Thread
Expect the Trump administration to continue to telegraph their moves.
Theyll overthrow Maduro but only after testing the waters with headlines months beforehand on mainstream media. They’ll cut interest rates, but they’ll warn you months beforehand. They’ll declare a housing emergency, but only after warning you that they would.
The element of surprise is no longer a tool at their disposal.
Why? Because the bond market is hanging by a thread. They cannot catch the market by surprise or they risk catastrophe.
Replies (5)
It’s also why they bombed Iran and Venezuela over weekends. Weekends are where the big action is now, so that the market doesn’t panic.
100%. Any political commentary that doesn’t make regular reference to the bond market is ignoring the elephant in the room
I agree completely. Like, I love Dave Smith, but he very often completely misses the point by completely ignoring the economics behind the news.
I’m careful to never bash Dave Smith because he was the one who actually woke me up (shamefully, i was an indoctrinated college student up until 2020).
That being said, why is he not bringing up a) the bond market/debt situation and b) bitcoin in every single episode?
Same issue I have with all the Mises Institute guys. If you’ve been reading Rothbard for the last 30-40 years, how could you not be a toxic Bitcoin maximalist by now?
Oh listen, I love Dave and listen to almost every podcast he does 😅 but I agree, it baffles my mind that he’s not a maxi
