''In maintaining this de facto reserve currency monopoly, high oil prices were needed for nations to keep a religious faith with petrodollar. With such dollar imperium, evacuating inflation-targeting and negative-value debt dollar seemed to have no difficulty, especially as Wall Street and (the Fed) Federal Reserve System were helped by Bank for International Settlement (BIS) in manipulating global stock markets and money supply.
With unprecedented deindustrialisation and job losses, came the problem of meeting growing shortfalls in government revenues, especially when that was happening at a time of sky-rocketing military and social spending. In such dwindling revenue situation, attracting foreign money to finance vast US deficit spending became a matter of life-and-death. So, China not only exported goods to US, it also financed America's consumptions as well as its numerous wars around the world, including the trillion dollar Iraqi and Afghanistan wars.''
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