Daniel Lacalle

Y cualquier acuerdo final estaría requiriendo además la votación del parlamento canadiense.

Desde Madrid, Daniel Lacalle, economista jefe de Trusses, se encuentra conmigo ahora como siempre.

Bienvenido, buen día.

¿Cómo se encuentra, Daniel?

That is, there is no barrier right now that makes it so that if more products are demanded from Canada, Europe cannot buy them widely and without the slightest problem.

And yet, Canada's exports to the European Union are inferior to those exported to the United Kingdom.

What Mr. Carney is doing is creating a headline based on something that he not only cannot achieve, because it has already been proven, it is not an opinion of Daniel Lacalle, it is evidence, not only can he not achieve it, but he also faces his biggest commercial partner.

Estamos hablando de que los datos están documentados exactamente.

Uh, I should note that an oil price shock isn't really inflation, but most people think it is, so I guess we have to accept this as a rationale.

Uh, but as economist Daniel Lacalle has pointed out, you know, uh, raising interest rates isn't going to create more oil a- and that's really the fundamental problem.

Uh, monetary policy can do certain things.

It can't deal with a price shock.

In other words, all roads lead to more inflation.

That's why my head spins every time I see a big gold and silver sell-off after any news that supports the rate hike narrative.

I interviewed economist Daniel Lacalle, um, last week, and he really summed up things perfectly.

I'll link to that interview on the show notes page.

I'm Mike Gleason.

Coming up, don't miss a tremendous interview with highly respected economist Daniel LaCalle, fund manager, professor of global economy at the IE Business School in Madrid, Spain, and author of Escape from the Central Bank Trap, among other books.

Daniel and Michael Meharry discussed the recent European Central Bank rate hike and what that may mean for the Fed and thus the markets.

Daniel also boldly asserts that those who sell their gold and silver when interest rates are rising simply have it backwards and just don't understand how the monetary system works.

And he explains how when governments raise interest rates to combat higher inflation, it's a sign that you need to own more precious metals, not less.

So stick around for an enlightening conversation with Daniel LaCalle about that and a whole lot more coming up after this week's market update.

And as a reminder, please download, like, rate, and subscribe to this podcast wherever you consume this content.

Gold and silver have taken a pretty good beating over the past couple of days with rising interest rate expectations and still more turmoil in the Persian Gulf weighing on the metals.

We'll take from the rich and we'll give it back to you.

In your latest market commentary, you quoted Daniel Lacalle, who wrote on why elites love socialism.

He said, quote, it allows them to speak in the language of compassion and humanity while building structures of dependency.

So end quote.

How can they reach me? I think it's easy to reach me.

Just click Daniel Lacalle on Google.

You have a Spanish and English account, Spanish and English YouTube channel, Spanish and English website.

So if you Google me and you find first the Spanish one, make sure that you can find, because it is there, an English account.

That makes him dangerous to liberal democracy.

And a government critical view comes from economist Daniel Lacalle.

Germany offers a cautionary tale.

Decades of statist economic policy, heavy regulation, high taxes, interventionist governance, and the abandonment of nuclear energy have hollowed out German industry foundations.