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Jeffrey Sachs: Tariffs, the decline of the dollar, and prospects of war with China
Excellent talk between Jeffrey Sachs and former finance minister of Greece, Yanis Varoufakis. Sachs explains in detail why the United States of America is going to lose the Trade War with China. Trump's tariffs are not going to work on China and more importantly, the US dollar's exorbitant privilege is going to diminish too. The discussion ends with Sachs describing the crazy talk circulating in Washington about a war over Taiwan which the US would inevitably lose, and which could lead to global annihilation.
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