Qatar's LNG halt after Iranian drone strikes just took 21% of global helium offline. China imports 95% of its helium, with 90% from Qatar. The US controls 51% of remaining reserves. A non-substitutable input to chip fabrication just became a geopolitical weapon.

In this episode:

• Qatar's LNG shutdown threatens global helium supply, and China's semiconductor fabs are directly in the crosshairs. Whether by design or lucky side effect, the AI chip war just went kinetic.

• Cancer treatment PPI expenditures take their largest single-month jump since the 2022 mRNA vaccination inflection point. BLS data shows spending 27.7% above baseline, translating to $51.4 billion in added annual healthcare revenue.

• Tennessee's Bitcoin Reserve bill advances as HB 1695 gets "do pass" from committee. State treasurer could allocate up to 10% of eligible funds to Bitcoin.

• Cake Wallet adds native Lightning support powered by Spark and Breez, expanding Bitcoin payment UX without compromising privacy.

• South Korea's KOSPI crashes 7.2% as the parabolic bubble meets forced liquidation. Korean retail running 10x leverage on semiconductor names with 70% of oil flowing through the Strait of Hormuz.

• Record put protection on the S&P 500 as investors hold the largest hedging position ever. Buyback blackout starts March 16 through end of April.

• Military Religious Freedom Foundation reports complaints from 40 units across 30 installations claiming military leaders are briefing troops that Trump is commanded by God to strike Iran.

• Rabobank's Michael Every publishes "The New Age of Empires," arguing the Iran strikes are a cornerstone of Trump's grand macro strategy to retain 21st century hegemony against China by controlling the raw materials Beijing depends on.

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