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All-In with Chamath, Jason, Sacks & Friedberg

E76.5: Food shortage, China's grand plan, inflation, French election plus an All-In Summit preview

All-In with Chamath, Jason, Sacks & Friedberg

All-In Podcast, LLC

Business, Entrepreneurship, Technology

4.010.4K Ratings

🗓️ 16 April 2022

⏱️ 38 minutes

🧾️ Download transcript

Summary

*** PRODUCER'S NOTE: This is part two of E76. If you want to hear the besties break down Elon vs. Twitter, check out the previous episode.
 
 
0:00 Surprise part two!

1:03 Friedberg breaks down the global food crisis and predicts China's grand plan

9:27 Inflation: 8.5% CPI in March, potential causes, what the rest of 2022 might look like

18:22 Understanding French election results so far

23:08 All-In Summit update and preview

Follow the besties:

https://twitter.com/chamath

https://linktr.ee/calacanis

https://twitter.com/DavidSacks

https://twitter.com/friedberg

Follow the pod:

https://twitter.com/theallinpod

https://linktr.ee/allinpodcast

Intro Music Credit:

https://rb.gy/tppkzl

https://twitter.com/yung_spielburg

Intro Video Credit:

https://twitter.com/TheZachEffect

Referenced in the show:

https://thediplomat.com/2022/02/what-does-chinas-horn-of-africa-envoy-mean-for-its-non-intervention-principle/

https://www.scmp.com/news/china/diplomacy/article/3169076/china-unites-somalia-against-growing-taiwanese-somaliland-ties

https://allafrica.com/stories/202203190144.html

https://www.scmp.com/economy/china-economy/article/3170851/ukraine-invasion-china-braces-effects-global-fertiliser

https://www.economist.com/china/2022/04/09/when-china-worries-about-food-the-world-pays

https://www.scmp.com/economy/china-economy/article/3173619/china-didnt-hoard-grains-stockpiling-ensure-domestic-food

https://www.wsj.com/articles/us-inflation-consumer-price-index-march-2022-11649725215

https://twitter.com/DavidSacks/status/1485696010290491393

https://www.resultats-elections.interieur.gouv.fr/presidentielle-2022

https://www.nytimes.com/2022/04/13/world/europe/le-pen-nato-russia-germany.html

https://www.wsj.com/articles/visa-mastercard-fees-will-hurt-consumers-sen-dick-durbin-says-11650046879

https://summit.allinpodcast.co/

Transcript

Click on a timestamp to play from that location

0:00.0

All right, what oh, I'm doing this again. All right listen. It's a two-parter. You listen to the first part

0:06.0

Now this is the second part episode 76.5 if you will this is our first ever two-parter part two of our two-parter

0:13.9

You already listened to part one of episode 76 that's Elon and Twitter lots of details there and now

0:20.3

We're gonna cover some more topics including the global food crisis China's plan to stockpile about your food

0:26.2

Geopolitics while around the horn French election Germany, etc. And then we're going to details about a little bit of the drama and details

0:34.9

Pageanty parties poker all the good stuff of the all-in summit

0:39.5

Coming soon. Okay enjoy the show. I'll see you on Monday. There's still a war raging

1:03.1

But I wanted to get an update from Friedberg on the food crisis which he predicted very early for a lot of further

1:13.0

Fertilizer prices are still climbing like crazy

1:16.7

There's been some food riding in China, which I think is a separate ishohil educate us in a minute Sri Lanka

1:22.9

So what is your theory of what we're gonna do from here Friedberg because I think we're all waiting for this shoot a drop

1:30.6

And I think you predicted this is something that we would experience into the fall and into next year so

1:36.0

When you actually see these food riots occurring and then is China's food rights have anything to do with this or does that have to do with a

1:42.0

Yeah, I would put the Chinese food riots as kind of a separate localized okay chain problem related to the lockdowns got it but we're definitely

1:50.9

You know, I think I mentioned last week the USDA planting report showing in the US how acreage is being reduced on corn and

1:56.7

and and we're seeing this around the world where acres are coming out of production or less fertilizers being used

2:03.3

Which means less food being made so everything that we

2:05.5

Predict it. I mean this is a slow train a Titanic into the iceberg that we're watching right now and it's gonna continue for nine to 18 months

2:14.3

So you know one of the questions that people are now asking which I said you know would become a really critical next step in this crisis

2:21.5

Is how are we gonna bridge the gap in calories? Where's the food gonna come from?

2:25.5

And how are we gonna feed nations that are almost entirely dependent on imports that are running out of food or out of food?

2:32.2

So I've mentioned this in the past the whole world runs on a 90 day food supply

...

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