Geopolitical Economy Report Ben Norton

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

US President Joe Biden signed a law that will force TikTok's Chinese owner ByteDance to sell the app, or it will be banned in the US. Ben Norton explains how this is part of Washington's economic war, aimed at protecting Big Tech monopolies in Silicon Valley.

VIDEO: https://youtube.com/watch?v=_WFYov2kfLI

Topics
0:00 Biden signs law to ban TikTok
1:39 US tech war on China
5:00 India banned Chinese apps, giving US Big Tech total control
6:38 Protectionism or economic war?
8:30 Silicon Valley lobbied against TikTok
9:37 Donald Trump tried to ban TikTok... before doing 180
12:15 Role of Israel/Palestine/Gaza?
13:42 US trade war with Japan in 1980s
15:38 "Free market" hypocrisy
18:25 US does not truly want "competition" with China
19:39 Outro

If Ukraine loses in the NATO proxy war with Russia, "it will be the end of Western hegemony", lamented former British Prime Minister Boris Johnson. Ben Norton explains the geopolitics of the conflict, and how most of the Global South has not joined the Global North in opposing Moscow.

VIDEO: https://youtube.com/watch?v=M8ZmkIhs8r0

Check out our related report - "‘Western dominance has ended’, EU foreign-policy chief admits, warning of ‘West against the Rest’": https://geopoliticaleconomy.com/2024/02/26/western-dominance-ended-eu-josep-borrell

Jill Stein explains why she decided to run for US president on an anti-war, pro-worker platform, challenging the duopoly of the Democrats and Republicans as the candidate for the Green Party. She is interviewed by political economists Radhika Desai and Michael Hudson.

VIDEO: https://youtube.com/watch?v=oDUb7-MPH48

Read the transcript here: https://geopoliticaleconomy.com/2024/04/20/jill-stein-president-green-party-candidate/

You can watch other episodes of their program Geopolitical Economy Hour here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP

The US vetoed a resolution in the UN Security Council that called to recognize Palestine as a member state, while Israel launched attacks on Iran. Ben Norton shows how Washington is opposing peace.

VIDEO: https://www.youtube.com/watch?v=VndvgbR51D4

Topics
0:00 Intro
1:29 Israel attacks Iran
4:39 US vetoes Palestinian UN membership
7:31 What is Palestine's status at UN?
8:57 Which countries recognize Palestine?
10:18 "Two-state solution" hypocrisy
12:01 How USA prevents peace in Palestine
15:35 US defended South African apartheid at UN
18:30 South Africa's anti-apartheid leaders support Palestine
21:02 China supports Palestine
22:56 Russia supports Palestine
23:47 UNSC Gaza resolutions vetoed by US
25:53 US sponsors Israel's crimes against humanity
27:23 Outro

A major Congress member and top former Trump administration official published an article calling to overthrow China's government. They boasted that the US is waging a new cold war and must win it, while proposing a military budget of $1.4 trillion per year. Ben Norton debunks the deceptions of the warmongers in Washington.

VIDEO: https://youtube.com/watch?v=Q3RMl33SqNE

Check out our related report: CIA director threatens China & Russia, says Ukraine war benefits US economy - https://geopoliticaleconomy.com/2024/02/07/cia-director-china-threat-russia-ukraine-war/

Topics
0:00 Topic
1:07 2024 election
1:59 Council on Foreign Relations & CIA
3:30 Matt Pottinger & Mike Gallagher
5:07 US new cold war on China
8:21 Deceptively distorting Xi Jinping's speeches
12:50 Information warfare
16:00 Colonialism
17:32 Misquoting Chinese officials
20:29 Militarization of Asia
21:49 $1.37 trillion military budget
22:44 US domination of Asia
24:51 Recruit "cold warriors"
26:44 Regime change: Rollback, not just containment
28:05 Manufacturing consent for war
29:21 Outro