The rest of the world weren't doing the same thing. And as a result, from about 1980 on, America was running constant consistent trade deficits, transferring our wealth to other countries. In fact, I think In 2000, America owned about as much of the rest of the world as the rest of the world owned of America. And if you went back 20 years earlier, America owned a lot more of the rest of the world than the rest of the world owned of America. (00:35–00:45)
CLAIM
Asserts that in 2000, the U.S. had a balanced ownership of foreign assets compared to foreign ownership of U.S. assets.
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