Keep pulling the thread on Michael Every.
The Strait of Hormuz remains effectively closed due to the ongoing crisis between the United States and Iran.
President Donald Trump has stated that the US blockade of Iran could be lifted as soon as Labor Day, which is 95 days away.
President Donald Trump stated he instructed Israel to halt its military actions against Hezbollah in Lebanon.
Michael Every predicts that under President Donald Trump, US policy will shift from traditional economic policy to a more integrated 'economic statecraft' approach.
Kevin Warsh has suggested that Federal Reserve dollar swap lines are geopolitical transactions and that Fed independence does not apply to them.
The United Arab Emirates has been offered a Federal Reserve swap line and is no longer a member of OPEC or OPEC+.
The Trump administration's strategy may involve using stablecoins to create lower interest rates in the US by replacing Eurodollars in the global economy with digital tokens.
A US withdrawal from the Middle East, leaving Iran in control of the Strait of Hormuz, would be a '1956 crisis' for the US, diminishing its global power status similar to what the UK and France experienced after the Suez Crisis.
President Donald Trump is reportedly planning to expand the Pentagon budget by $500 billion next year.
Michael Every hypothesizes that the Federal Reserve under Kevin Warsh may shift to providing QE-style balance sheet support directly to the physical economy for reindustrialization, rather than to the financial sector.
Approximately 13 to 15 million barrels per day of oil production has been shut in due to the lack of export capacity from the Persian Gulf.
Global commercial oil inventories are being drawn down at the fastest pace of any crisis on record.