The U.S. dollar’s status as the global reserve currency is diminishing, which reduces the power that U.S. leaders have over the global economic system. In this episode, hear highlights from recent Congressional testimony during which financial elites examine the current status of the global financial system and what Congress is being told to do to address perceived threats to it (and to their own power).
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CD230: Pacific Deterrence Initiative
CD102: The World Trade Organization: COOL?
“IMF Financial Activities List 2023.” Updated June 21, 2023. International Monetary Fund.
“Weekly Report on Key Financial Statistics.” June 9, 2023. International Monetary Fund.
“IMF Lending.” Updated December 2022. International Monetary Fund.
“Argentina: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding” October 17, 2018. International Monetary Fund.
“Argentina Policy Memorandum.” January 11, 1999. International Monetary Fund.
“Ecuador—Supplementary Letter of Intent.” March 13, 2003. International Monetary Fund.
International Finance Corporation
“Members and Observers.” World Trade Organization.
“ China and the WTO.” World Trade Organization.
“From ‘China Shock’ to deglobalisation shock: China’s WTO accession and US economic engagement 20 years on.” Stephen Kirchner. January 24, 2022. United States Studies Centre.
“The China Reckoning: How Beijing Defied American Expectations.” Kurt M. Campbell and Ely Ratner. February 13, 2018. Foreign Affairs.
“Who can borrow from the World Bank?” December 10, 2020. Bretton Woods Observer.
“Domination of the United States on the World Bank.” Eric Toussaint. April 2, 2020. Committee for the Abolition of Illegitimate Debt.
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