{"podcast":{"title":"Reinvent Money","slug":"reinvent-money-7113646","podcast_index_feed_id":7113646,"rss_url":"https://anchor.fm/s/c25d6818/podcast/rss","website_url":"https://www.youtube.com/c/ReinventMoneyVideos/featured","image_url":"https://d3t3ozftmdmh3i.cloudfront.net/production/podcast_uploaded_nologo/32509014/32509014-1666001429181-c5ba2610ccf1d.jpg","author":"Reinvent Money","episode_count":80,"summary":"Welcome to reinvent.money where Paul Buitink conducts insightful interviews with leading people in the macro and money space in order to improve public understanding of what's wrong with our financial system and how it can be improved. Paul has been active in both the mainstream and alternative finance space, having worked at a bank, credit insurance company, gold companies and a Bitcoin exchange. He was also one of the driving forces behind the campaign to establish a full reserve bank in The Netherlands, called depositobank. Paul lives in The Netherlands.","last_synced_at":null,"page_url":"https://stenobird.com/podcast/reinvent-money-7113646"},"episode":{"title":"Former Fed Insider Explains New BRICS Monetary System","slug":"former-fed-insider-explains-new-brics-monetary-system","published_at":"2025-11-25T20:02:56+00:00","page_url":"https://stenobird.com/podcast/reinvent-money-7113646/former-fed-insider-explains-new-brics-monetary-system","show_page_url":"https://stenobird.com/podcast/reinvent-money-7113646","url":"https://podcasters.spotify.com/pod/show/reinvent-money/episodes/Former-Fed-Insider-Explains-New-BRICS-Monetary-System-e3bfdaj","audio_url":"https://anchor.fm/s/c25d6818/podcast/play/111702803/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2025-10-25%2F413160944-44100-2-a645c97c8a62d.mp3","summary":"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","meta_description":"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 M…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2950,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/reinvent-money-7113646/episodes/former-fed-insider-explains-new-brics-monetary-system/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/reinvent-money-7113646/former-fed-insider-explains-new-brics-monetary-system.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}