{"podcast":{"title":"Consequential Actions Podcast","slug":"consequential-actions-podcast-7101158","podcast_index_feed_id":7101158,"rss_url":"https://api.substack.com/feed/podcast/465374/s/4746.rss","website_url":"https://jeffkellick.substack.com/s/consequential-actions-podcast","image_url":"https://substackcdn.com/feed/podcast/465374/s/4746/89d62bf29b5f4bd7e0065e8d1dd33837.jpg","author":"Jeff Kellick","episode_count":80,"summary":"A discussion on the decisions that impact security, technology, and the economy.","last_synced_at":"2026-06-14T00:17:15.155544+00:00","page_url":"https://stenobird.com/podcast/consequential-actions-podcast-7101158"},"episode":{"title":"The Exorbitant Privilege","slug":"the-exorbitant-privilege","published_at":"2026-05-08T11:00:00+00:00","page_url":"https://stenobird.com/podcast/consequential-actions-podcast-7101158/the-exorbitant-privilege","show_page_url":"https://stenobird.com/podcast/consequential-actions-podcast-7101158","url":"https://jeffkellick.substack.com/p/the-exorbitant-privilege","audio_url":"https://api.substack.com/feed/podcast/196724332/2fd73afbaf3cc17f1fb9cde12a0f7f09.mp3","summary":"Episode 18 traces the monetary architecture that finances the American empire — from the founders’ gold-and-silver Constitution through the 1910 Jekyll Island meeting that produced the Federal Reserve, the 1933 gold confiscation, the 1971 Nixon Shock, the multi-pillar dollar hegemony system, the 2022 weaponization against Russia, and the April 2026 debt trajectory of thirty-nine trillion dollars and over one trillion in annual interest. Building on Episode 13B’s coverage of the 1974 Kissinger-Simon-Saudi petrodollar negotiations, this episode expands outward to examine the other pillars of dollar power, the structural de-dollarization response that has accelerated since 2022, and the arithmetic that will eventually force strategic retrenchment — whether by policy choice or by external crisis. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit jeffkellick.substack.com","meta_description":"Episode 18 traces the monetary architecture that finances the American empire — from the founders’ gold-and-silver Constitution through the 1910 Jekyll Is…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3282,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/consequential-actions-podcast-7101158/episodes/the-exorbitant-privilege/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/consequential-actions-podcast-7101158/the-exorbitant-privilege.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}