The City of London Episodes w/ Phil Gibson, Philos Miscellany and Stormy Waters
Summary
Phil Gibson joins Pete Quiñones to discuss Larry Romanoff’s article on the City of London, arguing it functions as a sovereign state and global money-laundering hub. They analyze how the transition from LIBOR to SOFR has shifted monetary control away from British banks, effectively ending American dependence on the City’s financial influence. The conversation also touches on the Chevron doctrine’s impact on regulatory power and the geopolitical implications of the current "higher for longer" interest rate environment.
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