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The Balloon Goes Up, Sanctions Busting, Nigeria's Stablecoin Faceplant

The Balloon Goes Up, Sanctions Busting, Nigeria's Stablecoin Faceplant

FromMultipolarity


The Balloon Goes Up, Sanctions Busting, Nigeria's Stablecoin Faceplant

FromMultipolarity

ratings:
Length:
56 minutes
Released:
Feb 9, 2023
Format:
Podcast episode

Description

Like so many other social media addicts, our duo were in thrall to the rogue Chinese weather balloon over the weekend. But while the rest of the commentariat were fuming at the security implications, Philip Pilkington and Andrew Collingwood are far more mystified at all the performative screeching. As Collingwood points out: "A balloon is a hundred year old technology..." In Nigeria, an attempt to vault over its range of monetary problems by using a so-called 'stable coin' digital currency has quickly descended into farce: riots and bank runs. With the Fed and the Bank of England both on the stable coin bandwagon, the Multipolarity team are curious as to why central bankers the world over are trying to foist these imperfect solutions onto us. Meanwhile, one year on from the invasion of Ukraine, can we finally conclude that the much-heralded sanctions on Russia have not only failed, but given the West itself a bloody nose? And is the political establishment finally softening up the public to confront this unpleasant truth? Code: tYv3C8aT0EdQKS1b3sYm
Released:
Feb 9, 2023
Format:
Podcast episode

Titles in the series (72)

Charting The Rise Of A Multipolar World Order Philip Pilkington is an unorthodox macroeconomist. Andrew Collingwood is an equally skeptical journalist. Lately, both have realised that - post-Ukraine, post-Afghanistan withdrawal - the old, unipolar, US-led world order is in its death throes. In its wake, something new is being born. But what shape will that take? That will depend on a combustible combination of economics and geopolitics; trade and military muscle. Each week, our duo take three off-radar news stories and explain how each is shaping our multipolar reality.