Dissonance

...back from holiday...

This is an admission of failure without an adequate remedy as demonstrated by the fact a gunman fired 14 bullets at a Jewish-owned business in Toronto just yesterday.

1/12 Bloomberg: "Canada pitched expanding its financial services presence in the Chinese market as the northern nation aims to increase exports to its second-largest trading partner in a push to diversify from the US." bloomberg.com/news/articles/…

🚨 Merkel --> says the quiet part out loud...

CRITICAL UPDATE 🚨 >The Pizza Index just exploded to a record 434% >Israel is bombing infrastructure inside Iran >Two whales just placed $1.3M+ on U.S. troops entering Iran Potential payout: $2,000,000+

2026, day 92 Good morning from Asia. ‘'False and baseless': Iran's foreign ministry denies country has asked US for ceasefire’ (BBC); ‘Future of Strait of Hormuz rests with Iran and Oman, Araghchi says’ (Al Arabiya); ‘US intelligence assessments indicate Iran currently unwilling to negotiate end to war - report’ (JPost); ‘US to leave Iran 'pretty quickly' and return if needed, Trump tells Reuters’ (Reuters); ‘U.S. Withdrawal Without Iran Deal Would Be a Worst-Case Scenario, Says Macron’ (WSJ); ‘Bahrain's Strait of Hormuz resolution runs into fresh obstacles at UN’ (Reuters) - “a UN diplomat said China, Russia, and France raised issues”; ‘Risky commando plan to seize Iran’s uranium came at Trump’s request’ (WaPo); ‘A war meant to break Iran could leave Tehran stronger, and Gulf exposed’ (Reuters); ‘Trump threatened to stop weapons for Ukraine unless Europe joined Hormuz coalition’ (FT) - “Nato’s top official urged key alliance members to offer help to US to reopen key waterway”; ‘Trump Calls Some in NATO ‘Bad Allies’’ (WSJ); ‘Trump’s rage at NATO allies is binding them together — against him’ (Politico); ‘Trump has threatened to leave NATO over Iran. There are few signs that’s happening.’ (Politico); ‘Without the US, Nato is left naked’ (Telegraph) - “If Trump follows through on his threat to pull out of the alliance, the West will face its most profound crisis in 80 years”; ‘France’s new rocket artillery system faces denial for US ammunition’ (Euractiv) - “The US has not approved the use of American-made munitions in new French rocket launchers”; ‘Zelenskyy, Rutte hold talks with US negotiators, source says’ (AFP); ‘America’s Best New Weapon in Iran Is a Drone Inspired by Iran’ (WSJ); ‘US begins secret talks for new military bases in Greenland’ (Telegraph); ‘France Refuses Rafale Source Codes to India, Triggering Major Blow to New Delhi’s Airpower Independence Strategy’ (Defence Security Asia); ‘Shutting Hormuz is a template for China in Taiwan’ (FT) - “Beijing will seek to replicate Tehran’s playbook in the Taiwan Strait — and the global economic impact could be even worse”; ‘How to take down a US F-35 over Iran? Chinese engineer’s prophetic tutorial goes viral’ (SCMP); ‘Japan Is Fortifying This String of Islands Close to China’ (WSJ); In geoeconomics, ‘US lifts sanctions on Venezuela acting president, opening door for assets control’ (Reuters); ‘U.A.E. Is Revoking Visas, Stranding Iranian Residents Abroad in a Widening Crackdown’ (WSJ); ‘What Nasa’s new $93bn mission will reveal about the Moon’ (Telegraph); ‘Ryanair warns Middle East war, fuel shortages could hit summer season flights’ (Reuters); ‘PM’s call for calm appears to have achieved the opposite’ (AFR); ‘Australia’s economic pain will last long after Trump’s war ends’ (AFR) - “The effects will linger for months and the government’s assurances about our fuel reserves will be severely tested within weeks”; ‘PM says free market has left us exposed, flags more industry support’ (AFR); ‘China Is Taking On Giant Miners to Reorder a $190 Billion Market’ (BBG); ‘How China’s state insurer is turning Brazil’s credit crisis into an export advantage’ (SCMP) - “Brazilian importers who buy from China are turning to a state-owned Chinese credit insurer to sustain trade flows that reached US$158 billion in 2024”; ‘US Set to Roll Out Tiered Tariffs on Steel, Aluminum Imports’ (BBG); ‘The global economy turns out to be more resilient than we had feared’ (FT) - “Trump’s tariffs have not led to the kind of retaliatory action many expected”; In politics, ‘With Trump Looking On, Justices Tread Cautiously on Birthright Citizenship’ (WSJ); In markets, ‘The Iran War FOMO Trade Is Sending Stocks Surging’ (WSJ); ‘Oil Extends Drop as Trump Seeks End to Energy-Roiling Iran War’ (BBG); ‘The Fed is vacillating as the war continues’ (FT) - “This is starting to look like a central bank appeasing its political masters”

🎯

🎯🎯🎯

Some thoughts on the latest flood of news re: the Iran war. 1) The Pakistani-Chinese peace plan has little actual content and addresses nothing needed by either side. But it shows people are rightly starting to panic, as we knew they would at this time, as the consequences of what could be about to happen economically become crystal clear. 2) Trump has made equally clear, again, that the war ends in 2-3 weeks, in line with our base case - but also still 2-3 more weeks away, with an escalation in attacks likely during that window. 3) The Israelis and U.S. agree most of their key targets of regime power and military-industrial and nuclear sites will be taken out by then. 4) Leaving Hormuz as an Iranian tollway is a geostrategic disaster for Trump and the West. The GCC and Israel wouldn’t accept it, and violence could rumble on there, threatening energy flows longer term. {wsj.com/world/middle-e…} 5) Despite threats to ‘blow it up and walk away’ re: Hormuz, this therefore still looks like a negotiating tactic making clear nobody can say, “Not our war,” and everybody has to say, “Our ‘Peacekeeping’.” 6) Do NOT believe all that you read. Trump may have struck an emerging deal with pragmatic Iranian elements —and NOT necessarily frontmen like Ghalibaf— who are prepared to ‘do a Venezuela’ in the background…. **but it only works in the background** until they have cemented power in a fluid fog of war situation. 7) Obviously, there are <> fat tail risks here: 🖐️ A TACO that is the whole enchilada for the U.S. and the West in term of negative geopolitical and geoeconomic outcomes. 🤚 A war that grinds on and on and/or escalates to suck in many others - and becomes a true global energy crisis. However, what we are seeing so far is still —even if behind the scenes rather than served on a silver platter to people who want their Middle East geopolitics spoon-fed— in line with our base case of serious pain now but then a slow return to ‘normality’ on inflation… if not in geopolitics.

2026, day 91 Good morning from Asia. ‘China, Pakistan launch five-point plan to ease Iran crisis, push ceasefire’ (SCMP); ‘Trump: No deal needed to end the war, Iran won’t be able to obtain a nuke ‘for years’’ (ToI) - “US president says war ‘coming to an end’ even as he keeps amassing troops for potential invasion”; ‘At a crossroads: Strike fast or escalate — the defining choice of the Iran war’ (Ynet) - “Analysis: Israel and the US have dealt major blows to Iran’s nuclear program and military capabilities, but Tehran’s 'not losing is winning' strategy leaves a stark choice: a swift end through US pressure or a risky escalation in the Strait of Hormuz”; ‘Iran’s Revolutionary Guard Threatens to Strike U.S. Companies in Mideast’ (WSJ); ‘After factory strike, IDF says Iran trying to weaponize opioid at least 50x stronger than heroin’ (ToI); ‘All critical, essential targets within Iran to be destroyed before Passover, IDF announces’ (JPost); ‘Pentagon chief: Next days in Iran war will be ‘decisive’’ (Arab News); ‘Trump says no reason for US to secure strait of Hormuz and war will end in ‘two or three weeks’’ (Guardian); ‘Donald Trump to share ‘important update on Iran’ in primetime address’ (FT) - 9PM EST Wednesday; ‘Trump says France and other countries will ‘fend for themselves’ (FT); ‘Dire Strait: US tells Europe that Hormuz is 'not our problem'’ (Euractiv) - “‘Apparently in the eyes of Trump it’s no longer: "If I break it, I fix it," but "I break it, and the EU will fix it",' one diplomat said”; ‘Navy is not ready for war, admits First Sea Lord’ (Telegraph) - “Pressure piles on Starmer to increase defence spending as US mocks Britain’s ailing Armed Forces”; ‘How Houthi Red Sea attacks could drag the EU into the Iran war’ (Euractiv); ‘Europe pushes back on some US military operations as concerns over Iran war mount’ (Reuters); ‘Israel vows to occupy swathes of southern Lebanon to expand buffer zone’ (Guardian); ‘Israel refused normalization with Syria last minute, says Al-Sharaa’ (JPost); ‘EU show of unity in Kyiv masks strains in Ukraine support’ (Euractiv); ‘Berlin and Paris field negotiating duo to save FCAS fighter jet project’ (Euractiv) - “The €100 billion FCAS project has been stalled for over a year”; ‘Putin’s Internet Blackout: A Chaotic Drive to Cut Off Russians From the World’ (NYT); In geoeconomics, ‘Trump, Asked About $4 Gas, Says Prices Will Fall After Iran War Ends’ (WSJ); ‘How China can survive without the Strait of Hormuz’ (Reuters); ‘Europe faces its next big problem: The Iran war is driving up inflation’ (Politico); ‘Australia ‘staring into stagflation’, warns former Treasury Secretary’ (AFR); ‘Why spike in fertiliser prices may boost China’s political clout amid Iran war shockwaves’ (SCMP); '’No escape': Iran war and AI boom push up costs across the tech industry’ (Nikkei Asia); ‘Indonesia pushes remote work, biodiesel expansion to tackle oil crisis’ (Nikkei Asia); ‘Japan's Takaichi, France's Macron to strike rare-earths deal’ (Nikkei Asia); ‘Canada and Mexico on different paths heading into USMCA crunch time’ (Globe and Mail); In politics, ‘Judge halts construction of Donald Trump’s $400mn White House ballroom’ (FT); ‘Trump’s Order Ending Funding for Public Media Is Unconstitutional, Judge Rules’ (WSJ); ‘Trump issues order attempting to change rules for mail-in voting’ (WaPo); In markets, ‘Foreign central banks sell US Treasuries in wake of Iran war’ (FT) - “International official holdings at New York Federal Reserve fall to lowest level since 2012”; ‘Wall Street soars as traders bet on potential war off-ramp’ (Reuters); ‘Oil Steady as Traders Weigh Trump’s Call War Could End in Weeks’ (BBG)

2026, day 90 Good morning from Asia. ‘Iran's Parliament Passes Bill Imposing Tolls on Hormuz’ (BBG); ‘Trump threatens to ‘obliterate’ Iran’s energy sources, as Tehran calls US plan ‘unrealistic’’ (CNN); ‘America Downs Cheap Drones With Million-Dollar Missiles. A Fix Is In the Works’ (WSJ); ‘Thousands of US Army paratroopers arrive in Middle East as buildup intensifies’ (Reuters); ‘Israel Hits New Iranian Targets as Mideast Retaliation Spreads’ (WSJ); ‘Israel targets Iran’s leaders with lethal expertise using new AI platform’ (WaPo); ‘Netanyahu: Israel over halfway to war goals in Iran, no timeline for ending conflict’ (Ynet); ‘Gulf states urge Trump to intensify Iran war, officials say’ (AP); ‘Egypt’s President Appeals to Trump to Bring Iran War to an End’ (BBG); ‘Report: Iran pressing Houthis to renew attacks on Red Sea shipping’ (Ynet); ‘Iran Strikes Fully Laden Kuwait Oil Tanker in Dubai Port’ (BBG); ‘Shipping industry casts doubt on Donald Trump’s ‘present’ from Iran’ (FT) - “Claim that 20 Pakistan-flagged ships will exit Strait of Hormuz questioned as country only has 13 big ocean-going vessels”; ‘Trump could ask Gulf states to contribute to war costs, says White House’ (FT); ‘Rubio says US hopeful in private Iran talks after internal ‘fractures’’ (Al Arabiya); ‘Iran could emerge from the war stronger and more dangerous’ (FT) - “The Islamic republic aims to set up a toll booth on the Strait of Hormuz. It may succeed”; ‘Europe’s crisis tourism: how the Iran war swallowed the EU’s geopolitical agenda’ (SCMP); ‘Spain closes airspace to US military over Iran war, widening rift with US’ (Guardian); ‘US May ‘Reexamine’ NATO’s Merit After Iran War Snub, Rubio Says’ (BBG); ‘France sentences tanker captain as EU countries crack down on Russian shadow fleet’ (Politico); ‘Allies sent Ukraine 'signals' on reducing strikes on Russian oil, Zelenskiy says’ (Reuters); ‘5 ways the EU could cope with Hungary if Orbán wins again’ (Politico) - “They include changing how votes are cast, withholding more funding, and even expulsion”; ‘Rebuild and return: Germany expects 800,000 Syrians to leave before 2030’ (Euractiv); ‘A blueprint for Chinese global leadership’ (FT) - “With the US destroying its own credibility, the opportunity is Beijing’s for the taking”; ‘From Belt and Road to belt tightening: China's neighbours get cold shoulder on energy’ (Reuters); ‘The war with Iran may be ushering in a new nuclear age’ (Japan Times); In geoeconomics, ‘US trade chief sees only limited role for WTO after failed meeting in Cameroon’ (Reuters); ‘As the WTO flounders, the world’s middle powers go their own way’ (Politico); ‘Insurers give Emirates ‘outrageously’ cheap war insurance cover’ (FT) - “Dubai-based airline paying additional $100,000 a week while others face far higher charges”; ‘National fuel price measures threaten to worsen energy crisis, ministers told’ (Euractiv); ‘Brussels says Europeans should consider traveling less to avoid energy shortages’ (Politico); ‘Will Iran’s strikes on Gulf smelters strengthen China’s aluminium trade?’ (SCMP); ‘China looks to restart US energy imports as Iran tensions rattle markets’ (Nikkei Asia); ‘BYD hails windfall as Iran oil crisis supercharges Chinese EV outlook’ (Nikkei Asia); ‘UK facing one of the biggest hits from energy shock, warns IMF’ (Telegraph); ‘PM: fuel rationing to kick in at ‘extraordinary’ supply hit’ (Australian); ‘US pressures Brussels to join AI chips club’ (Politico) - “Top American official warns EU it should jump on board a U.S.-led initiative to compete on artificial intelligence”; ‘Half a million young workers to get up to 42pc pay increase’ (AFR); In markets, ‘European, African oil market gets tighter as Asia buys more’ (Reuters); ‘If Houthis Attack in Red Sea, Oil Could Hit $140’ (BBG); ‘RBA Says Not Possible to Predict Cash Rate Path With Confidence’ (BBG); ‘Trump to take first steps in opening retirement funds to private markets’ (FT)

And there’s this…. Welcome to the fog of war.

2026, day 89 Good morning from Asia. ‘Israel faces pressure to end Iran strikes as US pushes ceasefire-for-talks option’ (Ynet) - “Officials say Washington is pressing for the war to wind down within days to allow possible US-Iran negotiations, even as Israel doubts a deal is likely and sees potential American ground action as a preferable next step”; ‘Donald Trump says US could ‘take the oil in Iran’’ (FT) - “US president tells the FT he is considering seizing strategic Kharg Island even as negotiations continue”; ‘Trump Weighs Military Operation to Extract Iran’s Uranium’ (WSJ) - “The president hasn’t made a decision, U.S. officials said, as he considers the risk to U.S. troops”; ‘Iran’s heavy water production plant no longer operational, IAEA says’ (Al Arabiya); ‘Pakistan prepares to host peace talks as Iran accuses US of ground assault plans’ (Reuters); ‘Iran Threatens Payback if U.S. Launches Ground Invasion’ (WSJ); ‘Iran’s missile infrastructure severely strained after weeks of strikes’ (WaPo); ‘Kuwait Says Power Plant Hit by Iranian Strike, Killing One Worker’ (WSJ); ‘Iranian missile attack sparks blaze in chemical plant, fears of hazardous leak’ (ToI); ‘Russia took satellite images of US base in Saudi Arabia before Iran strike: Zelensky’ (The Hill); ‘How Iran destroyed US base’s $500m battlefield nerve centre’ (Telegraph); ‘Why Russia Is Stepping Up Its Support for an Embattled Iran’ (WSJ! - “Moscow is trying to salvage what is left of a shrinking web of global partnerships”; ‘What the Houthis’ entry into the Iran war means for the conflict and the wider region’ (Guardian); ‘France detains two more suspects over foiled Paris Bank of America attack’ (Reuters); ‘Netanyahu Lets Catholic Leader into Jerusalem Church Following Criticism’ (WSJ); ‘Iran’s ambassador won’t leave Lebanon despite expulsion, diplomatic source says’ (AFP); ‘Israel's Netanyahu orders expansion of southern Lebanon operations to halt Hezbollah rockets’ (Reuters); ‘$500 and a trip abroad: How recruits end up in Russian sabotage training camps’ (Politico); ‘U.S. to Allow Russian Oil Tanker to Reach Cuba, Breaking Blockade’ (NYT); ‘Why revived China-Philippine talks won’t lead to energy cooperation in the South China Sea’ (SCMP); In geoeconomics, ‘Iran activates its ‘resistance economy’ to survive the war’ (FT); There are claims the UAE has seized $530 billion from Iran and removed all Iranian residents from Dubai; ‘National cabinet to plan for fuel rationing, but hopes to avoid it’ (AFR); ‘Keir Starmer to meet fuel bosses as fears grow over Iran war shortages’ (The Times); ‘Hormuz shock sparks defense concerns and a push for green jet fuel’ (Politico); ‘Karachi leverages Iran war, wins a year's worth of transshipment in 24 days’ (Nikkei Asia); ‘EU’s Šefčovič confirms push for Western steel club with US and U.K.’ (Politico); ‘Huawei poaches top German scientist, as scholars blame academic system’ (Nikkei Asia) - “Lawmakers call for tighter rules over fears of Chinese tech know-how theft, sabotage”; In politics, ‘Tony Blair says left's 'unholy alliance with Islamists' is endangering U.K.’ (LBC); ‘Starmer told to ‘get a grip’ of McSweeney phone scandal’ (Telegraph); ‘EU wants to open deportation hubs in Africa this year’ (The Times); ‘Inside the shift in Labor heartland to One Nation’ (Australian); ‘Pope seems to rebuke Trump in remarks about leaders with ‘hands full of blood’’ (Guardian); In markets, ‘Oil Gains as Iran War Escalates With Houthi Attacks on Israel’ (BBG); ‘Aluminum Surges 6% After Iran Strikes Plants in UAE, Bahrain’ (BBG); ‘Eurozone borrowing costs soar on fears of fiscal hit from Iran shock’ (FT); ‘Three Reasons the Stock Market Can Endure the War’ (WSJ); ‘Why Kenneth Rogoff thinks China’s yuan will be a reserve currency ‘in the next 5 years’’ (SCMP); ‘Bitcoin resilience amid Iran war raises optimism about crypto adoption in ASEAN’ (Nikkei Asia)

This! ...is exactly why I come here...😅

The Earth is literally in shambles, that’s why nobody cares for lunar missions right now.

2026, day 87 Good morning from Asia. ‘Rubio tells allies Iran war will continue 2-4 more weeks’ (Axios); ‘Rubio says no US ground troops needed’ (Reuters); ‘US Signals to Allies No Immediate Plans for Iran Invasion’ (BBG); ‘Trump says Mojtaba Khamenei may be dead’ (Ynet); ‘U.S. can only confirm about a third of Iran's missile arsenal destroyed, sources say’ (Reuters); ‘Twelve US troops wounded in Iran strike on base in Saudi Arabia, US official says’ (Reuters); ‘Israel bombs 2 IRGC-linked steel plants, 2 nuclear facilities as Iran vows revenge’ (ToI); ‘Iran vows ‘wide, severe’ strikes after facilities targeted’ (Al Mayadeen); ‘Israel Is Rationing Its Best Interceptors—and Iran’s Missiles Are Getting Through’ (WSJ); ‘U.S. uses hundreds of Tomahawk missiles on Iran, alarming some at Pentagon’ (WaPo); ‘Trump says Iran has to reopen Strait of Hormuz, negotiations ongoing’ (Al Arabiya); ‘How Iran is seeking to cash in on the Strait of Hormuz’ (FT) - “ Tehran suggests system of charging fees and limiting passage to ‘non-hostile’ ships could endure beyond the war”; ‘Former Navy secretary: ‘No doubt’ US could run Strait of Hormuz’ (The Hill); ‘Trump Floats Renaming the Strait of Hormuz After Himself’ (WSJ); ‘US envoy Witkoff says Trump administration is hopeful for meetings with Iran soon’ (Al Arabiya); ‘Iranians hack FBI chief’s emails US justice department confirms’ (Telegraph) - “Kash Patel’s account ⁠compromised as personal photographs and emails shared online”; ‘Saudi Arabia and Ukraine sign defense procurement agreement’ (Arab News); ‘Ukraine offers Gulf allies drone defense in bid for scarce Patriot missiles’ (Defense News); ‘Trump urges Israel and Saudi Arabia to normalise ties after Iran war’ (AFR); ‘'If Lebanon wont disarm Hezbollah, the IDF will': Effie Defrin warns against Hezbollah’s rearmament’ (JPost); ‘Lebanese foreign minister behind Iran ambassador expulsion sparks Hezbollah fury’ (Ynet); ‘Houthis Threaten Red Sea Escalation as Iran War Risks Spreading to Second Shipping Chokepoint’ (gCaptain); ‘Biker gangs and hired hands: how Iran is increasingly outsourcing its terrorism campaigns’ (Guardian); ‘Gulf Countries’ Frustration With the US Grows as War Wears On’ (BBG); ‘Trump's Iran war pushes India to rekindle old friendship with Russia’ (Reuters); ‘Trump sells Iran war at Saudi investment forum in Miami, warning Cuba is ‘next’’ (The Hill); ‘Syrian president to visit Berlin on Monday for talks with Merz’ (Al Arabiya); ‘Trump Hints at Spending Less on Defense of NATO Countries’ (WSJ); ‘Trump weighs new ‘pay to play’ Nato’ (Telegraph) - “US president considers blocking members of military alliance from decision-making unless 5% spending target hit”; ‘Rubio and EU official had heated exchange on Russia at G7 meeting’ (Axios); ‘China denies retaliating against Panama ships, accuses Washington of canal grab’ (SCMP); In geoeconomics, ‘Iran Signals New ‘Permission-to-Transit’ Regime in Hormuz After Blocking COSCO Vessels’ (gCaptain); ‘Molecules are taking their revenge on services’ (FT); ‘European jet fuel supplies under threat as Iran war halts flows’ (FT) - “Warnings of supply crunch as imports drop and stocks dwindle”; ‘Anthony Albanese has announced new fuel security powers to get "fuel restocked" so Australia is "ready for what may come."’ (ABC); ‘Middle East conflict risks Europe's medicines supply, warns Swedish agency’ (Euractiv); ‘EU’s €1.8 trillion budget talks hinge on Hungarian election’ (Politico); ‘Trump pitches China trade ‘win’ to US farmers ahead of Xi meeting, midterms’ (SCMP); ‘China Starts Trade Probes Against US Before Xi-Trump Summit’ (BBG); In markets, ‘Wall Street Reels as Iran War Shatters Its Portfolio Defenses’ (BBG)

👀

@SecScottBessent @FT ...anyone who claims knowledge yet watches the BBC and reads the @FT - is meretriciously assuming intelligence...

By publishing this explicitly false story, the @FT has officially become tabloid trash for market participants. Despite my direct, on-the-record denial of ever having advocated, explored, or espoused the idea that Chancellor-Bank of England statute serving as a prototype for a Treasury-Federal Reserve relationship, FT journalists manufactured a story with the headline, “Scott Bessent praised Bank of England as model for tighter oversight of the Federal Reserve.” These pathetic journalists have clearly fabricated a story to give the impression that both I and the Trump Administration are setting “about restructuring the relationship… at a time when President Donald Trump has launched an unprecedented assault on the world’s most important central bank.” Their mendacious assertion is based on vague statements from unnamed “financial industry executives familiar with the matter.” In short, FT has literally manufactured an entirely fake policy position for me and the Administration. Other than furthering a maliciously false narrative of dysfunction and divisiveness, it baffles the mind as to why they would shred their already diminished journalistic credibility. Over the past 10 years, I have written more than 20,000 words opining on the Federal Reserve decisions, personnel, structure, and modifications. Nowhere have I ever mentioned this ridiculous notion. The Governor’s letters to the Chancellor have proven to be a useless and perfunctory device. There is much to be said about the storied Bank of England, but any recreation of its operating framework on this side of the Atlantic has never been contemplated. The shameful journalists and editors at the FT are shocking in their meretriciousness, lack of standards, and general intellectual libertinism. It is the worst tradition of Fleet Street to manufacture news rather than report on it. They have brought irredeemable shame to their parent organization, Nikkei Inc., with whom I had previously held excellent relations. In 2025, I laid out a comprehensive 6,000+ word review of each and every policy reform that I believe should be adopted by the Federal Reserve. Read my actual, real thoughts on and proposals for Federal Reserve reform at the International Economy: international-economy.com/TIE_Sp25_Besse…

CRITICAL UPDATE 🚨 It’s not just one wallet anymore... A group of fresh wallets has now loaded over $2,000,000 on the exact same outcomes: > US forces enter Iran by April 30 > No US entry into Iran by March 31 > No ceasefire by March 31 Potential profit: $2,500,000+

🚨 NEW SUSPICIOUS WALLETS 10 fresh wallets just loaded over $160,000 on a ceasefire by end of March Almost no history all created around the same time Potential payout: over $1,000,000

(Public, No Paywall) ♦️The Hormuz Crisis: An Alternative View♦️ open.substack.com/pub/anasalhajj…