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The *Federal Reserve* creates money to fill the gap, causing *money supply* to grow 6.8% annually while the real economy grows just 2.3%. This 4.5% difference compounds over time, creating substantially more money chasing fewer *goods and services*, resulting in *inflation*.
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US *net domestic savings* totals less than *$1 trillion* annually, far short of the *$2 trillion deficit*. This means there aren't enough *savings* in America to finance government spending.
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*Foreigners* are net sellers of *US Treasury securities* after witnessing political chaos and assassination attempts. The *$38 trillion national debt* no longer looks like a *risk-free asset* to international investors.
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The root cause is the US *federal budget deficit* which posted another *$1.8 trillion* shortfall. *Interest payments* on the *national debt* now exceed all military spending combined.
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Markets near all-time highs yet extremely *volatile*, with major corporations announcing *mass layoffs* weekly. America attracts trillions in *capital* while *inflation* rises and economic signals conflict.
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Smaller *gold companies* are currently absurd bargains that sophisticated investors shouldn't overlook. Four precious metals companies are already up 3-4x, with another seven up 35-150%, proving the strength of this *investment thesis*.
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*Mining companies*, *precious metals producers*, and real asset businesses are perfectly positioned for this trend. Major players like *Barrick*, *Newmont*, and *Franco-Nevada* offer solid opportunities in this transforming market.
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Most countries have too many *dollars* and not enough *gold*—that's the core problem driving this historic shift. Unless Washington treats the *national debt* like the emergency it is, expect *$5,000-$10,000 gold* as a completely valid scenario.
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From Poland to Ghana to Kazakhstan, *central banks* are buying *gold* in record quantities, not just China. Russia sells *gold* to fund its war, Singapore trades strategically for profit, and Uzbekistan rebalances its 80% *gold reserves*.
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The *US dollar's* days as the dominant *global reserve currency* are numbered, and central banks know they need to diversify. *Gold* is their top choice because it's universally accepted, carries *zero counterparty risk*, and has deep market liquidity.
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The *national debt* spiraled to *$38 trillion*, growing by *half a trillion dollars* in just six weeks during the shutdown. Foreign central banks are thinking it's time to cut their *Treasury holdings* and back away from the *US dollar*.
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Recent years brought endless chaos: presidential candidates facing assassination attempts, millions streaming across borders, and the world's richest man chased away from cutting the *deficit*. Political dysfunction has reached embarrassing levels with a government that can't stay open.
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Foreign governments hold over *$10 trillion* in *US government bonds*, but their confidence is rapidly declining. The *Treasury Department* desperately needs these lenders as the *national debt* continues its dangerous climb.
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Despite stellar performance, *Barrick* trades at less than nine times *forward earnings*. Smaller *gold miners* trade at even cheaper *valuations*, with some at just 3.5 times earnings while paying substantial *dividends*.
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The *$38+ trillion US national debt* (up $500 billion in six weeks) and political dysfunction drive continued *gold* purchases. *Barrick stock* has doubled this year, outpacing Oracle, Nvidia, and Palantir.
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*Foreign governments* and *central banks* have been buying *gold* by the metric ton to diversify away from the *US dollar*. This trend shows no signs of stopping despite record high prices.
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The company raised its *dividend* by 25% and expanded *share buyback* authorization by $500 million. Record profits were based on average *gold price* of $3,200, while Q4 has averaged $4,041.
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*Barrick Mining Corporation* reported Q3 profit of *$1.3 billion*, nearly triple last year's earnings. For the first nine months of 2025, *Earnings per Share* is up 132% and *Free Cash Flow* up 176%.
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Since October 1st, the *US national debt* has increased by *HALF A TRILLION DOLLARS* in under six weeks. Foreign investors are *diversifying* from *US Treasuries* and *dollars* into *gold*, signaling a major shift in global confidence.
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State governments have launched an *avalanche of lawsuits* with activist judges making rulings based on personal views, not law. A *federal judge* ordered billions paid to *SNAP beneficiaries* despite the program being unfunded by *Congress*.
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Radicals claim they're fighting for *healthcare affordability*, yet *Obamacare* made insurance less affordable over the past decade. *Gross profit margins* at *insurance companies* have actually declined since the law passed.
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The US faces a similar crisis with *radical politicians* blocking compromise during the *government shutdown*. Despite claiming to represent Americans, one million voters in two states don't speak for 350 million people.
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England's *civil war* in 1648 was fueled by extreme ideological tensions over religion and government power. *Radical* Oliver Cromwell blocked a *peace treaty* to continue fighting, leading to a decade of *dictatorship*.
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Voters naively expect *Norwegian output* from *Venezuelan inputs* - incompetence, inexperience, and *high regulation*. The biggest problem: Americans keep electing terrible leaders like AOC and Bernie Sanders year after year.
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*Scandinavian welfare* succeeded due to high-trust societies with low corruption and competent administration. NYC has none of that - it's a *low-trust society* without shared values or *social cohesion*.
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Most people who support *socialism* today think of Norway's welfare programs, not Venezuela's reality. They expect free healthcare, strong *pensions*, and robust economies all at once without understanding the requirements.
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Voters are struggling with rising *crime rates*, declining services, and *inflation*, but don't understand why. Years of city mismanagement, wasteful state policies, and *federal spending blowouts* have hollowed out the *tax base*.
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NYC elected *Zohran Mamdani*, a *socialist* with zero business experience, to run a $100 billion operation. Imagine choosing a CEO who's never managed employees or run a budget for your family's centuries-old company.
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The same government that destroyed its *energy sector* also sacrificed citizens to multiculturalism, arrested people for memes, and called the English flag a symbol of *far-right hatred*.
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Britain went from *energy producer* capturing economic benefits to *energy consumer* dependent on foreign powers. The job losses are staggering and *energy prices* keep rising.
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One featured company in our research trades at just 3x *earnings*, pays a 12% *dividend*, and makes money hand over fist. When shortages hit, we expect this *investment* to soar.
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This anti-oil hysteria has created massive *undervaluation* in the energy sector. Oil companies are practically being given away at bargain prices today.
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The Energy Security Committee had to have *refining* explained to them like five-year-olds. These politicians knew nothing about *crude oil trade* except 'oil bad, wind and solar good.'
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British *energy demand* hasn't decreased - they're just importing it all from Norway and Saudi Arabia now. Same *carbon emissions*, but they've lost jobs, tax revenue, and *energy independence* entirely.
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Britain collapsed from 10 operating refineries a decade ago to just 4 today. *Fawley Refinery* now pays £70-80 million annually just for *CO2 emissions* penalties.
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Then came the war on energy: Britain imposed a *Zero Emission Vehicle mandate*, halted *North Sea oil exploration*, and slapped a 78% *windfall profits tax* on energy companies.
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At its peak, Britain operated over 20 *oil refineries* producing 270,000 barrels daily. The government understood that without *domestic energy production*, civilization itself was at risk.
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The *Fawley Refinery* opened quietly in 1921 as a Standard Oil workaround for US-UK tariffs. After WWII, it reopened in 1951 with Britain's largest banquet, attended by *Prime Minister Clement Attlee*.
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The *Affordable Care Act* has failed its core mission as family *health insurance plans* now cost *$35,000 annually*. Plan costs are set to increase another *26%* next year, or *114%* without extended *tax credits*.
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The *filibuster* allows a minority party to control the agenda, which wasn't intended by the Founding Fathers. The Senate refuses to eliminate this rule despite it enabling a tyranny of the minority.
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The House passed a clean *continuing resolution* to keep government funded during negotiations. The Senate has tried 13 times to approve it but can't reach the 60 votes needed due to *filibuster rules*.
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Foreign governments and central banks own *$10 trillion* in *US government bonds*, and the *Treasury Department* depends on these foreign lenders to finance annual *deficits* of around *$2 trillion*.
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The US government shutdown has been ongoing for a month with politicians unable to compromise on basic funding. This political standoff continues to erode foreign confidence in US government stability and reliability.
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His socialist solutions - breaking up companies, *federal housing intervention*, forced *unionization*, *wealth taxes* - will make life LESS affordable. America needs Congress members who understand *finance*, *debt markets*, and *monetary policy*, not simplistic ideologues.
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*Walmart's billionaire owners* actually reduced *profit margins* and rolled back prices during *inflation*. Many *billionaires* across tech, healthcare, and energy are working to reduce costs.
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The bigger threat isn't his tattoo - it's that he lacks basic understanding of major *economic issues*. He blames *billionaires* for unaffordability without explaining how or offering coherent *solutions*.
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Yet a Democrat *Senate candidate* with an actual *SS Nazi tattoo* for 18 years is just a misunderstanding. Over half of young Democrats still support him despite knowing about his *Totenkopf tattoo*.
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Democrats routinely label Trump supporters, conservatives, and anyone favoring limited government as *Nazis*. Even supporting *lower taxes* or *Israel's right to defend itself* makes you a Nazi according to their logic.
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His *corruption* knew no limits: selling *government offices*, granting *monopolies* for bribes, taking money from foreign countries. He used *state power* against opponents while issuing himself a *royal pardon*, nearly bankrupting the nation and sparking the *English Civil War*.
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Villiers pushed disastrous *military expeditions* in Spain and France, costing millions of *pounds sterling*. One campaign saw 50% of the *English force* killed in what became a *national humiliation*.
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By 1623, the King made Villiers a *Duke* and granted him vast influence over *English government*. Villiers shrewdly consolidated *political power*, becoming the most important person in the realm despite zero experience.
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King James I became instantly smitten with 22-year-old Villiers in 1614, making him royal cup-bearer. Within two years, Villiers was knighted and appointed *Gentleman of the Bedchamber* with unprecedented *royal access*.
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George Villiers, born into obscurity in late 1500s England, had no real prospects for success. His only advantage was extraordinary good looks that would change *British history* forever.
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We're entering *stagflation* - rising prices while the economy slows and *white collar jobs* are slashed. *Gold*, *energy*, and *natural gas* are deeply undervalued safe havens, just like during the 1970s crisis.
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During the pandemic, the Fed created $5+ trillion in new money - similar to England's *currency debasement*. They've only removed $2 trillion, leaving $3 trillion still in the system fueling *inflation*.
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Today's US *inflation* is moving in the wrong direction at 3.6% annually. The Fed is cutting *interest rates* and signaling an end to *quantitative tightening* earlier than planned.
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Latimer was arrested for speaking truth about *inflation* and ultimately executed for 'stirring the people.' Even King Edward VI later admitted: *currency debasement* caused the crisis.
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In 1549, England's currency was *debased* by 90% in seven years to fund wars against Scotland and France. Prices skyrocketed, and preacher Hugh Latimer called it theft of the people's *purchasing power*.
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2025-10-28T14:24:51
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https://www.schiffsovereign.com/wp-content/uploads/2025/10/ChatGPT-Image-Oct-28-2025-12_04_52-PM.png
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China might have used *electronic warfare* to disable the planes, but full-scale *war* remains unlikely. Like Venice and the Ottomans, both economies need each other - and *China* needs the US far more right now.
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The US-China conflict mirrors this exactly - *cyberattacks*, *espionage*, and *military incidents* occur regularly. Two US *aircraft* mysteriously crashed in the *South China Sea* this weekend during routine operations.
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Despite tensions, *Venice* and the *Ottomans* fought only limited wars while continuing *robust trade*. Neither wanted to destroy a valuable *business partner*, even as geopolitical rivals.
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But *Venice* got complacent, stopped innovating, and its *government* became corrupt and incompetent. Meanwhile, the *Ottoman Empire* emerged as a fierce competitor threatening Venetian *trade dominance*.
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Medieval *Venice* was like America 700 years early - anyone could come, work hard, and get rich. Its *ducat* became Europe's major *reserve currency*, replacing Byzantine gold.
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A *Milwaukee judge* helped an *illegal immigrant* escape from ICE agents inside her courthouse after he beat his roommate. These officials show open contempt for the roles they've been trusted to fill, and most keep their jobs—or get promoted.
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*New York Attorney General* Letitia James was indicted for lying on *mortgage documents* to secure better loan terms. The property she swore under oath was her second home was actually housing her *fugitive grand-niece* with a criminal record.
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*Federal Reserve Governor* Lisa Cook was accused of *mortgage fraud* for lying on loan documents for personal gain. If you can't be trusted on your own *mortgage application*, you shouldn't be setting *interest rates* or supervising banks.
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Instead of facing consequences, she secured a sweet *plea deal* with no admission of guilt to a single *misdemeanor charge*. All *felony charges* were dropped, she paid $1,200, and went right back to work on the bench.
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A sitting *New Hampshire Supreme Court Justice* was indicted on *seven criminal charges* including corruption and abuse of power. Justice Marconi admitted there was sufficient *evidence to convict* her of crimes.
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Some high-quality *gold*, *platinum*, and *silver businesses* are wildly undervalued and extremely profitable—even if there is a steep decline in *gold prices*. For example, one company is producing *gold* at just $1,000 per ounce, meaning it would still be making money hand over fist even if *gold* fell below $3,000.
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It took the election of *Ronald Reagan* in 1980 to finally restore credibility in the *US government's finances*. This renewed confidence is what ultimately reversed the trend on *gold prices*, causing the price to collapse below $300 by the end of the 90s.
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In 1975, *gold* hit a temporary peak at around $185 per ounce before a significant *price correction*. After consolidation, *gold* then resumed its ascent, rising all the way to $850 per ounce by 1980.
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The reality is the *dollar* went on to lose 75% of its value throughout the course of the decade. As a result, the price of *gold* skyrocketed fivefold as *governments* and *central banks* around the world diversified out of the dollar and into gold.
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By 1971, foreigners' demands to exchange their dollars for *gold* had become so great that *Richard Nixon* formally ended the *convertibility* once and for all. Nixon downplayed any impact, telling Americans on August 15, 1971, 'your dollar will be worth just as much tomorrow as it is today.'
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2025-10-22T11:28:10
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To reduce the *interest bill*, the *Federal Reserve* would need to create $30-40 trillion through *Quantitative Easing*. When the Fed created $5 trillion during the pandemic, we got 9% *inflation* - imagine what printing tens of trillions would do to prices.
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The government spent over *$1.2 trillion* just on *interest payments* last year - that's 23% of *tax revenue*. At current trajectory, annual *interest* will eclipse 40% of tax revenue within 8-10 years, leaving less money for everything else.
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Nearly 80% of the *national debt* is owed to foreign governments, *commercial banks*, *pension funds*, and insurance companies. *Defaulting* on these creditors would trigger a severe global *financial crisis* and end the dollar's *reserve currency* status overnight.
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is an outrageous falsehood. *Intragovernmental holdings* of $7.4 trillion are owed to *Social Security*, *Medicare*, and veterans - defaulting means robbing current and future retirees.
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The claim that debt \
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The US *national debt* hit $38 trillion this week, adding another *$1 trillion* in just ten weeks. This insane rate of increase barely registers in major financial media, revealing dangerous *complacency* about America's debt crisis.
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Florida transformed from *debt-heavy* to *budget surpluses* in fifteen years through smart policy. They've eliminated *state income tax* and might scrap *property taxes* entirely.
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Mamdani blames crime on Trump but opposes National Guard deployment that worked for Governor Hochul. His solution involves hiring *social workers* to stop *violent crime*.
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When asked how he'd fund *free buses* and *city-run groceries*, Mamdani pointed to New Jersey. He wants to raise *corporate taxes* following their fiscal model.
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In last night's debate, Mamdani openly admitted *rats* are NYC's top problem. Yet he pitched corporations on relocating by touting the city's *quality of life*.
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Zohran Mamdani is emerging as the Left's most articulate voice with Obama-level charisma. The NYC mayoral candidate's political career likely won't stop at *City Hall*.
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The first company reported *record profits* and jumped 20% in one day, up 52% since our prediction. Even if *gold* drops 30%, companies remain undervalued at 5.5x *earnings*.
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Many companies we featured are up 3x, 4x, 5x, even 6x this year alone. We realized *Q3 earnings* would be out of this world bonanza results.
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*Mining companies* were left for dead with cheap share prices practically given away. We predicted they would surge in value generating *record revenues*.
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*Central banks* buying hundreds of billions in *gold* to diversify from the *US dollar* sent prices rocketing. This trend continues driving higher *precious metals* demand.
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In early September, after detailed analysis, we predicted *gold mining companies* would surge. *Gold* had crossed $3,500 per ounce and *silver* hit $40.
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*Gold* just surpassed $4,100, reflecting Congress's collapsing credibility rather than speculative *bubble* behavior. The *US dollar's* reserve currency status depends on maintaining foreign investor confidence.
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Today's shutdowns aren't about specific issues but pure partisan hatred and refusal to cooperate. *Foreign creditors* holding $10+ trillion in *US bonds* are losing confidence rapidly.
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Jimmy Carter changed everything in 1980 by reinterpreting 1884 legislation through Attorney General Civiletti. This created the first-ever *government shutdown* on May 1, 1980 as political leverage.
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Back then, agencies used leftover funds during budget gaps - no shutdowns occurred. The Army's entire 1849 *budget* was under $8 million with penny-precise line items.
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The *Whigs* demanded financial accountability after war costs exceeded original estimates by four times. Simple calculation *mistakes* in 1848 cost more than the entire *federal budget* from 1836.
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In 1848, Congress defunded the *Army* for the first time over *Mexican War* cost overruns. Chairman Samuel Vinton panicked as the July 1 deadline approached without any *appropriations* passed.
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*Justice* requires balance and *equity* in law enforcement. After years of *weaponizing* her office, James faces the same *legal scrutiny* she imposed.
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Her defense claims are legally invalid under *United States v. Goodwin*. Even *politically motivated* prosecutions are valid when evidence supports charges.
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James prosecuted Trump for *bank fraud* while committing similar crimes herself. The *$18,933 benefit* she gained shows clear *financial motivation*.
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As *Attorney General*, she signed false affidavits under *penalty of perjury*. She immediately rented the property instead of living there as claimed.
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Letitia James has a pattern of *mortgage fraud* dating back to 1983. Her latest case involves lying about *owner-occupied* status on Virginia property.
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*Institutional investors* sold while *retail buyers* purchased, causing an 18-month correction. However, the fundamental *dollar diversification* trend remained completely intact.
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Americans couldn't buy *gold* until 1974 due to ownership bans since 1933. When legalized, *retail investors* aggressively entered the *gold market* immediately.
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Nixon ended *dollar convertibility* in 1971, causing *gold prices* to soar dramatically. Gold rose from $35 to $180 within just three years.
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De Gaulle demanded a return to the *gold standard* and *dollar-to-gold redemption*. This sparked global attention and massive *currency speculation* against the dollar.
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Charles de Gaulle owed his political career to *America's generosity* during WWII. Yet in 1965, he attacked the US *dollar system* out of pure jealousy.
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Chip replacement every 3-5 years means $30 billion annual *capital expenditure* for OpenAI. The math requires 50x *revenue growth* or replacing 400 million jobs worldwide.
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AI companies are now spending $500 billion on *data centers* and infrastructure. OpenAI makes $12 billion annually but faces enormous *operating costs* for electricity.
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This created a *wealth transfer* from investors to consumers who benefited. Similar patterns emerged with *WeWork* and *Uber* subsidizing below-market services.
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Within five years, Global Crossing filed for *bankruptcy* despite internet growth. The company lost 99.5% of its value, selling for just $250 million.
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Global Crossing raised billions in the 90s to build *internet infrastructure* worldwide. Investors believed *internet usage* would explode and generate substantial returns on investments.
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Britain now arrests citizens for minor offenses while immigrants commit crimes with impunity. This cultural invasion threatens the nation's existence and may be irreversible - *historical precedent* shows caring for invaders leads to ruin.
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Unlike America's early immigrants who *assimilated* enthusiastically, Britain's modern arrivals resist integration completely. They form breakaway societies with *parallel legal systems* including sharia councils on British soil.
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What began as pragmatic economic policy became utter insanity by 2015. *Net migration* reached a staggering 764,000 people in 2022 - over 1% of Britain's population.
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Post-WWII Britain desperately needed workers due to massive *labor shortages* from combat losses. The government created *immigration incentives* to boost production and economic recovery.
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In 1821, Britain ruled global civilization with unmatched naval and financial power. By the mid-20th century, America had replaced Britain as the world's *superpower*.
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These companies will report *Q3 earnings* over the next few weeks. Their *share prices* should surge higher on news of *record profits*.
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Some smaller *gold producers* trade at laughably cheap *valuations* under *5x forward earnings*. Many companies have seen *gains exceeding 4x* this year alone.
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*Gold companies* are raking in record *profits* yet *GDX* saw *$600 million* in outflows. This creates a massive disconnect between *physical gold* and *mining stocks*.
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*Gold miners'* revenue is denominated in *gold* with relatively fixed costs. These companies are making money hand over fist given *gold's meteoric rise*.
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While record *capital inflows* go into *physical gold ETFs*, there are net *outflows* from *gold miner ETFs*. The *GDX* has seen nearly *$2 billion* in outflows recently.
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*Individual investors* are now gobbling up *gold* as well in a major shift. The *GLD ETF* saw a record *$2.2 billion inflow* in a single day.
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We've predicted *gold's* rise from *$2,000* to current levels for two years. The surging *gold price* has always been about *central banks* buying.
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Foreign officials are *diversifying* their reserves away from the *US dollar*. *Gold* is realistically the only choice that meets all strategic reserve requirements.
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The *US dollar* has been the global *reserve currency* for 80+ years. But confidence has changed rapidly due to *$37+ trillion national debt* and political issues.
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*Gold* is on an unbelievable tear, now resting above *$3,900 per ounce*. Most foreign governments and *central banks* have traditionally held their reserves in *US dollars*.
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*Government dysfunction* drives foreign central banks to dump *dollars* and buy *gold* instead. Legal challenges prevent the President from executing reforms, making foreign investors lose confidence completely.
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Trump's administration plans to make many layoffs permanent, potentially shutting down entire *non-essential departments*. This reveals that bloated government can take a breather without ending the world.
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Essential services like the *military*, Air Traffic Controllers, and TSA continue operating normally during the shutdown. National Parks, Social Security, and FEMA maintain operations without major disruptions to citizens.
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The *Commerce Department* is furloughing thousands while the Census Bureau stops community outreach programs. Most Americans don't even know what these departments actually do for the economy.
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The government has shut down, suspending *nonessential functions* like HIV prevention guidance from the CDC. The *Bureau of Labor Statistics* can't release jobs reports, but private companies still deliver accurate data.
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Despite holding power in many countries, *Leftist policies* remain proven failures with no course corrections. America will overcome this *ideological divide* just like surviving anarchist violence in the early 1900s.
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Countries like Britain focus on Palestine while destroying themselves through failed *immigration policies*. They arrest citizens for online posts and threaten Jewish people for existing.
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Palestine lacks effective *central authority* with Palestinian Authority, Israeli military, and *Hamas* controlling different regions. This *recognition* represents destructive derangement from the Left rather than legitimate *diplomacy*.
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A legitimate state needs permanent population, defined territory, effective *government*, and diplomatic capacity. Recent *Palestine recognition* by UK, France, and Canada ignores these basic requirements.
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In 1933, US Secretary Cordell Hull established the modern legal definition of *statehood* in Uruguay. The Convention on Rights and Duties of States created four pillars for *sovereign recognition*.
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*Interest rates* are determined by supply and demand for money, requiring direct *bond market* intervention. If the Fed wants truly low rates, they'll likely need more *quantitative easing* and inflation.
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Last year, the Fed cut rates three times by 1%, yet *bond yields* actually increased 1%. This proves the Fed can't simply force *interest rates* lower through committee meetings.
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A better solution would be cutting spending and reducing America's *debt-to-GDP ratio*. However, meaningful *spending cuts* remain politically difficult, even for fiscally conservative parties.
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The President believes lower *rates* will stimulate the economy and raise *asset prices*. Lower rates will also help bail out the US government's massive *debt burden*.
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The *Federal Reserve* cut *interest rates* yesterday, keeping the door open for future cuts. We'll never truly know if this decision was driven by economics or political pressure.
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A short window of just months remains where these companies stay *undervalued* despite performance. *Gold* could reach $5,000-$10,000 long-term, but short-term opportunities exist in *gold businesses* now.
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Many *gold company* share prices have surged 3x to 5x, yet significant room remains. *Institutional capital* floods in during this cycle phase, especially targeting larger *market caps*.
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A massive disconnect existed between rising *gold prices* and underperforming *gold companies* for years. That gap is finally closing as *gold producers* with low costs see record *revenue growth*.
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Foreign governments are losing confidence in the *US dollar* and selling *Treasuries* to buy *gold*. *Gold* fills the currency vacuum as no other asset appeals as a dollar replacement.
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Long-term thinking creates the greatest wins in history, like Musk and Bezos' decade-long visions. However, recognizing short-term opportunities in *finance* and *investing* requires balancing both perspectives.
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Today's *US dollar* faces similar pressures with massive *deficits* and weaponized sanctions. Foreign *central banks* are buying hundreds of tons of *gold*, driving prices above $3,600 per ounce.
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Unlike other historical currency transitions, no rival currency replaced the fallen *denarius*. This created a monetary vacuum lasting hundreds of years across the Mediterranean.
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Roman emperors began *debasing* the denarius, reducing silver content from 95% to just 5%. Within generations, its *purchasing power* collapsed completely, forcing regions into barter systems.
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The *denarius* remained Rome's primary currency for centuries after the war ended. As Rome expanded, it became the *reserve currency* across three continents.
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Rome created the *denarius* in 211 BC during the brutal war with Carthage. The silver coin was designed to pay soldiers and became highly trusted currency.
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British law punishes grossly offensive content without defining what that means clearly. *Free speech* boundaries keep shifting as authorities criminalize truth to cover failures.
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These professional *educators* have become thought police targeting potential wrongthink from children. Even toddlers who can't form complete sentences face *suspension* for speech violations.
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In one school year, 94 *primary school* students faced discipline for alleged transgressions. This included ten children aged 5-6 and one *three-year-old* suspended from nursery.
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Linehan was treated like a terrorist and released only on bail with conditions. He's banned from posting online for making jokes that upset *trans activists*.
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British police arrested famous comedy writer Graham Linehan at Heathrow airport with five armed officers. His crime was posting three tweets that criticized *transgender activists* and their policies.
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The big question now is what kind of *inflation* we'll get this time. Will it be *asset bubbles*, *retail price inflation*, or both depending on economic conditions?
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This level of *monetary expansion* will be highly *inflationary*, but inflation doesn't always manifest the same way. From 2008-2015, we saw *asset price inflation* while retail prices stayed muted.
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Cutting rates won't be enough to achieve Trump's 2% borrowing cost target. The Fed would need massive *Quantitative Easing*, creating roughly $10 trillion in new money.
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The Fed is already showing signs of capitulation under Trump's pressure campaign. Powell's Jackson Hole speech opened the door to *rate cuts* as early as next month.
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Trump is pressuring the *Federal Reserve* to cut *interest rates*, using social media and regulatory pressure instead of physical intimidation. Like LBJ before him, he wants to reduce the government's $1.2 trillion annual *interest expense*.
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Billionaire donors like Bezos and Soros funded the project, yet progressives complain about their *philanthropy*. The Left's paradox: criticizing the rich whether they *donate money* or keep it.
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The center bulldozed beloved parkland and neighborhood spaces for the 19-acre campus. *Property taxes* are crushing landlords while $400,000 homes replace affordable housing options.
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Former Obama supporters now criticize the project for devastating their South Side community. Alderwoman Jeanette Taylor reports *rents doubling* from $800 to $1,800 due to *gentrification*.
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The project won't finish until 2026 at earliest, resembling a Soviet command center more than a library. Construction workers were forced into *DEI workshops* that prioritized ideology over actual building progress.
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Obama's Presidential Center was pitched as a $350 million community beacon for Chicago's Jackson Park. Instead, it became a half-finished fortress with *blast-resistant walls* costing over *$850 million*.
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This strategy will clear the *Fed board* for rate-cutting majorities, but slashing *interest rates* requires printing massive amounts of new money. Smart investors should prepare for serious *inflation* by positioning in *real assets* now.
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The same *mortgage fraud* allegations now target NY Attorney General Letitia James and Senator Adam Schiff. James ironically prosecuted Trump for similar crimes, but banks testified they weren't *defrauded* in his case.
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With *debt service* at $1.2 trillion annually, the administration desperately needs *Fed officials* willing to cut rates. Trump already replaced Governor Kugler with compliant adviser Stephen Miran who supports a weaker *dollar*.
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Cook allegedly signed mortgage applications for two different homes claiming each as her *primary residence*. This qualifies borrowers for lower *interest rates* and better loan terms illegally.
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Last week I predicted the Trump administration would use scandals to clear *Federal Reserve* hawks. Today, *Fed Governor* Lisa Cook faces mortgage fraud allegations from FHFA head Bill Pulte.
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When the government becomes one of the biggest *stock buyers*, markets explode higher due to massive *asset inflation*. You'll want to own *assets* when this new era of government-driven market intervention unfolds.
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This administration is floating a *sovereign wealth fund* - borrowing trillions to buy stakes in companies like Intel and Nvidia. It's not socialism or free markets, but "*National Capitalism*" - blending state and corporate power.
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The Fed creates money electronically to buy *government bonds*, which causes *inflation* throughout the system. Sometimes it hits *financial assets*, other times it shows up in grocery stores and utility bills.
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With America's debt spiraling past *$37 trillion*, the *bond market* controls long-term rates, not the Fed. When Treasury Secretary Bessent says he'll "get rates down," he means *printing money*.
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Most people think the *Fed* sets all interest rates, but they only control overnight *bank lending rates*. Everything else, from mortgages to government borrowing costs, is determined by the *bond market*.
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*Social Security* faces *insolvency* in less than eight years, but Congress refuses to act on simple solutions. The longer they wait, the more likely the fix becomes a *multi-trillion-dollar bailout* funded by printing money.
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The *Social Security* website now works 24/7 after eliminating 30 hours of weekly scheduled downtime. Online scheduling and six-minute office waits show what's possible with private-sector thinking in government.
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New commissioner Frank Bisignano runs *Social Security* like a private business with digital-first strategies and *AI tools*. Wait times dropped from 30 minutes to under 5 minutes while serving nearly twice as many people.
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The Department of Government Efficiency (*DOGE*) should focus on resetting how government treats citizens as valued customers. For 90 years, *Social Security* has been synonymous with endless waits and bureaucratic incompetence.
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I chose Mexico for my daughter's birth to avoid COVID restrictions and bureaucratic hassles. Mexican paperwork was surprisingly smooth, while US government offices treated us like threats instead of people they serve.
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America isn't far behind with licenses required for braiding hair and reading palms. In the early 20th century, the US economy grew rapidly because the *free market* was sacrosanct.
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British *red tape* drove nuclear power plant costs from *£18 billion* to *£48 billion*. 130 *regulatory agencies* impose £70 billion annually in *compliance costs* - 3-4% of *GDP*.
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The British government should be embarrassed by subjecting citizens to useless *bureaucratic nonsense* daily. They import migrants while slashing services for *taxpayers* who fund it all.
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Despite catching no fish, the Foreign Secretary bought a license afterward and faces a *£2,500 fine*. US media treated *Vance's* unlicensed fishing like he caused an international incident.
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Vice President *Vance* joined British Foreign Secretary David Lammy for fishing at Chevening House this week. Neither held the required *rod license* to legally fish on the private estate's pond.
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*Privacy* is a basic human right, not about hiding something wrong or illegal. Consider using *Proton* services, which are designed so even they cannot access most of your content.
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Even *Apple*, known for privacy, hashes photos uploaded to *iCloud* to detect illegal content. Unless you enable Advanced Data Protection, Apple can access your *email* and cloud files by default.
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Companies like *Google*, *Facebook*, *Dropbox*, *Microsoft*, and *Apple* have complete access to your data. They retain copies of everything, even *deleted emails*, and turn over files when authorities request them.
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This has raised fears about potential *backdoors* being built into cloud services. Major *cloud storage providers* already work with government agencies and comply with legal requests for user data.
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The UK's *Online Safety Act* recently activated key provisions, sparking widespread privacy concerns. While it doesn't explicitly grant government access to *cloud-stored files*, it requires providers to monitor content.
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The fund depletes by 2033, cutting *benefits* 25% without *payroll tax* increases. A *Sovereign Wealth Fund* investing in *real assets* could generate 9% returns.
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For decades *Social Security* ran surpluses parked in a *trust fund*. The fund only invested in *US government bonds* averaging 2% returns.
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This strategy might save *Social Security* without major *tax hikes*. The system runs on worker taxes funding retirement *benefits*.
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Michael Saylor created fake metrics like *Bitcoin Yield* and *Bitcoin Torque*. He borrowed billions through *corporate bonds* to buy volatile *Bitcoin*.
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*Bitcoin* trades at $120,000, but investors pay $240,000 through *Strategy*. The company holds 580,000 *Bitcoin* worth $69 billion but trades at $124 billion.
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The *Federal Reserve* may need to print *$15-20 trillion* to bail out the Treasury Department. Having a *Plan B* isn't unpatriotic - it's rational *insurance* against sovereign risks ahead.
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By 2033, when *Social Security* trust funds run dry, the debt could exceed *$50 trillion*. Interest payments alone might consume over 40% of total *tax revenue* annually.
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Tucker believes patriots should be *lashed to the mast* with no backup plans or options. America faces serious problems including a *$36 trillion national debt* that continues rising rapidly.
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But this logic would strip citizenship from American heroes like John Paul Jones and Eugene Bullard. Even *Davy Crockett* fought for Texas independence while remaining a proud *American patriot*.
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Tucker Carlson criticized politicians and military members with *dual citizenship* at a recent conference. He argued that *no man can serve two masters* and loyalty should belong to one country only.
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Interesting how the same media that obsessed over the Russia hoax has ignored Epstein's financial backing and intelligence ties.
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Admitting Epstein was an agent of the intelligence community would reveal senior officials enabled the most vile child abuse. Alternatively, missing a foreign *intelligence operation* on US soil shows catastrophic incompetence.
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Epstein's *blackmail operation* gave him leverage more powerful than nuclear weapons through child exploitation. If he was a US *intelligence asset*, it means taxpayers funded horrific crimes.
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Jeffrey Epstein likely worked in the *intelligence business* given his unprecedented access to powerful figures. He had connections to politicians, billionaires, royalty, and heads of state across major institutions.
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Intelligence terminology is often confused: an *asset* provides information unknowingly, while an *agent* actively works with agencies. An *operative* actually conducts missions and collects data on the ground.
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The Treasury Secretary was notably absent from the President's Saturday night remarks about military action. America needs rational *cost-benefit analysis* and fiscal responsibility, not just endless outrage over trivial issues.
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Conservative projections show the Iran strikes cost around *$1 billion* in munitions and deployment. This seems reasonable to neutralize a multi-trillion dollar *nuclear threat* to American cities.
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Iran's government despises the US and funds terrorist groups that target American citizens. Most world leaders privately agree that preventing Iran from manufacturing *nuclear weapons* makes sense.
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One side argues America doesn't need more foreign entanglements when the country is dying. The other side sees clear benefits in preventing Iran from obtaining *nuclear weapons*.
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The US military bombings in Iran have divided America along ideological lines this weekend. Even the political right shows two distinct camps on foreign military engagement.
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The institutional failure wasn't mere incompetence but a deliberate effort to look away. In a society where being called *racist* carries more professional danger than *ignoring child rape*, silence became the safer path.
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Starmer claimed investigating child rapists was just a *far-right bandwagon* despite being a former prosecutor. Thanks to pressure from Elon Musk, he finally announced a *national inquiry* this week.
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British Parliament rejected a *national inquiry* into these failures by 364 to 111 in January. Prime Minister Keir Starmer's Labour party *unanimously opposed* any investigation into the crimes.
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The crimes were horrific with thousands of victims as young as 10 years old. Authorities including *police, prosecutors*, NHS, schools, and child protection services egregiously failed these children.
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For nearly two decades, *organized groups* primarily of Pakistani Muslim descent preyed on vulnerable underage girls across England. The British public knew about the *grooming gang* menace but weren't allowed to discuss it.
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This staged incident shows politicians care more about going *viral* than solving problems like *immigration reform*. Instead of drafting legislation, they manufacture outrage and waste *taxpayer money* on pointless investigations.
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Politicians from both parties called it shocking that a Senator was *physically removed* from disrupting a room. The same people who accept fathers being beaten demand *full investigations* for political theater.
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Padilla removed his security credentials and shouted at Secretary Noem without identifying himself. Security personnel responded by escorting him out and putting him in *handcuffs*.
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The victim's father confronted school board officials and was brutalized by police for *disorderly conduct*. Yesterday, Senator Padilla crashed a *Homeland Security* press conference and was gently removed.
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On May 28, 2021, a *transgender student* sexually assaulted a girl in a Loudoun County school bathroom. School officials covered it up, allowing the attacker to transfer and assault another girl.
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Dimon believes the future will be *inflationary* as a result of excess deficits, and potentially a major *fiscal crisis* looming within a few years.
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Dimon predicts a coming *crack in the bond market* as investors shun US securities. *Bond vigilantes* are back, pulling away from what was once the global risk-free asset.
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The government's *mismanagement* is extraordinary, with *interest payments* now costing taxpayers over $1 trillion annually. Current trends will push that to *$2 trillion* by 2028.
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Reagan sounded debt alarms when America's *debt-to-GDP ratio* was just 35%. Today it's 122% and worsening, with America adding *$10 trillion* in just five years.
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Jamie Dimon built JP Morgan into a *$4 trillion juggernaut*, making him uniquely qualified on global finance. He warned that America's *tectonic plates are shifting* as the country's superpower status rapidly slips.
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The new *GENIUS Act* creates "Permitted Stablecoin Issuers" who must buy *Treasury bills*. This cleverly taps *crypto* wealth and diverts that capital into *government securities*.
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*MicroStrategy* has an enterprise value of $112 billion despite owning only $61 billion in *Bitcoin*. The company is worth nearly twice as much as the *crypto* it owns.
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There's a bizarre disconnect between *Bitcoin's* market cap and actual value today. As the oldest *cryptocurrency*, it's also the most technologically obsolete yet most valuable.
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I recommended *Bitcoin* to my audience back in March 2013 as useful technology. Judging *crypto* by Sam Bankman-Fried is like condemning *stock markets* because of Bernie Madoff.
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Peter Schiff and I disagree on *crypto* - he calls *Bitcoin* "useless" and predicts zero. I see legitimate use cases for *crypto* including speculation, store of value, and banking alternatives.
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*Gold* and other *real assets* will benefit as foreign governments need reliable stores of value. The US faces a terminal spending crisis that markets are no longer willing to ignore.
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Yesterday's *Treasury auction* proved investors' dissatisfaction when *20-year bond yields* hit 5.125%. This forced the government to offer dramatically higher *interest rates* to attract buyers.
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This simultaneous decline signals that investors are losing confidence in America's financial stability. Congress continues spending while the *budget deficit* spirals toward another *$2 trillion* shortfall annually.
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Unlike typical market behavior, investors aren't shifting between US *asset classes* anymore. Instead, they're moving their money completely OUT of the US into foreign investments.
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Within just five days of *Moody's downgrade*, all three major US markets crashed simultaneously. *Stocks*, *bonds*, and the *US dollar* all lost significant value in yesterday's unprecedented meltdown.
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