What are the economic and financial system early warning signs that we should heed rather than get caught up in fearmongering? When should we start to worry about ballooning budget deficits, the national debt, a currency collapse, or the stock market?
Topics covered include:
Signals to monitor to see if things are falling apartHow much government debt is too much and why interest rates are keyWhy central banks don't control the stock marketWhy the dollar remains dominant, and what has to change for it to plummet in value
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Show Notes
The Dawn of Everything: A New History of Humanity by David Graeber and David Wengrow—Macmillan
How Much Is Enough? Money and the Good Life by Robert Skidelsky and Edward Skidelsky—Penguin Random House
U.S. National Deficit—Treasury.gov
Budget and Economic Data—Congressional Budget Office
Japan's growing debt mountain: Crisis, what crisis? by Andrew Sharp—Nikkei Asia
The Dollar: The World’s Reserve Currency by Anshu Siripurapu and Noah Berman—Council on Foreign Relations
Currency Composition of Official Foreign Exchange Reserves—International Monetary Fund
Total credit to non-bank borrowers by currency of denomination: US dollar—BIS
Wonking Out: The Mysteries of the Almighty Dollar by Paul Krugman—The New York Times
Revisiting the international role of the US dollar by Bafundi Maronoti—BIS
Related Episodes
404: Why Is the U.S. Dollar So Strong? Will It Continue?
416: Your Nation’s National Debt: 5 Things You Need To Know
433: What Happens If The U.S. Defaults On Its Debt? Here’s Why It Won’t
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