America has Afghanistan’s money
Today, Explained
Vox
4.3 • 10.3K Ratings
🗓️ 1 August 2022
⏱️ 24 minutes
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| 0:00.0 | Today explained I'm Sean Ramosperm I'm standing outside the Federal Reserve |
| 0:05.0 | Building in Lower Manhattan it's an old stone building with steel cages around |
| 0:10.8 | its tall ground floor windows there's a US flag hanging above the main door |
| 0:16.2 | and a couple Federal Reserve Police Officer standing under it right now seven |
| 0:21.9 | billion dollars of Afghanistan's money is being held here it's the central |
| 0:26.8 | bank of Afghanistan's reserve funds and when the Taliban took over last |
| 0:31.6 | August the United States froze the money here in the Federal Reserve of New |
| 0:36.1 | York but one year later the Afghan economy is crumbling and the United |
| 0:42.4 | States is facing more and more calls to release this money on the show today |
| 0:46.7 | we're gonna hear about how dire things have become in Afghanistan and why |
| 0:51.2 | people think the Taliban needs to be trusted with these billions of dollars |
| 0:56.6 | of frozen funds today explained Ramosperm the second the United States withdrew |
| 1:10.1 | from Afghanistan the Taliban took over it was clear proof that the previous |
| 1:14.1 | government existed by the grace of the United States armed forces and the |
| 1:18.8 | story isn't dissimilar for the Afghan economy it was twisted to the United |
| 1:23.7 | States billions of the Afghan central banks reserves were stashed at the |
| 1:28.8 | Federal Reserve in New York and the funds remain here as the Afghan economy is |
| 1:34.4 | crumbling what the end of the occupation showed once and for all is that the |
| 1:39.6 | economy they set up for 20 years was a trap like the president couldn't pay his |
| 1:46.3 | own office without the United States and there were limits placed on production |
| 1:54.2 | on what could be produced how it could be produced where it could be produced |
| 1:58.8 | but the reality of that economy was that it was entirely dependent on the |
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