Geopolitics and Empire is joined by Nicholas Glensman, CEO of Avo Capital, a macro specialist

and commentator on geopolitics, politics, politics, and history.

Thank you for joining the podcast, Nicholas.

I believe you're currently somewhere in Brazil.

How are things in South America?

Well, it's interesting.

You know, Latin America is quite a bit behind Europe and the US in terms of vaccination.

I just don't, it's verified Brazil itself.

I'm finding a bit of a conundrum insofar as the central bank is raising rates aggressively and

overshooting to quell inflation. But there's a bit of a fiscal crisis and the bond market had a

very severe adjustment last week. And I'm sort of at a loss to wonder what they're thinking.

And then also, you know, just generically in Latin America,

the harder it gets for China to escape what I believe is, you know, the typical emerging

market middle income trap, the more Latin America, which has really sold itself to the Chinese,

will suffer economically.

So it's an interesting situation.

And I say about the vaccinations, with regards to Brazil, Brazil has an excellent system

of vaccinating.

So, you know, a couple years ago, there was a yellow fever scare.

You just go to the local centre, get your shot.

Flu, get your shot, or they go around.

Here, it's been a combination of not getting enough of Pfizer, Moderna, AstraZeneca,

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