Topic: Stagflation

Chris Knowles argues that globalism is in a "late stage" and currently failing due to aging populations and maturing markets in the West. He suggests that the pandemic might actually be used to dismantle globalism rather than strengthen it, noting the absence of figures like George Soros from public life. The segment critiques Mike Bloomberg's performance as a representative of the globalist elite, characterizing him as ineffective.

The traditional economic system is undergoing a 15-year transition characterized by liquidity issues and technological innovation. Cliff High points to the conversion of retail mall spaces into industrial warehouses by companies like Amazon as a fulfillment of his earlier predictions. He also discusses the increasing friction between US states as they compete to tax wealthy citizens fleeing impoverished jurisdictions.