Dear readers,As you may recall from Monday’s Daily Dispatch, I’ve just returned from China and shared some thoughts about the place. This would seem to be a good time to share one of our last video conversations from the Recovery Reality Check Summit we held in Florida three months ago. Please note that while my tone was more bullish on China than this conversation – and I stand by my observations – that bullishness is regarding the mid to long term. In the near term, I’m quite sympathetic to the idea of more bubbles popping in China, and serious consequences ensuing for the global economy, as outlined by Gordon Chang in this interview.I also note that since this conversation was recorded, Gordon has been shown right regarding China’s increasing reliance on the US; the US has officially become China’s top trading partner, displacing the EU.Also, while in China last week, I heard of a young man sentenced to four years in jail for spray-painting “CCP Game Over” on a wall. The China Communist Party was never known for its sense of humor, and it seems to have much less of it these days. Several political observers I met in the country think the power struggle will ultimately be positive for China, resulting in the country moving toward greater freedom. In the meantime, it could have negative economic consequences, as per Gordon’s views below.On the bright side, Gordon agrees with me that whatever happens, even in the near term, the trend in China is bullish for gold.Whether we agree or disagree with all that Gordon has to say, the topic could hardly be more important for our investments. I hope you enjoy the conversation.Sincerely,Louis JamesSenior Metals Investment StrategistCasey Research Gordan Chang, author of The Coming Collapse of China and Nuclear Showdown: North Korea Takes on the World, was a faculty member of the last Casey Research investors’ summit. The next conference – Navigating the Politicized Economy – will be held in sun-drenched Carlsbad, California, September 7-9 and is being co-hosted by Sprott, Inc.This timely investors’ conference is designed to help further your understanding of the world’s increasingly centralized economies so that you can profit from the market dislocations they are creating. Many financial luminaries will be on hand, including David Walker, former United States Comptroller General; Karl Denninger, author the daily market commentary The Market Ticker and operator of Ticker Forum, an online trading community; and G. Edward Griffin, author of the best-selling book on the founding of the Federal Reserve Bank, The Creature from Jekyll Island.These are but a few of the new faces you’ll see in Carlsbad. Also appearing will be our own Doug Casey, resource investing legend Rick Rule, who founded Global Resource Investment (now part of the Sprott Group of companies), and Lacy Hunt, executive vice president of Hoisington Investment Management Company (HIMCO) and the attendees’ favorite speaker at our last Summit.This is just the tip of the iceberg, as we’ll have many more speakers, not to mention special sessions on alternative investments, precious metals, the energy market, and more. Plus, we’ll have roundtable discussions on the best investment strategies to implement right now, question-and-answer sessions, and specific stock recommendations that could pay for the cost of your Summit registration many times over.