Former Fed Insider Explains New BRICS Monetary System
Paul Buitink talks to Kathleen Tyson, who previously worked for the Fed, Swift and Clearstream, where she set up tri party repo. She also wrote the book Multicurrency Mercantillism.In this conversation she zooms in some of the issues the current financial system suffers from, including a high debt overhang and too much dependency on the dollar.She explains how BRICS , led by China, want to reform the monetary system by using local currencies for trade and gold for long term saving.Follow Paul on X here:https://x.com/paulbuitinkTimestamps:0:00 Intro2:28 Japan's huge debt7:19 US repo market…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.