The Impact of Trade Dynamics and Monetary Sovereignty

This chapter explores the impact of trade dynamics, the balance of payments, and the role of the dollar in the global economy. It discusses the flaws in the perspective that exports are a cost and imports are a benefit, and highlights the lack of monetary sovereignty for countries that don't issue debt in their own currency. The chapter also addresses the harmful tactics and power dynamics used by the United States in obtaining goods and services through war and sanctions.