Erik Bethel

What large American company can you think of

that neither sells a product to China or imports a product from China.

It's hard, right?

So Ray Dalio runs an outfit called Bridgewater.

Bridgewater is one of the largest hedge funds in the world.

And in my opinion, and I think you sympathize, he's like an apologist for China.

So, you have elite capture politically, Wall Street, Silicon Valley.

Now, that's changing and it's changing very quickly.

Some of the sort of points of light that I'm seeing is foreign direct investment that was being deployed into China is now leaving.

Wall Street fund managers are starting to pull their money out.

And certainly, whether the taxes are 145% today or 20% tomorrow, whatever the case may be, I'm fairly certain that in every corporate boardroom in America, the risk officer is telling the board, hey, listen, we should probably think of how to move ourselves quietly out of China

to India, to Mexico, wherever, Abu Dhabi, elsewhere, or certainly back to the United States.

So these are some bright points that I'm seeing.

And we do need to detangle, and we can't have important parts of our economy held hostage to an adversarial nation.

We just can't do that.

Because we don't do processing in the United States.

And it's happening in everything.

Solar panels, it's hard for us to compete in this solar panel world when to understand how solar panels are made, you use huge amounts of silicon tetrafluoride and hydrofluoric acid, right?

So again, similar to processing of rare earth elements, it's not a very clean industry.

Now, obviously we can do it in a much cleaner way than China can, but they subsidize