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KAOBOY MUSINGS and its associated podcast KAOS THEORY focus on the intersection of Financial Markets, Macroeconomics and Geopolitics. I've spent 30+ years as a trader/hedge fund manager and now manage money for my family office across many asset classes.

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Interview: Macro/China/BRICS with Pyotr Kurzin

Lots of Macro talk around China/BRICS as well as some Geopolitics/Economic Warfare Q&A.

Michael Kao

Aug 28, 2023

The first half of the interview was recorded on YouTube, but excludes Q&A:

The entire interview, including Q&A over Twitter Spaces can be found here:

Twitter Space Recording

https://twitter.com/PKurzin/status/1694046101244871045?s=20

Additional Show Notes:

In my talk, I touched upon several key threads here:

When I wrote about potential for CNY Devaluation back in March:

Re: Geopolitics/Inflation/USD-Ball In A China Shop.

Michael Kao

Mar 11

Re: Geopolitics/Inflation/USD-Ball In A China Shop.

While the past week in the financial markets has revolved around the demise of Silicon Valley Bank and the ramifications therein, I personally don’t think the extremely poor risk management practices of a bank focused on banking the most speculative sector of the economy will lead to a major domestic banking crisis. Consequently, I do not believe it der…

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My recent update about CNY and HKD:

Re: USD/China - The Donkey Kong Dollar Peg.

Michael Kao

Jul 22

Re: USD/China - The Donkey Kong Dollar Peg.

Like many kids who grew up in the 70’s and 80’s, I was an arcade game junkie. One of the games I invested countless quarters in was the endearing Donkey Kong, in which a lovestruck Mario braves numerous challenges to rescue the Princess from Donkey Kong, who has taken her captive.

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My piece about the problems with BRICS:

Re: Geopolitics/Oil/USD - BRICS-a-Brac?

Michael Kao

Apr 7

Dictionary.com defines “Bric-a-Brac” as “miscellaneous objects and ornaments of little value.” Despite all the recent hyperbole about the BRICS (Brazil, Russia, India, China, South Africa) nations forming a challenger to the USD, I believe it will amount closer to "Bric-a-Brac” than GRC contender.

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My West Point Paper about the USD as a Geopolitical Lever:

West Point Paper -- Part 1/4

Michael Kao

Feb 25

Introduction US national security is now firmly focused on Great Power Competition (GPC) and how to reorient policies to face the country’s challengers. Competition with China in particular is now front- of-mind, but the list of additional challengers will likely grow. The US-led Rules-Based Order (RBO) is changing in an increasingly multipolar world. Ne…

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