On The Brink with Castle Island

Michael Greenwald is a former U.S. Treasury official with expertise in sanctions programs and using USD infrastructure to promote policy objectives. In this episode:  What the weaponization of the dollar really means How sanctions mechanically work How Treasury and the State Dept carry out sanctions The risk of sanctions wearing blunt as a tool  The growth of sanctions post 9/11 How sanctions against Russia represented a sea change in policy How the US deputizes SWIFT for sanctions How and why Europeans tried to route around US sanctions on Iran Is the US led international order fraying? China's attempt to build a parallel financial infrastructure to challenge the dollar The objectives of the Belt and Road Initiative The purpose of the digital yuan Can the yuan challenge the primacy of the dollar in the international system? How China uses the belt and road initiative to advance the yuan How the US should react to China's aggressive move into closer economic relationships with the third world What a digital