This podcast episode explores the weaponization of the dollar and its impact on the global financial system. It discusses the power of the US to control access to the global dollar network and the history of how the US emerged with the capability to track dollar flows and control access to the system. The episode also delves into the complex and evolving views of former US President Donald Trump on the US dollar, the debate surrounding the US's ability to control and influence the global dollar network, the evolution of economic sanctions, and the role of the US government in monitoring dollar movements. Additionally, it examines the role of the dollar as the world's reserve currency, the benefits and risks associated with holding it, and the importance of political stability in maintaining the strength of the US dollar. Overall, the episode highlights the changing dynamics of the global financial system and raises questions about the future of the dollar's dominance.
