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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: E_K_S who wrote (11922)12/23/2023 12:52:15 AM
From: elmatador   of 13798
 
Starting 90s two things happened:
1) Japan started tanking and living off its savings
2) The US stopped producing and started importing printing the USD to buy foreign goods. Thirty years later the US discovered China had ran away with the industry and accumulated USD by the trillions.

Note on the graphic:
- The US only dealt with the fuels -orange- contribution to the deficit by developing shale oil.
- Only a severe economic crises made a dent on the deficit (2001 and 2009 but the Covid thing just stopped it growing momentarily). Yellen's Taper Tantrum did nothing to stop growing and the economic war (tariffs etc.) did nothing to stop it either.

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