Neil Corbin

Losing the reserve currency status is unthinkable to most people. Especially in the USA Well, I say you best get thinking long and hard about it. Imagine what life will be like when you run a $2 Trillion annual deficit and your dollar shits the bed. Imagine what will happen when the trade deficit is actually forced closed. Not necessarily cause you choose to buy less but because the price of foreign goods goes up so much you can’t afford to buy as much stuff. Plus also the price of domestic goods goes up because foreigners are buying to balancing trade. What will the buy? Agricultural commodities, energy. Etc. stuff that hits core CPI. That inflationary crunch will then reduce the demand for foreign manufactured goods cause disposable income drops. Actually having to work to get stuff is a shockingly different existence than being able to enjoy $500 billion to nearly $1 Trillion more goods than your produce every year for over $20 years. It’s huge. When you look at the total volume of goods that the deficit represents is unbelievable what’s been given to America in exchange for money rolling off the printing press. Who’s been ripping off who? Well when the reserve currency status is gone (and it will be going) there will be a shocking realization that America got a massive subsidy from the rest of the world… not this bullshit narrative being perpetuated these days. The only people scamming the American people are the top 1% of American people figured out how to avoid taxes and profit excessively from outsourcing America’s manufacturing bases to the detriment of their own people. There’s a reason why these banks and big business leaders and even Trump donated to both political parties. Cause they like the grid lock. They liked the system. It made them very rich. And they want the American people to be focused on blaming others instead of asking for a redistribution of wealth with in their own country