This is Macro Voices, the free weekly financial podcast targeting professional finance,

high net worth individuals, family offices, and other sophisticated investors.

Macrovoices is all about the brightest minds in the world of finance

and macroeconomics telling it like it is, bullish or bearish, no holds barred. Now, here are

your hosts, Eric Townsend and Patrick Suresna. Macrovoices episode 520 was produced on February 19th, 2026.

I'm Eric Townsend.

Rabobank's Global Strategy for Economics and Markets Chief, Michael Everie, returns as this week's feature interview guest, and I'm here to tell you this is an episode you don't want to miss.

This began as a broad macro and geopolitics interview covering the Warsh nomination,

risk of a kinetic escalation in Iran, and so forth. Then when Michael ventured into U.S.

stable coins, saying that he thought a lot of people don't yet understand their full potential,

I thought to myself, okay, the audience will enjoy this, but hey, you know, I'm in the know

here. I'm in the know here.

I'm the guy who pretty much has this all figured out.

I couldn't possibly have been more wrong.

When Michael integrated his concept of economic statecraft, which we covered in my prior

interviews with him, and then described several possible future use cases for U.S. dollar

stable coins for use as tools of economic statecraft by the Trump administration, I came to a

whole new understanding of just how big of a trend this really could become for the remainder

of the Trump 2.0 presidency.

So if you thought President Trump had already been awfully aggressive with tariffs,

just wait until you hear what Michael thinks he and Scott Besson might do next with U.S. dollar stable coins.

Then be sure to stay tuned for our postgame segment after the feature interview when Patrick's

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