Episode notes
The Trump administration is invoking the Defense Production Act to fast-track energy and grid infrastructure, the UAE just left OPEC after six decades, and the Treasury is opening dollar swap lines to fund a massive industrial push. Meanwhile US farmers are getting squeezed by fertilizer shortages, and Bitcoin is looking harder and harder to bet against as the monetary base expands and Washington starts waking up to what it can do.
In this episode:
Defense Production Act invoked for grid, LNG, and critical infrastructure
Why the US trade rep says cost efficiency is dead and national security is in
UAE leaves OPEC after six decades and what that means for global supply
Dollar swap lines as the new playbook for funding US industrial policy
Fertilizer and helium shortages threatening American farmland
Bitcoin's case amid a structurally expanding monetary base
Energy and compute convergence playing out in the portfolio
TIMESTAMPS:
00:00:00 - Back from Bitcoin 2026 and the Vegas recovery
00:01:38 - Defense Production Act enacted for energy and grid infrastructure
00:03:30 - Jamison Greer on paying the national security premium
00:05:30 - EU strategic partnership and border-adjusted price floors
00:06:12 - US grid decay and China's power generation boom
00:08:26 - How to pay for it all as debt to GDP crosses 100%
00:12:26 - UAE and dollar swap lines for funding industrial policy
00:15:16 - UAE leaves OPEC after six decades
00:20:30 - US energy export dominance and drill baby drill
00:21:28 - Fertilizer and helium shortages hitting American farmers
00:24:20 - Backwardation says oil disruption may be temporary
00:25:00 - Bitcoin's setup against a growing monetary base
00:26:17 - Portfolio update: energy meets compute
00:29:05 - Bitcoin as collateral for infrastructure credit
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