The conversation explores parallels between the United States under Trump and the Soviet Union under Gorbachev, focusing on economic shifts and geopolitical strategies. Michael Every, a financial expert, argues Trump is attempting a "reverse perestroika," shifting the U.S. from consumption and financialization back to industrial and military strength. Key points include the necessity of linking national security with economic security, potential use of dollar stablecoins to fragment the dollar's global role, and the need for a "Warsaw Pact" of ideologically aligned economies. The discussion touches on historical parallels like the Suez Crisis and potential for economic statecraft, while also addressing challenges such as inflation, asset price impacts, and domestic resistance. The success hinges on persuasion and ideological conversion rather than coercion.
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