This episode is sponsored by, Arculus and FTX US.

Earlier this week, Credit Suisse strategist Zoltan Pozsar published a research memo titled “Bretton Woods III” that argued the West’s Russia sanctions were an inflection point moment that would push the world economy into a new world monetary order. In this episode, NLW breaks down the argument, shares some counterpoints and explores what it all has to do with bitcoin.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Hulton Archive/Getty Images, modified by CoinDesk. Join the discussion at