Piggo’s Trading Desk

Macro Butler (Laurent Lequeu) on U.S. Polarization, Iran & Taiwan Risks, Food Shortages & the SpaceX IPO Debate

Laurent Lequeu examines rising U.S. political polarization, escalating geopolitical risks involving Iran and Taiwan, warnings of a global food crisis, and why speculative IPO enthusiasm may signal late-cycle market excess. In this episode, macro analyst Laurent Lequeu (“Macro Butler”) discusses mounting geopolitical and economic risks shaping the global economy. The conversation explores increasing political polarization in the United States, declining trust in institutions, and the possibility of structural political realignment as inflation and economic pressure intensify. Key themes include: • U.S. political fragmentation and institutional distrust • Geopolitical tensions involving Iran, BRICS, and Gulf states • Taiwan blockade risks and semiconductor supply-chain vulnerability • Food shortages, agriculture inflation, and global supply stress • Speculative market behavior and concerns around a potential SpaceX IPO • The growing role of commodities and real assets in an unstable macro environment The discussion frames today’s market environment as increasingly driven by geopolitical conflict, supply-chain fragility, and structural inflationary forces rather than traditional growth dynamics. Contact Laurent:https://themacrobutler.com/ [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbGJ0bjdRSkZFclItaUVQWENZWDl2SXk4dU9BUXxBQ3Jtc0tuUW9YdFdTVkVXQm5fZzU5MHdjUWd6bmt3Z3c2X19YN0VNeS1UQnVReklodXRSYTB5Z0hab2JpMTNTcWp3QXlqNzU0RFR0NlNqYXdnaWNwMUVCUFZ3LWs1WjU2ME9zSDNQOE1TU29GeUZtczdiVTZqZw&q=https%3A%2F%2Fthemacrobutler.com%2F&v=tIq8WDhyNJY]https://themacrobutler.com/financial-.. [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbkpCeS1UckNjTmFIejVZc3lORjg4WVlXdGxBQXxBQ3Jtc0tsTkI1QnJuYjBYV1RFMXhEbEljc0s3d2RQa2hDN3ZNRWdLekZxTXM2QkszaEptSzRNc0FLTVloeG0yMFlmSHZjWVBEd05SWUxDdkVHa0lxeklsUGFDS1dlQ3ppRWloSW9NOHhsNWhybUJYN0dsaU9VNA&q=https%3A%2F%2Fthemacrobutler.com%2Ffinancial-..&v=tIq8WDhyNJY]. https://x.com/LLequeu [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbUR1SkhBTm9vclRFbGVFMXZESnBKTUJtWDhCUXxBQ3Jtc0ttSk9TRnJZeFdud21TdktsdGQ1dkl2UEdpZGlZaUg0Y2t2bjJXQVBVdnhwQXI1UFBfYmM3Rzk4STJTd0djR2lQY1Foblk4NE53d2thcGN4Szlza2t5cDVCbEgyeEZnb1hxWWlOMm5jRXdlVmFlWWJlbw&q=https%3A%2F%2Fx.com%2FLLequeu&v=tIq8WDhyNJY]Contact usbuy our booksComing soon Catastrophe investing https://a.co/d/iTv3V1P [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbm15OHBWOGpvZVVoZkF4alVpVzlzbjdYMGVoZ3xBQ3Jtc0tuUFhwVmJWdHhTZkZ6QWFpZWhrVkd1R2JBdllZbFVZa0MzTGw4NjZfU1p4VS11Q2JxM0ZPQXZBNDRuXzB2VkMtVXpwLXRJOUEwamMzb1N4UDBkTWdyX3hxSjRpSWwtb3RlMGdfYUpnMW8tYTZiOHRHVQ&q=https%3A%2F%2Fa.co%2Fd%2FiTv3V1P&v=tIq8WDhyNJY]https://a.co/d/3yEE6mh [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa1Q1RHhaWTlveF9yMml4YWhrXzVtUlRuRzRiZ3xBQ3Jtc0tuem9JZHh1dTVITldkNHJEVzRjRHBGb1dBTGVLLWF1ajdxNHN0Q0gtN0RRRzhNMG1HaE1RN3ZfUTR0d1VfVEVvMTBWc25RSDVRTjJyekI3SkFtUXRpa0hicmk3QmVOWnd3MThEaEVXMHdjcmszMWY1VQ&q=https%3A%2F%2Fa.co%2Fd%2F3yEE6mh&v=tIq8WDhyNJY]https://a.co/d/9wJ7sXh [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa2N2eEFzeDV3UmV4RWFNeHZJU2ZLcTVqNnFpd3xBQ3Jtc0tsQ1dJbEZyNlRTZUh1R25OREdqaF93QWxnNzVUOEp4QXBxY0UtSWJuSkpMeHhqOVR4eDZJS0FSRGE5MDRBUlAzYk00UEdCVGVNR0Y0cG1xS29UeDItSGhmNC1tV0FmZGZhd3NoZllxcTJabEU5bTlxTQ&q=https%3A%2F%2Fa.co%2Fd%2F9wJ7sXh&v=tIq8WDhyNJY]Contact us:Piggostradingdesk.comTony: Whitelavender92Derek: Diablo_blanco-3Substack: Piggos trading deskRead our work:https://substack.com/@piggostradingdesk [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbG5Gd2NEc3YxOTlJdms2U29Na2RnS2NiTDdsUXxBQ3Jtc0tsS2NiZGRxeXpZY3l1aXpDLTZqZHVOQ09kMXFtZFJxRXZxUWlwWWtkaFBYZ2cyWDJXQlF0ZFF0ZHNSTW94NGJ4WkFtcWFDUWhZTXBWYzgwdjhWdmVkUE5Ub2ZNWmpaTU40NFJkcW9YY2h6UVFROG9FRQ&q=https%3A%2F%2Fsubstack.com%2F%40piggostradingdesk&v=tIq8WDhyNJY]Email: piggostradingdesk@gmail.com #Macro #Geopolitics #FoodCrisis #Inflation #Markets #Commodities #Investing #SpaceX Key words:macro butler interview laurent lequeu taiwan semiconductor risk food crisis warning spacex ipo caution iran geopolitical risk us political polarization global inflation outlook commodity investing 2026 brics vs united states

Paul Musson: 6% PPI Shock: Why Inflation Is Back Energy Crisis, Money Supply & Housing Reality

The Producer Price Index just jumped to 6% and Paul Musson says it’s no accident. This episode breaks down how energy driven supply shocks, money supply expansion, and policy engineered asset inflation have created a fake wealth effect that benefits the top 1% while leaving Main Street squeezed. We cover why today’s inflation is different from 2022, how central banks distort markets, why housing is frozen, and why real interest rates should be set by markets not policymakers. Topics include: • The new 6% PPI surge and the energy shock tied to conflict near the Strait of Hormuz • Why central banks shouldn’t hike rates to fight pure supply shocks • How 2022 inflation was driven by rapid money printing and stimulus • The widening gap between Wall Street and Main Street • Housing affordability collapse and a frozen market with more sellers than buyers • Record debt, declining consumer sentiment, and the illusion of rising wealth • Why Paul calls for market‑determined rates and no Wall Street bailouts 00:00 Fake Housing Wealth 01:19 PPI Shock And War 02:47 Supply Shock vs 2022 Inflation 04:20 Money Printing And Main Street 06:35 K‑Shaped Economy Disconnect 08:30 Fed Distorts Markets 10:53 Insider Trading And “Hillionaires” 12:12 Housing Affordability Crisis 14:16 Why Home Prices Soared 17:14 Rate Normalization & No Bailouts 19:33 Frozen Market And Price Reality 23:43 History, Urbanization & Wrap‑Up 25:08 Paul’s Blog, Book & Farewell Contact Paul:https://x.com/pauliticalbloghttps://pauliticaleconomy.com/about/https://pauliticaleconomy.com/capital-offence-book-paul-musson-economic-policy-inequality-money-management-financial-intelligenc/https://www.linkedin.com/company/pauliticaleconomy/?originalSubdomain=ca.https://www.simonandschuster.com/books/Capital-Offence/Paul-Musson/9781917458047https://www.linkedin.com/in/paulbmusson/Contact usbuy our booksComing soon Catastrophe investing https://a.co/d/iTv3V1Phttps://a.co/d/3yEE6mhhttps://a.co/d/9wJ7sXhContact us:Piggostradingdesk.comTony: Whitelavender92Derek: Diablo_blanco-3Substack: Piggos trading deskRead our work:https://substack.com/@piggostradingdeskEmail: piggostradingdesk@gmail.com

David Morgan on Inflation, Surveillance, Real Assets & the Rise of Technocracy

In this episode, precious metals analyst David Morgan joins the hosts to discuss inflation, debt expansion, and the growing role of technology and surveillance in modern economies. The conversation begins with media-driven fear narratives and expands into broader concerns surrounding technocracy, AI-powered surveillance systems, and increasing centralization. Key themes include: • Inflation, debt growth, and bond-market stress • Currency debasement and purchasing power erosion • AI surveillance, technocracy, and digital governance • Gold and silver as long-term wealth preservation assets • Risks within paper markets and redemption systems • Strategies for investing in silver miners and royalties The discussion also examines how crises can accelerate structural economic and technological shifts, while emphasizing the importance of preserving purchasing power through hard assets and disciplined risk management. Contact David: https://www.financialsense.com/blogs/1158/david-morgans-blog https://www.linkedin.com/in/thedavidmorgan/ https://www.themorganreport.com/ https://x.com/silverguru22?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor https://medium.com/@themorganreport/silver-sunrise-documentary-for-the-love-of-money-is-the-root-of-all-evil-d7eb9c49f4f5 Contact us buy our books Coming soon Catastrophe investing https://a.co/d/iTv3V1P https://a.co/d/3yEE6mh https://a.co/d/9wJ7sXh Contact us: Piggostradingdesk.com Tony: Whitelavender92 Derek: Diablo_blanco-3 Substack: Piggos trading desk Read our work: https://substack.com/@piggostradingdesk Email: piggostradingdesk@gmail.com #Gold #Silver #Inflation #Macro #Investing #DebtCrisis #RealAssets #Markets

Doomberg on Oil Market Manipulation, Strait of Hormuz Risk & California Fuel Shortages

In this episode, the hosts speak with energy analyst Doomberg ( Doomberg )about oil market volatility, geopolitical energy risks, and structural weaknesses in the global fuel system. The conversation explores how government messaging, geopolitical headlines, and market positioning may influence oil prices. Particularly during periods of heightened tension in the Middle East. Key themes include: • Oil market volatility and pricing dynamics • Strait of Hormuz disruption risks • California’s refining and fuel import vulnerabilities • North American energy self-sufficiency • Fertilizer, helium, uranium, and coal market implications • Geopolitical risks involving Russia, Ukraine, and China The discussion also highlights the strategic importance of energy infrastructure, domestic production, and critical commodities as geopolitical tensions continue to reshape global trade and investment flows. Contact Doomberg: https://doomberg.myshopify.com/ Contact us buy our books Coming soon Catastrophe investing https://a.co/d/iTv3V1P https://a.co/d/3yEE6mh https://a.co/d/9wJ7sXh Contact us: Piggostradingdesk.com Tony: Whitelavender92 Derek: Diablo_blanco-3 Substack: Piggos trading desk Read our work: https://substack.com/@piggostradingdesk Email: piggostradingdesk@gmail.com DoombergA lateral-thinking approach to energy, finance, and geopolitics | Subscribe below for free previews of new articles | Click through to our About page for pricing and FAQ. [https://newsletter.doomberg.com?utm_source=substack&utm_campaign=publication_embed&utm_medium=web]Classics Read AloudA curated stream of outstanding short stories, fairy tales, and excerpts from novels....because you're never too young or too old to enjoy being read to. [https://classicsreadaloud.substack.com?utm_source=substack&utm_campaign=publication_embed&utm_medium=web]

Laurent Lequeu on China’s AI & Electrification Boom vs. America’s Debt and Infrastructure Crisis

In this episode, macro analyst Laurent Lequeu ( The Macro Butler ) contrasts China’s accelerating technological transformation with mounting structural vulnerabilities in the United States economy. The discussion examines China’s rapid adoption of electric vehicles, AI-powered systems, digital payments, and expanding regional integration throughout Southeast Asia; alongside increasing technological separation from Western platforms. Key themes include: • China’s AI and electrification expansion • The geopolitical impact of Middle East conflict on global energy flows • U.S. debt risks and inflation-driven “soft default” dynamics • Infrastructure decay and rising costs across America • Risks of political instability and long-term regime change • The growing divide between state-led investment and debt-driven consumption The conversation frames the global economy through the lens of competing systems: China’s infrastructure heavy modernization strategy versus America’s increasingly debt dependent financial model. China’s rapid technological and infrastructure expansion is reshaping the balance of the global economy. In this discussion, Laurent Lequeu examines how China’s aggressive investment in electrification, AI, and regional integration contrasts sharply with mounting debt burdens and infrastructure challenges in the United States. The conversation explores how these diverging economic models could influence geopolitics, inflation, energy markets, and long-term global competitiveness. Contact Laurent: https://themacrobutler.com/ https://themacrobutler.com/financial-... https://x.com/LLequeu Contact us buy our books Coming soon Catastrophe investing https://a.co/d/iTv3V1P https://a.co/d/3yEE6mh https://a.co/d/9wJ7sXh Contact us: Piggostradingdesk.com Tony: Whitelavender92 Derek: Diablo_blanco-3 Substack: Piggos trading desk Read our work: https://substack.com/@piggostradingdesk Email: piggostradingdesk@gmail.com