Unraveling of the Global Order? | Rana Foroohar

Bankless

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Tech News, News, Technology

4.8 • 1.1K Ratings

🗓️ 15 April 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Donald Trump is attempting something no leader has done before—unwind the global economic order. In this episode, Financial Times columnist and CNN analyst Rana Foroohar joins us to unpack Trump’s economic strategy, the unraveling of Bretton Woods, and whether America is becoming an emerging market. From soaring bond yields to declining dollar strength, we explore what markets are signaling, how business leaders are reacting, and why this may mark the end of the neoliberal era. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🌐SELF | PROVE YOURSELF https://bankless.cc/Self 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🏦INFINEX | THE CRYPTO-EVERYTHING APP https://bankless.cc/Infinex ------ TIMESTAMPS 0:00 Intro 4:20 Trump Unwinding Global Order? 13:39 Emerging Market Paradigm 21:51 All-In Debate 26:22 Manufacturing Jobs 31:55 Trump Vibe Based President? 35:41 90-Day Tariff Pause Signal 38:41 Centralizing U.S. Supply Chain 40:54 Where Rana Finds Signal & Crypto 45:16 Closing & Disclaimers ------ RESOURCES Rana Foroohar https://x.com/RanaForoohar America the Unstable https://www.ft.com/content/e7a0af16-6ecf-4e04-8fa3-4de5646e8d58 The Great Tariff Debate with David Sacks, Larry Summers, and Ezra Klein https://youtu.be/KcmMOZKnKAk?si=52ZULN6T_xyirh23 Stephen Miran’s A User's Guide to Restructuring the Global Trading System https://x.com/SteveMiran/status/1856745675943207362 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Transcript

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0:00.0	Welcome to Bankless, where we explore the frontier of internet money and internet finance.
0:06.0	And today we are exploring the continuing saga of the Liberation Day tariffs.
0:10.0	On the show today, I have a traditional finance commentator, Rana Faruha.
0:14.0	She's a F.T. columnist. She's a CNN economic analyst.
0:17.0	And she has a wealth of knowledge on capital markets and geopolitics.
0:20.0	We start their conversation today discussing Donald Trump attempting something that no one
0:24.5	has ever attempted before, which is materially, credibly attempting to unwind the global
0:29.7	world order by upending the Triffin Dilemma, threatening the U.S. dollar as a global
0:33.9	reserve currency, and for the first time in decades, making material pushes to restore
0:38.0	manufacturing back to the United States. Is this good or bad? What are the costs of doing this?
0:44.0	Do they outweigh the benefits? What are the stock market, the bond market, and the dollar strength
0:48.2	index signaling about these strategies? Rana alikens the decisions of Donald Trump to treating
0:53.7	America's capital markets much more like an emerging
0:55.8	economy, and we discussed the consequences of that, both good and bad. Rana is not the usual
1:00.7	commentator that we typically have on bank lists, but she nonetheless delivered a particularly
1:04.6	educational and insightful interview. And it was an honor to have her on the show. So let's go ahead
1:08.9	and get right into the interview with Rana Faruhar.
1:11.0	But first, a moment to talk about some of these fantastic sponsors
1:13.8	that make the show possible.
1:14.7	Imagine verifying yourself without handing over personal data.
1:17.8	No hacked databases, no unnecessary personal exposure
1:20.6	for AirDrops, and no AI bots ruining community governance.
	...

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