China vs Taiwan and Oil Price Worries
Explicit content warning
10/19/22 • 40 min
This week highlights from Coin Bureau’s YouTube channel focus on two critical macroeconomic issues - China and its stance on Taiwan and concerns around global oil prices. Both of these factors will be weighing on any investor’s portfolio in some way.
You’ll almost certainly be aware of the fact that China has long coveted Taiwan and aims to unite the two countries - by force, if necessary. This dispute has rumbled on for decades, but tensions are currently higher than they have been for a long time. As Chinese president Xi Jinping consolidates his absolute power by securing a third term in office - meaning he is effectively president for life if he so chooses - the likelihood that China will make its move is becoming uncomfortably high.
In the first part of today’s episode, we look at some of the main reasons as to why China could be on the brink of invading Taiwan. As US president Joe Biden has repeatedly pledged military support for Taiwan in such an eventuality, the stakes could not be higher for all three countries and the wider world. As we’ll see, there are many reasons why China could be readying for a strike and just as many reasons why such a move would have dire consequences for the world.
Next up, we take a look at why oil prices are also something we should all be concerned about (there’s not much in the way of good news this week, sadly). The Organisation of the Petroleum Exporting Countries - OPEC - the powerful international cartel that sets global oil prices, recently decided to cut production by 2 million barrels a day, meaning the price of oil is set to climb. This obviously has serious consequences for the global economy.
There’s also the uncomfortable fact that the US has recently tapped its Strategic Petroleum Reserve - SPR - to make up for the disruption to oil production caused by Russia’s invasion of Ukraine. This has helped to combat inflation caused by rising energy costs and insulate Americans from higher prices at the pump. But it also means that the US has decreasing amounts of oil in reserve for an emergency, such as, for instance, a war with China over Taiwan.
So, find a safe spot behind the sofa and have a listen.
We hope you enjoy the show.
Producer for iHeartMedia: Noel Brown
Editor: Semir Mutapcic
Theme music composed by: Noel Brown
See omnystudio.com/listener for privacy information.
This week highlights from Coin Bureau’s YouTube channel focus on two critical macroeconomic issues - China and its stance on Taiwan and concerns around global oil prices. Both of these factors will be weighing on any investor’s portfolio in some way.
You’ll almost certainly be aware of the fact that China has long coveted Taiwan and aims to unite the two countries - by force, if necessary. This dispute has rumbled on for decades, but tensions are currently higher than they have been for a long time. As Chinese president Xi Jinping consolidates his absolute power by securing a third term in office - meaning he is effectively president for life if he so chooses - the likelihood that China will make its move is becoming uncomfortably high.
In the first part of today’s episode, we look at some of the main reasons as to why China could be on the brink of invading Taiwan. As US president Joe Biden has repeatedly pledged military support for Taiwan in such an eventuality, the stakes could not be higher for all three countries and the wider world. As we’ll see, there are many reasons why China could be readying for a strike and just as many reasons why such a move would have dire consequences for the world.
Next up, we take a look at why oil prices are also something we should all be concerned about (there’s not much in the way of good news this week, sadly). The Organisation of the Petroleum Exporting Countries - OPEC - the powerful international cartel that sets global oil prices, recently decided to cut production by 2 million barrels a day, meaning the price of oil is set to climb. This obviously has serious consequences for the global economy.
There’s also the uncomfortable fact that the US has recently tapped its Strategic Petroleum Reserve - SPR - to make up for the disruption to oil production caused by Russia’s invasion of Ukraine. This has helped to combat inflation caused by rising energy costs and insulate Americans from higher prices at the pump. But it also means that the US has decreasing amounts of oil in reserve for an emergency, such as, for instance, a war with China over Taiwan.
So, find a safe spot behind the sofa and have a listen.
We hope you enjoy the show.
Producer for iHeartMedia: Noel Brown
Editor: Semir Mutapcic
Theme music composed by: Noel Brown
See omnystudio.com/listener for privacy information.
Previous Episode
The Day the Markets Broke and The Company That Wants to Take Over Crypto
It’s time for some more hits from our YouTube channel to brighten your week. Today you’ll hear all about the recent mini financial crisis in the UK and our investigation into a company that could be poised to dominate the crypto industry.
The UK has a new Prime Minister and a new Chancellor of the Exchequer and it’s safe to say they haven’t got off to the most auspicious of starts. Once parliament had reconvened following the period of mourning for the Queen, Chancellor Kwazi Kwarteng announced a so-called ‘mini budget’ that was focused on growth. The only problem was, this involved borrowing billions of pounds to not just cover soaring energy bills, but also to effectively fund a tax cut for the rich.
The markets were unimpressed and the pound plunged. What was more disconcerting however was the state of the UK bond market. The yield on UK gilts (government bonds) shot up, while the price went the other way. As a result, it became much, much more expensive for the government to borrow money. It also meant that UK pension funds became dangerously exposed, all of which is explained in the first part of this episode. It’s a sorry tale and a bitter pill for us Brits to swallow.
Then, in the second part of this episode, you’ll hear all about Circle, the company that is fast becoming one of the richest and most powerful forces in crypto. For those unfamiliar, Circle issues USDC, the second largest stablecoin by market cap. It also has some seriously heavyweight backing from the likes of BlackRock and Goldman Sachs.
Circle has been around for a few years now and began life as a bitcoin-focused payments company before moving into the stablecoin sector. It is also due to go public later this year, which would make it only the second crypto company after Coinbase to take this massive step. Suffice to say, this is a company you need to be aware of.
We hope you enjoy the show.
Producer for iHeartMedia: Noel Brown
Editor: Semir Mutapcic
Theme music composed by: Noel Brown
See omnystudio.com/listener for privacy information.
Next Episode
Inflation's Many Evils and Stopping US Politicians from Insider Trading
From our YouTube archive this week come two videos which lay bare many of the failings of the current financial system.
The first is inflation - that pernicious force which is busy making lives harder for most people around the world. Most, but by no means all, because those at the very top of the pyramid ultimately benefit from the inflationary system the rest of us labour under.
Believe it or not, but inflation is guilty of more than just rising prices and increasing living costs. It also drives many of the most troubling aspects of society, including war, environmental degradation, inequality and corruption, to name but a few. In the first part of today’s episode, you’ll hear how inflation furthers these evil ends and allows the wealthy and powerful to benefit, while everyone else foots the bill.
Then, in part two, you’ll hear all about a new bill in Washington DC which aims to crack down on insider trading by US politicians and other government officials. This shady practice has been going on since time immemorial, and this isn’t the first bit of legislation to try and tackle it. However, as the economic climate deteriorates and public opinion hardens against such underhand practices, perhaps this could be the moment the folks on Capitol Hill are brought into line. Here’s everything you need to know about the extent of the insider trading that’s been going on and what’s being done to curb it.
We hope you enjoy the show.
Producer for iHeartMedia: Noel Brown
Editor: Semir Mutapcic
Theme music composed by: Noel Brown
See omnystudio.com/listener for privacy information.
The Coin Bureau Podcast: Crypto Without the Hype - China vs Taiwan and Oil Price Worries
Transcript
Hello everyone, and welcome to the latest episode from the midweek edition of the coin Bureau podcast. Every week, I pick out two of my favorite videos from coin Bureau's YouTube channel to present to you in podcast form. The audio you're about to hear is from those videos I've chosen this week. Many of you have been in touch to ask whether it's possible to listen to our videos in podcast format, and so your wish is my command. This week, I've se
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/the-coin-bureau-podcast-crypto-without-the-hype-202670/china-vs-taiwan-and-oil-price-worries-24371382"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to china vs taiwan and oil price worries on goodpods" style="width: 225px" /> </a>
Copy