Bessent has a “Grand Encirclement” plan for China     -Bloomberg, 4/12/25 A thought experiment. Imagine if: Within the next 89 days, the US, Europe, and Japan agree to go zero/zero on tariffs and remove all trade barriers. Then Europe and Japan join the US in raising tariffs on China to 145%. Then the US, Europe and Japan as a united front negotiate with China to remove tariffs and trade barriers, and put in place strong structural

Trump just advocated changing post-1971 structure of USD reserve status – did you catch it?      -Title of the 1/28/25 edition of FFTT Maybe I’m in the black, maybe on I’m on my knees, maybe I’m in the gap between the two trapezes…      -Coldplay, “Every Teardrop is a Waterfall”, 2011 My advice to every country right now is: Do not retaliate. Sit back, take it in, let’s see how it goes. Because if you retaliate, there

…what’s happened in the Ukraine/Russia war has massively accelerated warfare in a way that I think it’s the greatest advancement or it’s the greatest swing in the pendulum, really, since Genghis Khan put stirrups on horses. Now, if you go back that far, I think that was 1218 or so, he set off literally the Mongol Empire when he was done, went from the Pacific to Hungary, and he mauled and terrorized his way through