effectively been the currency of the world for our entire lifetimes. there was virtually no place in the entire globe you could go that would turn down a 20. andrew jackson s face beside the famous seal of the u.s.as treasury was probably america s best known expor best. from dar es to sri lankapost in to the smallest gold mining outpost, the amazon basin. every shopkeeper on earthco recognizgnizede a twenty dollar bill . the dollar wa.s universal and not just universal.ct inio commerce, though,ns tha the majority of international wered iny held ae conducte dollars, but universally held as a long term store of value. globally, the world s central bank stockpiled us dollars far more than any other currency. now,e ot most americans may not have known that or they did,wary but it doesn t matter what goo they knew. it it wasd very good fore arr everyone who lives here because there were so many us dollars cu in circulation outside ofborrow the country. the cost of borrowi
and he did it without the help of anyone.s ad none of his advisors wanteviserg to use on foreign policy. i policyp to b desperately wanted trump to be quiet, bute n trump wouldn t. what s the point of nato ?t nat he asked nearly thirty years y after the fall of the soviet aft union, no one in washington could answer him. p racist shut up. racist, they replied. but trump just kept going in. his trump way. russia, why would we fight russia? he wondered.e wouldn t making russia our our enemy just drive putin into the arms of china? inand create the most powerful and dangerous anti-american bloc in history? no one bothered to answerbody him. in fact, for the sin of asking,y they called him a traitorch to his country.ed him for they impeached him for it. it se ind then they started a war with putin. but in retrospect, trump asked a deeply patriotic question.ue if russista everion. joined fors with china, american global hegemony, its power would end instantly. you d have the w
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what they were telling you, ify they really did believe that they re stupider than they look . these sanctions were nevere is going to work in the way they promised because unlike the united states , russia does not have a late stage financed. economy. russian oligarchs do not s get rich from credit default swaps. er t they get rich from selling actual things that people need in order to live oil, natural gas, ion fertilizer, coal, wheat. by some measures, russia haso the largest resourceme economy n the world. oh, okay. so they can barter ifo. they needed to . so a year later, despite the sanctions, you were toldth you re the greatest ever edevised. against the russian ruble is justs as strong against the u.s. dollar as it was before the war. in ukraine. so we didn t really hurt russia with those sanctions. certainly not long term. would weainly hurt ourselves? e.j. and tony and peter s.s i onj wrote incisive piece inhi the daily caller last week that explains part of why this
friday night smackdown at 8:00 eastern on fox. so this train derailed these in io on the pennsylvania border a couple of weeks ago when tucke the bush administration respond to it and the mushroom cloud that resulted when officials set fire to the wreckage cloud by saying that, calm down,te these kind of environmental off iciadisasters happen all the ti. the transportation secretary mayor toldth we have a thousand train derailments a year. worry. don t worry, it s not exactly reassuring. but at least since biden becamee president , it does appearings e to be true. these things are happening a lot. it s not your imagination. just today, there was a massy th casualty event in bedford,a mass ohio, after mittleman factory plant exploded. that s about an hour away fromld these palestine multiplehat abo? victims were reported burned. ko inat was that about? we don t know.oral, meanwhile, doral, florida residents have been toldr to shelter in place for more than a week after a ,t quote, rene