US President Donald Trump wants to use tariffs as part of a plan to save the dominance of the dollar as the global reserve currency. His top economic advisor Stephen Miran outlined the Trump administration's strategy to force other countries to pay the USA to maintain its imperial financial and military order. Ben Norton explains the idea behind the hypothetical "Mar-a-Lago Accord".

VIDEO: https://www.youtube.com/watch?v=VnajhDMAWVA

Topics

0:00 Trump's top economic advisor

0:42 Trump wants to save dollar hegemony

1:04 (CLIP) Trump on US dollar

1:21 Dedollarization

2:01 BRICS

2:46 (CLIP) Trump threatens BRICS

3:15 Tariffs

3:50 Bretton Woods system

4:38 Keynes' Bancor proposal

5:07 US exorbitant privilege

5:39 Nixon shock, gold standard, petrodollar

6:43 Financialization

7:35 Billionaires

8:01 Deindustrialization

8:10 Current account deficit

8:33 Trump advisor Stephen Miran

9:17 Overvaluation of US dollar

10:30 Stephen Miran's plan

11:16 Mar-a-Lago Accord

12:59 Economic nuclear war

14:07 Trump admin's goals

15:20 Paying for US empire

17:30 Trump admin's 5 demands

20:25 (CLIP) Sharing costs of US empire

21:13 China

21:32 (CLIP) Decoupling from China

21:55 Hudson Institute

23:58 US financial crisis of 2008

25:42 Manufacturing

26:02 Trump hits China with 104% tariffs

27:23 Economic game of chicken

27:50 Can USA win trade war?

30:04 (CLIP) Miran: US has leverage over China

30:59 China vows "to fight to the end"

32:00 US economic dependence on China

33:00 Chinese exports

34:01 China's top export destinations

34:36 ASEAN is China's top trading partner

35:16 Indonesia

36:08 China is world's top trading partner

36:54 China's trade with Russia

38:34 Can USA reindustrialize?

38:52 (CLIP) "We can make stuff at home"

39:09 Reindustrialization is very difficult

41:40 Trade war will hurt Americans

42:17 Moving taxes from rich to poor

43:15 Do other countries pay US tariffs?

43:34 Dollar falls

44:38 Yield on US Treasury securities

46:10 Mortgage rate spread

46:42 Credit card interest rate

47:14 Interest payments on US national debt

48:37 Backlash on US economy

49:51 Danger of blowback

50:31 Plaza Accord revisited

51:16 Changes in global economy

52:50 China learned from Japan crisis

54:33 Imperial hubris

55:12 Vietnam in a multipolar world

58:07 Outro