How does financial architecture shape the global order? Chris is joined by Emmanuel Daniel—author of The Great Transition and founder of TAB Global—for a sweeping look at how banking, capital markets, and emerging technologies are redefining geopolitics. They explore the evolution of the US dollar, the impact of digital currencies, and whether China can build a viable alternative to Western capital markets. Emmanuel explains how the US became a financial superpower, why tariffs may backfire, and how AI and blockchain are transforming both power and inequality. Plus: why the next dominant players may not be large states at all.

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Find more about Emmanuel on his website: https://www.emmanueldaniel.com
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Secrets and Spies is produced by F & P LTD.
Music by Andrew R. Bird

Secrets and Spies is a spy podcast that sits at the intersection of intelligence, covert action, real-world espionage, and broader geopolitics in a way that is digestible but serious. Hosted by filmmaker Chris Carr and writer Matt Fulton, each episode examines the very topics that real intelligence officers and analysts consider on a daily basis through the lens of global events and geopolitics, featuring expert insights from former spies, authors, and journalists.