[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Michael Every [@TheMichaelEvery](/creator/twitter/TheMichaelEvery) on x 15.8K followers Created: 2025-07-19 03:34:12 UTC 2025, day XXX Good morning from Asia. In politics, Director of National Intelligence Gabbard released a report alleging Obama admin officials manipulated intel related to Russian interference in the 2016 election, a “treasonous conspiracy” now to be turned over to the DOJ; ‘Icelanders support reboot of EU accession talks, foreign minister says’ (Politico) as “Threats by U.S. President Donald Trump to annex Greenland and a looming EU-U.S. trade war hang over Iceland’s EU membership debate.”; In economics, ‘The U.K. Closed a Tax Loophole for the Global Rich. Now They’re Fleeing.’ (WSJ) as “Instead of paying up, wealthy expats are getting out—sparking questions about whether the move will raise any money at all.” Whocouldanooed?; as ‘France’s budget bombshell is a wake-up call for Europe as it veers toward bankruptcy’ (Politico) where “As challenges mount and workforces dwindle, much of Europe risks going broke — just not as quickly as France.”; and In Australia, “Resources companies fear Treasurer Jim Chalmers’ economic roundtable could propose higher taxes on mining and energy to pay for cutting other taxes, after the nation’s biggest export industry was omitted from the 24-member invite list.” (AFR); In geopolitics, Axios claims the director of Mossad visited the U.S. seeking help in convincing countries to take hundreds of thousands of Palestinians from Gaza, with Ethiopia, Indonesia, & Libya named; as PM Netanyahu apologised to the Pope for accidentally striking a Catholic church in Gaza; and Israel and Syria agreed to a ceasefire; and ‘U.S. Reshuffles Arms Deliveries to Free Up More Patriots for Ukraine’ —showing the U.S. doesn’t have enough weapons— where “Germany to receive next American air-defence systems after Trump says allies will pay for additional Ukraine weapons”; In geoeconomics, China cracked down on vital rare earths even further - the state maintains total control; as ‘Pentagon’s China-style rare earths deal triggers industry backlash’ (FT) where “Executives and officials criticise U.S. government deal to buy into country’s only producing rare earths company.” Because “because markets” was working so well, right?; President Trump is pushing for a 15-20% tariff on the EU in line with that on Vietnam and Indonesia. The EU doesn’t know what to do with only days left to decide on a united response; and Days after it was reported in Chinese, ‘Xi Jinping warns Chinese officials against over-investment in AI and EVs’ (FT), seen as a “blunt attack on cadres who encourage reckless development then ‘pat their buttocks’ and walk away.” So where will China’s structural tsunami of capital flow next? Because that’s what it will do by design; In markets, as Fed Chair Powell defends himself vs potential criminal charges(!) and Bloomberg says ‘Trump Threats, Fed Feuds Fail to Break Markets as Logic Prevails’….; An FT op-ed warns right-wing populist ideas to subsume the Fed under the Treasury to ring-fence U.S. assets are gaining ground in D.C., and left-wing populism in New York, all bad for stock investors. I flagged this logical risk in 2019, and populism aside, economic statecraft insists on Treasury having primacy over the Fed, which is just a tool to steer GDP towards what it’s *for*. Yes, that can be bad for assets not priced for that reality. Have a good weekend.  XXXXX engagements  **Related Topics** [foreign minister](/topic/foreign-minister) [doj](/topic/doj) [gabbard](/topic/gabbard) [Post Link](https://x.com/TheMichaelEvery/status/1946413234476749166)
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Michael Every @TheMichaelEvery on x 15.8K followers
Created: 2025-07-19 03:34:12 UTC
2025, day XXX
Good morning from Asia.
In politics, Director of National Intelligence Gabbard released a report alleging Obama admin officials manipulated intel related to Russian interference in the 2016 election, a “treasonous conspiracy” now to be turned over to the DOJ;
‘Icelanders support reboot of EU accession talks, foreign minister says’ (Politico) as “Threats by U.S. President Donald Trump to annex Greenland and a looming EU-U.S. trade war hang over Iceland’s EU membership debate.”;
In economics, ‘The U.K. Closed a Tax Loophole for the Global Rich. Now They’re Fleeing.’ (WSJ) as “Instead of paying up, wealthy expats are getting out—sparking questions about whether the move will raise any money at all.” Whocouldanooed?; as
‘France’s budget bombshell is a wake-up call for Europe as it veers toward bankruptcy’ (Politico) where “As challenges mount and workforces dwindle, much of Europe risks going broke — just not as quickly as France.”; and
In Australia, “Resources companies fear Treasurer Jim Chalmers’ economic roundtable could propose higher taxes on mining and energy to pay for cutting other taxes, after the nation’s biggest export industry was omitted from the 24-member invite list.” (AFR);
In geopolitics, Axios claims the director of Mossad visited the U.S. seeking help in convincing countries to take hundreds of thousands of Palestinians from Gaza, with Ethiopia, Indonesia, & Libya named; as PM Netanyahu apologised to the Pope for accidentally striking a Catholic church in Gaza; and Israel and Syria agreed to a ceasefire; and
‘U.S. Reshuffles Arms Deliveries to Free Up More Patriots for Ukraine’ —showing the U.S. doesn’t have enough weapons— where “Germany to receive next American air-defence systems after Trump says allies will pay for additional Ukraine weapons”;
In geoeconomics, China cracked down on vital rare earths even further - the state maintains total control; as
‘Pentagon’s China-style rare earths deal triggers industry backlash’ (FT) where “Executives and officials criticise U.S. government deal to buy into country’s only producing rare earths company.” Because “because markets” was working so well, right?;
President Trump is pushing for a 15-20% tariff on the EU in line with that on Vietnam and Indonesia. The EU doesn’t know what to do with only days left to decide on a united response; and
Days after it was reported in Chinese, ‘Xi Jinping warns Chinese officials against over-investment in AI and EVs’ (FT), seen as a “blunt attack on cadres who encourage reckless development then ‘pat their buttocks’ and walk away.” So where will China’s structural tsunami of capital flow next? Because that’s what it will do by design;
In markets, as Fed Chair Powell defends himself vs potential criminal charges(!) and Bloomberg says ‘Trump Threats, Fed Feuds Fail to Break Markets as Logic Prevails’….;
An FT op-ed warns right-wing populist ideas to subsume the Fed under the Treasury to ring-fence U.S. assets are gaining ground in D.C., and left-wing populism in New York, all bad for stock investors. I flagged this logical risk in 2019, and populism aside, economic statecraft insists on Treasury having primacy over the Fed, which is just a tool to steer GDP towards what it’s for. Yes, that can be bad for assets not priced for that reality.
Have a good weekend.
XXXXX engagements
Related Topics foreign minister doj gabbard