The David Lin Report · Wednesday, August 12, 2026
Ted Oakley believes the US has lost influence in the Middle East, observing that Middle Eastern countries are forming alliances. He suggests this could potentially lead to a weaker US dollar.
“Look at US fiscal policy and you look at the treasury and you look at the Fed and they say, look, hey, you know what? We don't trust you.”
“Those Middle Eastern countries are are sort of forming together and the US has lost their influence there.”
“And so I think people look at that, and I believe it looks like a lot of those Middle Eastern countries are sort of forming together. And we're losing influence there. Now, whether that plays out in different ways, I don't know, probably with a lower dollar, maybe.”