At last, the moment has arrived to drop another but very important weekly podcast
#thegreatcarbonswindle
Finance gets a bad rap but I believe we hold the key to improving the global warming crisis. Embrace logic, reject Dadaism before it"s too late. I hope if you feel as strongly as I do that you will encourage others to watch and join a more informed debate
Macro Confessions from somewhere in the future. This week the camera never lies. One moment, I'm trotting out responses under cross-examination from Chris. Ray Dallio, Sure...is he the greatest hedge fund manager ever? What...Blah Blah Blah, I swear I'm gonna hit him, and then..
I decide to go freestyle, a little scat, some improvisation. You can literally see the moment when a new idea forms in my head. Be in the room as I channel absurdity to try save the planet and see me explain why my endorsement of EU carbon trading permits is now bearing fruit
This week, I'm extremely pi$$ed off with Extinction Rebellion. Just what purpose does it serve? It feels more like fin de siècle, Dadaism than a logical plan to reduce carbon emissions. It should be called the great generational swindle. Makes certain hedges look trendy??
Maybe I'll launch an investment trust. Hey! help me do it...Kids seeking to make a difference should spend their money buying closed end mutual funds designed to permanently reduce the number of available pollution permits. Stick it to the MAN, buy permits, stop the polluters...
Zero tolerance for new oil field exploration is INSANE. 6.5 billion people on the planet consume 3 barrels of oil per person per year. We consume 13. Are they to live in poverty, denied our lifestyle? Or will oil demand double before 2050?
I'm channeling the Hunt Bros, let's do a Texan Hustle. Let's corner the market for permits, drive the pollution cost higher and higher. We need to get smarter, use renewable energy to fuel oil and gas exploration. Don't ban oil, that's suicide, find lower carbon oil instead.
And NFTs, vouchers, permits. nothing is out of bounds. One day soon I'm gonna launch my very own NFT but before that day...
I've got a radical idea to enfranchise all of us. Distribute pollution NFTs to every household for free. Then start issuing fewer and fewer of them and demand that households pay for their own carbon footprint with such vouchers.
Those that pollute less will own more vouchers and accrue a valuable asset. Let's use crypto technology to spread ownership of the planet's problem, to create the love-cult 2050 with smart people solving the world's greatest problem. Only with owning the problem do you solve it
This is the most important of the pod series, and I and @writes_sweeney ask that you share this discussion with friends and family to see if we can all start a revolution. To see if you and me and Chris can make the world a smarter and better place...

Who dare refuse?
And forget inflation, forget the Fed, forget incompetence and how many proposed rate hikes before the market implodes, and forget QE cause I got trade ideas a plenty. The energy complex is positively brimming with opportunities
Let's start a cult, the #greatcarbonswindle
The push back starts tonight
Love you all but I'm going to bed
I'm not laying down any beats tonight.

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More from @hendry_hugh

Feb 8
You know what they say about men with big desks..?
Golden Flutters? Golden Rubble? Barney Rubble more like...
Delving back into this week's pod and my Vlad ire...
Read 6 tweets
Feb 5
Macro Confessions Part XXV (APRIL,2012) This week I felt a movement in the time-expanse of the financial universe. In a land far, far away, an elderly, wise man of my acquaintance, my Master and Macro Overlord, bore testimony to a prophecy of bad tidings.
This week we set about deciphering the message delivered by the Godfather of Macro, George Soros, and his latest face-off challenge to China's President Xi. Dr Who (or is that Hugh?) gets trippy to ask, are his apocalyptic warnings from 12 years ago now in play?
This week, in the high stakes game of international trade, I ask, is China the nation that reneged? Does history repeat? Has the Chinese property market mimicked the unstable rise of the DJI in the 1920s? Will there be blood?
Read 10 tweets
Feb 3
Soros and the Chinese horoscope are becoming aligned
This is what I had to say in April 2012, ten years ago…I see the global economy grotesquely distorted by the presence of fixed exchange rates, the unravelling of which will create financial anarchy, just as it did in the 1920s and 1930s.
Back then the relevant fixes were around the gold standard. Today it is the dollar/renminbi peg. I believe we might soon come to question whether China is committed to maintaining its currency peg with the dollar.They should, but will they?
Read 12 tweets
Feb 2
I'm going to review this,
Read 7 tweets
Feb 1
Have you watched The Master's 9 minutes today? Yoda has spoken. The time is now. I'm a time investor. Forget value, growth etc, time is the essence of macro. Now that I get the significance of 12 Yrs to the Chinese I just know that now is right to walk on the macro short side.
But tell me, as I rehearse this week's podcast, just what economic good would a China deval provide? Sure Taiwan did the same in 1997. Interestingly, after all these years it has finally strengthened back to pre-deal levels...just in time for the games to begin once more?
Read 8 tweets
Jan 29
Seemed an appropriate swan song...St Barts forever
This year's markets are wonderfully ambiguous, if only SPX were down +20pc I’d know what to do. Anyway, I like a book that begins with something quotable - it means that my REM problem solving software is running inside my head.
I’m lifting from The Anomaly by Hervé Le Tellier but I’m yet to get really motoring with it. Then I’m gonna read it in French, it’s original language. But truth be told, I’m still in mourning for having finished Atlas Shrugged, where will my daily inspiration come from?
Read 5 tweets

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