Sovereignty is a word that is used often but it has really no specific meaning. Sovereignty today is nominal. Any number of countries that are sovereign are sovereign only nominally and relatively. ↗
After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports brings more yen and euros than they would if the dollar were more competitive. ↗
Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly. ↗
Abroad, our most important policy is to support our troops and continue forward-thinking foreign policy in the war on terror - keeping our enemies on the run and hitting them before they hit us. ↗
The reality is that we are hated not because of our democracy, freedoms, and generous social security system; rather, we are hated because of our involvement in foreign conflicts and quarrels that were never our concern. ↗