Louis: while I think some very fair points on whether holding gold for the next 6 months is a good decision, I think Western political instability isn't over yet, and that this argues for the reasonability of staying long gold. China deal or not, the market's overall reaction was ridiculously euphoric, given Trump's promises.
from Yra---I praise Lula as a very capable observer and actor of the global political seen.It is not always the hegemons who are the most able actors but those on the margins who are impacted by the giants stalking the earth and making the ground shakeThink in the terms of Sukarno and the nonaligned nations in the 1960s and 70s.Following on the non-aligned movement was Singapore's Lee Kwan Yew who provided wisdom to the global hegemons.I see Lula in the same light for he has to be astute and flexible as he brings Brazil into the global political economy.I am not referncing the Brazil domestic political realm
@@yraharris1117 Thanks for taking the time to clarify Yra. While I respect your opinion, and agree that your viewpoint is indeed a crucial way to look at such countries' options in our modern times, I'm more skeptical of both Lula and Brazil's potential. It seems to me that Western social democracy is breaking down, from the core. As if it's simply hitting its natural expiry date. When I look at the various democratically-elected "leaders" since the 1990s, they have everywhere seemed very mediocre at best (vs. statesmen such as Hadrian and the Antoninouses, for example). Don't you agree Yra? I include Lula in my analysis above mentioned.
This premise that China needs to consume more is misdirected, a country just like a nation consumes as much as they want and can based on their income and based on the value the consumption produces. China does consume a lot of input material for production of their manufactured goods. what Any Nation must do, as China must do is create more value for the world not just in exporting Goods and services, higher value Goods overall, they need to create and integrate a better system with the International Community along with their own domestic economy, growth in China is 2 to 3 times higher than the US. ♥️
even in a autocratic system where demand is created from the top down and there is a lack of systemic social safety nets that would act to free up money for consumer consumption
Western pundits don’t understand how people fundamentally look at money in China. Vast majority people were dirt poor just a couple of decades ago and they remember what it means to have no savings in the bank. They are deeply insecure so they don’t spend every dime they make. Consumption will fix itself when youths who grow up in money gets their turn. I don’t see social safety net as that important as long as people can move to smaller cities or even the countryside where cost of living is only a fraction, or that medical care is expensive as in USA where many people are a medical emergency away from bankruptcy.
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Great conversation gentlemen. Undoubtedly one of "the ones" to go to right after the election 👍
Thanks to all and take care,
Rafael
You got to follow Louis. This guys knows China better than any western analyst
There's more R&D workers in BYD 110,000, than Tesla has employees 90,000.
Great content but Audio needs improvement
Louis: while I think some very fair points on whether holding gold for the next 6 months is a good decision, I think Western political instability isn't over yet, and that this argues for the reasonability of staying long gold.
China deal or not, the market's overall reaction was ridiculously euphoric, given Trump's promises.
Honest question: Why does Yra Harris praise Lula da Silva so much?
from Yra---I praise Lula as a very capable observer and actor of the global political seen.It is not always the hegemons who are the most able actors but those on the margins who are impacted by the giants stalking the earth and making the ground shakeThink in the terms of Sukarno and the nonaligned nations in the 1960s and 70s.Following on the non-aligned movement was Singapore's Lee Kwan Yew who provided wisdom to the global hegemons.I see Lula in the same light for he has to be astute and flexible as he brings Brazil into the global political economy.I am not referncing the Brazil domestic political realm
@@yraharris1117 Thanks for taking the time to clarify Yra. While I respect your opinion, and agree that your viewpoint is indeed a crucial way to look at such countries' options in our modern times, I'm more skeptical of both Lula and Brazil's potential.
It seems to me that Western social democracy is breaking down, from the core. As if it's simply hitting its natural expiry date.
When I look at the various democratically-elected "leaders" since the 1990s, they have everywhere seemed very mediocre at best (vs. statesmen such as Hadrian and the Antoninouses, for example). Don't you agree Yra?
I include Lula in my analysis above mentioned.
This premise that China needs to consume more is misdirected, a country just like a nation consumes as much as they want and can based on their income and based on the value the consumption produces. China does consume a lot of input material for production of their manufactured goods. what Any Nation must do, as China must do is create more value for the world not just in exporting Goods and services, higher value Goods overall, they need to create and integrate a better system with the International Community along with their own domestic economy, growth in China is 2 to 3 times higher than the US. ♥️
even in a autocratic system where demand is created from the top down and there is a lack of systemic social safety nets that would act to free up money for consumer consumption
Western pundits don’t understand how people fundamentally look at money in China. Vast majority people were dirt poor just a couple of decades ago and they remember what it means to have no savings in the bank. They are deeply insecure so they don’t spend every dime they make. Consumption will fix itself when youths who grow up in money gets their turn. I don’t see social safety net as that important as long as people can move to smaller cities or even the countryside where cost of living is only a fraction, or that medical care is expensive as in USA where many people are a medical emergency away from bankruptcy.