The US dollar is America's greatest export because the Federal Reserve protects it, the Bretton Woods system backed it, and the Navy polices trade routes. Dollar-denominated debt and money printing keep global demand for USD high.
Chapters
US dollars is the greatest export in the history of the world. Fed's number one job, they talk about inflation, they talk about job growth, but their number one job is to protect the US's greatest export of all time, which is US dollars. We print trillions of them, and people work 60 hours a week. They lyest, eat, chill, whatever, to get more dollars. And we print another trillion, and they go get more dollars. And since the Bretton Woods Agreement in 1947, we essentially said, we will pay for a Navy, which is very expensive, to police the entire world, to open up trade routes. And the only thing you have to do, countries, after World War II, is just use our dollar. And we became the world reserve currency. You guys know that whole history till today. What's interesting, you have to create demand for your product. So, if you flood the world with cheap debt that's denominated in your currency, those payments have to be made back and forth, guess what? In your currency. And so, it creates insatiable demand for US dollars.