Topic: Capital Flight

With over 400 billionaires, China ranks second only to the United States in extreme wealth. As the CCP moves to "soak" the rich to resolve the national debt, a massive flight of capital and people is expected, similar to the exodus from Hong Kong in the late 1990s. Many wealthy Chinese are expected to seek citizenship in countries like Canada or the U.S. to protect their assets.

Reports indicate that pro-Putin Russian elites were able to fly their money out of Cyprus on private jets before the bank freeze took effect. Meanwhile, armored vehicles were deployed to distribute cash to local bank branches under heavy guard. The hosts discuss the geopolitical implications of the "Troika" taking over the Cypriot economy and the resulting protests in Nicosia.