Yet the Switzerland is still one of the largest foreign of treasury securities: https://ticdata.treasury.gov/Publish/mfh.txt
Michael Hudson's "Super Imperialism: The Economic Strategy Of Imperial America" explains: "When the US payment deficit pumps dollars into foreign economies, these banks (have) little option except to buy US Treasury…
Yet the Switzerland is still one of the largest foreign of treasury securities: https://ticdata.treasury.gov/Publish/mfh.txt
Michael Hudson's "Super Imperialism: The Economic Strategy Of Imperial America" explains: "When the US payment deficit pumps dollars into foreign economies, these banks (have) little option except to buy US Treasury…