I disagree with your statement about quality. For instance, I’d much rather have a German car than an American one. America doesn’t really make things any more anyway, most of it has been outsourced to China or other countries. The manufacturing expertise has mostly left the US. See for instance some of the most recent videos done by Smarter Every Day on YouTube where he talks about how hard it is to make a purely American made product.
What they have in the US is money so they can buy stocks and other things like that, so they make money off of things that others make.
They also make a ton of money off of everybody using the dollar as the global trade currency. That means that they can print a lot more money in the US without it causing as much inflation as it would otherwise, and the money they print are released into the US economy. They basically get to tax the holdings of companies all over the world that way.
I disagree with your statement about quality. For instance, I’d much rather have a German car than an American one. America doesn’t really make things any more anyway, most of it has been outsourced to China or other countries. The manufacturing expertise has mostly left the US. See for instance some of the most recent videos done by Smarter Every Day on YouTube where he talks about how hard it is to make a purely American made product.
What they have in the US is money so they can buy stocks and other things like that, so they make money off of things that others make.
They also make a ton of money off of everybody using the dollar as the global trade currency. That means that they can print a lot more money in the US without it causing as much inflation as it would otherwise, and the money they print are released into the US economy. They basically get to tax the holdings of companies all over the world that way.