Despite the widespread protests engulfing his country, French President Emanuel Macron recently traveled to China to plead with Premier Xi Jinping to denounce Russia's invasion of Ukraine and bring Putin to the negotiating table. Macron was reportedly unsuccessful in gaining the denunciation, but China has expressed an interest in helping broker peace in Ukraine -- something that might help Macron at home with all those protesters.
ORANGE PILL PODCAST
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Max and Stacy with the ORANGE PILL on 01 June 2023
Topics:
- More rugpulls, more shitcoin crashes, and the kinky explanation for it
- Saifedean visits El Salvador
- Fold and Strike move to El Salvador
"Assuming the Fed still hikes either 25 or 50 basis points on the 22nd, the Fed will have raised 500 basis points in a year," asserts Jim Bianco, founder and president of Bianco Research. "No more analysis needs to be done. That's too much. That's a gigantic rise in interest rates, and this will cause a giant downturn in markets," he tells Daniela Cambone. "This is now a fundamentally different economy, and there is not going to be a return to a 2019-style world," Bianco says. "The result of all of this is that the economy is out of balance, and that leads to persistently high inflation," he continues. "Inflation will remain up until we realize this. We have to reshift and restructure this economy and instead of doing that, we'd rather engage in a debate about if it actually has changed," Bianco states. "The cities need to be fixed and reoriented so it's not a terrible experience going into the office... They need to rethink this," he argues. "The layoffs occurring in the tech sector are not emblematic of what's happening in the rest of the economy," he says. "I think CBDCs are coming faster than we think and I think they are probably the worst idea that we have in finance," Bianco continues. "[CBDCs] are not an evolution of finance. They are just a behavioral state tool that will be used to manipulate behavior of people," he concludes.