trump on US dollar
1:21 Dedollarization
2:01 BRICS
2:46 (CLIP) Trump threatens BRICS
3:15 Tariffs
3:50 Bretton Woods system
4:38 Keynes’ Bancor proposal
5:07 US exorbitant privilege
5:39 Nixon shock, gold standard, petrodollar
6:43 Financialization
7:35 Billionaires
8:01 Deindustrialization
8:10 Current account deficit
8:33 Trump advisor Stephen Miran
9:17 Overvaluation of US dollar
10:30 Stephen Miran’s plan
11:16 Mar-a-Lago Accord
12:59 Economic nuclear war
14:07 Trump admin’s goals
15:20 Paying for US empire
17:30 Trump admin’s 5 demands
20:25 (CLIP) Sharing costs of US empire
21:13 China
21:32 (CLIP) Decoupling from China
21:55 Hudson Institute
23:58 US financial crisis of 2008
25:42 Manufacturing
26:02 Trump hits China with 104% tariffs
27:23 Economic game of chicken
27:50 Can USA win trade war?
30:04 (CLIP) Miran: US has leverage over China
30:59 China vows “to fight to the end”
32:00 US economic dependence on China
33:00 Chinese exports
34:01 China’s top export destinations
34:36 ASEAN is China’s top trading partner
35:16 Indonesia
36:08 China is world’s top trading partner
36:54 China’s trade with Russia
38:34 Can USA reindustrialize?
38:52 (CLIP) “We can make stuff at home”
39:09 Reindustrialization is very difficult
41:40 Trade war will hurt Americans
42:17 Moving taxes from rich to poor
43:15 Do other countries pay US tariffs?
43:34 Dollar falls
44:38 Yield on US Treasury securities
46:10 Mortgage rate spread
46:42 Credit card interest rate
47:14 Interest payments on US national debt
48:37 Backlash on US economy
49:51 Danger of blowback
50:31 Plaza Accord revisited
51:16 Changes in global economy
52:50 China learned from Japan crisis
54:33 Imperial hubris
55:12 Vietnam in a multipolar world
58:07 Outro

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View 21 Comments

21 Comments

  1. @urrywest on

    I tend to think this is an attempt to retire the dollar reseves in other countries so that the dollar can become weaker against other currencies… This in order to get manufacturing to return to the US… This will have a very difficult time to be effective 'cause the US is a 'high cost' economy which makes labor more expensive without addiional benifits to industry.

  2. @QQQQQman on

    Brilliant analysis. Ben Norton moves so rapidly to put these pieces together with practiced precision whilst Trumpy is signing Executive Orders re-defining the definition of "showerheads", I kid you not.

  4. @bdxzhljbp7387 on

    China thanks so much to Trump. Since the high Tariff, China do not have to buy the new American debt ($11 trillian of this year) that Trump will worry very much about it. U.S. debt will collapse sooner or later. Knee down countries will suffer.

  19. @BigglyStardust on

    He’s actually doing the opposite, just compare the long term bonds and short term bonds. With his incompetence and lack of integrity, he may be setting up for the dollar to lose its reserve currency status.