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The US deficit HAS to grow as long as it is the global reserve currency. It cannot be reduced. This is called the Triffin Dilemma [1] and was ultimately behind the 1929 Great Depression, where the Pound Sterling couldn't keep up with the demands on a global reserve currency. It took 20+ years to find a new balance and while BANCOR offered the sustainable solution, the US dollar simply replaced the Pound Sterling at Bretton-Woods. and now Triffin is back, it seems 2/5

[1] https://www.imf.org/external/np/exr/center/mm/eng/mm_sc_03.htm