Crypto’s financial time bomb - Yanis Varoufakis & Wolfgang Munchau | The Econoclasts
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As you may have guessed from our strange spelling, UnHerd aims to do two things: to push back against the herd mentality with new and bold thinking, and to provide a platform for otherwise unheard ideas, people and places. We think this approach is more needed than ever. Societies across the West are divided and stuck, and the established media is struggling to make sense of what’s happening. The governing ideologies of the past generation are too often either unquestioningly defended or rejected wholesale. It’s easy and safe to be in one or other of these two camps – defensive liberal or angry reactionary - but UnHerd is trying to do something different, and harder. We want to be bold enough to identify those things that have been lost, as well as gained, by the liberal world order of the past thirty years; but we strive to be always thoughtful rather than divisive. Welcome to UnHerd. We hope you find something that makes you think again. https://linktr.ee/unherdtv
Video Description
📰 Subscribe to UnHerd today at: https://bit.ly/3Qdkd5y Watch it on the UnHerd website: https://unherd.com/watch-listen/how-big-finance-corrupted-crypto/ Listen to the podcast: plinkhq.com/i/1685475850 Yanis Varoufakis and Wolfgang Munchau debunk the establishment consensus of the “battle” between the central banking establishment and the anti-establishment crypto rebels. They explore the fallacy of crypto and explain how its original democratic promise has been turned on its head and usurped by big finance to become its latest weapon for extracting rents. Are stablecoins just a new form of "subprime" bubble, and if so, does a financial crisis loom? Follow The Econoclasts on social media: Twitter: https://x.com/Econoclasts Facebook: https://www.facebook.com/unherd/ Instagram: https://www.instagram.com/unherd/ TikTok: https://www.tiktok.com/@unherdtv //TIMECODES// 00:00 - 02:37 - The story of crypto so far 02:37 - 11:13 - The issue with stablecoins 11:13 - 24:09 - How central banks are breaking crypto #Econoclasts #Bitcoin #Crypto
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