James A. Fok, Financial Markets Professional and author of the book, “Financial Cold War”, joins us today for a discussion on how the Great Leap Forward has had an impact on China as a society and why they start to experience a virtual societal collapse, the financial relationship between China and the U.S and how financial warfare between the two countries can create a global crisis. We also discuss the idea of financial mutually assured destruction and how the Western society can become more financially independent from China and vice versa, the notion of having a neutral reserve currency to create a more balanced financial relationship and much more.
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Episode TimeStamps:
00:00 - Intro
02:58 - Who is James A. Fok & why did he write his book
07:30 - A virtual societal collapse in China
19:02 - An emerging scepticism?
25:03 - The balance payment deficit of the U.S
40:10 - Deepening the interdependencies between China and the U.S
50:14 - A fragmented financial relationship
56:59 - The possibility of a neutral reserve currency
01:02:50 - Takeaways from Niels
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