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In today's episode, I read through a couple pieces. The first, from Mish, is about the nature of inflation and deflation. He unexpectedly paints a deflationary picture.
The second piece I read through, and the majority of time during this episode, is Zoltan Poznar's most recent dispatch. Oh brother, do I have a lot to say about this. He is all over the place in his misunderstanding. Zoltan's expertise is in interest rates and financial plumbing, yet he has ventured into the realm of geopolitics for the last 6 months with his Bretton Woods III abomination.
His key evidence of the Saudi/Xi meeting is utter nonsense. I tear it apart from the first sentence. Zoltan actually believes that the CBDC project that China and Gulf countries are working on has some efficiency or benefit, instead of being masked MMT and colonialism for the communists in Beijing. Enjoy.
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