How Trump Could Kill the Dollar
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What is the main topic discussed in this episode?
This episode of the podcast is brought to you by Cantor Fitzgerald Ireland, proud sponsors of my own festival, the Doki Book Festival, which is on the 18th and 21st of June. Now, in Doki, you're going to expect four days of ideas, of literature, of politics, of economics, comedy, and culture. with over 100 writers, including Salman Rushdie, Tim Berners-Lee, the man who founded the internet, and of course, Booker Prize winner Anne Endright. Join us this summer in Dockie. Thanks again to Canterford's Gerald Ireland, helping people plan with clarity, invest with confidence, and build lasting wealth. Find out more at canterfordsgerald.ie. Canterford's Gerald Ireland Limited is regulated by the Central Bank of Ireland.
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To understand the economy, you have to understand human nature. How are you doing there? It is time for the podcast, and today on the podcast, we're going to be talking all about money. Now, not how much you make of it, where you get it, if you don't have it, where you get easy money. If you have it, how do you protect it and get feckers away from you who actually want it, but you don't want to give it to them. None of that. We're going to talk about the genesis. Well, that's true. I mean, most people don't think about money. When they think about, John, it's like, you know, we're thinking conceptually about money, but most people say, look, I have it, now you feck off.
I'm not giving any of it to you.
Or if you don't have it, it's like, how do I make money? And more importantly, how do I make it easy?
I want easy money. As little effort as possible, please.
Exactly, exactly. Now, what we want to talk about today, we're going to talk to Brendan Greeley, a monetary historian, a brilliant, brilliant thinker who's just written a beautiful book about the dollar called The Almighty Dollar. Now, it is a real tour de force. It gets quite technical parts, but it's got brilliant stories with brilliant characters with wonderful episodes from economic history. But what it's trying to do, it's trying to synthesize the story of money in a way that is comprehensible. So where does it come from? How does it start? Is money sovereign? Is it part of the state or is it something else? And again, you know, is it credit? Is it finance? Is it trust? Is it reputation? What about crypto?
Does that offer anything new to the world or is it basically only a reinvention of old stuff? And is our understanding about money simply our understanding of loads and loads of innovation in human behavior over hundreds of years, which has led us to this financial architecture, which we know to be central banking and bank regulation and all that sort of malarkey, John. It is fascinating stuff. Why don't we go straight away to Brendan? Yeah. Let's get into the meat and drink of this thing, and then you and I can come back and have a chat. We're going straight now to the United States to talk to Brendan Greedy. Now, as a regular listener to the podcast, you will know that I have spent probably the last five years, not just podcasting, but at least three of those years trying to research a book about the story of money, the history of money, follow what you will.
And anybody who's written a book will know that there are some very dark, dark moments when you just look into your research and you think, where the hell is this going? Can I turn it around? Is this relevant? Is this not relevant? Do I have to throw this stuff away? Am I lost? Am I talking absolute shite? Writing absolute shite. And then every now and then when I was in those weeds, I used to pick up the phone to our next guest, Brendan Greedy, one of the finances world's best financial correspondent, wonderful monetary economist, has now abandoned scribbling, not abandoned scribbling, but taken a back seat to scribbling, has gone into full-time academia, doing PhDs, all that carry on,
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:00–5:04
2
What is the significance of the dollar's power beyond the Fed?
5:04–9:19
3
How does Brendan Greeley define the genesis of money?
9:19–11:03
4
What does Greeley mean by saying money is not solely sovereign?
11:03–12:02
5
How does cryptocurrency compare to traditional banking?
12:02–46:29
6
Why is the euro-dollar system critical in understanding the dollar's dominance?
46:29–50:36
Speakers
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