With Ben Norton / Geopolitical Economy Report ...
How the dollar`s `exorbitant privilege` enriches the USA (and global elites) Expand Stop 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. Link to Philip Pilkington`s report and Twitter account: link 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 || Geopolitical Economy Report || Please consider supporting us at link Patreon: link Podcast: link Newsletter: link |
Bonus films - with Mick Dunford ...
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