Geopolitical Economy Report

Iran's President Ebrahim Raisi, who died in a helicopter crash, sought to unite the Global South against Western imperialism. He joined BRICS, advocated de-dollarization, supported Palestine, promoted a "Look East" strategy toward China and Russia, and allied with Africa and Latin America. Ben Norton analyzes the late Iranian leader's anti-colonial foreign policy. VIDEO: https://youtube.com/watch?v=pzPKOhHcnvc Topics 0:00 Raisi's death & Iran's future 2:51 Raisi's anti-colonial foreign policy 4:54 Palestine 6:10 Anti-imperialism 8:42 BRICS 10:53 Dedollarization 11:45 Shanghai Cooperation Organization 12:46 "Look East" strategy 13:19 China 18:11 Russia 20:02 Indonesia 20:42 Africa 23:32 Latin America 28:40 Nicaragua & Iran: sister revolutions 33:08 Outro

Political economists discuss India's economy, questioning growth stats, Modi's policies, and 2024 elections. Analyzing foreign trade, services exports, and economic strategies under Modi. Recommendations for an India Alliance government focusing on essential rights for all.

The Joe Biden White House imposed high tariffs on Chinese technological products, including electric vehicles (EVs), solar panels, batteries, and semiconductors. Ben Norton analyzes the hypocrisy of US government accusations that Beijing provides unfair subsidies to its industries, while Washington is spending trillions on industrial policy -- and how this exposes the "free trade" dogma spread by neoliberal economists as a myth. VIDEO: https://youtube.com/watch?v=a7okuN2qJU8 Our related video: "Is China producing too much? US 'overcapacity' accusations: new tactic in economic war" - https://youtube.com/watch?v=GUpWxNcdnYU Topics 0:00 Biden puts tariffs on China 1:05 Elon Musk demanded tariffs on Chinese EVs 1:55 US "overcapacity" allegations 2:40 Europe threatens tariffs too 3:19 Biden condemned tariffs in 2019 4:58 Climate change hypocrisy 6:13 "Free market" myth 8:47 "Forced" technology transfer myth 13:12 BYD outcompetes Tesla 13:56 Neoliberalism: de-industrialization & financialization 18:26 Subsidies: US gov't plans trillions in benefits 23:52 More tariffs on Chinese products 25:30 Washington Consensus 29:01 US destroys WTO (after creating it) 31:28 Protectionism: How US & UK really developed 39:39 Outro

US Senator Lindsey Graham insisted in a TV interview that Israel should drop nuclear bombs on Gaza, where more than 2 million Palestinian civilians, including 1 million children, are trapped under what the Israeli defense minister called a “complete siege”. Ben Norton discusses Washington's bipartisan complicity in crimes against humanity. VIDEO: https://youtube.com/watch?v=4jJpA11Z5N8 Atomic bombing of Japan was NOT necessary to end WWII. US gov't documents admit it: https://geopoliticaleconomy.com/2023/08/07/atomic-bombing-japan-not-necessary/ Links and sources here: https://geopoliticaleconomy.com/2024/05/12/senator-lindsey-graham-israel-nuclear-weapons-gaza/ Topics 0:00 Intro 0:31 Lindsey Graham says Israel should nuke Gaza 1:11 Fact check 1:59 Israeli minister called to nuke Gaza 3:55 Crimes against humanity 4:47 US support is bipartisan 5:26 Israel's nuclear weapons 6:45 Israel offered nukes to apartheid South Africa 9:05 US atomic bombing of Japan was not necessary 13:10 Outro

143 countries, representing the vast majority of the world, voted at the UN General Assembly to support giving Palestine full membership. They were opposed by the US, Israel, and seven other small countries, representing just 5% of the global population. Ben Norton analyzes the geopolitics. VIDEO: https://youtube.com/watch?v=JtHx7hhpFDY Sources and links here: https://geopoliticaleconomy.com/2024/05/11/us-israel-vote-palestine-un-member Topics 0:00 Intro 0:56 Map of UN vote on Palestine membership 1:44 Countries that oppose Palestine 3:13 Europe is divided 3:35 Ukraine supports Israel & opposes Global South 5:11 Global South supports Palestine 5:44 Biden is allied with Hungary's Viktor Orbán 6:20 UNGA resolution 6:47 Venezuela's voting rights taken away 8:02 Read the UNGA resolution 9:02 Hypocrisy of US "two-state solution" rhetoric 10:29 Most Democrats condemn Israel; Republicans support it 11:11 Countries with bilateral relations with Palestine 11:47 Palestine's rights as UN observer state 13:04 China supports Palestine 13:46 Russia supports Palestine 14:11 Outro

While visiting Serbia, China's President Xi Jinping condemned the US and NATO for bombing Beijing's embassy in Belgrade, Yugoslavia in 1999. Ben Norton discusses why Washington launched the attack, and lied about it. Then Ben analyzes China-Serbia relations and the Belt and Road Initiative. VIDEO: https://youtube.com/watch?v=MILgSmiBLA8 Topics 0:00 Xi condemns US/NATO for bombing China's embassy 1:50 US attack was intentional 4:44 Protests in China 5:58 Civilian victims of NATO's war on Yugoslavia 7:34 China's relations with Yugoslavia 9:05 Belt and Road Initiative 10:21 Chinese investment in Serbian steel plant 17:38 Outro

US Senators sent a letter to International Criminal Court (ICC) Prosecutor Karim Khan, threatening to impose sanctions and even invade the Hague if he issues arrest warrants for Israel's Prime Minister Benjamin Netanyahu. The Biden administration is also pressuring the ICC not to charge Israeli officials over their war crimes in Gaza. Ben Norton discusses Washington's deep hypocrisy. VIDEO: https://youtube.com/watch?v=pM29iLpZMJU Sources and links: https://geopoliticaleconomy.com/2024/05/07/us-threat-icc-israel Topics 0:00 Intro 0:48 US politicians threaten ICC 2:26 Trump sanctioned ICC 3:17 Biden's hypocrisy 3:56 Republican senators' letter to ICC 6:47 Hague Invasion Act 8:44 Israel's gen0c1de in Gaza 9:48 Israel unleashed famine in Gaza 10:37 Israeli minister demands "total annihilation" of Gaza 11:26 Amalek 13:16 US hypocrisy on ICC warrant for Russia's Putin 14:51 Africa criticizes ICC 15:42 US/Israel lobbied for ICC Prosecutor Karim Khan 16:46 US & Israel refuse to join ICC 17:02 ICC vs ICJ 18:40 Save face, or save your empire? 21:13 Outro

Guest Ben Norton discusses China's de-dollarization strategy by reducing US Treasury holdings, buying gold, oil, and metals. Topics include global impact, Belt & Road Initiative, China's influence on US deficits, and the shift in global financial dynamics. Japan emerges as a key player in US creditor status.

Geoeconomics expert Ben Norton discusses Japan's economic crisis amid the falling yen. Topics include US deficits driving GDP growth, Japan's debt, interest rates, inflation, US Treasurys, and China's de-dollarization. Analyzing complex economic dynamics, the podcast challenges crisis narratives and explores the global implications of currency movements.

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