The US's Current Account Deficit Problem

Michael Kofman: What can current account deficit countries do to defend themselves when some of their counterparts abroad start deliberately running current account surpluses? And the case of Europe, this is complicated by the fact that they share a currency. But let's say the example of the US, the UK, which have their own currency and also run large deficits. It would be an amazing coincidence. So to me, it's much easier to think of money being pushed into these countries. I cannot find a single case in history of a country that received anywhere near that level of inflows without including Germany.