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Markets today are global , might this not lead to borrowing in non US countries and spending it or investing it in the US?

Interesting point. Sort of what I've been doing for the past year. With new cash (Pounds sterling), I've been changing it to USD in my IB account, where I've been getting interest of 1.7%. This is compared with 1% I could get in a savings bank account. I'll have the cash sit there until I see an opportunity to buy a stock.

GBP:USD conversion has crashed due to all the brexit calamities, can't help that. And the stocks I've bought haven't done well recently either! And the interest earned on the few days/weeks of cash held is pretty negligible. But it is something I have thought about.
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