I want you to just for a second close your eyes and picture something.
Imagine you're standing at the Port of Santos in Brazil.
Okay. I'm with you.
It is the busiest container port in all of Latin America.
So it's loud, you can smell the diesel fumes, the salt water, it's humid.
It's a sensory overload.
Totally.
And for decades, if you stood on those docks and you watched the cranes doing their work,
they told a very specific story.
A very familiar one.
You'd see these massive ships leaving the harbor sitting really low in the water.
Exactly. Heavy with commodities.
Soybeans, iron ore, coffee.
All of these raw materials heading east.
Basically to feed the industrial engines of Asia.
That was the classic narrative of the global economy, right?
The global south, they dig it up, they grow it, the east manufactures it, and the west buys it.
Perfectly put.
But if you stand on those very same docks today, here in 2026,
and you look at what's coming off the ships.