WW3 Watch: Monetary policy during wartime
I’ve been trying to figure out what happens to a modern financial system in a global wartime framework, especially a financial system as interconnected and extended as the Western one. How would the system cope with national-scale food, energy and good shortages during a period of martial law? How would the transfer capital away from […]
WW3 Watch: The commodity fallout the market is yet to pick up on
Two days before Putin’s invasion of Ukraine, on February 22, I took part in a conversation with Stefano Marani, the CEO of Renergen, a compressed natgas, helium and LNG producer. Here’s what he told me:
Gosplan Watch: What comes after inflation?
Rome’s capitatio-iugatio was one of the world’s first gosplan systems and a precursor to the feudal serf structures that came to dominate in the medieval ages. Today both the Russian and Chinese technocratic system are channelling similar structures in their rollout of retail-linked CBDCs.
How commodity tri-party agreements might fail
EXCERPT: Commodity markets are being strained by unprecedented daily price moves on the back of the Russia/Ukraine crisis.