CIPS
China's cross-border payment system
Episodes
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#6015: How Banks Move a Million vs a Billion DollarsA million and a billion are the same number to a computer. The difference is liquidity, netting, and where the payment actually settles. -
#5441: Dollar Plumbing: Why Bessent's Iran Threat Has TeethOne line from Treasury can ground an airline worldwide. The reason lives in New York's clearing houses, not the currency itself. -
#2724: How Sanctions Actually Trap a CompanyHow the US Treasury freezes assets, isolates firms, and makes the world enforce its rules. -
#2154: Iran's Shadow Architecture Beyond MissilesIran's power isn't just military proxies. Discover the hidden financial, religious, and diplomatic networks that keep Tehran relevant.