National Capitalism & Death of the International Monetary System | Russell Napier скачать в хорошем качестве

National Capitalism & Death of the International Monetary System | Russell Napier

In Episode 392 of Hidden Forces, Demetri Kofinas speaks with author, investor, and financial historian Russell Napier, about how to navigate a seminal transition in the global trade and monetary order. This episode aims to provide you with the tools to understand, value, and manage the assets, exposures, and risks in your portfolios and to capitalize on opportunities that come along only once every hundred years. In the first hour, Demetri and Russell Napier discuss the origins of the non-system that came to shape international trade and finance in the decades after the breakdown of the Bretton Woods international system of fixed exchange rates. They discuss the de-pegging of the RMB from the USD, the closing of the gap between the discount rate and the growth rate in developed economies, and the implications of America’s escalating economic war against China. In the second hour, which is available to premium subscribers only, Russell Napier and Kofinas focus most of their time on the implications of this breakdown in the international trade and monetary system for investors. They discuss how developed world governments are likely to repress capital, what you want to own in such a world, what you don’t want to own, and how to tell the difference. They also discuss what a new Chinese monetary order might look like, which countries would participate, and how such a system would build off China’s efforts to digitize the Yuan and create a Chinese-built digital payments infrastructure that extends beyond China’s borders as part of the Digital Silk Road initiative. They also discuss the prospects for a strategic Bitcoin fund, the use of stablecoins as an extension of Dollar hegemony, and the fate of the Euro in a world torn between Beijing and Washington. You can subscribe to our premium content and access our premium feed, episode transcripts, and Intelligence Reports at https://hiddenforces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces Genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page at HiddenForces.io/subscribe. 00:00 Introduction 03:14 Russell’s Framework 05:03 Asking the Right Questions 06:40 Understanding the Global Monetary Non-System 10:00 China's Role in the Global Economy 19:06 The Mechanics of China's Economic Strategy 23:15 Geopolitical Tensions and Proxy Wars 25:52 Escalation in Economic Warfare with China 26:06 Export Controls and Semiconductor Loopholes 27:20 Historical Parallels: Japan in the 1930s 28:27 China's Sphere of Influence and American Commitments 29:03 Potential Outcomes of US-China Relations 29:59 Impact of Open Warfare 31:22 China's Shift in Monetary Policy 34:16 Implications of De-pegging the RMB 39:47 Need for a New International Monetary System If you enjoyed listening to today’s episode of Hidden Forces, you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts at https://apple.co/3fLSIgR Write us a review on Spotify at https://spoti.fi/3tv4zYr Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Subscribe and Support the Podcast at https://hiddenforces.io Follow Hidden Forces on Twitter:   / hiddenforcespod   Follow Demetri on Twitter:   / kofinas   Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Follow Demetri on Twitter at @Kofinas Episode Recorded on 11/27/202