Jeffrey Sachs

speaker
3,689 appearances 22 recordings 10 series first heard Oct 2024 last heard 6d ago

Jeffrey Sachs’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
5 · Sep OctJan 26AprJulnow

Recordings per month over the last 12 months — 15 in all, peaking in Sep 2026 with 5.

Appearances

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for war.
They are built for just normal, peaceful, complex, sophisticated operations.
And a lot of that could be destroyed in a very, very short period of time.
asking the Federal Reserve a few days ago for emergency swap lines that may be needed in the event of a crisis.
This is kind of shocking because, first of all, the Emirates you think of as super rich.
Yeah.
It's the place where rich people go to put their money in the region.
Of course, it's completely destabilized by all of this.
It's a complete disaster for them, what's happened.
But they are girding
for the downstream effects of what I'm talking about, which is that first you get the physical destruction, then you get the real economy, so-called, the actual physical production of industrial products, of employment in the manufacturing sector and cascading across the economy, having a huge impact
negative consequences, but then you get the financial effects because people say, is this place viable anymore?
I'm withdrawing my money.
But the Emirates operates on a U.S.-backed dollar standard, and suddenly you have a run on your banks.
You have a run on your financial markets.
So they're already asking, can we have emergency lines of credit?
And maybe yes, maybe no, but that's the tip of the iceberg of the financial consequences that can come from all of this.
So you get a huge cascade of effects.
And then I want to mention, because I want to mention for completeness, it's more speculative, but the daily evidence is growing, that the
what we call the inter-annual phenomenon of ENSO, which is fluctuations in air pressure and currents or sea surface temperatures in the Pacific, which cause El Niños, which people know about, and La Niñas.
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