A2A with Willem Middelkoop

76

Just a tremendous A2A earlier today with Willem Middelkoop, author of the worldwide bestseller, "The Big Reset".

Among the topics Willem addresses over this 40-minute call:

  • The current global currency wars and the still-pending eventuality of "The Big Reset"
  • The Chinese yuan and its relationship with the IMF and the IMF's SDR
  • How the US has punished Russia economically and driven it toward a closer relationship with China
  • The ongoing buildout of a new global financial structure dominated by China and the BRICS nations

And much, much more.

I urge you to take the time to listen to this recording in its entirety and then be sure to order the updated version of "The Big Reset" for immediate delivery once it's available next month.

TF

  76 Comments

Meemer
Sep 17, 2015 - 5:56pm

I have a dutch oven and it

I have a dutch oven and it makes marvelous stews, chili's and stampot. Got to say, I wasn't surprised by the lack of rate hiking by the Fed. Just got to shake your head about it all. Great interview by the way.

Chiron
Sep 17, 2015 - 6:03pm

Turn of the tape

Since QE and ZIRP every time the fed says no rate hike, stocks ripped higher. The "media" shills cry buy the dip on down days. Gold is smashed.

Trading thesis for 9 years: Bad news = dovish fed = stocks up ++ BTFD.

"Crash" several weeks ago, because why? Algos gone wild? Derivatives implode? U.S. Treasury black holes? Commodity deflation? China contagion? Earnings miss? I am really not sure, but the trend was broken.

Today: No rate hike. Gold up. Stocks down.

Muppet strings = USD-JPY and VIX smash. Prevents crash? But "fades to black".

The fed did not change but the pattern of response does!!!

This seems to be a huge frame shift moment in the "trading" psyche. Sentiment shift and loss of confidence in the fed.

Have we really just witnessed the big crest on the wave towards mean reversion?

Gold way down and a long way to climb.

S&P/Dow/Nasdaq way high and a long way to fall.

"I love it when a plan comes together."

Gramp
Sep 17, 2015 - 6:39pm

know what's the best part about the TV hacks and shills?

Picking the remote up and pressing OFF with a satisfying 'click'! :)

Airgead
Sep 17, 2015 - 8:02pm

Dutch oven

I am Dutch, and even wouldn't know what a Dutch oven is haha!

I walk often on wooden shoes however!

Null
Sep 17, 2015 - 8:04pm

"In modern business it is not

"In modern business it is not the crook who is to be feared most, it is the honest man who doesn't know what he is doing." - Bill Wordsworth.

Fred Hayek
Sep 17, 2015 - 8:23pm

Good stuff again, Craig.

I especially liked Willem's insights into the thinking of the chinese based on all his contacts.

There's no way the chinese are on the same team as the U.S.-U.K. oligarchs.

lakedweller2
Sep 17, 2015 - 8:34pm

@whoever

Why do we want to be everyone's enemy? Germany learned they bomb the crap out of you and kill your general populace, including someone's children.? Why do our leaders want that to happen to the US? Are there any candidates that find that policy a less than desirable option?

A second thought: people in other countries have children also and many of them would like to have their children to have a full life. Seems reasonable to many of us.

Chiron
Sep 17, 2015 - 9:04pm

War Drums and Politicians

The beating of the war drums bothers me as well.

Carl Von Clausewitz was a brilliant tactician and thinker. In his treatise, On War, he discusses certain principles. In essence, war was to be avoided at all costs. Diplomacy was to be utilized until the end. If certain objectives could not be obtained, then a country went to war. If a country went to war, the war was fought to win at all costs, and the country utilized "total warfare" to obtain the desired objective. Total warfare in 1812 was understood to mean the mobilization of an entire nation's resources into the effort. (Total warfare now would mean annihilation via nuclear arms and is not the current desired goal; or is it.).

We have things absolutely backwards now.

Our diplomacy loses from the beginning, and our wars are never fought to win.

It seems our politicians always want us to go to war; war is then a rich man's pursuit but a poor man's fight. Perhaps if they had to lead from the front lines, their views might be different. Next time Lindsay Graham wants to go to war, he should be in the first wave. He might actually realize that there are other ways to compensate for a lack of manliness than sending someone else's children into battle to die. The elite have never had to fight, just ask Warren Buffet what he thinks about soldiers.

To those veterans of Turdville who have worn the uniform, thank you for your service. You are better than what we have become.

canary
Sep 17, 2015 - 9:06pm

In fact, Goldman was very clear...

....When said repeatedly that "Markets need to be better prepared for any rate increase....No surprises".

canary
Sep 17, 2015 - 9:29pm

The only surprise to me...

...was the vote 9:1 ...with only one dissent. I expected stronger split. It tells me that we don't have to worry about the October FED meeting.

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