History may not repeat, but it often rhymes.
Economic blockades meant to punish enemies have a nasty history of backfiring—and that’s where this month’s letter begins.
From there, we break down the two major potential scenarios we see unfolding: one where the US blunders into isolation and decline… and another where it’s playing high-stakes 4D chess to reset the global financial order on its own terms.
Either way, China will retaliate—and when the world’s two largest economic superpowers are in open conflict, you’d better have a Plan B.
We wrap with a clear breakdown of our financial hedging thesis, specific investment strategies to consider right now, and the non-financial steps that give you optionality in an increasingly uncertain future.
Napoleon Bonaparte’s 4D Chess Match Charles James Fox Longtime politician Charles James Fox had only just become British Foreign Secretary when he found out that an Englishman was plotting to kill Emperor Napoleon of France. The news put Fox in an interesting bind. Napoleon was Britain’s arch-enemy, and his death most likely would have been…
