Tue, 13 October 2015
Alasdair MacLeod joined us today after a long hiatus on the show. He explained that by devaluing their currency, the Chinese have made it impossible or extremely dangerous for the Fed to raise interest rates. In the meantime, the Chinese move ahead with their plan for world domination and there's apparently nothing standing in their way. They're reconfiguring their economy to make it more Asian-centric and while this is a lengthy process, the end is a significant de-emphasis of the West in terms of importance to the World Economy. Will it work? Alasdair believes that they might just pull it off.
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