Odd Lots
How the US Dollar Became an International Weapon of War
Mar 18, 2024
In this engaging discussion, Saleha Mohsin, a Bloomberg senior reporter and author of "Paper Soldiers," dives into the complex world of the U.S. dollar as a tool of economic warfare. She explains how the U.S. has leveraged sanctions, particularly against Russia and Afghanistan, to exert financial control. The conversation explores the historical context of the dollar's dominance, the implications of its weaponization on global politics, and the challenges emerging powers face in seeking alternatives. Mohsin also touches on the future of the dollar's status as a reserve currency.
46:59
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Quick takeaways
- The US wields power over global financial systems through sanctions and dollar control, impacting geopolitical relations.
- Post-9/11, the US enhanced monitoring of illicit financial flows, leveraging the dollar as a tool against terrorism financing.
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