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The Grant Williams Podcast

The Grant Williams Podcast Ep. 115 - Michael Every FULL EPISODE

The Grant Williams Podcast

Grant Williams

Investing, Business:investing, Business

4.81.6K Ratings

🗓️ 9 February 2026

⏱️ 81 minutes

🧾️ Download transcript

Summary

In this episode of The Grant Williams Podcast, I’m joined by Rabobank’s Michael Every for a provocative exploration of why the post-Cold War liberal world order is breaking down — and what may replace it. Michael argues that decades of hyper-market economics hollowed out America’s industrial and military base, and that Trump’s project represents a radical attempt to reverse that trajectory by fusing national security and economic policy. Drawing on deep historical parallels with the collapse of the Soviet Union, he sets out his ‘reverse Gorbachev’ thesis: an effort to impose a form of capitalism with a national-security face, subordinating markets to strategic necessity, elevating the Treasury over the Federal Reserve, and accepting higher inflation, heavier state intervention, and intensified political conflict at home and abroad in order to rebuild power and resilience. Every episode of the Grant Williams podcast, including This Week In Doom, The End Game, The Super Terrific Happy Hour, The Narrative Game, Kaos Theory, Shifts Happen and The Hundred Year Pivot, is available to Copper and Silver Tier subscribers at my website www.Grant-Williams.com.  Copper Tier subscribers get access to all podcasts, while members of the Silver Tier get both the podcasts and my monthly newsletter, Things That Make You Go Hmmm…

Transcript

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0:00.0

Before we get going, here's the bit where I remind you that nothing we discussed should be considered as investment advice.

0:16.5

This conversation is for informational and hopefully entertainment purposes only.

0:20.6

So, while we hope you find it both informative and entertaining,

0:24.2

please do your own research or speak to a financial advisor

0:27.2

before putting a dime of your money into these crazy markets.

0:30.8

And now on with the show.

0:37.3

You are about to listen to a very special full episode of the Grant Williams podcast featuring my guest and friend Michael Evry of Rabberbank.

0:46.6

The subject to hand is a broad one. The parallels between the United States and the Soviet Union.

0:51.8

But there is so much thoughtful discussion here. I implore you

0:55.4

to give what Michael says a listen, because I think you will find it very, very helpful going

1:01.2

forward. This conversation is just one example of the kind of thoughtful, wide-ranging discussions

1:06.5

I regularly have with smart, experienced people across finance, politics and business.

1:12.2

The conversations are drawn on history, markets and real-world experience,

1:16.2

and they're aimed at making better sense of what's really going on beneath the headlines,

1:19.3

particularly when the issues themselves are complex and the noise around them just makes them seem even more daunting.

1:26.5

If you're interested in exploring more of that work and in joining a growing community

1:29.7

of subscribers trying to navigate an increasingly turbulent world, you can find out more by visiting

1:34.5

www.grant-wish-williams.com.

1:38.8

There you'll find my various podcast series along with things that make you go, hmm, my monthly

1:43.0

letter that looks at the ideas and

1:44.8

the forces shaping the world around us with a focus on clarity, perspective and understanding,

1:49.8

rather than prediction or conventional financial analysis. If you're looking for something

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