> Similar to Eurodollars in the past yielding outsized interest rates, increasing demand and thus dollar outflows Genuinely curious, do you happen to have a li

> Similar to Eurodollars in the past yielding outsized interest rates, increasing demand and thus dollar outflows Genuinely curious, do you happen to have a link about that? When did it happen? The ‘70s, the ‘80s? I’m on my (small-screen) phone and I’m also a little lazy to try and search for it right now. More generally, I feel that the outside investments that bring in lots of money for those involved is not a topic that has been given too much attention, all the focus is on stuff such as trade deficits and the like. The British Empire managed to partially thrive on that kind of investment philosophy for much of the 19th century, the French, too, from a certain point on (even though 1917 and the Bolsheviks getting to power did them a good one). I suspect the same thing has been happening to the US for a long time now (from just after WW2? I couldn’t tell), they’re not balancing their trade deficits based on “money printing” alone.