# Dr. Mark Thornton: ‘Firestorm’ to hit Global Economy & The Commodity Supercycle

Page: https://stenobird.com/podcast/palisades-gold-radio-237842/dr-mark-thornton-firestorm-to-hit-global-economy-the-commodity-supercycle
Text version: https://stenobird.com/podcast/palisades-gold-radio-237842/dr-mark-thornton-firestorm-to-hit-global-economy-the-commodity-supercycle.md
Podcast: [Palisades Gold Radio](https://stenobird.com/podcast/palisades-gold-radio-237842)
Published: 2026-04-30T10:01:00+00:00
Episode link: https://palisadesradio.ca/dr-mark-thornton-firestorm-to-hit-global-economy-the-commodity-supercycle/
Audio file: https://media.blubrry.com/palisade_radio/content.blubrry.com/palisade_radio/Palisades_Gold_Radio-Dr_Mark_Thornton-Apr_30_2026.mp3
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Duration seconds: 3917

## Resource

Your host, Stijn Schmitz welcomes back Dr. Mark Thornton to the show. Dr. Mark Thornton is Economist and Senior Fellow at the Mises Institute. This discussion centers on global economic disruptions, particularly in commodity markets and energy sectors, stemming from geopolitical tensions in the Middle East. Dr. Thornton highlights the significant impact of potential oil and gas supply disruptions, estimating that 15-20% of global supply might be affected. Timestamps: 00:00:00 – Introduction 00:01:05 – Global Economy Uncertainty 00:04:10 – Middle East Disruption Impact 00:04:57 – Stock Market vs Oil Discrepancy 00:06:52 – Supply Chain Byproducts Effects 00:11:13 – Oil Cutoff Long-term Consequences 00:14:33 – Global Pain Points Analysis 00:22:38 – Reshoring vs Free Trade 00:31:26 – Natural Gas Opportunities North America 00:39:08 – Unleashing US Resource Potential 00:43:43 – Petrodollar System Cracks 00:50:25 – Gold Settlement Currency Role 00:56:03 – Gold & Fiat Currencies 01:02:42 – Concluding Thoughts Guest Links: Website: https://mises.org X: https://x.com/DrMarkThornton E-Mail: mailto:mthornton@mises.org YouTube: https://www.youtube.com/results?search_query=mark+thornton+minor+issues Book-Hayek: https://mises.org/library/book/hayek-21st-century-essays-political-economy Dr. Mark Thornton is a Senior Fellow at the Mises Institute and formerly held the Peterson-Luddy Chair in Austrian Economics. He hosts the podcasts Minor Issues and Unanimity and is Book Review Editor of the Quarterly Journal of Austrian Economics. His books include The Economics of Prohibition, Tariffs, Blockades, and Inflation, The Bastiat Collection, and The Skyscraper Curse. He has served on multiple editorial…

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