# Former Fed Insider Explains New BRICS Monetary System

Page: https://stenobird.com/podcast/reinvent-money-7113646/former-fed-insider-explains-new-brics-monetary-system
Text version: https://stenobird.com/podcast/reinvent-money-7113646/former-fed-insider-explains-new-brics-monetary-system.md
Podcast: [Reinvent Money](https://stenobird.com/podcast/reinvent-money-7113646)
Published: 2025-11-25T20:02:56+00:00
Episode link: https://podcasters.spotify.com/pod/show/reinvent-money/episodes/Former-Fed-Insider-Explains-New-BRICS-Monetary-System-e3bfdaj
Audio file: https://anchor.fm/s/c25d6818/podcast/play/111702803/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2025-10-25%2F413160944-44100-2-a645c97c8a62d.mp3
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JSON: https://stenobird.com/v1/public/podcasts/reinvent-money-7113646/episodes/former-fed-insider-explains-new-brics-monetary-system
Duration seconds: 2950

## Resource

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, liquidity issues and interest rates13:43 Potential for QE15:02 Cayman Islands 20:36 Multicurrency mercantillism26:43 Chinese trade in renminbi29:29 More debt issued in other currencies31:52 The rise of local currencies in international trade35:13 The Chinese payment system CIPS36:02 BRICS multicurrency plan41:48 US - China relations48:00 Outro

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## Transcript

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