Tom welcomes back Simon Hunt to discuss the global economy and the rapidly declining trust between governments.

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Simon notes that global trust is rapidly disintegrating, and often that trust is replaced by war. The Western economies are quite likely to flat line or enter into recession by the end of the year. Central Banks are more fearful of recession trends than inflation. In the end, their choice is either hyperinflation or recession. This winter we will see huge food inflation, driven both by policy and environmental problems. The world is going to have moderate growth, but inflation will be persistent across everything. It is human nature to stock up when prices are rising, which will exacerbate supply problems…

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