In Episode 286 of Hidden Forces, Demetri Kofinas speaks with Diana Choyleva and Dinny McMahon, the co-authors of a comprehensive new report that examines China’s plans to decouple from the dollar-based global trading and financial system.
In this conversation, Choyleva and McMahon discuss Beijing’s rationale for wanting to transform the renminbi into an international currency, how the Chinese communist party is striving to make that transformation, why it might prove unattainable, and what progress we can expect them to make over the coming decade. Regardless of whether the yuan proves capable of challenging US Dollar hegemony, the changes that Beijing is pursuing will have a profound impact on the functioning of trade and financial markets around the world. These changes will create new challenges for governments, businesses, and investors. Understanding what these challenges are, the steps that Beijing will take to overcome them, and how policymakers in the US and Europe will respond is crucial to making any reliable forecast about the future of the international political economy.
If you want to listen to the second part of this conversation, which includes a discussion about the digital renminbi, how Beijing is trying to institutionalize yuan outflows and increase international demand for the yuan, and policy prescriptions for Western governments you can do that by becoming a subscriber to one of our three content tiers at HiddenForces.io/subscribe. All subscribers get access to our premium feed which you can listen to on your phone using your favorite podcast app just like you are listening to this episode right now.
If you want to join in on the conversation and become a member of our Hidden Forces Genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, feel free to send an email to info@hiddenforces.io, and Demetri or someone else from our team will get right back to you.
If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following:
Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed
Write us a review on Apple Podcasts & Spotify
Subscribe to our mailing list at https://hiddenforces.io/newsletter/
Producer & Host: Demetri Kofinas
Editor & Engineer: Stylianos Nicolaou
Subscribe & Support the Podcast at https://hiddenforces.io
Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod
Follow Demetri on Twitter at @Kofinas
Episode Recorded on 12/01/2022
Crypto Contagion, Genesis, & the FTX-USDT Connection | Coffeezilla
America 2024, Ukraine Politics, & the Ubermensch | Marshall Kosloff
The Downfall of FTX and Crypto’s Path Forward | Vance Spencer & Michael Anderson
Who is Sam Bankman-Fried and What Really Happened at FTX? | Marc Cohodes
Energy Security, Geopolitics, & the New Energy Order | Meghan O'Sullivan & Jason Bordoff
What are the Politics of a Fed Pivot? | Nick Timiraos
How Does China See the World? | Kaiser Kuo
Conspiracy Theories: Why the Rational Believe the Irrational | Michael Shermer
The Rise of the Global Dollar System | Perry Mehrling
How to Prepare the World for a Peaking China | Michael Beckley & Hal Brands
Dollar Milkshake Wrecking Ball | Brent Johnson & Michael Kao
The Battle Over Semiconductors & US-China Competition | Chris Miller
Why There Are Reasons To Be Hopeful About America | Scott Galloway
The Rise of Inflation & the Great Demographic Reversal | Charles Goodhart
Secular Inflation & the End of the Great Moderation | Nick Timiraos
Oil Market Update Report & Live Q&A | Rory Johnston
Navigating a World Trapped Between Scarcity & Abundance | Mike Green
Machine Intelligence, Humanity, & the Will to Power | Demetri Kofinas
Alex Jones & the War on Information | Alex Lee Moyer
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money