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Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is sponsored by nexo.io, Circle, and FtX, and produced and distributed by CoinDesk.

What's going on, guys? It is Friday, October 28th. I am so excited for this one.

Tony Greer has been a macro trader for 30 years and for the last 15 has been bringing his

insights to market with his morning navigator newsletter. Before we get into that, however,

if you are enjoying the breakdown,

please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show

notes or go to bit.ly slash breakdown pod. Also a disclosure, as always, in addition to them

being a sponsor of the show, I also work with FTX. All right, folks, Tony Greer has spent a ton of time on commodities and energy

and thinks a huge amount about the geostrategic and geopolitical dimensions of the markets.

Obviously, if you're listening to this show, you know that's right up my alley.

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