Yeah the Joe Kent interview with Tucker kind of confirms the City of London theory is dead. Luongo and Curry are wrong. It’s Israel.
Guess I'll check that interview out. I've always taken Tucker with a grain of salt especially with his CIA proximity, but Tom's not exactly gospel either.
What I will say, though, is that by removing every reason Iran had to avoid striking Israel with much in order to maintain a deterrent, we have basically let them off their short leash, and they've been raining fire down on Tel Aviv pretty consistently for a good few days. And the Strait of Hormuz does disproportionately affect European nations compared to North America.
The real fun will be seeing if Warsh and Bessent come together to spin up the money printers, but target them specifically at fuel subsidies (as well, perhaps at things like Urea and the other vital chemicals we're seeing shortages of alongside oil) as a way to both address the liquidity pinch while avoiding hitting CPI. This seemed the obvious solution after listening to Luke Gromen the other day talking about the bind they were in between those two factors (and the employment numbers that coincide with the liquidity issues) and it just seems like an obvious way to thread the needle, once you get two leaders of the same mind in those two positions. It also very much plays into Trump's old maxim of "Drill baby drill," which is a lot easier to incentivize when it's actually really fucking necessary (but also, really fucking profitable).
Who'd have thought the wars for oil would have been about CONSTRICTING supply in order to rebuild industrial capacity with the potential profits derived from it? Never a dull moment...
What I will say, though, is that by removing every reason Iran had to avoid striking Israel with much in order to maintain a deterrent, we have basically let them off their short leash, and they've been raining fire down on Tel Aviv pretty consistently for a good few days. And the Strait of Hormuz does disproportionately affect European nations compared to North America.
The real fun will be seeing if Warsh and Bessent come together to spin up the money printers, but target them specifically at fuel subsidies (as well, perhaps at things like Urea and the other vital chemicals we're seeing shortages of alongside oil) as a way to both address the liquidity pinch while avoiding hitting CPI. This seemed the obvious solution after listening to Luke Gromen the other day talking about the bind they were in between those two factors (and the employment numbers that coincide with the liquidity issues) and it just seems like an obvious way to thread the needle, once you get two leaders of the same mind in those two positions. It also very much plays into Trump's old maxim of "Drill baby drill," which is a lot easier to incentivize when it's actually really fucking necessary (but also, really fucking profitable).
Who'd have thought the wars for oil would have been about CONSTRICTING supply in order to rebuild industrial capacity with the potential profits derived from it? Never a dull moment...
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