On today's episode of On the Margin, Michel Kao joins the show for a discussion on the U.S Dollar and its role in the great power competition.
Michael outlines his thesis for an upcoming paper on the U.S Dollar looking at the geopolitical significance of the Dollar and the four key economic pillars of which is stands upon. As many have called for the demise of the U.S Dollar, Michael sees the current rules based order continuing, despite the less favourable policies the U.S has enacted. To hear all this and more, you'll have to tune in!
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Referenced In The Show:
Inflation/USD Wrecking Ball-Who's Gonna Out-Hawk the Fed?: https://twitter.com/UrbanKaoboy/status/1613279643754463232
Money and Empire: Charles P. Kindleberger and the Dollar System: https://www.cambridge.org/core/books/abs/money-and-empire/money-and-empire/E9C856CAE32893E703C9BF474511A046
Sanctions book – Backfire: Agathe Demarais: https://agathedemarais.com/sanctions-book-backfire/
Chip War: The Fight for the World's Most Critical Technology: https://www.christophermiller.net/semiconductors-1
Acquired: TSMC: https://podcasts.apple.com/us/podcast/tsmc/id1050462261?i=1000534514877
The Geopolitical Mosh Pit: https://twitter.com/UrbanKaoboy/status/1589253118268944386
Sir James Goldsmith Presciently Explaining Globalization in 1994: https://www.youtube.com/watch?v=UKe38mVpHgk
Rubicon: The Last Years of the Roman Republic: https://www.goodreads.com/book/show/91017.Rubicon
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Timestamps:
(00:00) Introduction
(01:17) The Primacy of the US Dollar And Its Role In the Great Power Competition
(04:04) Economic Pillars of National Power: Geography, Natural Resources & Industrial Capacity
(16:56) The Aftermath of Bretton Woods
(32:38) The Geopolitics of U.S Dollar Sanctions, Semiconductors & Energy Policy
(47:38) Energy Independence, The Dollar Wrecking Ball & Inflation
(59:35) Permissionless Ad
(1:00:20) The U.S Dollar Dutch Disease
(1:15:34) The Great Power Competition & Rules Based Order
(1:23:33) A Summary of The Great Power Competition Between The U.S & China
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.