New substack! https://open.substack.com/pub/robertsmithson1/p/the-real-story-of-the-spanish-and?r=2a9ngu&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true (View Post)

I think reality doesn't matter to Trump: all he cares about is how is perceived, and that he is seen to have come out on top. Ukraine signed *his* minerals deal. And therefore, Trump (and to a l… (View Post)

I tend to agree with you: it's unlikely the US will never make a penny out of this, because the chances of there being commercially exploitable rare earths is so small. That said, the question i… (View Post)

Perhaps more important in the numbers was the increase in inflation in Q1, which is only going to get worse in Q2. (View Post)

I think it's designed to maximize the profits of whoever it is these days who owns British Airports Authority (is it Ferrovial, still?). (View Post)