Peter Zeihan

If you can come up with something new, and I'm all ears, then maybe it will work in a different demographic profile.

At the moment, the leading theory, and it won't work, is, of course, modern monetary theory.

That just shuffles those four factors.

It doesn't really change the math.

What the Trump administration seems to be trying, whether or not they're doing this consciously or not, is

question uh is some sort of um metered demand a restricted demand model where your demand is only met if the government green lights it and other people's demand that just doesn't count that doesn't factor in i'm not saying i think this is a good idea i'm saying it's like the only thing that i've seen in the last decade that might theoretically apply to a future society

Countries that are aging out but haven't yet crossed that line, they've run out of consumption, but they're not yet a retirement home.

Those countries are really, really dependent upon exports.

And Korea is probably the poster child for that.

China is very close second.

they need an open globalized world because they can never consume what they produce.

And so if they're going to have any income in any long-term tax capacity, it's going to come from selling stuff to other countries.

The thing is the countries that have the youth, India,

Brazil, Indonesia, Turkey, haven't risen in wealth to a level to absorb global manufacturing capacity.

The only first world country of size that's left that is still a net consumer is the United States.

And while I can say a lot of negative things about the Trump administration,

One thing that they really do understand is the consumer base of the United States is a tool of geopolitical power.

And extending or denying that to other countries is a very powerful negotiation tactic.

I mean, we needed to negotiate a second round of Bretton Woods, a second round of globalization.

This is one way to do it.