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Geopolitical Economy Report

Geopolitical Economy Report

Ben Norton

Geopolitical Economy Report is an independent news outlet that provides original journalism and analysis to understand the changing world.

322 - Is Japan in crisis as yen crashes? Or is USA exporting its economic problems?
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  • 322 - Is Japan in crisis as yen crashes? Or is USA exporting its economic problems?

    Japan's currency the yen has fallen significantly against the dollar. It its economy in crisis? What is the role of US interest rates, inflation, debt, and deficits? What about China? Ben Norton explains the complex geoeconomic situation. VIDEO: https://youtube.com/watch?v=sz3r36ZTe7Q Topics 0:00 Intro 1:40 Yen plunges against US dollar 3:32 Rising exports, falling imports 4:40 Did Germany overtake Japan? 5:58 Nominal GDP is misleading 7:27 PPP is much more accurate 9:25 Misunderstanding GDP figures 10:53 US deficits & debt drive GDP growth 12:37 Strong US dollar 13:58 Industrialization & manufacturing 15:31 Current account 16:15 US Treasury securities 18:09 Why is the yen falling? 18:43 Interest rates 20:37 Bond yields 23:28 Why doesn't Japan raise interest rates? 23:50 Japan's debt 26:18 Inflation 29:32 US Treasurys 30:29 De-dollarization: China drops US bonds 33:14 TL;DW (conclusion) 35:07 Outro

    Wed, 01 May 2024 - 35min
  • 321 - How the dollar's 'exorbitant privilege' enriches the USA (and global elites)

    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

    Sat, 27 Apr 2024 - 38min
  • 320 - Biden signs law to ban TikTok: Latest attack in US economic war on China

    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

    Thu, 25 Apr 2024 - 19min
  • 319 - If Ukraine loses war, it will be 'end of Western hegemony', warns UK's Boris Johnson

    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

    Tue, 23 Apr 2024 - 17min
  • 318 - Challenging the duopoly: Jill Stein on why she's running for US president as Green Party candidate

    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

    Sat, 20 Apr 2024 - 1h 02min
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