Artwork

Content provided by Geopolitical Economy Report and Ben Norton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Geopolitical Economy Report and Ben Norton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

How the dollar's 'exorbitant privilege' enriches the USA (and global elites)

38:41
 
Share
 

Manage episode 414950228 series 3346987
Content provided by Geopolitical Economy Report and Ben Norton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Geopolitical Economy Report and Ben Norton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
How much does the US benefit from printing the global reserve currency? An economist calculated that US average daily income would fall by 27-57% if the dollar lost its "exorbitant privilege". Ben Norton explains how wealthy investors not only in North America but around the world hold much of their wealth in the dollar. VIDEO: https://youtube.com/watch?v=jYkiMcR1Rj8 Link to Philip Pilkington's report and Twitter account: https://twitter.com/philippilk/status/1782409654519128497 Topics 0:00 US dollar dominance 2:00 Economics of exorbitant privilege 5:23 Current account 9:29 Balance of payments 12:31 Effects of dollar hegemony 14:45 Neoliberalism & financialization 17:41 Foreign capital funds US deficits 19:28 Global 1% invests in US assets 20:35 Super Imperialism 22:25 Fed inflates asset bubbles 25:22 De-industrialization in West 28:06 Industrialization in BRICS 28:57 Investment & FDI 33:08 Wages & manufacturing 35:00 Re-industrialization? 38:16 Outro
  continue reading

347 episodes

Artwork
iconShare
 
Manage episode 414950228 series 3346987
Content provided by Geopolitical Economy Report and Ben Norton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Geopolitical Economy Report and Ben Norton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
How much does the US benefit from printing the global reserve currency? An economist calculated that US average daily income would fall by 27-57% if the dollar lost its "exorbitant privilege". Ben Norton explains how wealthy investors not only in North America but around the world hold much of their wealth in the dollar. VIDEO: https://youtube.com/watch?v=jYkiMcR1Rj8 Link to Philip Pilkington's report and Twitter account: https://twitter.com/philippilk/status/1782409654519128497 Topics 0:00 US dollar dominance 2:00 Economics of exorbitant privilege 5:23 Current account 9:29 Balance of payments 12:31 Effects of dollar hegemony 14:45 Neoliberalism & financialization 17:41 Foreign capital funds US deficits 19:28 Global 1% invests in US assets 20:35 Super Imperialism 22:25 Fed inflates asset bubbles 25:22 De-industrialization in West 28:06 Industrialization in BRICS 28:57 Investment & FDI 33:08 Wages & manufacturing 35:00 Re-industrialization? 38:16 Outro
  continue reading

347 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide