Economics: the US trade deficit
The tutor looks into the export of US dollars.
Since sometime in the late 1970s, US imports have exceeded exports. More specifically, the US trade deficit has exceeded $500 billion per year over the last ten years.
A casual observer might ask, “How long can the US continue running such a trade deficit?” Apparently, as of 2015, US households held net worth of $84.9 trillion: the US could continue a $500 billion trade deficit annually for 169.8 years.
Source:
Jack of Oracle Tutoring by Jack and Diane, Campbell River, BC.
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