Lord Jim O'Neill
speaker
446 appearances
2 recordings
1 series
first heard Jul 2026
last heard 5 Aug
Lord Jim O'Neill’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.
Appearances
Maggie Thatcher had just introduced capital market liberalization, including controls on international capital.
In the 1970s, we didn't have free-flowing capital.
And linked to huge, deep issues of society.
Another 30 years, people in America might not want a monetary system in the way the one we have today.
And who knows about that?
But the second more substantive part of why I've shifted, given modern technology and the whole digital payments thing, I increasingly think that BRICS countries can...
introduce some kind of BRICS plus pay instrument for trade between themselves.
There is a proposal that's doing the rounds that if you introduced a GDP weighted version of that and used it for payments on trade between the BRICS countries, that could easily and probably will become a significant thing that's going to rise in usage.
I don't think it, I mean, some parts of crypto technology would be, I think, I think blockchain.
I mean, I'm a bit of a sort of Neanderthal when it comes to this, but I have started to understand it a bit more.
Some of the technology linked to blockchain would be necessary, but no, it wouldn't be a crypto.
People wouldn't be able to trade it.
It would be for literally a form of trade payments.
It depends what those kind of sanctions would be.
I guess they would have to go more strongly down the path of financial sanctions and intermediation in things which link to the dollar settlements basis.
But for the same reason, Robert, and I think that's where your mind was going,
they are certainly also trying to pursue an alternative to the swift payment system for this very reason as well.
And one of the downsides to the sort of speed of the approach on the Russian sanctions is that, of course, many other countries in the global south are worrying that at some point with, let's call it, an erratic US president,
If he gets out of bed on the feeling the wrong mood one day, you know, he could have a go at them about something that wasn't quite as worthy as the justifications.
It was, in my opinion, with Russia.
Showing 141–160 of 446 · page 8 of 23
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