model
The U.S. debt problem is reframed as resource leverage: if Asia and Europe need North American energy and fertilizer, they have less room to abandon U.S. Treasuries and the dollar system.
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Resource leverage
The U.S.
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Timestamped Evidence
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"Okay? And why does this matter? Well, let's look at this. Let's look at who owns the most U.S. Treasuries. Basically, if you own..."
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"Okay? Belgium. Luxembourg. Canada. France. Ireland. Switzerland. These countries are Europe. And again, where do we say most oil from the GCC go? It..."
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"Okay? All right? The $39 trillion debt, not a problem because the entire world is dependent on North America for resources. The Ponzi scheme..."
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Relevant Lectures And Readings
Reading
A source-grounded reading of the lecture's central reversal: if Trump's goal is to preserve the old American empire, the Iran war looks insane.
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