543: The Global Economy Has Been Turbocharged By The U.S.

Trade globalization has created immense prosperity for the U.S. and the global economy. It’s literally lifted millions of people out of poverty over the past several decades. The Chinese economy, in particular, has transformed dramatically as a result of its trade with the U.S. Other of our trading partners have benefitted as well. As our partners have accumulated U.S. currency, they’ve invested this money into U.S. bonds, which has helped us subsidize our budget deficit and national debt. The decisions we make concerning tariffs over the next couple years may have dramatic impacts on our domestic economy. Richard Duncan, author of “The Money Revolution, How to Finance the next American Century,” has a prescription for future growth and prosperity that entails investing in industries and technologies that will cement U.S. geopolitical preeminence. Richard is also the publisher of Macro Watch, a video-newsletter that analyzes the forces driving the economy and the financial markets in the 21st Century.