Great insights sir, thanks a lot again for sharing!
I'm trying to understand exactly how China's currency manipulation may have delivered these "booms & busts in the global economy": do you mean it is directly related to it "collecting our dollars, then offering our dollars back to us in the form of credit, so that we can buy more from China"?
I've got the 1st part of the the mechanism with China accumulating USD by exporting / selling cheap goods (in USD terms). But then isn't the USD credit / debt cycle primarily dictated by the US government fiscal policy itself? Sorry, might have missed something else there :)
Russell Napier wrote about the history and current state of affairs with an eloquance far beyond my reach. I think you'll find the article of interest.
Thanks for being a regular reader and for the recommendation for The Gryning Times on your substack. One day we'll have to catch up on all things F1; Max with 4 and Sir Lewis heading to the prancing horse...
Great insights sir, thanks a lot again for sharing!
I'm trying to understand exactly how China's currency manipulation may have delivered these "booms & busts in the global economy": do you mean it is directly related to it "collecting our dollars, then offering our dollars back to us in the form of credit, so that we can buy more from China"?
I've got the 1st part of the the mechanism with China accumulating USD by exporting / selling cheap goods (in USD terms). But then isn't the USD credit / debt cycle primarily dictated by the US government fiscal policy itself? Sorry, might have missed something else there :)
Russell Napier wrote about the history and current state of affairs with an eloquance far beyond my reach. I think you'll find the article of interest.
https://americanaffairsjournal.org/2024/11/america-china-and-the-death-of-the-international-monetary-non-system/
Thanks for being a regular reader and for the recommendation for The Gryning Times on your substack. One day we'll have to catch up on all things F1; Max with 4 and Sir Lewis heading to the prancing horse...
I'll definitely have a look, thanks for sharing! Sure, happy to catch up in the New Year for example!