RattlerGator Report: 5/4/26 - China's Yuan Bluff, Trump's Great Game, and Badlands' Groupthink Problem
JB White had a rough show day technically, but not intellectually. He opens with a milestone salute to Clarence Thomas before getting to the real business: James Thorne's sharp analysis of why China's tough talk on sanctions is all swagger and no structure. Beijing refuses to float the yuan or open its capital account, which means it is building a walled-off subsystem, not a dollar replacement. JB adds his own commentary framing Trump as the architect of a new monetary order where America is no longer a junior partner to British and European systems. He then takes direct aim at Emmanuel…
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