our entire lifetime. there is virtually no place the entire globe you could go that would turn down a $20 bill. andrew jackson s face was the famous seal of u.s. treasury was probably america s best-known export to the smallest gold mining outpost in the amazon basin. every shopkeeper on earth recognized a 20 our bill. the dollar was universal and not just universal and commerce with international transactions that were conducted in dollars, but universally held as a long-term store of value. globally. the world central bank stockpiled u.s. dollars for more than any more other. people may have not of known that but doesn t matter if they knew it or not it was very good for everyone who lives here. because there are are so many u.s. dollars in circulation some of the country the cost of borrowing money inside the country remain artificially low that s for the reasons in this country, america middle-class people could buy their own ho homes. he was covered meanwhile were able t
homes. he was covered meanwhile were able to run up astronomical debts without many obvious consequences. from time to time though debate summing called the debt ceiling, but it was abstract him most people didn t seem very relevant to their lives because for most the time it really wasn t. america printed the os dollar and we controlled the global currency. that meant that for us when he was cheap, we have privileges that no one else in the world had. it s a very, bull would happen if it ended? you don t even really want to think about that the consequences would be to ugly, really ugly. we started wearing about it about a year ago. live the day of the russian military rolled over the ukrainian border. by itself that was a destabilizing event always challenging the assistance. it was the west reaction to the russian invasion that seemed very ominous. policymakers in the u.s. went insane. help eyes or republicans in the