The US Is Trying To Save The Dollar Ponzi Scheme With This... Swap Lines Explained w Michael Hudson

In this episode, I am joined by Michael Hudson to discuss how the United States is attempting to defend dollar hegemony at a time when its global financial power is facing mounting pressure. We examine the role of swap lines, dollar liquidity, sanctions, oil politics, and the Iran crisis in sustaining a world economy still organised around the US dollar. Although swap lines may appear to be a technical instrument of central banking, they reveal something much larger about who has access to liquidity in moments of crisis, who remains dependent on Washington, and how the United States continues to use the dollar as a tool of geopolitical power. As more countries search for alternatives to the dollar system, this conversation asks whether these new financial arrangements are signs of strength or signs that the old order is beginning to crack.