Playback speed×Share postShare post at current timeShare from 0:000:00/7The seas maybe free in law, but power chokepoints have always tried to charge a toll 6-28-2026All things financial...Jun 28, 20267ShareDiscussion about this videoCommentsRestacksAll things financialSubscribeAuthorsAll things financial...Recent PostsBig Money: Retail debates charts; pensions and sovereign funds redraw the charts 8-13-20268 hrs ago • All things financial...Petrodollar is not ownership of oil but the influence over what currency which oil is usable power 8-11-26Aug 11 • All things financial...Chokepoints as institutional power is contingent; geographic constraints are physical 8-9-2026Aug 9 • All things financial...Diplomacy needs a military counterweight, or the ceasefire becomes rearmament 8-7-2026Aug 7 • All things financial...When monetary QE is constrained, fiscal QE steps in to pressure long rates lower. 8-5-2026Aug 5 • All things financial...The Yen intervention: A country can hold the line on FX or their yields, but not both forever 8-4-2026Aug 4 • All things financial...The Fed sells the EURO to buy the Yen. Fed's message is disorder in the Yen is global disorder 8-3-2026Aug 3 • All things financial...Yen Carry Trade: Oil shocks hit Asia in dollars first, and then the currencies next 8-2-2026 Aug 2 • All things financial...