Opinion · AI & Tech
The Token Tax: The Price War We Have Seen Before
China is doing to AI compute what it did to solar panels, consumer electronics, and electric vehicles — attacking on price until the American product looks overbuilt and overpriced. The infrastructure Wall Street is betting hundreds of billions on rests on an assumption China just demonstrated may be wrong.
Nathan Scott Gardner
June 10, 2026
12 min read
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Opinion · Credit & Macro
Creditors in the Dark: Yield Speculation, the Fight for Cash, and the Hidden Default Risk Nobody Is Pricing
For every dollar of real base money in the U.S. system, roughly 4.2 dollars of deposit claims exist on top of it — and a debt edifice beyond that. When the scramble starts, it does not unwind slowly.
May 15, 2026
15 min read
Opinion · AI & Markets
AI Is Bringing Out the Brooms
Every transformative technology eventually displaces the workforce it initially augmented. AI is accelerating that cycle in white-collar work at a pace most corporate earnings guidance has not yet priced in.
April 30, 2026
7 min read
Opinion · Macro & Policy
Trump's Debt, Oil & the Petrodollar Gamble
America's deficit requires the world to keep buying Treasuries. The petrodollar system is the mechanism that has historically ensured it. What happens when that arrangement is renegotiated from the top?
April 13, 2026
6 min read
Opinion · Geopolitics
Weaponizing Money: The Sanctions Currency War
The dollar has been used as a geopolitical weapon so consistently that its targets are building alternatives. The architecture of financial warfare is changing — and the dollar's structural advantage is not permanent.
April 9, 2026
5 min read
Opinion · Geopolitics & Space
Artemis II: A Chess Game in Deep Space
NASA's Artemis program is not primarily a science endeavor. It is a strategic move in a geopolitical contest for the Moon's resources and orbital positioning — played 239,000 miles up.
April 1, 2026
5 min read