Merryn Talks Money Everyone Wants Their Money to Come Home with Russell Napier
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Dec 13, 2024 
Market historian Russell Napier, founder of Edinburgh's Library of Mistakes, shares insights on economic nationalism's potential pitfalls. He dives into the rise of national capitalism, exploring its implications for global finance and local investments. The conversation touches on navigating investment risks in China amid attractive valuations and geopolitical tensions, as well as the evolving roles of gold and Bitcoin in a shifting economic landscape. Napier emphasizes the importance of historical knowledge to guide strategic investor decisions.
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National Capitalism
- National capitalism prioritizes domestic savings for domestic investment.
- Leaders like Macron and Trump advocate this to boost domestic economies.
Impact on Economies
- Bringing capital home benefits domestic economies but negatively impacts others.
- The US and France, with substantial foreign investments, are most vulnerable.
Geopolitical Shift
- The geopolitical shift towards financial independence is inevitable.
- It aims to reduce reliance on China and address climate change through domestic investment.
