Notes in the Margin

Wired: "2026 will be the year when US dollar dilution—the quiet erosion of its global dominance as countries trade and pay in alternatives—starts to build momentum."

Trump and Netanyahu held a joint press conference where the US president again expressed support for the idea of another attack on Iran, though he suggested it wasn’t “confirmed” that Tehran was “building up” again.

In a provision that has drawn widespread opposition from conservation groups, the bill also declares that "reissuance of the final rule under Section 2 shall not be subject to judicial review.”

Trump said he would like to fire Powell during a Monday press conference, calling the Fed chief a “fool” and railing against renovations to the central bank’s headquarters. 

India saw a wave of anti-Christian attacks, including arson on homes and churches, over the Christmas period by Hindu extremists.

"Gold and silver prices both set new all-time highs on Tuesday as persistent geopolitical uncertainty continues to keep safe-haven demand elevated."

President Trump said on Monday that the US will “keep” the Venezuelan oil and two tankers that it seized off the coast of Venezuela, and is escalating a blockade on the country.

Caitlin Johnstone: "Not just hate speech against Jews. Criticism of a foreign state. They’re coming right out and saying it."

The poll shows Powell’s approval rating at 44 percent, compared with Trump’s second-term low of 36 percent.

The struggle with the U.S. seems to have sparked renewed appreciation for the island in metropolitan Denmark.