PODCAST: The War in your Wallet: The Real Invisible Hand
War on the Rocks4 Loka 2013

PODCAST: The War in your Wallet: The Real Invisible Hand

In this podcast, we take a look at a rarely discussed, structural vulnerability in advanced societies: the payments and settlements system. We first put this system in the historical context of economic warfare, then look at some potential forms of attacks, followed by a discussion with Michelle Couturier about possible local defensive measures. The vulnerability of the advanced economies to economic warfare attacks is increasing as we use primarily fiat currencies, the largest part of which exist in digital formats only with little to no reserves. At the same time, we have allowed the functioning of our local, national and international economies to migrate over at a complex network of computer systems of dubious heritage and stability. The central nervous system of our economy is now the international payments and settlements which is jointly run by a series of Central Banks and Financial Institutes. We focus the discussion on a simple proposition: what bankers are allowing to happen (consciously or not) at Central Banks and Financial Institutions (FIs) is far more fearsome than what terrorists have planned in the past. A failure of their jointly operated payments and settlements system would do more systemic damage to the advanced economies than any terrorist attack has done to date. This failure could result from an exterior attack by a state or group, an insider threat, or from technical failures in an overly complex system. For the full show notes for this podcast, and accompanying papers, check out brokenmirrors.ca. Photo Credit: Mike Gifford, Flickr.

Jaksot(314)

How America's Special Operators are Preparing for a High-Tech Future

How America's Special Operators are Preparing for a High-Tech Future

Down in Tampa on the sidelines of SOF Week, Ryan spoke with Lt. Gen. Frank Donovan, vice commander of Special Operations Command, in front of a live audience about how America's special operators are leading the way on the the future of warfare, from great power competition to data and AI — or, how our guest puts it, from the seabed to low earth orbit.

19 Touko 17min

The Risks of the Latest India-Pakistan Crisis

The Risks of the Latest India-Pakistan Crisis

We are sharing a free episode of Thinking the Unthinkable with you all due to fast-moving events between India and Pakistan. This episode features host Ankit Panda and guest Sameer Lalwani discussing the risks involved in a military conflict between nuclear-armed India and Pakistan. This episode was recorded after the April 22 attack in Kashmir that prompted the current round of tensions and before India launched strikes on Pakistan, and digs into the risks in the event of an attack.

7 Touko 40min

The Army's Upcoming Transformation, with Secretary Driscoll and Gen. George

The Army's Upcoming Transformation, with Secretary Driscoll and Gen. George

Ryan popped across the Potomac to the Pentagon to speak with Secretary of the Army Daniel Driscoll and Army Chief of Staff Gen. Randy George about the ambitious Army Transformation Initiative. Following a directive from the secretary of defense, the initiative aims to streamline the Army's force structure, cut wasteful spending, and rapidly modernize its capabilities.

6 Touko 36min

Will Russia's War on Ukraine Keep Resisting Trump's Diplomacy?

Will Russia's War on Ukraine Keep Resisting Trump's Diplomacy?

Michael Kofman and Dara Massicot join Ryan to unpack how the Trump administration's ambitious peace efforts have collided with reality. They dive into how strategic calculations, politics, military conditions, and societal developments have shaped diplomacy, assessing how various pressures and intentions could redefine — or derail — pathways toward ending the war.

5 Touko 40min

Gen. Berger on Leadership in a Turbulent Era

Gen. Berger on Leadership in a Turbulent Era

In today's world, turbulence isn't temporary — it's the new normal. In this episode, Gen. (ret.) David Berger, former commandant of the U.S. Marine Corps, shares why adaptability, resilience, and grit are not just desirable but essential traits for leaders in an uncertain and unpredictable age. Successful leaders must embrace disruption rather than waiting for stability to return, he tells Ryan. And after offering insights from his career as a Marine officer, including his experience planning and leading Force Design 2030, Gen. Berger shares what life has been like after hanging up the uniform.

1 Touko 24min

The Future of Sweden's Military with Chief of Defense Michael Claesson

The Future of Sweden's Military with Chief of Defense Michael Claesson

Gen. Michael Claesson, Chief of Defense of the Swedish Armed Forces, joined Ryan during a visit to Washington to share how NATO has changed Sweden's armed forces as well as the details of their modernization, consolidation, and expansion efforts — on land, at sea, and in the air. They also discuss the challenges of mobilization in future wars defined by higher technology systems, training, working with industry, and how Sweden has learned from Russia's war against Ukraine. Claesson ends with his views on how he tries to shape Sweden's next generation of most senior military officers.

16 Huhti 18min

Not the Last Net Assessment

Not the Last Net Assessment

In this joint episode with the Net Assessment crew, recorded last week on "Liberation Day," Ryan joins Chris, Zack, and Melanie to talk about what's happening in the world as well as the future of Net Assessment, which is moving on to its forever home with the Stimson Center. If you would like to support Net Assessment, please consider donating to this special fund. https://www.stimson.org/support/ We also feature a trailer from a series of panels convened by former Australian Prime Minister Malcolm Turnbull, which you can listen to in full on his podcast, Defending Democracy. https://podcasts.apple.com/us/podcast/defending-democracy-with-malcolm-turnbull/id1674095396

11 Huhti 27min

A Stroll Through the Indo-Pacific, the Most Important Region in the World

A Stroll Through the Indo-Pacific, the Most Important Region in the World

In this episode, we get into what's driving the Indo-Pacific's security dynamics, from China's threats to Taiwan to AUKUS and the Quad to stability (or lack thereof) on the Korean Peninsula to bases in the Philippines. We also touch on how prepared the United States may be to deliver military power in the Indo-Pacific based on forthcoming resourcing decisions by the Trump administration and Congress. Get ready for a smart, insightful conversation you won't want to miss with Lisa Curtis (CNAS), Zack Cooper (AEI), and Dmitri Alperovitch (Silverado). Cooper has a great new book out called Tides of Fortune: The Rise and Decline of Great Militaries (https://a.co/d/cP4OPgU). And so does Alperovitch, who wrote World on the Brink: How America Can Beat China in the Race for the Twenty-First Century (https://a.co/d/eUDRdlF) with Garrett M. Graff.

26 Maalis 43min

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