"The arrogance of the yankee money printers. They are printing 3,5,7 trillion $s. This should lead to a commensurate devaluation but because the yankee $ is the reserve currency it is suffering no devaluation. In other words Biden etc are stealing from the world with their overvalued $."
The rest of the world is, therefore, all made of fools.
The U.S. balance of payments accounts.
The balance of payments consists of two subaccounts. One subaccount is the current account. The current account consists largely of the trade balance, which records U.S. imports and exports of goods and services. The second subaccount is the capital and financial account (hereafter called the capital account), which records U.S. net sales or purchases of assets.
A deficit in the current account means that the United States imported more goods and services than it exported. The counterpart to the U.S. current account deficit is a U.S. capital account surplus.
So, who are the people behind the capital account surplus?
Foreigners that buy US stocks, real estate and bonds, or that make loans or direct investment and central banks looking for US$ denominated reserves.
In short, US foreign trade and therefore its trade deficit is linked to US GDP and the same applies to the capital surplus because a strong US economy attracts foreign investors.
"Conference Board forecasts that US Real GDP growth will rise to 5.0 percent (annualized rate) in Q1 21* and 6.0 percent (year-over-year) in 2021"
