Supply shock

And yet, America relies on imports for 91% of its supply, leaving a critical vulnerability in its defense supply chain.

With antimony prices having more than doubled since last year, could renewed Chinese restrictions trigger yet another supply shock? Joining me now is Ronnie Stevens, CEO of NSJ Antimony, a project that, along with others like it, could soon be critical to national security.

Welcome to the show, Rodney.

Good to see you.

They're concerned that their credibility is being damaged the longer inflation is above 2%.

But how do you fight a series of s- epic supply shocks that we've confronted over the course of the past six years? COVID, and then the fiscal response to COVID, just as the economy reopens, we had the COVID shock that proved to be inflationary.

Then we had the Russia-Ukraine war and the impact that had on global energy prices.

And then we layer that on with the next shock, which was Liberation Day in April 2025, and the tariffs, another cost push shock.

Putin continues to think he's got some sort of upper hand.

So I can understand all that.

But what do you do as a central banker fighting these repeated supply shocks? These are not demand shocks.

A demand shock, if we had a massive fiscal shock and it boosted GDP growth to 5% or 4%, then the Fed could respond, and they can guide us into a soft landing, and we get a growth dampener.

That's huge.

And I think what we're waiting for, Johnny, is an inflection point where we can finally see this supply shock narrative roll out in real time.

What is the perfect case scenario for XRP investors? Evernorth goes live.

It becomes massively successful.

That's continuing to take those big chunks off of the supply, eating away at it.

And then if you want to see charts like this continue to sky, at some point, Abs, you're going to see an exponential increase supply, you know, shot go up.

And that's going to be because of supply shock, because of all the supply that's being purchased and taken off the shelf right now.

Now, obviously you got supply coming off and you got people selling.

But retail investors only really consist for about 22% of the XRP and tokens in general that are moving off exchanges right now.

And with some of these large token holders moving XRP off exchanges, these are the supply shock narratives that lead me to be optimistic as we head towards the back end of 2026.

Now, I'm also going to give you guys a quick rundown on what happened with Tom Lee yesterday, as Tom Lee is predicting a significant market rally.

And the final topic I want to preface during today's opening introduction, I guess, is that China...