Tariffs are part of Trump's big plan to save US dollar dominance. Will it work?

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20d ago 58:51

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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

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