Global strategist Jacob Shapiro kicked off the Next 5 Years Executive Conference, saying it will be a time of great volatility. That is not necessarily a bad thing. “I’m actually pretty optimistic about the next five years,” Shapiro told RRFN. “When you get beyond the next five years, I get a little bit scared.” While there is opportunity in the short-term for U.S. agriculture, it is not coming from China. Shapiro sees more prospects from in Sub-Saharan Africa, Southeast Asia and Latin America. “It looks like the U.S. and China are on a collision course,” said Shapiro. “When you look at previous eras where you have rising and falling powers like we have right now it usually ends in some kind of cataclysmic conflict. The last true multipolar era was the 1890s that ended with World War I and World War II; unfortunately, that is the trajectory we’re on.” Shapiro said the next two years will be “the time to buckle your seatbelts” for higher energy prices. Listen to the full interview.
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