Explore "international finance" with insightful episodes like "Should We Be Worried About The BRICS?", "Josh Younger on the Surprising Origins of Eurodollars and Petrodollars", "Should Rich Countries Cancel Poor Countries’ Debt?", "The gift of getting old" and "Part Two: Blackwater's Erik Prince Wrote A Book About How Much He Sucks" from podcasts like ""Economics Explained", "Odd Lots", "Stuff You Should Know", "The Gray Area with Sean Illing" and "Behind the Bastards"" and more!
De-dollarization is all the rage right now, with lots of talk about whether the US currency will be able to maintain its dominant status in the global financial system. But regardless of what happens in the future, it's worth asking how we got to this point originally. How is it that the dollar came to dominate not just global trade flows but also became the currency of choice for things like buying oil? And why are there large pools of eurodollars sitting outside the United States? In this episode, we speak with Josh Younger, formerly of JPMorgan Chase and now a senior adviser at the Federal Reserve Bank of New York, about the surprising policy decisions that went into creating eurodollars and petrodollars, and why they matter now.
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It sounds controversial, but there are persuasive arguments for the wealthy Global North to write off the debts lower-income nations have accrued. Some say the US and Europe actually owe it to them. This is one of those boring ones you shouldn’t skip.
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In Part Two about Erik Prince, Robert is joined again by Miles Gray (The Daily Zeitgeist) to discuss all the insane information from Erik's autobiography.
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