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Josh Mitteldorf's avatar

The Triffin Dilemma never made sense to me. Why is it a problem that the US runs trade deficits very year? Only because these lead to long-term debt and mounting interest payments. But that's because of the Federal Reserve system, in which money is borrowed into existence instead of being printed directly. Ellen Brown wrote in detail about this years ago in Web of Debt, and before that there was Creature from Jeckyl Island by G Edward Griffin.

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Red's avatar

"Recognizing Moscow’s new territories would be “horrible,” a senior Polish official has said"

Unless they recognize Polands claim to what it believes belongs to them, his tune will quickly change.

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