This week we tore apart The Heritage Foundation’s spin on the Venezuela oil deal—the “world’s gas station” line slogan, the math on what Venezuela gets back is embarrassing, and what’s really happening is a century-old colonial playbook dressed up in PR language. Then we looked at a Pew chart: global favorability of the U.S. just dropped below China’s for the first time. That’s where dollar dominance eventually ends—not in the bond market, but in reputation. And we’re burning through ours fast.
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