Fed Subpoena Shocker! How Much Oil Reinvestment Does Venezuela Need to Succeed? (with Al Brushwood)

The week began with a borderline farcical incident in Greenland, where organizers of a traditional dog sled race condemned what they viewed as inappropriate political pressure after an invitation was extended to a U.S. political figure linked to Donald Trump’s ambitions toward the island. The Trump administration has clearly dialed back its more provocative rhetoric on Greenland, moving away from loose talk of force and toward a framing rooted in NATO security and Arctic competition with China and Russia. That shift is necessary, but it is not sufficient.

If the United States wants Greenland aligned with its sphere of influence, cultural buy in matters. Right now, we are losing that battle. From my admittedly tongue in cheek but sincere proposals involving sports exchanges, Arctic games with Alaska, and even Hollywood soft power, the point remains serious. You cannot strong arm affinity. You have to earn it. Greenland’s resistance to even symbolic American political presence should be a warning sign, not a punchline.

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Iran, Unrest, and Trump’s Misdirection Doctrine

Iran is far harder to read. The internet blackout, scattered video, and wildly varying casualty estimates make certainty impossible. I do not trust low numbers, nor do I trust high numbers. I do not trust most of the footage. Historically, when Iran shuts off the internet, it precedes violent crackdowns, so it would not surprise me if protesters are being killed. But the fog is thick, and anyone claiming clarity is overselling it.

What does feel clearer is the Trump administration’s evolving playbook on foreign intervention. We have now seen a pattern where public messaging intentionally misleads the press ahead of decisive action. It happened before strikes on Iranian nuclear facilities. It happened with Venezuela. Loud uncertainty followed by sudden execution. With Trump publicly encouraging Iranian protesters while factions inside his administration urge restraint, the real question is not whether something happens, but what form it takes. Cyber operations, targeted strikes, covert assistance, or none of the above. The only safe assumption is that the public story may be the opposite of the private plan.

Venezuela, Powell, and the Cost of Weaponized Institutions

Venezuela remains the clearest example of this strategy in action. The removal of Nicolás Maduro and his arrival in New York did not follow months of public drumbeats. It followed confusion. That pattern now shadows Iran as well. But the episode did not stay overseas. It came home with the Justice Department’s move against Federal Reserve Chair Jerome Powell.

The subpoena and threatened indictment over cost overruns at Fed headquarters are politically radioactive. Even Republicans who agree the renovation was excessive argue this never should have been criminal. Scott Bessent’s reported anger reflects a broader concern inside the administration. Undermining the Fed’s independence while simultaneously pressuring it to cut rates is self defeating. Inflation data this week was not disastrous. Absent this DOJ fight, the headline might have been cautious optimism about future cuts. Instead, the story became institutional overreach and internal dysfunction.

Chapters

00:00:00 - Intro

00:04:15 - Greenland

00:17:16 - Update

00:18:05 - Iran

00:24:51 - Jerome Powell

00:29:25 - Inflation

00:31:36 - Interview with Al Brushwood

01:06:21 - Wrap-up

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