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

Topics0:00 Trump's top economic advisor0:42 Trump wants to save dollar hegemony1:04 (CLIP) Trump on US dollar1:21 Dedollarization2:01 BRICS2:46 (CLIP) Trump threatens BRICS3:15 Tariffs3:50 Bretton Woods system4:38 Keynes' Bancor proposal5:07 US exorbitant privilege5:39 Nixon shock, gold standard, petrodollar6:43 Financialization7:35 Billionaires8:01 Deindustrialization8:10 Current account deficit8:33 Trump advisor Stephen Miran9:17 Overvaluation of US dollar10:30 Stephen Miran's plan11:16 Mar-a-Lago Accord12:59 Economic nuclear war14:07 Trump admin's goals15:20 Paying for US empire17:30 Trump admin's 5 demands20:25 (CLIP) Sharing costs of US empire21:13 China21:32 (CLIP) Decoupling from China21:55 Hudson Institute23:58 US financial crisis of 200825:42 Manufacturing26:02 Trump hits China with 104% tariffs27:23 Economic game of chicken27:50 Can USA win trade war?30:04 (CLIP) Miran: US has leverage over China30:59 China vows "to fight to the end"32:00 US economic dependence on China33:00 Chinese exports34:01 China's top export destinations34:36 ASEAN is China's top trading partner35:16 Indonesia36:08 China is world's top trading partner36:54 China's trade with Russia38:34 Can USA reindustrialize?38:52 (CLIP) "We can make stuff at home"39:09 Reindustrialization is very difficult41:40 Trade war will hurt Americans42:17 Moving taxes from rich to poor43:15 Do other countries pay US tariffs?43:34 Dollar falls44:38 Yield on US Treasury securities46:10 Mortgage rate spread46:42 Credit card interest rate47:14 Interest payments on US national debt48:37 Backlash on US economy49:51 Danger of blowback50:31 Plaza Accord revisited51:16 Changes in global economy52:50 China learned from Japan crisis54:33 Imperial hubris55:12 Vietnam in a multipolar world58:07 Outro