In this Institute of Economic Affairs interview, our Managing Editor Daniel Freeman interviews Mary Kissel, Executive Vice President at investment bank Stephens and former Senior Advisor to US Secretary of State Mike Pompeo.
Absolutely fascinating interview. Mary Kissel is truly a brilliant mind. A superb description of the risk born from China. There are many aspects to this multi faceted debate over China, its influences and its modus operandi. I happen to agree very strongly with everything Mary has to say. China is a real threat. And is growing in stature and eager to show it. The recent visits to Putins parades should send shock waves through the west. We should not make them any more rich. We should not consider investing not them invest with the west.,they are spreading their tentacles throughout Africa and Latin America. We should heed Mary’s warnings. The reason the west has gone cap in hand to them is simple, money! They see China as a cash cow of cheap goods. They see their resultant wealth from all that SPENDING of our money there in China meant when we run out it’s a magnet of sucking up to them. That’s what we have seen from our governments over the last 25 years. They are now in charge of our technology and make all our tech goods. They flaunt their association with Putin and North Korea. They threaten Taiwan and they frighten Musk! So we should think carefully about their inclusion in our needs of the future. My economic model is crucial to us getting away from theirs and others grip. The reason why China has appeared to exude growth is our stupidity in allowing them to control and hold our money. And their perceived growth is because of one thing SPENDING! Wherever you have SPENDING you have a growing economy. Because to have SPENDING you must have MONEY. Musk supply’s them with an awful lot of our MONEY and they Keep hold of it. Forcing us to go cap in hand to them for investment! Now, investment is SPENDING. But it’s not freely SPENT. It’s given with strings of capital and interest payments as well as future returns. What a crazy thing for us to allow. Investment of foreign interests that are not interests but a threat is astonishingly Stupid. But it’s because of the same greed as their Party leaders. The notion that power comes with the withholding of money and starving the people into working for little is, the same in all these dictatorships. Control the money and you control the power and the people. But in so doing that starving of the people of money denies SPENDING, it stifles growth and do the system will inherently implode. Think about it, if you hold onto all the money, what happens? No one can work or pay or live or feed. So inevitably the rich will get rich and the poor will be poor. To make sure these despots get stuck is to curatail their wealth by NOT SPENDING and NOT letting them hold our MONEY. Also don’t give them our secrets and deny our need for their products. For example, we don’t need electric cars! We can survive well on clean diesel and petrol for longer, but hydrogen is the killer for them! We don’t need battery power if we power by hydrogen, everything! Cars trucks, lorry’s, heating and electricity. All are possible. And we need to run our country without the need to borrow money or need for outside investment to make us even more dependant and poorer. We need to reinstate exchange controls. Don’t allow money abroad. All sovereign pounds remain in the uk. Make those holding it now, swap it for digital currency. Held in a uk bank. Put a spend by date on all digital money to make our economy grow so fast and in such weight that we will overflow the coffers of the exchequer. This will immediately take away the need to borrow and to underfund us and our own economy. But it will ensure they, China will also be underfunded by all our money and overspending of debts and their investments that cripple us. Why do we borrow back our own money? I can’t think of a more ridiculous and self defeating method of inward destruction ever! What planet are our politicians and rulers on? Certainly not this one. Idiotic and stupid are just two but, timid examples of their utter ignorance. Holding money out of our economy is bad enough but allowing it to be invested back with capital debt and interest as well as future profits is the most daft if them all. Wealth is not money. Wealth is production and turnover. And you don’t get that from withholding money or not spending! Money should be free flowing, literally. Money not flowing means no money being flowed and the result is no spending!!!! You can’t earn money from cuts. And trying to do more with doing less from cuts will never get growth! For goodness sake, am I the only one who can see this? To have an economy that works you need MONEY and SPENDING. You can’t have either if the top few can hold onto it all! The saving grace here is only a democracy can suffer this fairness and prosper. No dictatorship or despot can maintain their power in the same way. They will buckle where a democracy, run right, will always win out over that regime. But we need strength. Strength to see that collectively we can share the money to ensure its rotation permanently and perpetually. We can easily achieve this with digital money. Make it be spent, or unspent money goes to the exchequer. We will all be richer, including the rich! They too will benefit from true growth gained by all money moving from SPENDING!!!! Earn as much as you can, but you have to SPEND it do we all prosper. It payed for the Growth we need. It pays for the services we all need and desire. Small states give you exactly that. Small states! We want great big states that give China and Russia and Iran the states they deserve! Ones without our money or our help. Start taking control of our money and our borders before they do.
Absolutely fascinating interview. Mary Kissel is truly a brilliant mind. A superb description of the risk born from China. There are many aspects to this multi faceted debate over China, its influences and its modus operandi. I happen to agree very strongly with everything Mary has to say. China is a real threat. And is growing in stature and eager to show it. The recent visits to Putins parades should send shock waves through the west. We should not make them any more rich. We should not consider investing not them invest with the west.,they are spreading their tentacles throughout Africa and Latin America. We should heed Mary’s warnings. The reason the west has gone cap in hand to them is simple, money! They see China as a cash cow of cheap goods. They see their resultant wealth from all that SPENDING of our money there in China meant when we run out it’s a magnet of sucking up to them. That’s what we have seen from our governments over the last 25 years. They are now in charge of our technology and make all our tech goods. They flaunt their association with Putin and North Korea. They threaten Taiwan and they frighten Musk! So we should think carefully about their inclusion in our needs of the future. My economic model is crucial to us getting away from theirs and others grip. The reason why China has appeared to exude growth is our stupidity in allowing them to control and hold our money. And their perceived growth is because of one thing SPENDING! Wherever you have SPENDING you have a growing economy. Because to have SPENDING you must have MONEY. Musk supply’s them with an awful lot of our MONEY and they Keep hold of it. Forcing us to go cap in hand to them for investment! Now, investment is SPENDING. But it’s not freely SPENT. It’s given with strings of capital and interest payments as well as future returns. What a crazy thing for us to allow. Investment of foreign interests that are not interests but a threat is astonishingly Stupid. But it’s because of the same greed as their Party leaders. The notion that power comes with the withholding of money and starving the people into working for little is, the same in all these dictatorships. Control the money and you control the power and the people. But in so doing that starving of the people of money denies SPENDING, it stifles growth and do the system will inherently implode. Think about it, if you hold onto all the money, what happens? No one can work or pay or live or feed. So inevitably the rich will get rich and the poor will be poor. To make sure these despots get stuck is to curatail their wealth by NOT SPENDING and NOT letting them hold our MONEY. Also don’t give them our secrets and deny our need for their products. For example, we don’t need electric cars! We can survive well on clean diesel and petrol for longer, but hydrogen is the killer for them! We don’t need battery power if we power by hydrogen, everything! Cars trucks, lorry’s, heating and electricity. All are possible. And we need to run our country without the need to borrow money or need for outside investment to make us even more dependant and poorer. We need to reinstate exchange controls. Don’t allow money abroad. All sovereign pounds remain in the uk. Make those holding it now, swap it for digital currency. Held in a uk bank. Put a spend by date on all digital money to make our economy grow so fast and in such weight that we will overflow the coffers of the exchequer. This will immediately take away the need to borrow and to underfund us and our own economy. But it will ensure they, China will also be underfunded by all our money and overspending of debts and their investments that cripple us. Why do we borrow back our own money? I can’t think of a more ridiculous and self defeating method of inward destruction ever! What planet are our politicians and rulers on? Certainly not this one. Idiotic and stupid are just two but, timid examples of their utter ignorance. Holding money out of our economy is bad enough but allowing it to be invested back with capital debt and interest as well as future profits is the most daft if them all. Wealth is not money. Wealth is production and turnover. And you don’t get that from withholding money or not spending! Money should be free flowing, literally. Money not flowing means no money being flowed and the result is no spending!!!! You can’t earn money from cuts. And trying to do more with doing less from cuts will never get growth! For goodness sake, am I the only one who can see this? To have an economy that works you need MONEY and SPENDING. You can’t have either if the top few can hold onto it all! The saving grace here is only a democracy can suffer this fairness and prosper. No dictatorship or despot can maintain their power in the same way. They will buckle where a democracy, run right, will always win out over that regime. But we need strength. Strength to see that collectively we can share the money to ensure its rotation permanently and perpetually. We can easily achieve this with digital money. Make it be spent, or unspent money goes to the exchequer. We will all be richer, including the rich! They too will benefit from true growth gained by all money moving from SPENDING!!!! Earn as much as you can, but you have to SPEND it do we all prosper. It payed for the Growth we need. It pays for the services we all need and desire. Small states give you exactly that. Small states! We want great big states that give China and Russia and Iran the states they deserve! Ones without our money or our help. Start taking control of our money and our borders before they do.