Michael Greenwald (Tiedemann Advisors) on the Dollar as a Policy Tool (EP.196)
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 US dollar or CBDC might look like How the US can reassert dominance in the international sphere Michael's thoughts on stablecoins and Bitcoin Read Michael's paper, The Future of the US Dollar Sponsor notes: Copper is transforming how institutional investors engage with digital assets by developing award-winning custody and next-gen trading infrastructure. Headquartered in London, the firm is scaling rapidly across Asia and North America to bring its suite of products to a wider pool of institutional investors. To learn more visit copper.co or reach out on Twitter, @CopperHQ