since 1971, the US has been expanding its deficits purposely so that foreign capitalists produce, send to the US their wares, and then send their dollar profits back to the US to invest in US debt, companies and real estate.

 https://x.com/yanisvaroufakis/status/1955645824320299270

Yanis Varoufakis

@yanisvaroufakis

Yes, this is an extraordinary admission of an old fact. In The Global Minotaur (2011), I argued that, since 1971, the US has been expanding its deficits purposely so that foreign capitalists produce, send to the US their wares, and then send their dollar profits back to the US to invest in US debt, companies and real estate. And if you want a truly shocking statement of Imperial Intent, nothing tops this one from another Republican: Karl Rove

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Arnaud Bertrand

@RnaudBertrand

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12h

This is, without exaggerating, one of the most extraordinary things a US Treasury Secretary ever said. It should be mandatory viewing for all citizens of US "allies", Europeans first and foremost. What Bessent is saying is that the US will now treat US allies' wealth as an

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1:01 AM · Aug 14, 2025

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