Trump wants a great monetary reset. Where can the world hide?

The US, feeling burdened by trade deficits exacerbated by military spending and currency manipulation, seeks to rebalance the system. Sheng highlights Stephen Miran's "Mar-a-Lago accord," which proposes using tariffs and sanctions to encourage dollar holders, particularly allies, to convert their holdings into long-term securities as "user fees" for military protection. He draws parallels with historical imperial finance, citing the Roman and British empires' financial strategies.

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