This podcast episode explores the reasons behind the recent depreciation of the Chinese Yuan (RMB) and its implications for the global economy. It discusses China's strict capital controls and the influence of domestic interest rates on the RMB's fixing, which differs from the offshore exchange rate. The episode also highlights the improving Sino-US relationship, the performance of the stock market, and the potential for quantitative easing (QE) in China. It delves into the complexities of the US-China relationship, China's dominance in the electric vehicle (EV) and solar panel sectors, the recent rise in gold prices, and concludes with a discussion on the bullish arguments for gold. Overall, the episode provides insights into the Chinese economy, its relationship with the US, and the impact on various sectors and investments.