The Dollar Fault Line
How America’s Currency Became the World’s Single Point of FailureBy Josh Luberisse
Length8h 10m
About this audiobook
The Dollar Fault Line delivers a bracing and meticulously researched warning that the world is not merely dollar-centric; it is dollar-dependent. This dependency has created a single point of failure that exposes every nation to the whims of Federal Reserve policy, the shocks of Wall Street risk appetite, and the turmoil of American domestic politics. The next great financial rupture, he argues, will not be an American export alone but a global self-inflicted wound.
Luberisse takes readers deep inside the system’s plumbing, from the real-time ledgers of Fedwire and CHIPS to the off-balance-sheet alchemy of FX swaps and repos that create trillions in “synthetic dollars” beyond regulatory radar. He reveals how this centralized architecture grants Washington extraordinary geopolitical leverage—turning sanctions into a financial chokehold —while simultaneously forcing the Federal Reserve to act as the reluctant offshore lender of last resort to the entire planet.
Audiobook details
GenreBusiness and Economics, Education and Learning
Length8 hrs 10 mins
Narrated byListen with 1,000+ voices
FormateBook with Audio
Publish dateJun 6, 2025
LanguageEnglish
Table of contents
1Copyright
2Epigraph
3Epigraph
4Epigraph
5Preface
Show all chaptersShow less
6Introduction – The Manhattan Bottleneck
7Part I – The Rise of Dollar Dominion
8Chapter 1: Bretton Woods and the Gold–Dollar Synthesis
9Chapter 2: The Nixon Shock and the Petrodollar Accord
10Chapter 3: Deregulation and the Age of Financial Engineering
11Part II – Plumbing the Dollar Machine
12Chapter 4: Clearinghouses: Fedwire, CHIPS, and CLS
13Chapter 5: Shadow Pipelines: FX Swaps, Repos, and Eurodollars
14Chapter 6: The Federal Reserve’s Offshore Lender-of-Last-Resort Role
15Part III – Power, Leverage, and Weaponization
16Chapter 7: Sanctions, Secondary Sanctions, and Financial Exclusion
17Chapter 8: Dollar Diplomacy and Geopolitical Bargaining Chips
18Part IV – Failure Modes and Fragility
19Chapter 9: Liquidity Cascades: Case Studies in Rapid Transmission
20Chapter 10: Climate, Cyber, and Non-Market Catalysts
21Chapter 11: The Politics of Domestic Gridlock and Global Dependency
22Part V – Search for Redundancy and the Limits of Diversification
23Chapter 12: Competing Architectures: Renminbi Rails, Digital Euro, and mBridge
24Chapter 13: Regional Currency Blocs and SDR Revival Proposals
25Chapter 14: Central-Bank Digital-Currency Networks
26Part VI – Policy Options and the Path Forward
27Chapter 15: What the United States Must Decide
28Chapter 16: What the Rest of the World Can Do Now
29Chapter 17: Toward a Resilient Multipolar Liquidity Order
30Conclusion
31Appendices
32Appendix A: Statistical Tables – Currency Shares in Trade, Debt, and Derivatives
33Appendix B: Glossary of Payment-System and Derivatives Terminology
34Appendix C: Methodological Notes on Scenario Modeling
35Bibliography
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