Geopolitical Economy Report
Geopolitical Economy Report
Ben Norton
How the dollar's 'exorbitant privilege' enriches the USA (and global elites)
38 minutes Posted Apr 27, 2024 at 2:30 pm.
US dollar dominance
Economics of exorbitant privilege
Current account
Balance of payments
Effects of dollar hegemony
Neoliberalism & financialization
Foreign capital funds US deficits
Global 1% invests in US assets
Super Imperialism
Fed inflates asset bubbles
De-industrialization in West
Industrialization in BRICS
Investment & FDI
Wages & manufacturing
Re-industrialization?
Outro
0:00
38:41
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Show notes
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
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