Everyone is watching the headlines.
Almost no one is asking the question that may actually decide this war.
Find out why America may be fighting yet another war it cannot win.
https://t.co/LhKd3mHsnP
#IranWar#Geopolitics#WorldOrder#Military
Because Trump failed to achieve his objective in Iran using military force, he has pivoted to using economic sanctions instead. However, Operation Economic Outcast will not only fail, but the economic noose that actually tightens may end up being the one wrapped around our neck.
🇺🇸 Trump claimed 55 times that he defeated Iran.
🇺🇸 He claimed 35 times that Iran was destroyed.
🇺🇸 He claimed 38 times that a deal was imminent.
🇺🇸 He claimed 25 times that the Strait of Hormuz was open.
You elected a clown, expect a circus.
My column in @FortuneMagazine with John Greenwood on why US Treasury Sec. Bessent's intervention is DESTINED TO FAIL:
"Sec. Bessent is engaged in “Operation Twist” to try to control the yield curve and keep the long-bond prices higher and the yields lower. It can only succeed if monetary growth is supportive of his action. During the first half of 2026, broad money has been growing at nearly double-digit rates. This fact will torpedo Bessent’s interventions, making them pointless."
BREAKING: Howard Lutnick tries to justify tariffs on Canada by absurdly claiming that Canada is hostile toward unions. 30% of Canadian workers belong to a union. Only 10% do in America. They either don’t know what they are talking about or they are lying.
My column in @FortuneMagazine with John Greenwood on US Treasury Sec. Bessent's POINTLESS INTERVENTION:
"Bessent will earn no points with the bond vigilantes for his intervention in the market for U.S. Treasuries by doubling its buybacks to at least $4 billion. The history of such market interventions is littered with failures."
https://t.co/HLceFeXlQu
I wrote this more than a month ago, on July 11.
A lot has happened since then. But the central argument has not changed:
The United States is fighting the wrong war, at the wrong time, under conditions that increasingly favor Iran simply by allowing the conflict to continue.
More than a month later, the thesis still holds.
https://t.co/M4lNpjGAjx
Last year, 46 tankers crossed the Strait of Hormuz on August 21.
This year, 5 tankers crossed on August 21.
TRUMP'S BLOWING SMOKE. THE USA DOES NOT CONTROL THE STRAIT. IRAN DOES.
As refunds swamp collections, US tariff revenues go NEGATIVE.
Customs duties came in at MINUS $25.6 BILLION in June and MINUS $8.5 BILLION in July.
TRUMP'S TARIFFS = A FISCAL CATASTROPHE.
You're assuming today's relationship will remain tomorrow's relationship.
One of the biggest mistakes in strategy is assuming yesterday's world still exists.
When the rules change, responsible leaders adapt, even if that means reducing dependence on their largest customer.
Your analogy also misses one critical point: just because a customer is your largest customer doesn't mean they dictate the terms of the relationship.
The customer isn't the owner of the business.
A good CEO negotiates with their biggest customer, but doesn't accept whatever terms are imposed under threat.
Standing up to coercion and diversifying your customer base isn't failed leadership, it's prudent risk management.
@steve_hanke Great powers lead because others choose to follow them.
When they increasingly rely on tariffs, threats, and coercion, even against allies.. it often signals declining influence rather than growing strength.
That is the deeper story unfolding before our eyes.
As America's global dominance is increasingly challenged, many still struggle to accept that the world is changing.
The instinct is to recreate yesterday's order through increasingly dramatic, if not desperate, proposals, packaged as economic innovation.
But history rarely moves in reverse.
The wiser course is to accept reality, recognize that the global balance of power is changing, and adapt to it rather than trying to restore a world that
no longer exists.
The real question isn't whether Carney prevented Trump's actions.
The real question is whether Canada should abandon its own long-term interests simply because the United States chose to unilaterally change the rules of the relationship.
Leadership isn't about bending the knee to coercion, it's about standing up for your country's interests while adapting to a world that has changed.
Protecting your sovereignty isn't failure;
it's leadership.
Everyone knows war is expensive.
Almost nobody is asking the question that matters:
Which side can actually afford to keep fighting?
Iran pays once.
America pays twice.
The implications are larger than they first appear.
Read the article → https://t.co/IbjUrvy6Re
#IranWar #Hormuz #Geopolitics #WorldOrder #Iran
Five months into the Iran war.
The advisers who predicted a quick victory are still on television.
Wrong analysis. Intact careers. Contracts still running.
America hasn't decisively won a major war in decades.
Vietnam. Afghanistan. Iraq. Now Iran.
This isn't incompetence.
Victory ends the contracts.
Peace is bad for business.
Why America's Wars Never End → https://t.co/GXiTpuQ2WV
#IranWar #Geopolitics #WorldOrder #Petrodollar #Military
🚨 The Bond Market Just Broke: Japan Dumps $26 Billion in Treasuries While America Is Buying Back Its Own Bonds
Today, the US Treasury admitted the long end of the bond market is broken. Nobody wanted the 10-year, 20-year, or 30-year debt. The 30-year yield just slammed into its highest level since 2007 (peaking near 5.33%).
So what did they do?
They announced they’re AT LEAST DOUBLING their liquidity buybacks of those exact long-term bonds, from a $2 billion max per operation to $4 billion+ starting September 9.
They’re literally borrowing short-term money to buy back their own long-term debt. Classic desperation move. Bond prices spiked, yields crashed 9-10 bps, and futures ripped higher the second the news dropped.
Meanwhile Japan, still the #1 foreign holder of US Treasuries is dumping them to fund currency interventions.
The BoJ and finance minister threatened of bold actions to save the yen. BoJ’s Yuto apologized for the measures being prepared.
June data just showed Japan cut holdings by another $26.4 billion (down to $1.117 trillion).
That follows the massive joint US-Japan yen-buying intervention in late July that burned tens of billions of dollars trying to stop the yen from hitting 40-year lows near 164. The yen has already given back more than half those gains and is back above 159.
When the biggest foreign buyer is selling Treasuries to defend its own currency… and the US government is forced to step in and buy its own unwanted long bonds… this isn’t “market support.” This is the system flashing red.
The famous City Of London banker @LordBelgrave had already warned about the planned debt, oil + currency financial crisis at the start of the year. It is now being executed.
Yields are the gravity of everything, your mortgage, stocks, crypto, gold. The can just got kicked harder and farther. Don’t look away.
Brown University’s Iran War Energy Cost Tracker shows US households have each spent over $600 EXTRA in gas and diesel costs since the war in Iran broke out.
TRUMP'S WAR ON IRAN = A TAX ON AMERICANS.
Saudi oil giant Aramco warns that, even if the Strait of Hormuz opens today, it will take at least 18 MONTHS to replace the oil inventories that have been drawn down because of Trump's war on Iran.
I AGREE.