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
4.0 • 10.4K Ratings
🗓️ 16 April 2022
⏱️ 38 minutes
🧾️ Download transcript
Summary
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
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Intro Music Credit:
https://twitter.com/yung_spielburg
Intro Video Credit:
https://twitter.com/TheZachEffect
Referenced in the show:
https://allafrica.com/stories/202203190144.html
https://www.economist.com/china/2022/04/09/when-china-worries-about-food-the-world-pays
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
Transcript
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| 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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