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Good video. When I was in school every econ teacher would tell us that the fed printing money was going to cause inflation, and year after year of no inflation they could never give a good answer as to why it wasn't happening. This really succinctly explains that so long as exploited countries are reliant on capital infusions and dollar pegging, the dollar isn't going to weaken.
I do like the summary at the end about social chauvinism. So many times I talk with people that I think are on the same wavelength before discovering they're not upset about the thieving, just the way the spoils are divided.
Good video. When I was in school every econ teacher would tell us that the fed printing money was going to cause inflation, and year after year of no inflation they could never give a good answer as to why it wasn't happening. This really succinctly explains that so long as exploited countries are reliant on capital infusions and dollar pegging, the dollar isn't going to weaken.
I do like the summary at the end about social chauvinism. So many times I talk with people that I think are on the same wavelength before discovering they're not upset about the thieving, just the way the spoils are divided.