Investing Will Be A LOT More Complicated From Here Due To Geopolitics | Michael Every, Rabobank
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- čas přidán 20. 06. 2024
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Since today's guest was last on this program back in December, the world has continued to fracture geopolitically.
Where is that trend taking us? And what will the impact be on global prosperity?
The majority of folks who watch this Thoughtful Money channel are primarily from the US, Canada, Europe and Australia. So to provide a perspective from a non-Western point of view, I'm pleased to welcome Michael Every back onto the program.
Michael is Global Strategist at Rabobank, and joins us from Thailand.
#geopolitics #trade #investing
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What about Seattle?
Great interview. I'd love a reading list from Michael. I very much believe in first looking to the original sources to form opinions - and it seems he does too! Ad fundum!
Your guest did not think clearly through the subject and his analysis is superficial.
@@SunBattery Care to elaborate?
@@heldaneurbanus5135 The discussion is theoretical and the guest did not cover any of the specifics. The good advise is reserved for paying customers. Giving out dated/incomplete advise is worse than no advice at all. The changes that the guest says will happen in two decades have already taken place. BYD (EVs), CATL (batteries), Huawei (in key areas like Inverters..) have a two decade lead on their EU and US competitors, in high tech a 2 decade lead is insurmountable. The Rest have many of the essential resources for the new economy like Nickel and can shut out the other rest. The world is shifting to a post oil reality that could happen faster than most experts predict which would have big consequences on the petro-dollar. Japan is declining (demographics & economy) and will need to liquidate its treasury and Agency bonds and that would have an impact on interest rates, China holds more than $6.5 Trillion in US bonds and would have to liquidate in the near future (return of capital more important than return on capital). So many important points are not considered. The world is reverting back to a pre-1492 economy, so each block could live and prosper in complete isolation of the other, the west will need to learn to live peacefully with the rest w/o trying to impose its values.
Michael Every's perspective of where we are in the geopolitical landscape is interesting. Please bring him back, Adam.
Agreed I enjoyed the discussion, it wasn’t overly biased, and I enjoyed the objectivity of “nobody knows but it could be this way or it could be that way, we will have to see and play it by ear” instead of the familiar CZcams investment/trading-expert permabear vs permabull dynamic
Brilliant Guest!🌞
Big thinker Every completed a few dots for me in the overall geo-strategic picture of the world today. Great discussion,--so apropos of this channel. Please have him back at major turning points going forward.
It was a good discussion except,..
the comment attributed to some American politician (W Bush) saying "the problem with the French is they don't have a word for entrepreneur" was,..
1, uncalled for,
2. turns out to NOT be true,.. so who's theIdiot here,..
3. even if Bush did say it,..
I'll take him over the shitforbrains liars Egore or John "hey russia please if you're going to attack Ukraine and commit war crimes,.. do it wrt to sensitivity to climate change" Kerry who ran against Bush,
or dances with ghosts feeble minded weekend at Bernie's senile ole joe,
any other US demcorat leader,.. including lyingNobama who unnecessarily doubled the debt on far left pork,
or any of the shitforbrains leaders and governments in Europe who thought it was a good idea to jump head first into the deep end of the nonsense that CO2 is the biggest threat to national security,.. and becoming dependent on Europe's actual biggest threat to national security,.. russia and china.
And I think Bush was aMoron,..
but Bush was a rocket scientist compared to these others.
Even with Bush's wars,.. the economy, the deficits, the debt,... even the GFC was small potatoes compared to all of the domestic and foreign geopolitical crises this insane administration has created.
Bush didn't destroy America as senile ole joe and the demcorats are doing,... he destroyed other countries,. our enemies' countries.
I'll take moronBush back any day over what we have today.
And my first pick was DeSantis,.. but I'' take anything over senile ole joe,.. even Trump.
I know you snowflakes can't handle the New York rough edges of Trump,.. but America can't take 4 more years of demcorats destroying the country.
Michael Every is one my favorite guests, along with Brent Johnson and Mike Pento. Thank you.
Thank you for bringing Michael on! I'm a retired skilled tradesman in the US and I ended my career trying to teach young people a skill that would allow for them to provide a decent living for themselves and a family if that's their goal. The general public, politicians, academia and even my family look down on those that actually produce as "less than us". I find it highly amusing when they hire a plumber or an electrician and find out what it costs to prevent getting their hands dirty and maintain their lifestyle of arrogance.
I’m a retired baker. I am certified as a master and can formulate cakes, breads and rolls. You name it.
I always made good wages and was able to buy and pay for several homes
Also have a pilot rating and airplane…yet the white collar folk look down their nose at my way of living. They pay through the nose for their bachelor, masters degree and have nothing to show for it but thousands upon thousands of dollars in student loan debt.
I don’t get it. It’s more than foolish, it’s downright stupid.
The choices people make and not thinking about the long term effects of the choices made.
I to enrolled in college but was running out of money and did not want to take out student loans so I got a job at bakery. They liked my work and offered me an apprenticeship and I accepted.
It wasn’t long before I started to think that the university was a waste of time and money and so I decided to not enroll for the next year.
I never regretted my decision.
This guy is so interesting and knowledgeable. Appreciate his description of the era of globalization as ”naive” :) As a Swede I can relate to his view regarding Europe. Germany has developed a self-injurious behavior both in energy and industrialization. France will emerge as one of the few stable nations left on the continent. Please invite Michael Every back!😊
Michael Every is class, I would really hope policy makers and many think tanks would access the discussions and research he kindly shares and articulates with realism and objectivity to provide multiple scenarios and viewpoints. Wish I had a quarter of Michael’s brain power. Bravo and thx u 👏
He's correct that Germany has not been independent since at least WW1. They were recently shown who's in charge via Nordstream. Germany is becoming deindustrialized and demoralized. It took about 100 years longer than expected by the victors.
✅️
And whats your take? Who blew up Nordstream?
Fantastic interview!!!! Bring him back please!!!
Exceptional interview with 30,000 ft-level thinking that you would never, NEVER, even superficially get on the dumbed down business entertainment cable channels!
I always feel a little bit smarter after watching Adam’s interviews. But when he interviews Michael it’s more than just a little bit. Can’t wait for the next time, truly excellent.
Excellent interview, phenomenal guest.
I really wish your channel becomes more famous here in Brazil. The interviews are very helpfull to a global view
But we used to make our own car parts, had our own saw Mills, and on and on. People were needed to make things before 90s. My mom was reading a newspaper on Stone Mountain park in GA I. Vacation in motor home, looked up at me, and said in August 1992, WE are in real trouble …Disney just took over US Steel on rankings in something. In my 1994 meeting held at MSU presented by some one from DC, showed slides that US was turning to a service industry, not manufacturing and with that lower wage and benefited jobs for our population. I was much younger in learning mode, but remember. Here we are.
More observations of a country in decline.
A balanced view on the current geopolitical situation 👍
Adam while all your guests are great, NO ONE adds what Michael Every does. Fantastic guest!!!!!
Michael is one of those guys that can see over the horizon and knows what he is seeing.
Amazing video again Adam!
Your the best!
Norway is FULL of Chinese vehicles.
It used to be that everyone bought Teslas, but now its Chinese BYD, Honqi, Mg etc.
They are ATLEAST 20 to 50 percent less than german EV s like VW, BMW, Mercedes etc, but those Chinese cars provide way more power and tech with quite good materials and their interior looks and even feels better in certain cars than their rival german cars.
surely they are cheaper(subisdising does the job!) .Do they have better quality? I doubt about.it.Wait couple of years more and do an update then( do not forget these are not smartphones) .I would never buy a chinese product due to mostly poor quality but also because i don't want to sponsorship the CCP(my money,my choice) .Exactly this is what the guest told about "the German way" : as long as you can do a buck more, you can be brother wit the devil it-self.My add on this: 100% this is the most easy way to preserve your well-being ( at least on short or even mid-term),but on long run you( or perhaps your children) are gone to pay the price ( nothign comes free!).Again,exactly this what the guest tried to explain when he described the globalization started in the 90's : be aware with whom you are doing bussines.
Michael. One of my favorites. Sincere guy.
What a brilliant brilliant interview!!
Great discussion, thanks for having Michael on!!
Thank you gentlemen
Samaa mieltä, oikein avartavaa.
Michael is a great guest. Thank you Adam
Great commentary and analysis at the tail end from New Harbor. These guys are really thoughtful and insightful . I really enjoy their viewpoints on both the Macro and Micro.
Terrific discussion. Thank you.
Great Interview, Michael Every is always interesting to listen too!
Thank you Adam , very illuminating guest . Vis a vis the different aspirations of France and Germany let me put it this way. The European Union project was always going to be fraught with difficulties but at least 20 years ago it had a strong axis as demonstrated by Messrs Mitterand and Kohl .That cooperation no longer exists and F and G rarely sing form the same hymn sheet these days even if they pretend to. I foresee huge problems for the European Union moving forward.
I´ve watch this 3 times and its just blows my mind. Everything he says made intuitive sense to me before, but Eco theory claimed otherwise. This is his best interview and this channels. Thank you both for this treasure trove!
This was excellent. Ironically, this aligns with my own thinking of where we are going… indeed where we MUST go. God to hear someone actually credible say it 😊
Awesome interview, many thanks!!!
Excellent interview!
Yes I agree with the meeting in person 😊
Great insight
Every is the best! He could have taken Jim Rickards down but was too much a gentleman. Jim feigned hurt feelings using his father as a foil. Bad form though I remain a fan.
Lol! Every is a man-child who is barely half as clever as he is smart, and is only 1/10 as smart as he actually thinks he is. 😂
i'm always eager to hear from michael every. thanks for having him.
Protectionism seems to set at the fulcrum of the economic seesaw, with merchantileism at one end, and globalization at the other. The happy medium therefore seems to be where countries engage in protectionist policies within limits and in so doing, providing a maximum benefit to each individual country.
The concept of the phrase invisible hand not actually used the Wealth of Nations, is that in each individual looking out for his best interest is best for the market.
Everyone can't be protectionist. You can have allies working together.
What you can't be like Art Laffer foolishly says,.. just have a complete free market where you trade with everyone. No you can't trade with or depend on enemies to produce for you.
The movie A beautiful Mind I believe said the Nash won the Nobel Prize for extending Adam Smith's
In the movie, Nash's eureka moment occurs while he is with his friends in a bar. Five girls enter the establishment and Nash and his friends start contemplating who will get the blonde.
Eventually the conversation turns to Adam Smith and one of his famous quotes, "In competition, individual ambition serves the common good."
"Everyman for himself, gentlemen" says one of Nash's friends.
And another adds, "and those who strike out are stuck with their friends."
Eventually the blonde looks over at Nash, and he joins the conversation, "Adam Smith needs revision." Nash goes on to state that no one should pursue the blonde since they will all "block each other and not a single one of us will get her. Then when we strike out, none of her friends will have us because no one likes to be second choice. But what if no one goes for the blonde? We don't get in each others way and we don't insult the other girls. That's the only way we win."
But his friend quickly adds, "If this is someway for you to get the blonde you can go to #%^*!"
"Adam Smith said that the best result comes from everyone in the group doing what is best for himself, right? That's what he said. Incomplete. OK, because the best result would come from everyone in the group doing what is best for himself and the group."
This video is a good discussion except,..
the comment attributed to some American politician (W Bush) saying "the problem with the French is they don't have a word for entrepreneur" was,..
1, uncalled for,
2. turns out to NOT be true,.. so who's theIdiot here,..
3. even if Bush did say it,..
I'll take him over the shitforbrains liars Egore or John "hey russia please if you're going to attack Ukraine and commit war crimes,.. do it wrt to sensitivity to climate change" Kerry who ran against Bush,
or dances with ghosts feeble minded weekend at Bernie's senile ole joe,
any other US demcorat leader,.. including lyingNobama who unnecessarily doubled the debt on far left pork,
or any of the shitforbrains leaders and governments in Europe who thought it was a good idea to jump head first into the deep end of the nonsense that CO2 is the biggest threat to national security,.. and becoming dependent on Europe's actual biggest threat to national security,.. russia and china.
And I think Bush was aMoron,..
but Bush was a rocket scientist compared to these others.
Even with Bush's wars,.. the economy, the deficits, the debt,... even the GFC was small potatoes compared to all of the domestic and foreign geopolitical crises this insane administration has created.
Bush didn't destroy America as senile ole joe and the demcorats are doing,... he destroyed other countries,. our enemies' countries.
I'll take moronBush back any day over what we have today.
And my first pick was DeSantis,.. but I'' take anything over senile ole joe,.. even Trump.
I know the snowflakes can't handle the New York rough edges of Trump,.. but America can't take 4 more years of demcorats destroying the country.
Excellent interview as always. Thank you, Adam.
Sounds boring with the West against the Rest, but we have moved in that direction for a while. The US has fought many costly and unnecessary wars. The last one with Russia seems stupid to me. Was it really necessary to challenge Russia and ignore its security interests. The idea of de Gaulle and Gorbatjov of a common European house is more attractive to me than a new iron curtain raised by the West.
How would you like an alliance of Russia and Germany? What would combination of Russian resources and German technology do to the US's interests in the world? Do not take Germans for granted, there is certainly a fraction of elites that wants the US out of Europe. Actually, Russians have already thrown out the Americans from some African countries, if the Russo-German alliance forms you can expect the same happen in Latin America and Asia. And in isolation the US won't be able to repeat the success story of the 19th century, no chance. Good luck dealing with Russians and Germans, in addition to China in the Pacific
Glad to finally see him on the channel after watching him in the debate. I like to see where his thoughts are and how he feels things will play out. Excellent interview.
Thank you very interesting
Good talk. Yes American defense contractors make a lot of profits already, and lots of gee whiz wunderwaffen, but not enough artillery!
Insightful, excellent historical reference and brilliant thank you
Isn’t he the gentleman who made Jim Rickards have a meltdown on that panel discussion with Brent Johnson ?
Ya that’s him but I was thinking it was the other way around but I don’t remember
😂I saw that 😊
Yeh, I was kinda embarrassed for Jim Rickards, voice of the past, trying to rest on his laurels.
It was Brent who made Rickards have a melt down. This guy was on Brent's team, but he was a relative wall flower.
And this video was a good discussion except,..
the comment attributed to some American politician (W Bush) saying "the problem with the French is they don't have a word for entrepreneur" was,..
1, uncalled for,
2. turns out to NOT be true,.. so who's theIdiot here,..
3. even if Bush did say it,..
I'll take him over the shitforbrains liars Egore or John "hey russia please if you're going to attack Ukraine and commit war crimes,.. do it wrt to sensitivity to climate change" Kerry who ran against Bush,
or dances with ghosts feeble minded weekend at Bernie's senile ole joe,
any other US demcorat leader,.. including lyingNobama who unnecessarily doubled the debt on far left pork,
or any of the shitforbrains leaders and governments in Europe who thought it was a good idea to jump head first into the deep end of the nonsense that CO2 is the biggest threat to national security,.. and becoming dependent on Europe's actual biggest threat to national security,.. russia and china.
And I think Bush was aMoron,..
but Bush was a rocket scientist compared to these others.
Even with Bush's wars,.. the economy, the deficits, the debt,... even the GFC was small potatoes compared to all of the domestic and foreign geopolitical crises this insane administration has created.
Bush didn't destroy America as senile ole joe and the demcorats are doing,... he destroyed other countries,. our enemies' countries.
I'll take moronBush back any day over what we have today.
And my first pick was DeSantis,.. but I'' take anything over senile ole joe,.. even Trump.
I know you snowflakes can't handle the New York rough edges of Trump,.. but America can't take 4 more years of demcorats destroying the country.
Awesome interview as always. Thank you, Adam.
Adam....never....ever....ever...say the word "Kardashian" again😊
Please
There's a lot of things to argue about here i personaly like geopolitic more than economic & market matters & i follow the former more than the latter
I believe globalism was a serious mistake that led as Michael says to our deindutrialisation & demanufacturing albeit it produced cheap goods & services for our populations the other huge mistakes was the way the US conducted its FP since the end of WW2 draging along the rest of the West it produced a lot of anger hatred & justified recrimination towards the US & its allies whilst at the same time deeply transforming our socio-cultural & religious fabrics in ways that have deeply fractured & divided our societies & destroyed our traditional values to the point that they're non existent now to the point that we stand for nothing but consumerism materialism
We also don't live in democraties anymore not in the traditional definition we had of that concept 40 years ago & more
When Michael says in relation to the protest about Palestine that we should instead all be americans or canadians for me i want to point out that recently a majority of politicians waved ukrainian flags at the House that Biden Blinken Austin & others spoke in favor of Israel at the expense of US interests Is that what being american is about ?
US FP has been described by many among wich former General Wesley Clarck as being in perpetual war & using its military to provoke Regime Changes many any others have said the same J Mersheimer J Sachs are among them
The situation in Israel results from decades of abuse against the palestinians going back to the Nakba in 1948 or even to the earlier "colonisation" by european american & canadians jews since the 1880s 140 years ago followed by the Balfour declaration in 1917 that said that the british gov was in favor of creating (arbitrarily) a home for the jews But what about the people that lived there already "the palestinians"
In Europe the consequences of the war in Ukraine are increasingly dividing the europeans that war didn't need to happen & it didn't happen because Russia suddenly decided to invade Ukraine on the spur of the moment
In 1991 the US & its NATO partners agreed with Gorbachev that if Russia decided to end the Warsaw Pact NATO wouldn't expand ONE INCH beyond East Germany, in 2014 the US brought down the elected ukrainian gov using neo nazis org the US State Dep CIA Chevron & Exxon had been financing for several years months before the elections & has been threatening since to include Ukraine into NATO after NATO had been expanding several times since 1991 notwithstanding the promess made by NATO in 1991
So what's the problem with Ukraine being a part of NATO ?
Why does it freaks out Russia what's the big deal you think ?
If Ukraine becomes part of NATO US military bases will be at Russia's door pointing US nuclear missiles to Russia 4-5 minutes from Moscow St-Petersburg Sebastopol & many other russian cities
Do you remember the Cuban missile crisis in 1962 do you remember how the US freaked out about russian missiles being installed in Cuba at the time ? Do you remember how close we came to a nuclear armageddon
The US chose to antagonise Russia wich brought it closer to China & the global REST it did'nt have to happen
The sanctions & destrucyion of the Nord tream pipelines (no doubts by the US as Seymour Hersh described has deindustrialized Germany & largely destroyed the rest of the EU economies wich in time will turn many countries against the US it will mark the end of the EU & NATO as we know it The US is causing its own fall & that of its allies
Do you realy believe the US has the brains to turn things around after its acting so stupidly so greedily for so many decades ? I don't !
The US elites & leaders are actualy dividing their own population in similar ways it's destroying Europe & has destroyed so many countries since the end of WW2 many of them based on lies & false flags
I,ll bet anytime on the guy that comes out of the gutter against the one that was raised with a silver spoon in a dog fight
The Global Rest has been living in the gutters & abused repeatedly by the US/West that were raised with a silver spoon
Congress has a hard time thinking long-term geopolitical, it's not in their 2 year re-election mindset. Companies don't either, GM 2024 Buick Envision, launching this summer, is being made in China. Michael is an excellent guest, thanks for bringing him back.
Adam, you are the man! Please comb your hair well before every interview. I want as many people as possible to hear you. The more professional you look, the better your chances. Robert in Idaho
Yes! this really needed to be said!
Hungary, Slovakia and Serbia do not see Russia as a threat and if they were to have control over their own sovereignty without interference from the EU and US would gladly trade with Russia and have good relationships
Who carea about small countries?
USA if you have what they need, energy!
A very thoughtful interview! Better still, no tinfoil hat and no technical analysis required! More like this please.
His expertise is the key to the future
Thanks Adam and Michael! ;-)
That’s why so many call them the federal open mouth committee
Great interview Adam 👍🏻
I am currently doing my own version of protectionism, I do NOT buy products from China and DO try to buy products made in the USA.
"complicated" = RISK
the cost of money/credit (interest rates) will continue to reflect new structural risks... new/high levels of risk that we have not experienced in 80 years.
watch real rates creep ever-higher, regardless of CB policy/action.
99% of people (in the West) cannot grasp a "complicated" paradigm because neither they nor their bosses+parents have experienced anything remotely similar in their lifetime.
Complete rubbish. Maybe you should stop slumming your way through life, there are huge numbers of intellectuals in the West. You simply are not allowed in the mix because you roam with the pigs in the slop. Exactly the type of "myopic" thinking Evers refers to.
Why invest, stare at charts, and work all day, if at the end of the day and after taxes and inflation you're still left with a net loss in purchasing power? People have been so hyper focused on financials to provide a gain that they forgot to produce. This is why paper is returning to its intrinsic value, zero. Paper is no longer going to provide a real positive gain. The only thing that will provide a real gain in purchasing power henceforth, will be gold and producing things other people can consume...
I think I understand what you are saying. I do not disagree with you on a basic level, however, in my (unsolicited) opinion. The keys to moving forward is 1. recognizing the issues(which you have done.) 2. be a problem solver/producer. 3. Participate in current financial markets/realities to extract/maximize more fiat, to transfer to assets and locations which will benefit (protect) yourself and your family/community the best.
@@thefireman2854 I don't claim to have anything figured out either, but I think it has something to do with a crisis in confidence and a move closer to a barter system wherever possible. People will fare better trading goods for services and vice versa, better than they would fare under the thumb of a beaurocracy. Eventually this will lead to the usage of gold and silver as money again. The road to personal and national sovereignty is paved with gold, but under the paving is always a barter system. Hence the push for protectionism and buying of gold by central banks. Kinda like how uranium and natural gas will be the bridge to a greener economy, barter followed by gold will be the bridge back toward economies that produce goods everyone can use.
Indeed someone looking behind the horizon what might happens next. Great insights.
best interview on this channel ive seen
Outstanding.
Great interview, really enjoyed Micheal's perspective, he points out a lot of what Peter Zeihan speaks about with a geopolitical and demographic view.
13:34 ..Very bad example ..actually British Invested in Portugal a Lot and Bought a huge amount of Land to produce vineyards and Grapes to make whine ... actually even to this day very good Brands of Port Whine are actually British names... so yes they did exactly that as Long As it is Inside Europe ... going outside is truly not an Option ...
Adam, To include all folks, just ask what hole we are on on the golf course. EVERYONE knows that golf is 18 holes all over the world.
I dont think France and Germany would dissent too much. However it's good to look at them as potential fault lines.
The USA may be experiencing imperial collapse. Development of likely collapse scenarios would be helpful so that Westerners could prepare accordingly.
In the 1st century BC many intellectuals in the Mediterranean believed that it was the end of the Roman republic, and in some sense it was true, but with the transition to principate Roman hegemony became stronger
I mean no disrespect to the guest. Just speaking out loud, I just think the guest has bias against Germany and France. In other words, he’s opinion is Anglo Saxon😂. We knew who won the last two wars, deep down there’s that sense of rivalry. Of course, we are all biased due to our own background. BTW, I’m neither German nor French. 😊
Well he talks about us and they , so neutral he is not .
Great insight by Michael. I like how he gives data and specific reasons for his speculation. Will China drive copper down or up since they are the leading supplier worldwide?
John&Mike are far more interesting and informative this week, when exploring their own work than when bouncing off others' interviews.
Perhaps a question to ask next time as he touched on it, was individual counties perspective and direction in this "new world" "old world" adjustment
Read Thailand is doing protectionism.
So we are learning to go opposite of what FED portrays😊
Minute 46 - Has Brent Johnson not met Gen Z? 😂
His point on the current mercantile surplus nations doing worse is missing a crucial scenario: those countries can choose to redirect their existing surplus industrial capacity to weapons production and ignite an arms race. This will force a painful choice in the west to whether match that arms race at the same time when industrial capacity for consumer items will need to be built up as well as how to allocate resources between existing huge social spendings against this arms race. For example by redirecting the 4% GDP surplus, it would take China only a few short years to build thousands of nuclear weapons with delivery systems.
🔥
To put all things like more military on a balance sheet seems a far reach.
And the west going back into full production also a far reach. Never the less interesting.
There's a few geopolitical channels on CZcams that can keep you updated on important geopolitical matters the best ones imo are The Duran & Judging Freedom (hosted by a US Constitutional judge (Judge Napolitano) )
If you have one hour to spend this week on your free time maybe while pulling that 400 pounds off the ground i think it wouldn't be wasted if you watch one episode of both or either one
Min 42 ... Was it the BIS? Or the Bank of England? ... Governor Niemeyer.
Was it apolitical kind of stance back then ...???
🚀🚀🚀🌙
Found this interesting….
So when the united State of America was the world’s largest manufacturing nation they used gunboat diplomacy to force “free trade” now China has risen the United States cries foul and wants protectionism.
I hope all the blue collar workers put out of work in decades past in the USA remember that it was there own countries greedy corporations that off shored to China for profits, the wealthy don’t care about their “inferiors” and never have….and if it comes to war they send your “social inferiors” to die for “democracy” very 😔 sad.
Why not back the dollar with silver bullion to control the inflation associated with reshoring?
ME sounded like Europe needed to get their policies together.
Ви обоє забуваєте про принцип максимальної потужності.
Economic investigator Frank G Melbourne Australia is still following this very informative content cheers Frank 😊
G’day Mate
🤘😎
As a spaniard, If France leads the EU I do not want to be a part of the EU, they give Spain as close as hell as an ally can give. I'm okay If Germany, Spain, Austria and Belgium lead the EU, and If France starts to act as a friend, they can join us
I'd love that Europe somehow gets on well with the west and with the rest so we can avoid conflicts and grow thinking about human rights and the planet (that would be ideal)
Back to the future. The idea that politicians will ulimately made decisions on a large scale as to which industries or businesses will be protected will be disasterous. There will be no limits to the justifications for protection or subisidies, grants, handouts. Its bad enough now. The lack of competion will drive prices sky high. We have been there.
The E.U. aligning more with the rest is perceived as in its economic interests given U.S. policies and actions are harming their economies and there aren't any policies coming out of the U.S. that suggest they will in anyway benefit the E.U.
Entrepreneur sounds very French 😅
The claim that President George W. Bush proclaimed, "The problem with the French is that they don't have a word for entrepreneur" was one of many attempts to make him look stupid. In reality, he never said this...
You have bogus info. This was a famous joke by Steve Bridges, a comedian and impersonator of George W. Bush. Bush, himself, even liked him. He was a very funny man.
Not onve did rhis guy mention hiw much better our lives will ne without forced inflation from a central bank
Oh it's the "food guy" i did'nt recognize him from the picture
All economic systems end.
michael is right about europe. with the elections coming it will become more visible
Lots to digest but great guy to have on to try map the world economy out
I stopped at 48:07. Trump reelected bullish for the dollar when Trump is shouting on his social media that the dollar is too strong?
Fresh headline: Trump sounds alarm on strong dollar boomeranging over Asia
Wow!! I'll have to watch this twice...what a great conversation :) thanks!
This man is interesting!
russell napier
Thank you very much...
2nd, 5 May 2024