
The episode features two audio essays discussing the impending oil crisis and the potential economic fallout from Jeffrey Epstein's influence on the UK bond markets.
This week: a tale of two audio essays. Philip is going deep dive on the coming oil crisis. He sees a two-wave format emerging. The initial wave - dropping in a month or so, is already baked in. “The oil infrastructure is like a body,” he says. “if the heart stops pumping, the cells stop oxygenating, after a while they begin to die off.” They're "living chemical engineering systems" that need constant throughput. Shutdowns normally require years of planning and cost hundreds of millions. This will entail real damage to the global oil infrastructure, but eventually reparable. And then a second wave - if things persist into the autumn. Which will mean an inflationary depression. Real declines in global living standards. That future portends a potential schism – a genuine multipolar moment, as the Strait is hived off to genuine Iranian control, under the aegis of Russia and China. His message is simple: “Enjoy the beginning of summer…” While you still can. Meanwhile, Andrew has turned his attention towards Broken Britain. With the Prime Minister now holed below the waterline, is there still any potential universe in which Britain avoids a big bond market shock? What he’s calling The…
Guests: Philip, Andrew
Organizations: Broken Britain, Mandelson, Matt Stoller
Places: Iran, Russia, China, UK
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