Todays guest on Daniela's show is Mark Yusko, Morgan Creek Capital Management founder and CEO.
Another very interesting view on things. He goes into where inflation really comes from, points out you can't print 50% of the money in the system (a 250 year old system) in 24 months without knowing what it is going to do to the value of everyone's money, be that savings or earnings. It is has been done to push the wealth divide and for ultimate control.
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The renminbi is the ascendent currency, the dollar is in decline," proclaims Mark. The dollar has been the world's reserve currency for over 70 years, "but that's rapidly coming to an end," he tells our Daniela Cambone in part one of this interview. "We're in a recession right now," and the Fed has not acknowledged that, Yusko continues. "[The Fed] will start cutting rates in the fall," he predicts. Yusko concludes that China is the emerging contender to be the world's next global superpower, "and the next war will be fought with chips, not ships.
I should just add, this is a pretty new direction that her guests are taking, previously most were all watching what they were saying, running with the attitude of "It is what it is." and just talking about the markets, the economy and investments. But the tide is turning, as even the super wealthy realise they are not going to be part of the party and we are talking about a divide of the top 0.1% vs the rest of us, more and more are starting to speak up.
Interesting times ahead.
Like they all say though, don't fear what is coming, use it to get ready, use it to get yourself in a position to ride this out, if you don't ... well.