On Friday afternoon I had Rudy Havenstein and Robert from Infranomics on the podcast. We talked about recent events in the Middle East and the disruptions that are coming, the political situation and midterms, and why the Fed is stuck between a rock and a hard place. I thought the most interesting part of the conversation was the back and forth on the political system. I wasn’t able to convince Rudy that the US should have a monarchy, but we all agreed that the system is very broken today. You can find Rudy’s Substack below, and he’s a must follow on Twitter. You can find Robert’s work on Twitter as well as his YouTube channel.
Podcast Summary
* How the recent events will feed into supply chains, inflation, and the complacency in financial markets.
* The political interference with financial markets, and the pattern of jawboning the markets.
* Why the Fed is stuck between a rock and a hard place, and why all roads lead to the big print.
* Why they aren’t surprised by the effectiveness of the Iranian resistance and why Rudy thinks this could be a rerun of the Iraq war.
* The problem with the mainstream media environment and the propaganda environment on social media.
* How the midterm elections might turn out after the recent adventure in Iran and that abandonment of most of Trump’s campaign agenda.
* Anarchotyranny, frontier justice, and fix it politics.
* The push to reindustrialize the US and undoing some of the side effects of hyperfinancialization.
* The potential for a completely different political system, and why the system can’t be reformed through the system.
* The pros and cons of monarchy versus the current system.
* Book Recommendation: Sinister Forces by Peter Levenda.
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