Will capital and opportunities shift to the East from the West? From Chris MacIntosh at internationalman.com:
Doug Casey’s Note: There aren’t too many newsletters that I can recommend wholeheartedly. Chris MacIntosh’s is one of the few. It covers the entire investment waterfront, it’s thoughtful and well-written.
Let me add I’m completely on the same page with Chris and his views. I urge you to read what he has to say.
International Man: I’d like to introduce Chris MacIntosh.
After working for many top-tier investment banks, Chris left the corporate world. He has since built and sold multiple million-dollar businesses, built a VC firm allocating $35m into early-stage ventures, and become a full-time trader.
He now manages money for clients of Glenorchy Capital; a macro focused hedge fund. Chris is the founder of Capitalist Exploits, with its flagship investment subscription letter called Insider.
Alright, let’s get into our discussion.
As countries destroy their national currencies, middle- and lower-class individuals will disproportionally be affected.
Are we seeing global destruction of private savings? What are the implications?
Chris MacIntosh: There’s a lot to unpack there.
What we’re seeing is the wholesale destruction of the middle class, certainly in Western democracies.
I think it’s by design.
We’re also seeing a wave of neo-Marxism taking place across the Western world, and they see it as an opportunity.
