Thar She Blows!

Hey Influence Traders,


Here’s the situation on the ground …


  • The world is suffering from current and looming supply chain driven shortages.

  • US politics have ground to a halt.


But where many see crisis, I see opportunity.


That is why trading guru Andrew Giovinazzi and I are going live Wednesday night to discuss a sector in which I see great opportunity in the coming months.


We’ll go “insider deep” on the how and why of this sector and identify some trades to “Capitolize” on that opportunity.


Lock in your spot today.


In the meantime, and to warm you up, here are my weekend ruminations.


Janet it the Helm


In “never let a good crisis go to waste” news, the debt ceiling fallout has produced an interesting proposal. 


Last month, House Budget Committee chairman John Yarmuth (D-KY) and Rep. Brendan Boyle (D-PA) introduced a bill that would transfer the responsibility for raising the debt limit from congress to Treasury Secretary Janet Yellen.


Ever the modest egalitarian, Yellen stated her backing for that plan.


Speaker Pelosi chimed in that the bill “has merit."


What can go wrong with giving 100% of the authoring over the US debt limit to one unelected person?


Not in My Back Yard


Sen. Bernie Sanders (I-VT) is not happy with the opposition to Joe Manchin of West Virginia over the spending bills, and he let it be known … in Manchin’s hometown newspaper.


Joe was not happy.


West Virginia is sometimes the brunt of jokes, but never let it be said they don’t have proud citizens.


In a public rebuke, Manchin took Sanders to task for interfering in West Virginia politics and told him to stay in Vermont where he belongs.


The move, meant to pressure Manchin to vote in favor of the $3.5 trillion spending bill, appears to have backfired.


Manchin doubled down on his opposition stating that much of the spending is reckless and he’s not voting for the bloated bill and that “no op-ed from a self-declared Independent socialist is going to change that.”


More drama for the already drama-ridden budget negotiations.


Who’s in Charge?


If you want to know who is in charge of something, look at the folks who don’t show up for the global strategy meeting — spoiler alert, it’s not the US.


Afghanistan has been in a tailspin ever since the US’s withdrawal.


The economy is collapsing and there is a world-class cache of natural resources at stake.


Italy, always a geopolitical leader (not), convened a virtual Group of 20 summit this week with the world’s biggest economies to discuss how to stabilize the country before it turns into an untenable humanitarian disaster.


The Biden admin dialed in.


Chinese President Xi Jinping and Russian President Vladimir Putin did not.


Why should they? They’ve already taken a leadership role with the Taliban running Afghanistan.


They are investing in the country to gain critical mineral access while the rest of the world talks.


Thar She Blows


I know, it’s the title of a 1930’s Australian film about the whaling industry, but it fits for today’s energy environment.


President Biden floated two proposals this past week.


  • One would ban all offshore oil drilling.

  • The second would fund the installation of wind farms all along the East and West coasts of the US.


That seems aggressive, but needless to say some wind farm producers took note.


And the US is not the only one focused on wind. China’s Xi said the country has begun building a huge wind and solar power project in desert areas.


The first phase will create 100 gigawatts of generating capacity, more than the entire wind and solar range of India. 


Good thing they’ve built up the “silk-road” Afghanistan supply chain.


They’re going to need it.


Crypto Run


The US is accepting that crypto is here to stay, although it wants to heavily regulate the asset class.


Now other world leaders are chiming in.


Russia’s Putin stated on CNBC that crypto “has the right to exist."


He also believes that it is a legitimate means of payment.


But he stopped short of saying he would ever approve of it for the international trading of commodities important to the Motherland.


That helped push Bitcoin (BTC) over $60k.


More to come when you join us this Wednesday!


Cutting Through the Noise for You,


Frank


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