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".
VIDEO: https://www.youtube.com/watch?v=VnajhDMAWVA
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
