David Reavill

It's been 10 months since "Liberation Day." The Day that President Donald Trump issued tariffs on the world. Today, Friday, February 20, 2026, the United States Supreme Court issued its ruling striking down Trump's use of the "International Emergency Economic Powers Act (IEEPA) as an authority reserved for Congress.

We live in a world founded upon the twin pillars of international law and international cooperation. The United States, above all others, has benefited from the free flow of goods and services, which have brought us one of the highest standards of living in the world.

The ramifications of today's actions in invading Venezuela will, without doubt, be profound, for in it a US President has placed the United States above international law, global norms, and US customs. By these actions, President Trump has set our Country on a rogue path, one that puts military aggression above peaceful deliberation.

Tariffs are the most consequential economic policy of this Trump Presidency. Yet we have a President who is demonstrably wrong in his recitation of the Tariff's income and benefits. Will someone in this Administration set the record straight?

It was a simple executive-change notice, the kind that dots the financial press nearly every day. Todd Combs, one of Warren Buffett's senior managers, would be leaving Berkshire Hathaway to form a new unit at JPMorgan Chase. But this was far from an ordinary management change. For the first time in nearly a century, the fabled House of Morgan would invest its own capital in the stock market.

The Pentagon likely instructed the President to curtail all additional Russian-supplied arms to Venezuela, because there is one weapon that is of utmost concern for the US Military. That weapon is the growing number of hypersonic missiles Russia has developed. Among those, Hypersonic is the sea-based Zircon, as well as the seven-year-old, battle-tested Kinzhal.

For the man who stands with the President is none other than the Tyrant of Syria, the most prominent representative of those "terrorists" who brought down the Twin Towers in New York 24 years ago. The very personification against whom we fought in the Global War on Terror, Abu Mohammad al-Julani.

It's an almost irresistible temptation, especially for Americans who are suffering financially: President Donald Trump has offered to send out a "Dividend" Check to millions, promising it is part of the very successful Tariff Program. Today, we'll take a look at this offer and whether it is a "good deal" or not.

The 1970s were the last time we had the toxic combination of high Government Deficits and strong Government controls, like Nixon's wage and price controls and Trump's Tariffs. The result was that economists had to invent a new term for the outcome: Stagflation. It's hard to imagine things turning out differently this time.

There has never been anything like it: a coordinated, cooperative system of production that brings resources and factories together to create the products that fill our local markets and stores. We call it simply, the Supply Chain.

The impact of US Tariffs on our economy is likely to be the most consequential economic policy of the Trump Administration. Only now are we beginning to see what tariffs will mean in our daily lives.

(see: https://www.congress.gov/crs-product/IF11030, if you don't believe tariffs are taxes)

It was late in 2024 that most soy farmers settled on their plans for this year. And what a year 2024 had been. It was one of the most highly profitable years for soybeans ever. And for the many farmers who had switched to the "beans" a decade before, they must have felt prescient. The demand for Soy in the States had continued to gradually strengthen, as many Americans sought out the healthy, vegetarian alternative to red meat.

From Ukraine to Iran to Venezuela, our country is currently involved in a series of near geo-conflicts. It's a situation that we've never seen in the modern era. Yet most people seem totally oblivious to these possible dangers. It is especially true for Wall Street, where most of the investing class dismisses any risk with a shrug. The urgency of these conflicts and the need for immediate attention cannot be overstated.