The lovely people at IGWT are playfully trolling us with their lowball 2030 estimate. Don’t fall for their trap by posting your stone-cold, lead-pipe, five-star price locks!

This would contradict my claim that a high gold:silver ratio coincides with, and signals, deflationary monetary conditions. 🫤

Ray Dalio said he’s worried about something worse than a recession The real danger is when recession risk collides with monetary dysfunction. That’s what turned 2008 and 2020 from slowdowns into crises. We’re seeing the same signals now: Swap spreads collapsing

UBS: If we report these swaps we inherited from Credit Suisse, the Financial System will collapse. CFTC: Say no more fam, how does 'Swap Relief with no Expiration' sound?

1/3 My latest piece for Foreign Affairs argues that the global trading system was broken long before the Trump and Biden administrations set out to reform it. That's because while it is a system that benefits collectively from... foreignaffairs.com/world/global-t…

This Bessent clip offers a good insight into what’s really going on with the Trumpian economic agenda. Also supports why I think all “the dollar is trash” commentary misses the point. The argument squares with the work I did about three years ago highlighting that by becoming

This is one of the key predictions in George Friedman’s The Next 100 Years (2009) book.

For several years now S. Korea has been running the hottest expansion of non-bank, private-sector debt of any nation sophisticated enough to report such metrics. This global change in conditions might provoke a banking crisis.

We may want to dive into India’s newfound manufacturing prowess, but the geopolitics in the Indian Ocean region reflect a division in Washington that has huge implications for the world. This is a tale of intrigue, hunting falcons, dark money, and tricky questions. Please enter

Gobsmaking that this highly liquid, internationally accepted (by the richest and poorest) asset—gold—derided as laughably unsophisticated, is 6-7x more valuable than second place.

Gold may indicate not all is well in euroland, when in fact ALL IS WELL IN EUROLAND, says euroland. If gold prices are mis-, dis-, or mal-information (you know, the Russians have a lot of it!), then those prices must be silenced. For the benefit of all of us, says euroland.

The Silent Depression

I’ve seen pictures of towering shelves jammed with ancient-looking Tibetan texts. Turning these synthetic intelligences on ancient data will surely revolutionize our understanding of just what exactly has been going on around here.

1980s Gen-X strikes back Fabulous

Subscribe – County Highway countyhighway.com/subscribe

As it is I’m reading Annie Jacobsen’s “Nuclear War: A Scenario”. It is a thrilling, educational, horrifying book. I hope we luck out once again. It seems like we are only a generation or three away from spreading off-planet. But Ares is so strong during the Fourth Turning.

My favorite financial apocalypse movie…

JUST IN - NATO Secretary General Mark Rutte and Ursula von der Leyen will be joining Zelensky on his trip to Washington to meet Trump tomorrow, along with European leaders Macron, Meloni, Merz and Alexander Stubb.

And now, it appears the U.S. agrees as well, on the verge of officially adding silver to its critical minerals list.

I’m reading it now and can confirm the descriptive language is remarkable, the plot gobsmacking and the setting as real like a trip to a foreign land. Recommended.