@AngelicaOung Mao reconstituted the state of China. He birthed the iron will China has today, something that you don’t get even with advanced material wealth let alone even that has been moderately achieved in today’s China. He is controversial but never less great!
@EdbieLigerSmith China definitely uses the markets, but it also accepts that the market is blind and the state guides resources in a particular direction, which is why it is so good at what it is doing.
The Fed is cutting rates while inflation remains high.
JPMorgan is shifting its 60/40 model to include 20% gold.
China is opening Shanghai as a gold vault for the world.
The macro tide is turning — are you ready?
My latest post for FIRE-minded investors ⬇️
https://t.co/HU3gxIp15F
@RnaudBertrand It looks like they are competing but they are not. The US has no manufacturing to make the solar panels and EVs so the US can only export what they could dig from underground which the US has plenty. If anything, this continues to prove China’s incredible manufacturing capability
The old FIRE formula relied on low rates, steady jobs, and safe portfolios.
But in the age of AI, rising rates, and global decoupling — labor loses, capital wins.
My latest piece: Why FIRE needs a reboot in 2025.
https://t.co/lE3l7b5KoD
@RnaudBertrand Milton Friedman’s said it right if you put the US government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. The US government, by design, is supposed to be inefficient - which is the complete opposite of China.
@AutismCapital If China doesn’t like waste and production, then the US should lean towards waste and production. If China likes infrastructure and affordable prices, then maybe the US should move away from infrastructure and affordable prices…
The Two Financial Statements Every FIRE-Minded Person Should Track 🔥📊
Forget budgets. You need clarity.
Here's how to build your own cash flow statement and balance sheet — simply, once a year, using logic (not apps).
Read here → https://t.co/Hup6XWi7HR
Just dropped a new post on FireKapital: FIRE Abroad — Why You Need a Base, a Plan, and a System 🌏🔥
Living overseas can supercharge financial independence — but only if you do it right.
Read here → https://t.co/ADgO7bpCdF
Just launched FireKapital — a Substack exploring financial independence, investing beyond borders, and building resilience in a changing world.
If you’re into FIRE, macro shifts, and real assets:
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US could strategically adopt BTC as a reserve to inflate away its debt and hedge against dollar decline, while regulating it to ensure Bitcoin remains priced in $$. By later crashing Bitcoin, capital could flow back to the $$, artificially boosting its value despite QE
@PeterSchiff my first post ever and have been following you Peter for a very long time. support your thesis because if bitcoin is "digital gold" then gold is "physical bitcoin." think about it...