Arthur Hayes

I forgot, it was 2018 or whatever it is.

And the other message is common prosperity.

He doesn't care that people lost money in housing speculation.

And as long as people are not rising up in the streets, I think he'll continue to pursue this policy.

The Chinese government has not stimulated as much as the West has to abate this property crisis.

He is stimulating to build more AI to overcome the semiconductor embargo that the United States placed on them to make sure that their BYD car, electric cars, you know, 2000 US dollars or whatever it is that they sell those to the emerging world.

Right.

You go to China, everything that you get in America is better and cheaper in China.

And so it just is a fact.

So that's what they've been focusing.

That's where their credit has gone.

Whereas the U.S.

credit went to go blow up Muslims in the Middle East, China took their credit and we're going to build AI.

I mean, Japan, again, is a very wealthy country.

They have, what, $3 or $4 trillion of net portfolio assets.

And so eventually what will happen is the yen will strengthen.

The Japanese government will tell the Japanese people and companies, bring your yen home.

Invest it here in Japan.

Stop funding the United States and Europe.

And there, build out of AI.