The Contrarian Investor Podcast The Nascent Sino-U.S. Financial Cold War, with James Fok
Jan 18, 2022
44:51
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James Fok joins the podcast to discuss his book 'Financial Cold War: A View of Sino-US Relations from the Financial Markets'. In Fok's view, the fates of China and the U.S. are highly intertwined, and neither country's leaders want the conflict to escalate -- but that could easily change.
Content Highlights- How the financial cold war is defined, some of the ways it is already impacting society and economics, and the risks of greater conflicts (3:06);
- Is military conflict between the U.S. and China inevitable? (4:49);
- The fates of the two countries are highly intertwined but the U.S. dollar and global monetary system have exacerbated imbalances (7:46);
- Why the belief that the USD's global role is good for the U.S. is a fallacy (11:02);
- The world needs to become less USD-denominated if the financial Cold War is going to be resolved. There is precedence for this (18:00);
- Background on the guest (30:00);
- The state of China's economy and where it's headed (33:44);
- China's economic problems are clear for all to see, but the social implications are probably being significantly underestimated (36:49).
- Website: JamesAFok.com;
- Book: Financial Cold War.