Aug 27, 2026 · 2h 8m
Deglobalization turns finance into a tool of state power
De-Globalization Is Forcing Nations Worldwide To Choose A Side | Michael Every
The episode connects trade, sanctions, stablecoins, energy, industrial capacity, and portfolio strategy to a world where national resilience increasingly shapes markets.
- 1Michael Every argues that the United States is using finance, technology, energy, and trade to pursue neomercantilist strategic goals.
- 2Stablecoins could expand global demand for dollar assets while creating new channels for U.S. financial influence and policy flexibility.
- 3The investment discussion favors physical resources, infrastructure, and disciplined risk management over purely financial speculation.
Don't miss
Michael Every explains how dollar stablecoins could support international Treasury demand and potentially replace aspects of the petrodollar system.
The brief
Michael Every frames deglobalization as a shift toward neomercantilism, with the United States aligning markets, technology, finance, energy, and private industry behind strategic goals.
The sharpest argument concerns stablecoins: Every says dollar-linked instruments could create international demand for Treasury assets while supporting separate domestic and global dollar channels.
Iran, energy routes, industrial capacity, AI infrastructure, and possible simultaneous conflicts show why financial power cannot substitute for physical resources or resilient production.
Every’s cautious optimism rests on U.S. adaptability, even as China, Russia, North Korea, NATO vulnerabilities, and Middle East escalation raise the cost of miscalculation.
Mike Preston shifts the lens from geopolitics to personal finance, emphasizing temperament, defined strategies, options risk, retirement readiness, and the difference between wealth and security.
What was said on this episode
44 statements · 28 positive · 11 negative · 2 mixed · 3 neutral
Global economic alignment will increasingly divide between U.S.-linked systems and Iran-linked cooperation.
“There's going to be an emerging nexus around U.S. markets, U.S. tech, U.S. finance, U.S. stablecoins on one side, or you can work with Iran on the other.”
Listen at 0:56
The Clarity Act will likely pass before year-end, accelerating stablecoin adoption by 2027.
“it looks like it's going to be before the end of the year, which means that you can probably expect stable coins to be pushing out aggressively by 2027 at the latest.”
Listen at 5:50
Stablecoins will be adopted en masse globally, especially in emerging markets.
“if they are adopted en masse around the world which i expect them to be in emerging markets in particular”
Listen at 6:14
Stablecoin demand could create several trillion dollars of additional short-term Treasury demand.
“we are going to shift us issuance to the short end of the curve just as we're going to create an artificial bump for several trillion dollars worth, potentially”
Listen at 6:29
Treasury-market management will reduce financial constraints on U.S. military action against Iran.
“we are not going to allow the financial market constraints of the treasury market to tell us what we do or don't do militarily against Iran.”
Listen at 9:20
The United States is moving toward a neomercantilist economic framework.
“America is moving towards neomecantilism rather than mercantilism”
Listen at 13:31
U.S. policymakers aim to reduce the trade deficit.
“They would like to try and close that trade deficit where possible.”
Listen at 13:59
U.S. strategy seeks reindustrialization, reshoring, and geopolitical bifurcation.
“there is a comprehensive plan to re-industrialize, reshore, if necessary, bifurcate the world into those who are with us and those who are against us.”
Listen at 17:15
The United States expected a rapid victory over Iran comparable to Venezuela.
“The U.S. had expected to win versus Iran quickly like it did versus Venezuela.”
Listen at 18:21
U.S. policy may prioritize domestic diesel supplies over foreign access.
“we are going to get diesel, inadequate supply, and we are going to have it at prices which are suitable for the U.S. economy, even if that means other people don't get it.”
Listen at 21:10
U.S. economic statecraft can deploy Treasury policy, sanctions, and stablecoins strategically.
“Once you recognize that you can play with the treasury market, you know, and you can play with sanctions and you can play with the US dollar via stablecoins. Nothing is sacrosanct. Anything and everything can be thrown into the mix.”
Listen at 22:01
U.S. policy seeks to restore Venezuela’s oil production to two or three million barrels daily.
“the U.S. needs to get Venezuela to get back up to where it was 10, 15, 20 years ago, where it's two or three million barrels a day rather than half a million.”
Listen at 24:38
The United States is using financial mechanisms to prepare for physical conflict and supply constraints.
“The U.S. is using financial fartcraft, as in speculative bubbles of gas, to try and prepare for a world of warcraft.”
Listen at 25:53
Financial easing can increase pressure on scarce physical commodities.
“you create even more physical pressure with that financial uh lubrication”
Listen at 27:40
The United States could require imports to be paid in dollar stablecoins.
“you start saying, we're going to pay for imports in dollar stable coins”
Listen at 35:51
Dollar stablecoins could provide infrastructure for neomercantilist policy.
“there are ways in which this is the perfect set of rails on which to try to run a more neomicantilist policy.”
Listen at 38:25
European stablecoin restrictions are more likely to occur at the pan-European level.
“I don't think it will happen within Europe. without getting into European politics. I don't think it will happen at the national level. That's going to happen at the pan-European level.”
Listen at 41:53
Successful stablecoin adoption could give the United States goods without equivalent liabilities.
“the US ends up basically getting a lot of stuff for free and creates like a third dimension to the two dimensional balance sheets we're looking at at the moment”
Listen at 43:03
U.S.-backed plans are rapidly expanding Middle Eastern pipelines that bypass Hormuz.
“the number of plans being really rapidly pushed forward, by the way, very often with American backing, very often with American backing in the background to get pipelines built out of the Middle East. in different directions so you don't have to go through hormones”
Listen at 45:34
A favorable U.S. outcome could reorder the Middle East around westward energy pipelines.
“if the US emerges from this mess with the middle east reordered the way it wants it to with the pipelines running west”
Listen at 47:26
North Korea may send 50,000 troops to fight in Ukraine.
“the whisper is they're about to send 50,000 men to Ukraine to fight.”
Listen at 1:01:34
Russia may mobilize or escalate after its Duma election.
“after their... parliamentary called the duma election september 1920 so september 21st onwards they may mobilize they may escalate”
Listen at 1:02:00
Ukraine is currently at the forefront of drone technology.
“Ukraine, no doubt, is the cutting edge of drone technology right now.”
Listen at 1:02:32
Iran could escalate missile attacks if Russia tests NATO.
“If I'm Iran, that's the day that I start firing missiles at everyone in the region again.”
Listen at 1:03:54
Escalation on one geopolitical front could trigger simultaneous escalation elsewhere.
“if one front is going to escalate, it makes perfect sense for all of them to escalate in tandem”
Listen at 1:05:12
Space activity offers substantial economic opportunities.
“there are huge economic opportunities in space.”
Listen at 1:07:27
Successful U.S. space launches would strengthen international support for dollar stablecoins.
“if america can pull this off you know it doesn't help it doesn't half help support the argument for stable coins internationally”
Listen at 1:09:00
The United States is more likely to emerge stronger than collapse.
“America has still a better chance of prevailing and coming out stronger than it does collapsing.”
Listen at 1:13:30
The dollar could experience large two-way volatility after an initial decline.
“you could get really big volatility where you can have a significant move in one direction and then everything comes screaming back the other way.”
Listen at 1:19:33
Statecraft and national economic protection will increase while globalization declines.
“there's going to be more of that and less globalization.”
Listen at 1:25:42
Treasury purchases can lower long-term interest rates.
“the more that they buy on the long end, the more that long-term interest rates go down”
Listen at 1:26:21
Stablecoins backed by Treasury bills could create massive demand for Treasury bills.
“this could create massive treasury bill demand”
Listen at 1:26:42
Commodities will dominate markets over the next 10 to 20 years.
“the next 10 to 20 years is going to be an error, I believe, of commodities dominance.”
Listen at 1:29:18
Dollar-backed stablecoins could extend U.S. monetary dominance for decades.
“If it's stablecoins backed by the US dollar, we have decades of dominance ahead of us.”
Listen at 1:30:17
Long-term Treasury prices will stabilize while interest rates decline.
“We think that we're going to see a balance in those prices and a drop in interest rates.”
Listen at 1:31:49
The commodities bull market should last at least ten years.
“We think we're in a commodities bull market that should last at least 10 years.”
Listen at 1:32:35
The market will lose approximately two-thirds during the next downturn.
“I think the market will lose two-thirds of its value in the next down market.”
Listen at 1:35:58
The S&P 500 will likely rise above 8,500 before a major downturn.
“I furthermore think we're going to get a blow-off in the market that's going to take us above 8,500 in the S&P probably.”
Listen at 1:36:05
Covered calls generate income and reduce the cost of mistimed investment decisions.
“we use covered calls which brings income into the account and allows you to be incorrect in timing”
Listen at 1:40:58
Selling options can benefit from the fact that most options expire worthless.
“the selling of options is what professionals do in general because most options expire worthless.”
Listen at 1:44:06
Index puts can gain substantially during a market crash.
“buying puts on an index is one thing where you can actually buy an insurance policy that goes way up in value if we get a crash.”
Listen at 1:46:45
Having two to three million dollars generally provides sufficient financial security.
“once you have two to three million, you pretty much have won the game.”
Listen at 1:51:20
People should own productive assets such as companies, property, or investments.
“make sure you own something Have some own something, own a piece of a company, own an apartment or two, own some investments.”
Listen at 1:54:09
Over 80% of prospective clients are financially better positioned than they believe.
“I'd say over 80%.”
Listen at 1:58:08
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
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