Viktor Shvets
speaker
213 appearances
1 recordings
1 series
first heard Nov 2024
last heard Nov 2024
Viktor Shvets’s voice in public audio — every appearance, attributed to the second.
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Appearances
The deficit of one country is equal to surplus of another country.
Unless we start trading with Mars or extraterrestrials, exports and inputs, surpluses and deficits have to line up.
And so one of the things the incoming Treasury Secretary is discussing is
Basically unwinding Paul Walker's revolution, which led to significant discontinuities.
In other words, some countries been accumulating significant surpluses.
Yeah.
Other countries were accumulating significant deficits.
So one thing American people probably don't realize that they can't just maintain consumption at the current level and still not run the deficits.
At the same time, if Americans run the deficits,
By definition, China, Germany, Japan have to run the surpluses.
Well that's that's right.
But you also have to separate politics, optical illusion, what you're trying to do and the reality.
If you remember I well, you don't remember, but but anyway, uh Eisenhower in operation I think it was called Wetpack Operation, which is a horrible name.
But anyway, Eisenhower expelled one point one million Mexicans in nineteen fifties.
Uh only to see the them all trickling back into the country in a matter of months and years.
So you have to separate politics, what you're trying to do, optical illusion you're trying to create, and the reality of what is actually being achieved.
My view is that there is sufficient guardrails in a system in the US to prevent probably the worst outcomes that potentially could have happened.
Now, the first clearly guardrail is electoral process.
US is one of those countries that election
Never end.
Showing 61–80 of 213 · page 4 of 11
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