We talk about America's history of using tariffs as a weapon—why it outsourced its manufacturing to China and how that forced China to become America's largest banker while U.S. manufacturing employment has steadily declined—how the US went from controlling 80% of the world's gold reserves at the end of WWII to having the largest external debt in the world—and how being the world's reserve currency since 1945 has given it an exorbitant privilege.
