Call Me Stormy

Finding righteous currents in turbulent times

Archive for the category “Economizing”

What’s Driving Tariff Battles?

Economist and geopolitical analyst Tom Luongo joins the Economic Review to break down what he believes are the real forces driving the Iran war, the Canadian tariffs, and other major geopolitical and economic developments reshaping the global landscape. Luongo goes beyond the conventional headlines to examine the competing interests, financial pressures, and strategic objectives he sees operating behind these events.
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We also dig into the recent NDAA legislation, comparing the Senate and House versions and examining what the language actually says. We discuss why the word “integration” can be misleading, what the proposed military cooperation could mean in practice, and why we both believe integrating U.S. military capabilities with any foreign state is an unwise direction. Global economics do not operate in a vacuum—they are increasingly the direct result of the geopolitical power struggles, alliances, conflicts, and strategic decisions unfolding around the world.

Here’s more from Sarah Westall in a new edition of her Economic Review series. It’s an ongoing feature on her channel Business Game Changers.

 

Economic D-Day For Iran

Trump put the final nail in their coffin.

From now on, any country or other entity that helps Iran will be removed from the US dollar system and the world’s largest market.

Welcome to Operation Economic Outcast and the end of Iran’s economic future. Here’s more from Lori Colley.

Greatest Bubble Of All Time

Could we see a nasty economic correction soon? That’s the belief of Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com.

“There were plenty of people during the 2000 Dot-com bubble knew it was a bubble,” Dowd says. “They actually played it, and the game was get out before everybody else gets out. So people know it’s a bubble. The question is what will burst it? That is the credit markets and private credit which has been a big source of funding for AI is under stress. There is a default cycle coming and general backdrop of the real economy is quite weak.”

He continues, “The consumer is not doing well. Walmart just reported, and it had the lowest same store sales in six years. . .. The general population is not doing well, the housing market is rolling over, and we have the economic problems with China we have talked about before. So, it’s all conspiring to be a nasty correction.”

Dowd discusses the financial conditions  with Greg Hunter on a new edition of USAWatchdog.com.

Bessent’s Finances: No More Bull

As headlines warn of a $40 trillion U.S. debt and a “bond market explosion,” Barbara Boyd argues a manufactured financial panic is being used to attack President Donald Trump ahead of the midterms. She spotlights Treasury Secretary Scott Bessent’s “discreet” plan—echoed by Vice President JD Vance—to get economic growth to outpace debt by directing credit into productive investment rather than speculation or consumer handouts.

Boyd frames the approach as an updated Alexander Hamilton model: Sovereign credit for infrastructure, technology, and industry to expand real output and contain inflation, while curbing Wall Street and Fed-driven speculation. She cites Bessent’s focus on domestic production and supply chains and highlights executive-order priorities including advanced manufacturing, nuclear and fusion power, a Moon colony by 2028, and breakthrough science.

The episode also features Vance’s critique of free-trade policies, “deaths of despair,” and a $1B Cleveland-Cliffs investment in Middletown, Ohio. Here’s more from a new episode of Promethean Updates.

Could Interest Rates Blow Up?

Japan is the number 0ne holder of U.S. Treasuries. To keep Japan from selling its holdings, the United States is engaging in efforts to prop up the value of the yen, the Japanese currency. Eight-time best-selling author Jim Rickards, whose books mostly deal with finances, explains why this is a dangerous policy.

“Japan is the number one holder of US Treasuries. They have been selling Treasuries to get dollars to buy yen to prop up the yen,” Rickards says. “”What happens when you sell Treasuries? US interest rates go up. Do you think the Trump Administration or Secretary of the Treasury want US interest rates to go up? . . ..

Rickards goes on,”Treasury Secretary Bessent called Japan and said hold on to your Treasuries. We will give you all the dollars you need with a swap line with the Federal Reserve. So, what we are doing is the US is using dollars from the Fed to prop up the yen. So, the Japanese do not have to raise interest rates. So, the carry trade does not unwind. So, the markets don’t collapse. . .. It is extremely dangerous . . .. You are trying to defend an exchange rate that probably can’t be defended, and it is just a matter of time before it breaks.”

Here’, Rickards speaks with Greg Hunter on USAWatchdog.com.

Hostile Takeover Of eBay Begins

GameStop is attempting to pull off a hostile takeover of eBay.

We know GameStop’s CEO Ryan Cohen currently owns about 10 percent of eBay. The only question? Does he have the means to acquire majority shares of eBay on his own?

Or does he have well-heeled, silent partners, say in the Middle East? Here’s more from Clownfish TV.

The Bessent Doctrine

‘The Days of America Being Played are Over…” says an op-ed in the New York Times.

Wait — what? Treasury Secretary Scott Bessent says that the purpose of the Treasury Department is to grow and protect America’s economic might throughout the world.

Manage your own decline, Euroweenies! Here’s a new edition of The Right Angle. Scott Ott leads the discussion, joined by Bill Whittle and Steve Green.

 

Gold, Silver To Rebound Soon?

Precious metals expert Bill Holter believes the price of gold and silver will be much higher by the end of the year. He explains why in a conversation with journalist Greg Hunter.

Much of the conversation has to do with changes taking place later in July in Communist China. The changes should cut into — if not eliminate — the practice of “naked short selling” of precious metals in the United States market. Here’s more on USAWatchdog.com.

The Economy That Britain Stole

On America’s 250th Independence anniversary, Susan Kokinda argues that this moment is more profound because Donald Trump and his administration are reviving the “American System” of political economy—tariffs to promote domestic industry, manufacturing, and internal improvements—after it was suppressed following President William McKinley’s assassination in 1901.

She contrasts the American System with the “British System,” citing Henry Carey’s warning of two opposing systems, and says the nation’s economic heritage was replaced by free trade, consumerism, and institutions like the Federal Reserve.

Kokinda connects the Declaration’s appeal to the Laws of Nature and Nature’s God to economics, quoting Lyndon LaRouche on a state shaping a nation’s relationship to the physical universe. She highlights speeches by Jamieson Greer and Scott Bessent on production over consumption, and J.D. Vance’s call for a Hamiltonian approach grounded in human dignity, linking it to the Declaration’s “pursuit of happiness” over “property.” Here’s more from Promethean Updates.

 

Who Sets Prices?

$122 for Thai takeout?

That’s what’s happened in Seattle, after politicians forced a high minimum wage for DoorDashers.

Now customers order less food, and drivers get less work.

Government wage controls ALWAYS fail. Here’s more from John Stossel, describing how government regulations broke the gig work economy.

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