Stansberry Research

Nomi Prins and Peter Zeihan on the Decade of Transition

Nomi PrinsCasey Daily Dispatch

Rachel’s note: Nomi Prins – former global investment banker and Wall Street insider – sat down with Peter Zeihan for a special video interview. And it was truly eye-opening.

For those who don’t know, Peter is a geopolitics expert and New York Times best-selling author.

His fourth book, The End of the World Is Just the Beginning, just hit shelves this summer. And it’s a must-read if you want to know what’s next for our changing world…

That’s why Nomi asked Peter to sit down for four video interviews.

Nomi shared a look inside their first interview with her readers back in September. And in their second interview, they talked about what’s next for our world as we know it.

Now, the full 40-minute video interview is reserved for Nomi’s paid-up subscribers… But Peter’s insights were so fascinating, we wanted to share a sneak peek with you. Read on…

Nomi Prins, Editor, Inside Wall Street: Hi, everyone, and welcome back to the second part of our four-part interview series with New York Times best-selling author Peter Zeihan.

Today, Peter and I are going to talk about more details of his new book, The End of the World Is Just the Beginning.

And if you haven’t seen the first part of our interview, I strongly suggest that you go back and do that, and you should also buy Peter’s book because it is fascinating. In fact, buy all of his books.

Peter Zeihan, Geopolitical Strategist: This is good. I like this.

Nomi: Yes, and they are incredible. You are just so prophetic in terms of how you see the world, what you’ve said, and how far ahead of other people you have been in saying it.

So thank you for coming on here and spending some time. I know you’re still in the middle of an incredibly frenetic book tour all around the world.

So today, we’re going to talk about that world in some more detail. And discuss particularly geopolitics and all of the unrest that is occurring in the world today, and how that feeds into some of the core subjects of your book.

From a geopolitical standpoint, where would you say we have to both be watching right now as well as potentially in the future?

You called the Russian invasion of Ukraine. With regard to that – and with regard to other trouble spots that you’re seeing in the world… how that ultimately is causing unrest… and what that means for the United States…

What does that mean for people invested in the markets, and how do you see that playing out?

Peter: Well, that’s going to take the whole session right there.

Nomi: [Laughing.] That’s right. That way, I don’t have to talk. You just inform. Because really, Peter, you have this way of breaking things down into such clear and distilled components that I am sure our subscribers get so much out of listening to. And again, thank you for being here today.

Peter: Well, why don’t we start with some baselines? As the world gets smaller – as the world breaks apart – there are certain things that you need in order to maintain a modern, industrial, and digital lifestyle.

Food is one of the obvious ones. Energy is one of the obvious ones, but also the raw materials that go into the things that allow us to manufacture.

And very few places have more than a short list of these things. And I think a good way to think about it is you break the world up into quadrants. So Western Hemisphere versus Eastern, Northern versus Southern.

That Northwestern quadrant, that is primarily North America – a major exporter of raw commodities, food, and energy.

Go to the Southwestern quadrant, food and energy. Southeastern quadrant – Australia, for example – food and energy again.

It’s only that last quadrant – the Northeastern quadrant that has Europe and Asia in it – that’s a net importer.

But it’s actually a little bit more truncated than that. Because if you draw a little circle around China and India, that’s half the world’s population. And everything in that quadrant that is not in that circle is still a net exporter of food and energy.

It’s just that one little bitty circle that is a net importer of everything except manufactured goods. And all the things that they need to make those manufacturing goods have to be imported as well.

That’s the part of the world we’re likely to see the greatest disruptions.

Because if anything goes wrong in terms of the raw commodities, or the energy, or the food, you have a degree of deindustrialization that is just kind of baked in. And there’s no way to undo that without a century of progress.

So that is the part of the world – specifically, East Asia – that I am most concerned about overall. And if you’re outside of that circle, you’re like, oh, we’re going to lose manufactured goods, we’re going to have to double our industrial plant.

This is a good problem. This is the kind of thing that you get record growth out of. There’s a transition period.

And this decade is that transition period, and that will be awkward in a lot of places. But China is staring down the maw of a deindustrialization process and, likely, at least in part, a “de-civilizational” process.

I have never been worried about China’s strength. It was always based on factors beyond their control, and those factors are not flipping. I am more concerned about what happens because of Chinese weakness…

Nomi’s Note: Nomi here. I hope you enjoyed this sneak peek of my second sit-down with geopolitics expert Peter Zeihan. It’s one of four quarterly interviews I’m doing with Peter.

If you liked it, good news… You can still claim a copy of Peter’s new book, The End of the World Is Just the Beginning, at an even lower price than ever. With the holidays around the corner, it’s an awesome present for friends and family.

Plus, you’ll get full access to all four of our conversations – videos included – along with some bonus perks. So be sure to stay tuned for tomorrow’s sneak peek… along with how to get a fantastic Black Friday discount...