Amid global turmoil about US economic policy, we take a look at ideas inside the White House to change global financial markets. At stake is the value of the US dollar, targeted to strengthen manufacturing in the United States. But some are already losing faith in the global currency. So what does reading the Mar-a-Lago Accord closely suggest for the future of global relations?
For more, check out:
Daniel McDowell, Professor of International Affairs at Syracuse University and Senior Fellow at the Atlantic Council’s GeoEconomics Center: https://www.danielmcdowell.org/
Read the full paper by Stephen Miran: A User’s Guide to Restructuring the Global Trading System https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf
Chapters:
00:00 Intro
00:21 The Plaza Accord
01:35 How to devalue the Dollar
03:41 Is the US withdrawing its security umbrella?
04:54 Is US creditworthiness at stake?
06:34 Conclusion: Will the plan backfire?
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