4.8 • 689 Ratings
🗓️ 19 October 2020
⏱️ 23 minutes
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The IMF has said it’s time to re-evaluate the global economic order, but what does that really mean?
This episode is sponsored by Crypto.com, Nexo.io and Elliptic.
Today on the Brief:
Our main discussion: A new Bretton Woods moment?
In a recent speech, the International Monetary Fund argued that the time to fundamentally re-evaluate the global economic order is here. Goldbugs see the potential to return to the gold standard, bitcoiners anticipate ever-growing stimulus and macro observers are betting on massive disruptions in the wake of central bank digital currencies.
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| 0:49.3 | It's not an inflection point in the sense that it isn't so much one moment. It's many moments all combined. |
| 0:56.4 | It's the slow withdrawal of America from the world leadership role. It's the genie out of the |
| 1:01.3 | bottle of increased spending and rising debt to GDP. And we shouldn't be waiting for one big |
| 1:06.5 | inflection point moment. It's the slow accumulation of moments like this that really changes things. |
| 1:12.5 | However, I do think that it feels like a moment potentially of punctuated equilibrium, |
| 1:17.8 | where there are more of those moments happening all the time, and it's poised for a great |
| 1:22.6 | change going forward. Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, |
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| 1:37.0 | crypto.com, nexo.io, and elliptic, and produced and distributed by CoinDesk. What's going on, guys? It is Monday, October 19th, and today we are talking about whether |
| 1:49.6 | we are in the midst of a re-evaluation of the global monetary order, whether we are in the |
| 1:56.6 | midst of a new Bretton Woods moment. First up, however, let's do the brief. First up on the brief |
| 2:03.6 | today, Chinese citizens are less than impressed with the DeSep tests. I have spoken a number of times |
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