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"It's trade deficit which maintains the US dollar as that global unit of account. Without that trade deficit, the US dollar could not be the world's reserve currency. So that trade deficit harms American workers, but it helps Wall Street bankers."Max Keiser explained that bringing China into the global economy was based "on people's conception of what a trade policy should be," with no global standard for money. Thus, instead of creating one, US tariffs and trade policies:
"replaced having a yardstick for the global economy like a gold standard. You need to have a standard unit of money in the globe to have to have global trade. Once you get rid of that, as now we have no global standard of money in the world, you will open yourself to fraud and gaming the system and hopeless collapse."
"The DOJ has the obligation to have an open door to anybody who wishes to provide us information that they think is relevant. We have to be very careful with respect to any information coming from Ukraine. There are a lot of agendas in the Ukraine, there are a lot of cross-currents and we can't take anything we receive from the Ukraine at face value."But House Judiciary Chairman Jerrold Nadler quickly objected to the Justice Department's arrangement with Giuliani, saying that it "raises serious questions about conflicts of interest -- both for the department, generally, and for you, specifically."
Comment: In case you missed it: Revelations in the bubble: Trump's presidency brings to light 7 undeniable facts about the swamp