Hidden Forces 412期节目中，Demetri Kofinas与金融记者兼经济历史学家Paul Blustein探讨了美元在面对国际冲击和危机时的历史韧性，以及美元霸权是否能在国际资本和贸易体系崩溃后继续存在。他们回顾了美元如何成为全球贸易、储蓄和投资的默认货币，以及华盛顿最近的政策转变，以及这些转变在国外如何被看待，可能对美元的未来价值和地位意味着什么。节目还探讨了在贸易保护主义抬头、国际合作破裂以及外国投资者对美国领导地位以及美国资本市场的实力和可靠性失去信心的情况下，美元霸权的未来。

💵 美元如何成为全球贸易的默认货币：节目回顾了美元在全球贸易、储蓄和投资中占据主导地位的历史进程，分析了其背后的原因和影响。

⚠️ 华盛顿政策转变的影响：节目讨论了美国近期政策变化，以及这些变化在国际社会中的反响，并探讨了这些政策可能对美元的未来价值和地位产生的影响。

📉 美元霸权面临的挑战：节目深入探讨了在贸易保护主义抬头、国际合作破裂以及外国投资者信心下降的背景下，美元霸权所面临的挑战和潜在风险。

In Episode 412 of Hidden Forces, Demetri Kofinas speaks with financial journalist and economic historian, Paul Blustein about the U.S. Dollar’s historical resiliency in the face of international shocks and crises, and whether Dollar hegemony can survive the breakdown of the international capital and trading system.

In the first hour, Kofinas and Blustein trace how the U.S. dollar became the de facto currency for global trade, savings, and investment and what recent policy shifts in Washington—and how they have been perceived abroad—may mean for the future value and status of the Greenback.

The second hour builds on this foundation as Paul and Demetri speculate about what the future holds for dollar hegemony in a world characterized by growing trade protectionism, a breakdown in international cooperation, and a potentially irreparable loss of confidence among foreign investors in U.S. leadership and in the strength and reliability of U.S. capital markets.

This could not be a timelier conversation about a subject whose ramifications will continue to play out over many years if not decades to come.

Subscribe to our premium content—including our premium feed, episode transcripts, and Intelligence Reports—by visiting HiddenForces.io/subscribe.

If you’d like to join the conversation and become a member of the Hidden Forces Genius community—with benefits like Q&A calls with guests, exclusive research and analysis, in-person events, and dinners—you can also sign up on our subscriber page at HiddenForces.io/subscribe.

If you enjoyed today’s episode of Hidden Forces, please support the show by:

• Subscribing on Apple Podcasts, YouTube, Spotify, Stitcher, SoundCloud, CastBox, or via our RSS Feed

• Writing us a review on Apple Podcasts & Spotify

• Joining our mailing list at https://hiddenforces.io/newsletter/

Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou

Subscribe and support the podcast at https://hiddenforces.io. Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas

Episode Recorded on 04/23/2025