“The Market”, a Swiss financial paper, published on February 27 an interview with William White. It began with a discussion of the “new world order”, identified bty Mark Carney at Davos, and what the implications might be for the future of the current dollar -based international monetary system. This led on to the issue of rising government debt, not least in the US, and the possibilty of governments choosing financial repression, including international capital controls, as the least bad solution to this problem. The discussion ended with questions about Kevin Warsh, and how his appointment as Fed Chairman might influence eventual outcomes.
