That guy is seriously confused. He seems to be referring to sectoral balances but doesn&#x27;t realise that having the USD as the international reserve currency is what has allowed the US to consistently run trade deficits (where importing is a benefit to society and exporting is a cost), that the US government does entirely determine the ability of the US private sector to save USD and is able to pursue full employment because it is a sovereign currency issuing government, and that foreign central banks can only buy US treasury bonds in USD, and mostly do so with reserves earned by exporting to the US, with interest being paid in USD. The entire article is like economic sounding gibberish.