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Bottom dollar – How Trump gave up America's grip on the global economy
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Amid the shocks created by Trump’s tariff policies, are we also seeing a kind of American economic self-harm – which threatens the long-standing dominance of the US dollar?
Gavin Esler talks to Harvard Professor of Economics and former International Monetary Fund chief economist Kenneth Rogoff, whose new book Our Dollar, Your Problem looks at the rise of the US currency and shows why its future is far from assured.
• This episode of This Is Not A Drill is supported by Incogni, the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to https://incogni.com/notadrill to get an exclusive 60% off your annual plan.
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Buy Our Dollar, Your Problem through our affiliate bookshop and you’ll help fund This is Not a Drill by earning us a small commission for every sale. Bookshop.org’s fees help support independent bookshops too.
Written and presented by Gavin Esler. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com. Executive Producer Martin Bojtos. Group Editor Andrew Harrison. Managing Editor, Jacob Jarvis. This Is Not A Drill is a Podmasters production.
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Content provided by Podmasters. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Podmasters or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Amid the shocks created by Trump’s tariff policies, are we also seeing a kind of American economic self-harm – which threatens the long-standing dominance of the US dollar?
Gavin Esler talks to Harvard Professor of Economics and former International Monetary Fund chief economist Kenneth Rogoff, whose new book Our Dollar, Your Problem looks at the rise of the US currency and shows why its future is far from assured.
• This episode of This Is Not A Drill is supported by Incogni, the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to https://incogni.com/notadrill to get an exclusive 60% off your annual plan.
• Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this.
Buy Our Dollar, Your Problem through our affiliate bookshop and you’ll help fund This is Not a Drill by earning us a small commission for every sale. Bookshop.org’s fees help support independent bookshops too.
Written and presented by Gavin Esler. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com. Executive Producer Martin Bojtos. Group Editor Andrew Harrison. Managing Editor, Jacob Jarvis. This Is Not A Drill is a Podmasters production.
Learn more about your ad choices. Visit podcastchoices.com/adchoices
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This Is Not A Drill with Gavin Esler
1 Kashmir crisis – Can India and Pakistan come back from the brink? 32:43
32:43 Play Later Play Later Lists Like Liked32:43
Play Later Play Later Lists Like LikedAs the crisis across the India-Pakistan border escalates, can the conflict be brought back from the brink? To discuss the latest from the region and the wider context of a deep-rooted interstate rivalry, Gavin Esler talks to Christopher Clary, associate professor at University at Albany, State University of New York, non-resident fellow at the Stimson Center and author of The Difficult Politics of Peace: Rivalry in Modern South Asia. • This episode of This Is Not A Drill is supported by Incogni , the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to https://incogni.com/notadrill to get an exclusive 60% off your annual plan. • Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this. Written and presented by Gavin Esler. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com . Executive Producer Martin Bojtos. Group Editor Andrew Harrison. Managing editor Jacob Jarvis. This Is Not A Drill is a Podmasters production. www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices…
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This Is Not A Drill with Gavin Esler
1 Ukraine mineral deal – What it means for Kyiv's fightback 35:29
35:29 Play Later Play Later Lists Like Liked35:29
Play Later Play Later Lists Like LikedUkraine and the US have reached a long-awaited agreement on a deal over American access to Ukrainian mineral resources. What does this mean for Ukrainian resilience in the fight against Russian invasion – and for a US-Ukraine relationship strained by the arrival of Donald Trump in the White House? Oz Katerji discusses the mineral deal and the economics of the war with Tymofiy Mylovanov , President of the Kyiv School of Economics and former minister of economy for Ukraine. • This episode of This Is Not A Drill is supported by Incogni , the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to Incogni.com/notadrill to get an exclusive 60% off your annual plan. • Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this. Written and presented by Oz Katerji. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com . Executive Producer Martin Bojtos. Group Editor Andrew Harrison. Managing Editor: Jacob Jarvis. This Is Not A Drill is a Podmasters production. www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices…
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This Is Not A Drill with Gavin Esler
1 A taster of CRIME SCENE, our new podcast – Episode 1: Guns of London 12:46
12:46 Play Later Play Later Lists Like Liked12:46
Play Later Play Later Lists Like LikedAs a follower of This Is Not A Drill, we thought you might like to try our brand new, not-entirely-dissimilar podcast CRIME SCENE . Every week ex-Met Police Commissioner Bernard Hogan-Howe and former Mirror editor Alison Phillips lift the lid on how criminal investigations really work. In our debut episode: The horrific shooting of an innocent nine-year-old girl in Dalston in 2024 laid bare bitter rivalries between London’s armed gangs. Are police they fighting a losing battle against guns in the Capital? Want to know more? Hear the full episode here and subscribe for new episodes every Thursday. Presented by Bernard Hogan-Howe and Alison Phillips. Audio production by Tom Taylor. Music by Simon Williams. Produced by Managing Editor Jacob Jarvis and Group Editor Andrew Harrison. Executive Producer: Martin Bojtos. Thanks to Helen Purvis at Knight Ayton Management. CRIME SCENE is a Podmasters Production www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices…
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This Is Not A Drill with Gavin Esler
1 Trump vs. the global order – How can the world rebuild without America? 34:45
34:45 Play Later Play Later Lists Like Liked34:45
Play Later Play Later Lists Like LikedThe first 100 days of Trump’s second term have left the rest of the world facing the challenge of maintaining a global order without American leadership at its core. What comes next is the subject of ‘ Order Without America, How the International System can Survive a Hostile Washington ’ – a recent Foreign Affairs article by the founding Dean of the Blavatnik School of Government and Professor of Global Economic Governance at Oxford University, Professor Ngaire Woods . In the latest edition of This Is Not A Drill , Professor Woods joins Gavin Esler to discuss how the liberal international order can rebuild and strengthen to tackle the challenges of the world in 2025. • This episode of This Is Not A Drill is supported by Incogni , the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to Incogni.com/notadrill to get an exclusive 60% off your annual plan. • Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this. Written and presented by Gavin Esler. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com . Executive Producer Martin Bojtos. Group Editor Andrew Harrison. This Is Not A Drill is a Podmasters production. www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices…
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This Is Not A Drill with Gavin Esler
1 Ukraine peace talks – What happens if Trump walks away? – with Luke Harding 32:25
32:25 Play Later Play Later Lists Like Liked32:25
Play Later Play Later Lists Like LikedDonald Trump famously said he could end the war in Ukraine within 24 hours. But now, he’s suggested the US might “pass” on peace negotiations – unless rapid progress is made. So, what does that mean for Ukraine, three years into Russia’s full-scale invasion? After a week of statement and counter-statement in which Volodymyr Zelenskyy reported continued Russian attacks on Ukraine despite Vladimir Putin’s unilateral declaration of a temporary Easter ‘truce’ - Gavin Esler is joined for the latest from Kyiv by The Guardian journalist Luke Harding. • This episode of This Is Not A Drill is supported by Incogni , the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to https://incogni.com/notadrill to get an exclusive 60% off your annual plan. • Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this. Written and presented by Gavin Esler. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com . Executive Producer Martin Bojtos. Group Editor Andrew Harrison. This Is Not A Drill is a Podmasters production. www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices…
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This Is Not A Drill with Gavin Esler
1 Bottom dollar – How Trump gave up America's grip on the global economy 34:37
34:37 Play Later Play Later Lists Like Liked34:37
Play Later Play Later Lists Like LikedAmid the shocks created by Trump’s tariff policies, are we also seeing a kind of American economic self-harm – which threatens the long-standing dominance of the US dollar? Gavin Esler talks to Harvard Professor of Economics and former International Monetary Fund chief economist Kenneth Rogoff, whose new book Our Dollar, Your Problem looks at the rise of the US currency and shows why its future is far from assured. • This episode of This Is Not A Drill is supported by Incogni , the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to https://incogni.com/notadrill to get an exclusive 60% off your annual plan. • Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this. Buy Our Dollar, Your Problem through our affiliate bookshop and you’ll help fund This is Not a Drill by earning us a small commission for every sale. Bookshop.org’s fees help support independent bookshops too. Written and presented by Gavin Esler. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com . Executive Producer Martin Bojtos. Group Editor Andrew Harrison. Managing Editor, Jacob Jarvis. This Is Not A Drill is a Podmasters production. www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices…
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This Is Not A Drill with Gavin Esler
1 Trump and Five Eyes – Will he break global intelligence? 33:06
33:06 Play Later Play Later Lists Like Liked33:06
Play Later Play Later Lists Like LikedDonald Trump’s volatile behaviour raises questions for intelligence sharing across the globe – so how unsafe could he make our world? Is the Five Eyes alliance between Britain, the US, Canada, Australia and New Zealand Trump-proof? And how might his actions impact it? Professor Ciaran Martin of the University of Oxford’s Blavatnik School of Government, and former chief executive of the National Cyber Security Centre, tells Gavin Esler how a rogue president could impact the free world’s intelligence services. • This episode of This Is Not A Drill is supported by Incogni , the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to Incogni.com/notadrill to get an exclusive 60% off your annual plan. • Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this. Written and presented by Gavin Esler. Produced by Robin Leeburn and Tom Taylor. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com . Executive Producer Martin Bojtos. Group Editor Andrew Harrison. Managing editor Jacob Jarvis. This Is Not A Drill is a Podmasters production. www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices…
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This Is Not A Drill with Gavin Esler
1 Cruel World – What happens when the West walks away? 44:47
44:47 Play Later Play Later Lists Like Liked44:47
Play Later Play Later Lists Like LikedTrump is dismantling USAID, pulling the rug on vital humanitarian aid and development funding, and countries across the West have followed suit in slashing foreign aid budgets. To discuss the grim ramifications of Western governments turning their back on overseas aid, and what the world can do in response, Emma Beals talks to President of Refugees International Jeremy Konyndyk, and Sara Pantuliano, Chief Executive at ODI Global. • This episode of This Is Not A Drill is supported by Incogni , the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to Incogni.com/notadrill to get an exclusive 60% off your annual plan. • Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this. Written and presented by Emma Beals. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com . Executive Producer Martin Bojtos. Group Editor Andrew Harrison. This Is Not A Drill is a Podmasters production. www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices…
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This Is Not A Drill with Gavin Esler
Could the German government’s historic vote to back a major rearmament plan prove a turning point for the whole of Europe? To discuss the German response to European security concerns, the threat of Russian aggression and an increasingly unreliable relationship with the United States, Gavin Esler is joined by Dr Nicolai von Ondarza from the Stiftung Wissenschaft und Politik in Berlin. • This episode of This Is Not A Drill is supported by Incogni , the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to https://incogni.com/notadrill to get an exclusive 60% off your annual plan. • Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this. Written and presented by Gavin Esler. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com . Managing Editor: Jacob Jarvis. Group Editor: Andrew Harrison. Executive Producer: Martin Bojtos. This Is Not A Drill is a Podmasters production. www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices…
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This Is Not A Drill with Gavin Esler
1 Peace talks deadlock – Can Putin stare Trump down? 39:33
39:33 Play Later Play Later Lists Like Liked39:33
Play Later Play Later Lists Like LikedDespite a supposed “pause” in attacks on Ukrainian energy infrastructure, Russian airstrikes against Ukraine continue. Meanwhile Trump’s much-touted call with Putin showed no evidence of moving negotiations forward. Is a genuine ceasefire possible or is Putin displaying his ability to manipulate events yet again? Sam Greene, professor of Russian politics at King’s College London and director of democratic resilience at the Centre for European Policy Analysis, talks to Gavin Esler about the peace negotiations, the Trump/Putin dynamic and what could happen next. • This episode of This Is Not A Drill is supported by Incogni , the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to Incogni.com/notadrill to get an exclusive 60% off your annual plan. • Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this. Written and presented by Gavin Esler. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com . Executive Producer Martin Bojtos. Group Editor Andrew Harrison. This Is Not A Drill is a Podmasters production. www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices…
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This Is Not A Drill with Gavin Esler
1 Can Britain win its race to rearm? – with Mike Martin MP 28:18
28:18 Play Later Play Later Lists Like Liked28:18
Play Later Play Later Lists Like LikedWhatever happens in the negotiations involving Russia, Ukraine and the United States, one thing is certain: Britain is now a key part of the European race to rearm. Military commanders, defence contractors, national security experts and politicians face a rush to fill in the gaps in European security left by an unreliable American president. The proposed EU ReArm Europe plan outlines 800 billion Euros for defence spending – but how much time do we have to make it work? And where does Brexit Britain fit in with ReArm Europe? Mike Martin is a former army officer and now Liberal Democrat MP who specialises in defence issues. He talks to Gavin Esler about the daunting task ahead. • This episode of This Is Not A Drill is supported by Incogni , the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to Incogni.com/notadrill to get an exclusive 60% off your annual plan. • Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this. Written and presented by Gavin Esler. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com . Executive Producer Martin Bojtos. Group Editor Andrew Harrison. This Is Not A Drill is a Podmasters production. www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices…
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This Is Not A Drill with Gavin Esler
1 Trump’s Greenland grab – A great power contest in the Arctic? 32:48
32:48 Play Later Play Later Lists Like Liked32:48
Play Later Play Later Lists Like LikedIs there more to Trump’s designs on Greenland than just whim and chaos? As climate change melts the Arctic ice, global powers are positioning themselves over newly-opened resources, trade routes and strategic opportunities – and Trump’s America no longer abides by international rules or alliances. Will the Arctic Ocean and North Atlantic become a new arena for old-fashioned great power rivalry? Klaus Dodds , an expert on the polar regions and professor of geopolitics at Royal Holloway, University of London, explains all to Gavin Esler . • This episode of This Is Not A Drill is supported by Incogni , the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to Incogni.com/notadrill to get an exclusive 60% off your annual plan. • Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this. Written and presented by Gavin Esler. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com . Executive Producer Martin Bojtos. Group Editor Andrew Harrison. This Is Not A Drill is a Podmasters production. www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices…
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This Is Not A Drill with Gavin Esler
1 Trump vs. Zelenskyy: With friends like this... 41:32
41:32 Play Later Play Later Lists Like Liked41:32
Play Later Play Later Lists Like LikedHow can Zelenskyy work with a US President he fundamentally can’t trust? Trump’s decision to pause US aid to Ukraine was the final act in a seismic weekend which sent shockwaves through Europe. Following the dire spectacle of Trump and Vance rounding on Zelenskyy in the Oval Office, is the relationship now purely coercive? Oz Katerji talks to Kyiv-based conflict and human rights journalist and CEO of the Public Interest Journalism Lab Nataliya Gumenyuk, to assess Ukraine’s choices as the world order tilts on a dangerous axis. • This episode of This Is Not A Drill is supported by Incogni , the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to Incogni.com/notadrill to get an exclusive 60% off your annual plan. • Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this. Written and presented by Gavin Esler. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com . Executive Producer Martin Bojtos. Group Editor Andrew Harrison. This Is Not A Drill is a Podmasters production. www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices…
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This Is Not A Drill with Gavin Esler
1 How will Europe defend itself without America? – with Air Marshal Edward Stringer 31:47
31:47 Play Later Play Later Lists Like Liked31:47
Play Later Play Later Lists Like LikedWith Trump seemingly determined to destroy any vestige of a US security guarantee for Europe, is the NATO era coming to an end? Gavin Esler talks to Air Marshal Edward Stringer , who served as Britain’s Director-General of Joint Force Development, Strategic Command, about Europe’s new security reality. Can Europe cope with the threat of an expansionist Russia on its Eastern flank, and a US President who shows no interest in shared values and alliances? • This episode of This Is Not A Drill is supported by Incogni , the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to Incogni.com/notadrill to get an exclusive 60% off your annual plan. • Go to http://proton.me/notadrill to receive a 38% discount on Proton Mail • Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this. Written and presented by Gavin Esler. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com . Executive Producer Martin Bojtos. Group Editor Andrew Harrison. This Is Not A Drill is a Podmasters production. www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices…
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This Is Not A Drill with Gavin Esler
1 Peace talks – Is Trump throwing Ukraine to the wolves? 36:19
36:19 Play Later Play Later Lists Like Liked36:19
Play Later Play Later Lists Like LikedThe free world is reeling and Putin is jubilant as Trump goes over the heads of Ukraine and Europe to “negotiate” directly with Russia – cutting Zelenskyy and European leaders out of talks in Saudi Arabia. Will the two autocrats simply carve Ukraine up between them? Will they heed Zelenskyy’s demand that there be no settlement without Ukraine’s participation? And given Russia’s record of deception, is the notion of a fair and lasting peace just a naive fantasy? Oz Katerji hears the reaction to the Riyadh talks from Kyiv with Maria Avdeeva , security expert and senior fellow at the Foreign Policy Research Institute. • This episode of This Is Not A Drill is supported by Incogni , the service that keeps your private information safe, protects you from identity theft and keeps your data from being sold. There’s a special offer for This Is Not A Drill listeners – go to Incogni.com/notadrill to get an exclusive 60% off your annual plan. • Support us on Patreon to keep This Is Not A Drill producing thought-provoking podcasts like this. Written and presented by Oz Katerji. Produced by Robin Leeburn. Original theme music by Paul Hartnoll – https://www.orbitalofficial.com . Executive Producer Martin Bojtos. Group Editor Andrew Harrison. This Is Not A Drill is a Podmasters production. www.podmasters.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices…
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