Stable coins are coin cryptocurrency, but each one is backed by a real dollar. China has all these capital flow restrictions because Chinese people can't wait to put their money in Canada or the U.S. The richest people in Russia have a lot of money that is not in Russia and there's a reason for that. Iran's same deal. These are real elements of power in a global environment where money, power, economic influence is a part of competition and warfare.
Treasury's War author Juan Zarate joins us to discuss how the US wields its financial power against terrorism, rogue states, and global crime syndicates.
What We Discuss with Juan Zarate:
- Why the Treasury Department became part of the intelligence apparatus of the United States post-9/11 — after resisting such integration for years.
- Sanctions: what are they good for and how do they work?
- How and why criminals (whether they're of the independent, organized, or state-sponsored variety) need banks and financial institutions for any major crime to succeed.
- What the SWIFT (Society for Worldwide Interbank Financial Telecommunications) system is and how it's used to disrupt terrorist financing around the world.
- For better or worse, what role does cryptocurrency play in all of this?
- And much more...
Full show notes and resources can be found here: jordanharbinger.com/863
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