I've worked with macroeconomists all my career. I correspond with economists daily. I respect them, but they have their blindspots and fads like any other humans. One blindspot is thinking the world works on Adam Smith's principle of barter. It never has.
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The Yuxi Circle* has a radius of 4000km from Yuxi in the South China Sea. 4.32 billion humans, more than half of all people on Earth, live within the circumference of the Yuxi Circle. More people live inside of the Circle than on the rest of the planet...
Read MoreTransition to a Multipolar monetary order is happening faster than anyone could have expected. Yesterday it was announced that China trades more in RMB than in USD. This is a significant achievement as it means China needs fewer dollars and fewer dollar...
Read MoreFrance's President Macron, on his flight returning from China this week, stated that the EU should oppose the ‘extraterritoriality of the US dollar’. He’s right. Here’s a history lesson in how the dollar became ‘extraterritorial’ and the injustice and...
Read MoreThis Commentary explains how a Daisy Chain for financial stability stealth interventions might work. The evidence is growing, but only the Bank of Japan has confirmed stealth intervention in the JGB market, without detailing the mechanism. I first...
Read MoreToday is a day we've been working toward at Pacemaker.Global for almost 2 years. We realised then that the transition to a Multipolar economic order will require a new vision about what data is important and how data gets shared.
Read MoreLast month I wrote Bretton Woods II ended today. It went viral globally. (Came back to us through contractors in India!) Since then we started our Multipolar Transition Timeline as a way for others to follow the shift from the unipolar world of dollar...
Read MoreToday we launch our Multipolar Transition Timeline. This timeline is designed to track the major events leading to the 2022 pivot from a unipolar monetary order primarily using US dollar to a multipolar mercantile order where trade, finance, and...
Read MoreI've been waiting for today, knowing it was pre-planned and coming. Today in Riyadh at the China-Arab Summit President Xi of China formally invited the Arab nations to trade oil and gas in yuan on the Shanghai Exchange. Now the way diplomacy works...
Read MoreI am a plumber of global liquidity. I watch flows and worry about systemic risks. I started working on Pacemaker in July 2019, seeing the US Treasury market vulnerable to enduring dysfunction. Rising inflation limits the scope for effective central bank...
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