The fact that this channel doesn't have more subscribers is a testament to the stupidity of the American people. People would rather watch regular outlets and be lied to than deal with the world as it is. Brent - thank you for this great content/wisdom every week. Greatly appreciated.
I have never seen a bigger scam artist than Rickards....makes sense though when you realize what his religion is...doesn't get there through meritocracy that's for sure
thanks so much for bringing on michael every. my first exposure to him was as your debate partner re the dollar, and i've been trying to find everything i can of his ever since.
Congrats Mr Brent ! I was wondering when this moment will come ! now You are with the right one and real debate starts and You are the safest asset including Your clients ! Respect
This was great. Very interesting. I first saw Michael when you teamed up on the ZeroHedge debate, and was really interested in some of what he had to say. I hope you guys will do this again.
This is awesome. Keep going, Brent. Loved your recent commentary on Blockworks too, by the way. This is the Way. Macro is so interesting, and your personal insights make it even more so. Thanks for bringing on the guest and good luck until next time.
Brent, I would tell John this when it happened, but this episode did not make it to the podcast players somehow. This happens from time to time. If there's anything you can do, I love listening to these on my pod app as opposed to here.
I watch the macro world but what can I do? Seventy two year old cancer survivor, lucky to be alive. I will get old, weak, sick, and die. There is the war, surviving, and the score, the dollars, yen, ounces of gold, to play the game. Few people can do much to change their life. I won the ovarian lottery being born in 1950's America. Lucky me. Most of the world does not have $10,000 saved up and never will. I am in the top 1% of global wealth and lucky. What a privilege to be alive and hear great stories from Brent Johnson. Thanks Brent.
I think this is beginning of a beautiful friendship. You two should podcast together on a regular basis, excellent chemistry & very engaging to listen too. Good stuff, the milkshake has a new flavor 🤘🔥🤘👍
It turns out that Brent is really good at the long form interview format. I’d really like to see more of these. Possible suggestions: Michael Green, a gold bug Austrian like Schiff, an MMTer, and maybe another go-around with Rickards.
Agreed, the Jones Act is not the problem, the US Merchant Marine fleet is. Throw in some Red Sea/Houthi and the blowfish action and were really stress tested. Thanks dudes
Brent. Glad you discussed China rising at the end. You forgot about the number of STEM graduates compared to other countries. They have 5 times as many than US? And I think India isn't far behind them. So for a token BRICS stat. BRICS will have 10 - 15 times the number of STEM grads annually than the West. Over time I think that will have an impact.
A most excellent conversation. One minor suggestion, please put the name of your guest in the title of the video. I suspect that’ll increase the chances of the video being recommended to others outside your usual audience. As far as the odds of major global powers coming into conflict, I strongly suspect that the development of AI is accelerating that likelihood. There are aggressive programs in the West to develop this technology for weapons. It’s assumed the same is happening in Russia and China. The nation that first thinks it’s developed a big advantage with these tools might strike first while it still has the AI advantage. Or, the AI system may recommend a first strike. Or, if a country thinks its opponent has achieved a breakthrough in AI it might strike before that technology has been completely deployed..
Good show, AGAIN!!! ( which you don’t say as often). Good convo, good interview. Still happy w the solo format fyi. Was it me, or was there waaaay more ads this show?
Brent, I've been a big fan since before you started this YT channel, that said, when you guys bring up ". . . maybe Marx was right" or when Every proudly says he's studied Marx and is well versed (while Marx studied philosophy NOT economics and was horrible with his own finances to an absurd degree), I've got to wonder what you're on about. Please detail such provocative statements as it's difficult to figure out if you guys are true believers or just getting ironically humorous.
Conspiracy theory time: if Simpsons Matt groening can predict the future he called the u.s making ships fly under u.s flag in Futureama, the head of Nixon drafted everyone with a spaceship to fight during a war
Brent you should watch the China Observer and China Insights channels. The chinese military stuff doesn't work. Pakistan is trying to get a refund right now. They can't even make a jet engine themselves. But if you need a cheap purse that says Fendi on they've got your six. Bring this guy back and don't spend an hour on congratulating each other. We know you are a genius and that if you bring someone in, they taught you something.
It would start looking CHINA. which means we will see a real estate crash 40-60%. He's right. Put more tariffs from china and watch the US economy crash. Low interest rates will not offset the increase of goods. The combination of low interest rates and higher tariffs could create an ironic situation where inflation rises instead of the economy being stimulated. Higher prices for goods could outpace the benefits of lower borrowing costs, potentially leading to stagflation-a situation where inflation is high, economic growth slows, and unemployment remains high. If consumer goods become significantly more expensive, consumer spending could decrease, which is a major driver of the U.S. economy. A reduction in consumer spending could slow economic growth. Businesses that rely on imported materials might face higher costs, leading to reduced profitability, potential layoffs, or even business closures, further impacting the economy.
@@mtrest4 my mother eats it. She says it’s made from brewer’s yeast and chock full of the B vitamins. She is Scottish and will also eat haggis. I’d prefer the cats bowl to be honest.
I still don't understand how preferential QE or tariffs or similar protectionist policies can so quickly re-industrialize USA. In Singapore where I am it took 30 years to industrialize. China also needed 30 years to industrialize. So the USA will at least need 15 years. The educational skills e.g. the trades, are absent. There is no merchant navy in USA. If Americans start teaching their kids now to make tools or dies may be they will be ready in time. Add to this the amount of red tape, approvals, ESG and DEI it will take a long time in USA to get anything done. Meanwhile remember that China accounts for 95% of the world’s supply of ibuprofen, a widely used nonsteroidal anti-inflammatory drug (NSAID)[3][6]. China produces 91% of the world’s supply of hydrocortisone, a corticosteroid used to treat a variety of conditions, including inflammation and adrenal insufficiency[3][6]. China is a major supplier of antibiotics to the world, producing more than 90% of the antibiotics used in the United States[6]. China is also a dominant producer of vitamin C, supplying more than 90% of the global market[6]. China produces about 60% of the world’s rare earth metals, it is the processing and refining stages where its control is most pronounced, accounting for 90% of the world’s refined rare earths So lets just say the USA needs ibuprofen, hydrocortisone, antibiotics and vitamin C. It can only do it by using its bloc members like Japan, Canada, Mexico and Germany. And that means dollars (or UST) have to be made available to these nations and make sure they don't outsource it to China. I think what will end up happening is middlemen nations who have trading relations with both US bloc and China bloc will end up profiting massively in this protectionist world. They will use something called transfer pricing. [1] www.ncbi.nlm.nih.gov/pmc/articles/PMC10326289/ [2] asia.nikkei.com/static/vdata/infographics/chinavaccine-3/ [3] prosperousamerica.org/skyrocketing-pharmaceutical-imports-to-the-u-s-endanger-national-security/ [4] www.cnbc.com/2018/04/19/chinas-pharmaceutical-industry-is-poised-for-major-growth.html [5] www.politico.com/news/2019/12/20/policymakers-worry-china-drug-exports-088126 [6] www.nytimes.com/2020/03/11/business/economy/coronavirus-china-trump-drugs.html [7] www.statista.com/topics/1764/global-pharmaceutical-industry/ [8] en.wikipedia.org/wiki/Pharmaceutical_industry_in_China
I like Michaels point about RE-industrializing BUT come on. There would have to be a 180 shift of gov't and all the freakin regulations that are now on the books. 10s of 1000s of regulations would have to be vanquished before we could start making everything we need at competitive prices.
A non-domicile will never be treated as "one of us", they have no stake in the country. They're the first to betray their place of residence and run away like a coward.
Very good. Never heard Michael on a podcast before. I like the teasing out of the tight monetary policy for some ....but not for others and so on. On the tariffs causing the dollar to go up how does that work? Say China wants to sell a car at $1000 with no tariffs. Then tariffs go up to $1000 so the cost is now $2000. China still gets that $1000 that it did before. Are you saying that China will not sell as much? Once that $2000 price is lower than other car makers of same niche China car sales volumes would be unaffected and therefore China would still receive same $ with or without tariffs. Can you give a numerical example of how China would lose out in this scenario? Also if China are producing cars cheaper than all other car manufacturers it actually reduces the dollar demand in the car industry as prices have come down. I dont see where the dollar shortage arises that you suggested.
Aircraft carriers are no longer a match with new missiles. Battleships were awesome once but not forever. Even the poorest nations can take one out. Yemen scared one off damaging it but the US Navy doesn't want to admit it.
Please have Michael on regular - I’m always looking out for interviews with him. Two fave analysts - perfect Sunday!! Thankyou ❤
Great interview. Hopefully Michael can improve his microphone quality in future interviews. Difficult to hear him.
My wife and I are watching this over Sunday morning breakfast. Terrific conversation. Thank you. Keep'em coming.
Where can I find a wife like that. You’re a lucky man 👍
This was great. Please have Michael back.
My favorite pod
Yesssss! Michael Every has a very unique and honest opinion, perfect guest for brent to have on 👌
I like that you are starting to bring guests to the show
Geopolitics is the most fascinating topic. Which is also why GOT is such a hit.
Who needs reality TV when we have real life GOT?
And let's be honest... Reality TV is not reality...😂
Fantastic conversation. Thanks guys!
The fact that this channel doesn't have more subscribers is a testament to the stupidity of the American people. People would rather watch regular outlets and be lied to than deal with the world as it is. Brent - thank you for this great content/wisdom every week. Greatly appreciated.
I am not even from the USA.
I'm still processing the mercury retrograde... my favorite podcast.. Love listening to you Brent!
LoL
Brent Johnson interviewing Michael Every. I guess Jim Rickards will tune in to learn how the world really works.
I have never seen a bigger scam artist than Rickards....makes sense though when you realize what his religion is...doesn't get there through meritocracy that's for sure
Jim Rickards won’t. He made his mind up for his detriment unfortunately
GREAT GUEST AND HOST🙌🙌
this was a really good one
Excellent interview thank you so much for sharing very thoughtful well-balanced
MY gosh! I am only 36 minutes into this - What a discussion. Learning more than I ever did elsewhere. Hats Off Brent!
Thank you Brent!
From canada
Thank you!
Excellent discussion!
Great stuff, thanks again!
Absolutely brilliant episode Brent and Michael, cheers! Fascinating conversation. Hope to see Michael back on the podcast soon!
Very good guest and the dynamic between you two is great too. Would love to see him back on the show
very nice guest, a "realism stabber" as the majority of people are brilliant self-deceivers
An amazing guest. Wow.
Big thanks from Greece. Still waiting to see the stars together
Great interview! Thanks to both of you.
Awesome - it's been a while since I heard from either of you but great to hear from you again ! 👍🏻💛
Thank you both for a great conversation! Helping with the algos.
thanks so much for bringing on michael every. my first exposure to him was as your debate partner re the dollar, and i've been trying to find everything i can of his ever since.
Congrats Mr Brent ! I was wondering when this moment will come ! now You are with the right one and real debate starts and You are the safest asset including Your clients ! Respect
One of my all time favorite interviews you did was with Russell Napier, any chance of having a reappearance?
Brilliant. Subscribed. Thank you both.
Thank you for the content Brent !
Great guest and conversation. I’ll be listening to this more than once.
This was awesome, thank you both!
Excellent guest excellent discussion - many thanks
I actually prefer this format tbh. I think it’s more cohesive and I’m personally getting even more from it. Cheers Brent 👍
Great interview! I like the new format!
This was great. Very interesting. I first saw Michael when you teamed up on the ZeroHedge debate, and was really interested in some of what he had to say. I hope you guys will do this again.
This is awesome. Keep going, Brent. Loved your recent commentary on Blockworks too, by the way. This is the Way. Macro is so interesting, and your personal insights make it even more so. Thanks for bringing on the guest and good luck until next time.
What a treat… a GOT reference, Mike, and Brent… it must be my birthday
Thank you for these conversations Brent.
Thanx for a great stream!
Lowkey the best show on FinTube
It is nice to try different formats
Love love Brent on geopolitics. Looking forward to this!
Fantastic guest and discussion. Will likely watch again!
Two of my favorite brains ' having a go ' at the world game. Loved it.
This was great thanks for sharing!
Brent, I would tell John this when it happened, but this episode did not make it to the podcast players somehow. This happens from time to time. If there's anything you can do, I love listening to these on my pod app as opposed to here.
enjoyed this, well worth a listen
Knocked it out of the Park Brent! Thank you!
This title makes me think of Rafi Farber. Might want to bring him in sometime too.
Very interesting conversation. Would love to hear more if Michael could improve his audio.
I watch the macro world but what can I do? Seventy two year old cancer survivor, lucky to be alive. I will get old, weak, sick, and die. There is the war, surviving, and the score, the dollars, yen, ounces of gold, to play the game. Few people can do much to change their life. I won the ovarian lottery being born in 1950's America. Lucky me. Most of the world does not have $10,000 saved up and never will. I am in the top 1% of global wealth and lucky. What a privilege to be alive and hear great stories from Brent Johnson. Thanks Brent.
I think this is beginning of a beautiful friendship. You two should podcast together on a regular basis, excellent chemistry & very engaging to listen too. Good stuff, the milkshake has a new flavor 🤘🔥🤘👍
@@RR-vt3lj yup, brilliant conversation and Brent and Michael work really well together
This is like watching Brent having a talk with himself! Grt viewpoints Michael!
You're doing great Brent 👍
Excellent interview
Thank you for continuing the show, Brent.
Great guest.
Interesting and timely. Thanks!
Amazing guest! Suggestion: put the guest's name in the title for better traction
It turns out that Brent is really good at the long form interview format. I’d really like to see more of these. Possible suggestions: Michael Green, a gold bug Austrian like Schiff, an MMTer, and maybe another go-around with Rickards.
Agreed, the Jones Act is not the problem, the US Merchant Marine fleet is. Throw in some Red Sea/Houthi and the blowfish action and were really stress tested.
Thanks dudes
Brent. Glad you discussed China rising at the end. You forgot about the number of STEM graduates compared to other countries. They have 5 times as many than US? And I think India isn't far behind them. So for a token BRICS stat. BRICS will have 10 - 15 times the number of STEM grads annually than the West. Over time I think that will have an impact.
Thanks Brent, Subscribed!
Excellent interview ❤❤❤
hi Brent from Indonesia
Great show.
I really appreciated the dog psychiatrist joke. Michael is so smart and likable which are really great qualities to have as a teacher
A most excellent conversation. One minor suggestion, please put the name of your guest in the title of the video. I suspect that’ll increase the chances of the video being recommended to others outside your usual audience.
As far as the odds of major global powers coming into conflict, I strongly suspect that the development of AI is accelerating that likelihood. There are aggressive programs in the West to develop this technology for weapons. It’s assumed the same is happening in Russia and China. The nation that first thinks it’s developed a big advantage with these tools might strike first while it still has the AI advantage. Or, the AI system may recommend a first strike. Or, if a country thinks its opponent has achieved a breakthrough in AI it might strike before that technology has been completely deployed..
Fantastic episode, Brent
That is a really nice shirt.
Thanks Brent.
Seems like a straight forward thesis, the trade off seems worth the pain.
This is too good to be true. Brent and Every-without Jim Rickards to muck up the works with his Boomer take on everything.
LOL
It would have been a better video if your guest had a better microphone.
Yes. Sounds like he's being aged inside an oak barrel.
Good show,
AGAIN!!!
( which you don’t say as often).
Good convo, good interview. Still happy w the solo format fyi.
Was it me, or was there waaaay more ads this show?
Good Episode!
Where can I find this material "The great game of global trade", mentioned in this video? Any links?
thanks!
Brent, I've been a big fan since before you started this YT channel, that said, when you guys bring up ". . . maybe Marx was right" or when Every proudly says he's studied Marx and is well versed (while Marx studied philosophy NOT economics and was horrible with his own finances to an absurd degree), I've got to wonder what you're on about. Please detail such provocative statements as it's difficult to figure out if you guys are true believers or just getting ironically humorous.
Conspiracy theory time: if Simpsons Matt groening can predict the future he called the u.s making ships fly under u.s flag in Futureama, the head of Nixon drafted everyone with a spaceship to fight during a war
Interesting predictive plan but can they fly without satellites comms?
love it
❤❤❤❤❤❤❤
Michael nods with his brows when he agrees. 😆
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
10 stars
Top commentary. UA-cam utterly slays CNBC and Bloomberg. I also cancelled my subscription to the FT.
Brent you should watch the China Observer and China Insights channels. The chinese military stuff doesn't work. Pakistan is trying to get a refund right now. They can't even make a jet engine themselves. But if you need a cheap purse that says Fendi on they've got your six. Bring this guy back and don't spend an hour on congratulating each other. We know you are a genius and that if you bring someone in, they taught you something.
Dear Michael E. you need to fix the"zoom environment" / microphone as there is too much echo from your side
It would start looking CHINA. which means we will see a real estate crash 40-60%. He's right. Put more tariffs from china and watch the US economy crash. Low interest rates will not offset the increase of goods. The combination of low interest rates and higher tariffs could create an ironic situation where inflation rises instead of the economy being stimulated. Higher prices for goods could outpace the benefits of lower borrowing costs, potentially leading to stagflation-a situation where inflation is high, economic growth slows, and unemployment remains high. If consumer goods become significantly more expensive, consumer spending could decrease, which is a major driver of the U.S. economy. A reduction in consumer spending could slow economic growth. Businesses that rely on imported materials might face higher costs, leading to reduced profitability, potential layoffs, or even business closures, further impacting the economy.
I prefer discussions like this more than interviews.
He is totally correct about Marmite. It’s horrible! Just awful! Yuck! But somehow it sells.
Is it a pro biotic like yoghurt?
@@mtrest4 my mother eats it. She says it’s made from brewer’s yeast and chock full of the B vitamins. She is Scottish and will also eat haggis. I’d prefer the cats bowl to be honest.
I like marmite. Purchased a jar last week in fact, albeit it was from the Morrison’s brand. I dislike vegemite however.
I still don't understand how preferential QE or tariffs or similar protectionist policies can so quickly re-industrialize USA. In Singapore where I am it took 30 years to industrialize. China also needed 30 years to industrialize. So the USA will at least need 15 years. The educational skills e.g. the trades, are absent. There is no merchant navy in USA. If Americans start teaching their kids now to make tools or dies may be they will be ready in time. Add to this the amount of red tape, approvals, ESG and DEI it will take a long time in USA to get anything done.
Meanwhile remember that China accounts for 95% of the world’s supply of ibuprofen, a widely used nonsteroidal anti-inflammatory drug (NSAID)[3][6]. China produces 91% of the world’s supply of hydrocortisone, a corticosteroid used to treat a variety of conditions, including inflammation and adrenal insufficiency[3][6]. China is a major supplier of antibiotics to the world, producing more than 90% of the antibiotics used in the United States[6]. China is also a dominant producer of vitamin C, supplying more than 90% of the global market[6]. China produces about 60% of the world’s rare earth metals, it is the processing and refining stages where its control is most pronounced, accounting for 90% of the world’s refined rare earths
So lets just say the USA needs ibuprofen, hydrocortisone, antibiotics and vitamin C. It can only do it by using its bloc members like Japan, Canada, Mexico and Germany. And that means dollars (or UST) have to be made available to these nations and make sure they don't outsource it to China. I think what will end up happening is middlemen nations who have trading relations with both US bloc and China bloc will end up profiting massively in this protectionist world. They will use something called transfer pricing.
[1] www.ncbi.nlm.nih.gov/pmc/articles/PMC10326289/
[2] asia.nikkei.com/static/vdata/infographics/chinavaccine-3/
[3] prosperousamerica.org/skyrocketing-pharmaceutical-imports-to-the-u-s-endanger-national-security/
[4] www.cnbc.com/2018/04/19/chinas-pharmaceutical-industry-is-poised-for-major-growth.html
[5] www.politico.com/news/2019/12/20/policymakers-worry-china-drug-exports-088126
[6] www.nytimes.com/2020/03/11/business/economy/coronavirus-china-trump-drugs.html
[7] www.statista.com/topics/1764/global-pharmaceutical-industry/
[8] en.wikipedia.org/wiki/Pharmaceutical_industry_in_China
I didn’t get much out of this one, not a lot of markets, madness
I like Michaels point about RE-industrializing BUT come on. There would have to be a 180 shift of gov't and all the freakin regulations that are now on the books. 10s of 1000s of regulations would have to be vanquished before we could start making everything we need at competitive prices.
A non-domicile will never be treated as "one of us", they have no stake in the country. They're the first to betray their place of residence and run away like a coward.
Very good. Never heard Michael on a podcast before. I like the teasing out of the tight monetary policy for some ....but not for others and so on. On the tariffs causing the dollar to go up how does that work? Say China wants to sell a car at $1000 with no tariffs. Then tariffs go up to $1000 so the cost is now $2000. China still gets that $1000 that it did before. Are you saying that China will not sell as much? Once that $2000 price is lower than other car makers of same niche China car sales volumes would be unaffected and therefore China would still receive same $ with or without tariffs. Can you give a numerical example of how China would lose out in this scenario? Also if China are producing cars cheaper than all other car manufacturers it actually reduces the dollar demand in the car industry as prices have come down. I dont see where the dollar shortage arises that you suggested.
people won't buy the chinese car that is as expensive as a western car
@lustgarten but even with the tariff it could be cheaper.
@@terrkamp then it wouldn't make much sense to have the tariff.
Jesus christ that 5 min hawk tuah intro
hello milkshake bug!
Aircraft carriers are no longer a match with new missiles. Battleships were awesome once but not forever. Even the poorest nations can take one out. Yemen scared one off damaging it but the US Navy doesn't want to admit it.