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

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.

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Spotlight on Moldova: Chisinau's Ambassador Talks Democracy, Security and Wine

Spotlight on Moldova: Chisinau's Ambassador Talks Democracy, Security and Wine

Nick Danforth sat down with Moldovan Ambassador to the United States Viorel Ursu last week to discuss democracy, energy and Russian hybrid warfare, not to mention Black Sea security and the post-conflict politics of wine exports.

22 Mars 202436min

Fortifications, Manpower, and Munitions in Ukraine's Daunting Year Ahead

Fortifications, Manpower, and Munitions in Ukraine's Daunting Year Ahead

Mike Kofman, fresh back from a research trip to Ukraine, spoke with Ryan about Ukraine's main challenges in facing down Russia this year.

17 Mars 202429min

Warsaw's Man in Washington on European Security and Poland's Defense Buildup

Warsaw's Man in Washington on European Security and Poland's Defense Buildup

Ryan visited Ambassador Marek Magierowski at the Polish Embassy in Washington. They spoke about Poland's military build-up and the challenges posed by Russia's ongoing war against Ukraine. Much of their conversation focused on defense industrial issues, which sit at the heart of NATO's most difficult hurdles.

11 Mars 202433min

Gen. Brito of Training & Doctrine Command Talks Army Professionalism

Gen. Brito of Training & Doctrine Command Talks Army Professionalism

Ryan sat down at the Pentagon with Gen. Gary Brito, who leads U.S. Army Training and Doctrine Command, to talk about strengthening Army professionalism, which Gen. Randy George, the chief of staff of the U.S. Army, has identified as one of his key priorities. Whether you're a solider, Department of the Army civilian, a contractor supporting the Army, or just someone interested in the future of America's Army, this episode is for you.

5 Mars 202433min

The Russo-Ukrainian War at Two

The Russo-Ukrainian War at Two

On the second anniversary of Russia's full-scale invasion of Ukraine, Ryan and Mike Kofman sit down to chat about where the war stands today and where things are heading. It is, to be candid, a pessimistic conversation. They cover the fall of Avdiivka, military leadership changes, Ukraine's mobilization challenges, Congressional dysfunction, European defense spending, and more.

24 Feb 202436min

Iraq Between Suits and Fatigues

Iraq Between Suits and Fatigues

Last week, Nick Danforth sat down with Denise Natali, Doug Ollivant and Bilal Wahab to discuss the latest in Iraqi politics? They debated what Iraq was like on Oc. 6th, how it has been impacted by the war in Gaza, and where the country will be five years from now.

19 Feb 202435min

Security in the Indo-Pacific with Assistant Secretary of Defense Ely Ratner

Security in the Indo-Pacific with Assistant Secretary of Defense Ely Ratner

Ryan and Ely Ratner, assistant secretary of defense for Indo-Pacific security affairs, chatted about, well, it's in his job title. They discussed North Korean intentions, American military posture, deepening cooperation between South Korea and Japan, Chinese military modernization, corruption in the Chinese military, and deterring an attack on Taiwan.

13 Feb 202445min

The End of the Golden Era of Arms Control

The End of the Golden Era of Arms Control

As the world grapples again with the dangers of nuclear weapons use, Aaron sat down with Ankit Panda, a senior fellow at the Carnegie Endowment for International Peace, and Heather Williams, the director of the project on nuclear issues and a senior fellow in the International Security Program at the Center for Strategic and International Studies, to discuss new nuclear dynamics, the meaning of deterrence, and debate about the future of U.S. nuclear weapons strategy. PS: We are hiring a membership editor. If you want to play a critical role in driving conversations and debates about national security, you should consider applying: https://apply.workable.com/war-on-the-rocks/j/2F3A361BCE/

8 Feb 202431min

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