THREE WAYS THE WORLD TURNS INWARD
Are we moving from a liquidity-driven economy into a commodity-driven regime?
For decades, the world could usually produce more of whatever we wanted.
Now countries are turning inward just as AI, defense, reshoring, and electrification are demanding enormous amounts of physical capacity.
This has happened before, for very different reasons and with very different results.
1. Choice (Europe's 1879 tariffs)
2. Necessity (Napoleon's blockade)
3. Impossibility (the cotton famine)
…in today’s OUTSIDE MONEY
We Are Gonna Kick This Can Down the Road for DECADES!!
This might get me banished from certain circles, but hear me out 😬
What if the debt doomers are right about the problem, but thirty years early?