Comments by "boz" (@BOZ_11) on "How can BRICS de-dollarize the financial system?" video.

  1. A trade "deficit" isn't a total deficit, since a trade deficit, is simultaneously a financial account surplus. When you buy a gallon of disinfectant from a hardware shop, the merchant takes your money, and you take the gallon bottle. The merchant isn't saying to himself: "oh no, I have a trade deficit", or a "stock deficit". It's absurd framing, and there is nothing to "fix". The only thing you can say that's pertinent to nations is that if you want more self-sufficiency, you need a large industrial base, and that means you want a trade surplus, but one man's surplus is another man's deficit, so roughly half the nations of the world cannot have a trade surplus; however, they can take their financial account surplus and buy stakes in foreign assets.
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  2. What did she actually say that was eyebrow raising? Anyone who can contribute to the repeal of Glass‑Steagall Act has to be full of Hubris
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  3. like what?
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