Global financial analyst and President of Miles Franklin, Andy Schectman, rejoins the Friday Night Economic Review to break down the growing instability in the global economy.  We dig into the mounting risks in the private lending market and why this largely unregulated sector could be the next major fault line in the financial system. Schectman explains how these risks are building quietly beneath the surface—and why most people aren’t seeing it.We also examine the real-world economic impact of the escalating conflict with Iran, including early-stage fuel rationing and severe energy strain already hitting Europe hardest. With major disruptions to the Strait of Hormuz—one of the most critical oil chokepoints in the world—global supply is tightening fast, sending prices higher and increasing the likelihood of shortages around the world.  This also raises serious questions about NATO cohesion as member nations face uneven economic pain, and whether energy security will begin to override political unity. We also discuss what this means for the future of global oil trade—are we entering a new era of restricted flows, regional alliances, and long-term supply instability?  Lastly, we discuss the unprecedented deliveries coming out of the COMEX.  Are we witnessing the early stages of a run on physical metals? And if so, how long can this system realistically hold together?Be smart, protect your assets with a company you can trust at premiums that respects your value – go to https://SarahWestall.com/MilesFranklin to get access to the private price list.See exclusives and more at https://SarahWestall.Substack.com