About this ebook
The Dollar Throne. How One Nation's Currency Became the World's Operating System—and What Happens If It Cracks tells the story of the strange machinery that turns a piece of green paper printed in Washington into the plumbing of world trade. On a Saturday night in February 2022, a few paragraphs of administrative text froze roughly three hundred billion dollars belonging to a nuclear-armed government, without a single soldier involved. This book explains how that kind of power was built: the mountain hotel in New Hampshire where the dollar was crowned in 1944, the Sunday evening in 1971 when the United States cut its currency loose from gold and kept ruling anyway, and the correspondent banks, SWIFT messages, and settlement systems that route nearly every cross-border payment on Earth through American jurisdiction. Moving from the oil shocks of the 1970s to the sanctions campaigns against Iran and Russia, and from central-bank gold buying to the rise of the yuan and dollar-backed stablecoins, it asks whether any rival currency is actually ready to take the throne—and concludes that the dollar's greatest danger is not a foreign challenger, but its own mounting debt.
The Dollar Throne. How One Nation's Currency Became the World's Operating System—and What Happens If It Cracks tells the story of the strange machinery that turns a piece of green paper printed in Washington into the plumbing of world trade. On a Saturday night in February 2022, a few paragraphs ...
Discover more
Rate this ebook
Tell us what you think.
Reading information
Smartphones and tablets
Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.
Laptops and computers
You can listen to audiobooks purchased on Google Play using your computer's web browser.
eReaders and other devices
To read on e-ink devices like Kobo eReaders, you'll need to download a file and transfer it to your device. Follow the detailed Help Center instructions to transfer the files to supported eReaders.
