Money Flow Trading Method along with Risk Management

https://www.zerohedge.com/precious-m...ion-first-time



https://www.zerohedge.com/images/ico...Icon_White.png


https://www.zerohedge.com/images/icons/print-icon.svg
Gold Revaluation Imminent? US Treasury Hoard Tops $1 Trillion For First Time
https://zh-prod-1cc738ca-7d3b-4a72-b.../picture-5.jpg
by Tyler Durden

Monday, September 29, 2025 - 08:40 AM

On the back of a 45% surge in the price of gold this year, the US Treasury's hoard of the barbarous relic has surpassed $1 trillion in value for the first time in history.


https://assets.zerohedge.com/s3fs-pu...?itok=sP8sCqA4


That is more than 90 times what's stated on the government's balance sheet and is reigniting speculation that Treasury Secretary Bessent could revalue (mark to market) the massive pile of precious metal


https://assets.zerohedge.com/s3fs-pu...?itok=EPImpyRf


Unlike most countries, the US’s gold is held by the government directly, rather than the central bank.

The Fed instead holds gold certificates corresponding to the value of the Treasury’s holdings, and credits the government with dollars in return.
That means, as we detailed previously, that an update of the reserves' value in line with today's prices would unleash roughly $990 billion into the Treasury’s coffers, dramatically reducing the need to issue quite so many Treasury bonds this year.

While Treasury Secretary Bessent initially dismissed the suggestion, a trillion dollars here and a trillion dollars there adds up and it would be by no means unprecedented. As Bloomberg reports, Germany, Italy and South Africa all have taken the decision to revalue their reserves in recent decades, as an August note from an economist at the Federal Reserve discussed.


https://assets.zerohedge.com/s3fs-pu...?itok=oRO9-llv


US gold re-marking would have implications for both the Treasury & Fed balance sheets.

1. US Treasury: assets would rise by the value of the gold re-marking & liabilities would rise by the size of gold certificates issued to the Fed.
2. Federal Reserve: assets would rise by value of gold certificates & liabilities would rise by a crediting of cash in the Treasury cash balance (Exhibit 4). And here is the punchline: the Fed balance sheet impact would look like QE though no open market purchases would be required & Fed liability growth would initially be in TGA.

In other words, the best of all words: a QE-like operation, one which see the Fed quietly funnel almost $700 billion in cash to the Treasury... but without actually doing a thing!

On net, a gold re-marking would increase the size of both Treasury & Fed balance sheets + allow for TGA to be used for Treasury priorities (i.e. SWF, pay down debt, fund deficit, etc). Meanwhile, the Fed and Treasury magically conjure some $990 billion out of thing air to be spent on whatever, all because the Treasury agrees that the fair value of gold is... the fair value of gold.

Needless to say, a gold re-marking would be seen by the market as unorthodox, if not completely unexpected. US gold has not been re-marked for decades likely to guard against (1) volatility of Treasury & Fed balance sheets (2) concerns over fiscal & monetary authority independence.

According to none other than BofA's heaviest of Fed plumbing hitters, former NY Fed staffer Mark Cabana, a gold re-marking could cause TGA to be paid down in ways that stoke macro activity, risk inflation, & add excess cash into the banking system (higher TGA would eventually move to higher Fed reserves or ON RRP balances). In essence, gold re-marking would ease both fiscal & monetary policy (all else equal).

Indeed, as we said back in February, just like a QE but without the actual QE.

The BofA strategist's conclusion is that gold re-marking is possible (and certainly likely after Bessent's earlier comments), but has legal questions, "may not be well received by the market since it would amount to an easing of fiscal & monetary policies + erosion of fiscal / monetary independence" (yup, QE under any other name...). And, not unironically, the revaluation of gold will also send the price of gold (not to mention bitcoin and anything else that may also be subsequently remonetized) soaring.

As such, BofA still places low odds of US asset monetization until Bessent provides more credible detail on how he will “monetize the asset side of the US balance sheet." We, however, having realized that Trump moves very fast and breaks everything in his path, are confident that the odds of a gold revaluation are surging, and are a big part of why gold is trading just shy of $4000...

For more, including what the rates market impact of a gold re-marking would be across the entire complex, read the full note from February avaliable to pro subscribers in the usual place.

WWW.AVIELFOREXLEARNINGEDGE.COM

https://www.whatdoesitmean.com/logo322.jpg
World's Largest English Language News Service with Over 500 Articles Updated Daily
"The News You Need Today…For The World You’ll Live In Tomorrow."

What You Aren’t Being Told About The World You Live In

How The “Conspiracy Theory” Label Was Conceived To Derail The Truth Movement

How Covert American Agents Infiltrate the Internet to Manipulate, Deceive and Destroy Reputations

September 29, 2025

Kamala Issues “Fight Fire With Fire” Order As Warrior Vets Join Leftist Terrorists In Mass Shooting Carnage
By: Sorcha Faal, and as reported to her Western Subscribers

A beyond concerning new Security Council (SC) report circulating in the Kremlin today first noting socialist Democrat Party leader former Vice President Kamala Harris raged against all Republicans from President Ronald Reagan to President Donald Trump while issuing the order to leftist forces terrorizing America with mass shooting attacks and assassinations: “At a time such as this, one thing is for sure, we must fight fire with fire”, says socialist Democrat Party lawmaker Senator John Fetterman then warned: “Unchecked extreme rhetoric will foment more extreme outcomes...Political violence is always wrong—no exceptions...We must all turn the temperature down”.

In an example of the “more extreme outcomes” to come warned about by Senator Fetterman if extreme rhetoric remained unchecked, this report notes, shortly after leftist leader Kamala issued her “fight fire with fire” order it saw former National Guard warrior Keryan Jones, 34, carrying out a deadly mass shooting attack in Texas, about which was grimly revealed: “Among the dead was Marcus “Mark” Antley, a well-known resident and retired U.S. Customs and Border Protection officer”.

Also following leftist leader Kamala issuing her “fight fire with fire” order, this report continues, it saw United States Marine Corps war veteran Nigel Max Edge, 40, carrying out a deadly mass shooting attack in North Carolina—Edge escorted American Idol singing star Kelly Pickler to the Country Music Awards ceremony in 2012. Later, he accused her of trying to poison him, and it was revealed: “He lashed out at a white supremacist LGBTQ pedophile ring he claimed to be a victim of “.

Quickly joining his warrior vets, this report details, next it saw United States Marine Corp war veteran Thomas Jacob Sandford, 42, carrying out a deadly mass shooting attack in Michigan—the FBI called this fatal attack an “act of targeted violence” and it was also revealed about the Mormon Church that the now dead Sandford attacked and firebombed: “Michigan officials have found unexploded bombs and two additional bodies, with others feared missing under the rubble”.

After a day of mass shooting carnage that followed leftist leader Kamala issuing her “fight fire with fire” order, this report concludes, President Trump posted the message to the American people: “I have been briefed on the horrendous shooting that took place at the Church of Jesus Christ of Latter-day Saints, in Grand Blanc, Michigan...The FBI was immediately on scene, and will be leading the Federal Investigation, and providing full support to State and Local Officials...The suspect is dead, but there is still a lot to learn...This appears to be yet another targeted attack on Christians in the United States of America...The Trump Administration will keep the Public posted, as we always do...In the meantime, PRAY for the victims, and their families...THIS EPIDEMIC OF VIOLENCE IN OUR COUNTRY MUST END, IMMEDIATELY!

[Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]


https://www.whatdoesitmean.com/aia22.png

September 29, 2025, EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition that it is linked to its source at WhatDoesItMean.com. Freebase content licensed under CC-BY and GFDL.

[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human being’s right to know the truth. Due to our mission’s conflicts with that of those governments, the responses of their ‘agents’ have been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exemplified in numerous places, including HERE.]

[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green (1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]

[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]

Trump Is Prepared To Shock The World Warning Issued

Reality Of Charlie Kirk Murder Available For Purchase At The Pick Your Truth Bazaar

Return To Main Page

Don't just proclaim that you are a trader.

Trader does not mean that the sole objective is to make money. The moment you come with money making as the sole and only objective , you are out of the game anyways and part of the larger crowd which is unsuccessful

Do things which can identify you as a professional trader - learn the process, understand and follow risk management and position sizing. Be disciplined and understand that trading is a long haul.


Each day around 8:30 AM to 9:30 AM Eastern Standard Time, I determine whether we have RISK ON or RISK OFF.

There is no indicator that can do this just as no technical indicator can effectively predict what will happen moment to moment as one MAJOR fundamental fact whether GEOPOLITICAL or FINANCIAL or now SUPPLY CHAIN or some New Covid 19 variant can cause the markets to go down 1000 points as the Dow 30 has been doing recently and will continue to do.

That is why my Unique Method of Forex trading developed during 2003 when I started trading Forex and later on during 2012 when I added to my business model and started teaching my unique 100% proven method of Money Flow trading.

It is no longer possible to trade without a STOP LOSS PERIOD.

Having a STOP LOSS of fewer than 100 PIPS is not a good strategy. That leads me to explain why most of the 95% of all Retail Forex Traders lose. They trade with small amounts of money and SCALP which makes it almost impossible to make profits over a period of one year because of the VIOLENT NATURE of the swings in the Asset Classes caused by world changing events.

Each Forex Trade that you do should not risk more than 2% of your trading Capital and that is based on trading Capital of $50,000 US Dollars INITIALLY learning on a $50,000 US Funds Demo account just as I did for a period of three years before I made my first Real Funds Trade.

PLEASE GO WITH THE MONEY FLOW

Let us review what we teach and why it works if YOU WORK.

Without your WORK then you are just wasting your time and probably your money.

There is no such thing as Political Correctness here because we are here to teach and share our knowledge.


SO.... going back to our winning FORMULA for FOREX SUCCESS.

20% of the SUCCESS is yourself the Forex Trader.

20% of the SUCCESS is your EDGE which we teach you and that is Money Flow Trading.

20% of the SUCCESS is control of your RISK (Your hard earned money) Our UNIQUE RISK MANAGEMENT allows you to trade without worry, fear and greed. Of course we want to make sure that you have the right qualities to be a winning Forex Trader so our course is for a period of three months, so we can teach you the right trading methods and we can see your results and make adjustments without your FEAR OF LOSS of Real Money.


20% of the SUCCESS is using and understanding the USE of Technical Indicators which include not only the common ones. It includes the understanding of Supply and Demand. Support and Resistance and the use of Pivot Points which you can see each day on our daily charts that cover ALL our Trade Plans which we also help you develop and explain WHY. These are our Winning Trade Plans that we review every three months or earlier if circumstances in the markets require that.

20% of the SUCCESS is the FUNDAMENTALS, which are much more than Data Releases each day around the world. It includes reports and articles extremely well researched as you can clearly see from this article that explains why the TREND in the Equity Markets especially in North America is DOWN. By understanding the difference between PERCEPTIONS (MARKETS) and REALITY, you then have a good handle on REALITY before the MASSES do and you are not surprised when events eventually unfold.

When successful traders aren't trading, they are researching, developing, and innovating. When unsuccessful traders aren't trading, they're staring at screens and forcing trades. There is nothing better for trading psychology than being at the cutting edge of a growing business.

What makes a trader successful is discipline: doing the right thing with fidelity. What keeps a trader successful is innovation: doing new things and turning them into disciplines.

Thursday, September 25, 2014
A Preview of Trading Psychology 2.0: From Best Practices to Best Processes
http://2.bp.blogspot.com/-4zHYD5MY44...teenbarger.jpg
One of the great disappointments I encounter when I read writings on the topic of trading psychology is that they invariably touch upon the same themes: discipline, controlling emotions, etc. Having worked with traders and portfolio managers for over a decade now, there is so much more to the psychology of trading than "sticking to your process" that I decided I had to write a book about what I was experiencing but wasn't reading. The title reflects that interest: Trading Psychology 2.0: From Best Practices to Best Processes.

I think Ted Hayes hit on something important in his recent interview. He pointed out that the personality traits relevant to success among early career traders are different from those that generate success for experienced ones. Perhaps so much writing concerns discipline and emotional control, because those are the dominant concerns of the new traders who buy the books, haunt the websites, and seek the help.

At several of the firms where I work, no one even gets an interview unless they have years of experience managing significant capital with a solid track record of profitability and risk management. So by the time those traders join the firm, discipline and emotional control are not screaming priorities. Instead, they deal with other challenges. In Trading Psychology 2.0, I refer to these challenges by A-B-C:


* Adapting to changing markets
* Building on strengths
* Creating creativity

In adapting to different markets by leveraging their strengths and generating new ideas, successful market participants are not so different from successful businesses in fast-changing industries, such as technology or social media. When markets change from year to year, stasis is a formula for failure. The successful trader, like the successful tech firm, must constantly innovate. Moreover, once traders generate those innovations, they must turn best practices--what they do that is successful--and turn them into robust, best processes.

I think this is very, very important: What makes a trader successful is discipline: doing the right thing with fidelity. What keeps a trader successful is innovation: doing new things and turning them into disciplines. Conscientiousness makes for success, but it is openness that makes for adaptation. Trading psychology as a field has done a fine job of articulating the importance of discipline. My hope is that the new book will broaden the discussion to include a research-informed look at mastering change and innovation.

In order to be able to help you better it is VERY IMPORTANT that you share your thoughts and your QUESTIONS.

PLEASE READ CAREFULLY - IT IS FACTUAL AND LEADS NEWS TO BE PRINTED AND CONFIRMED !!!


https://www.whatdoesitmean.com/logo322.jpg
World's Largest English Language News Service with Over 500 Articles Updated Daily
"The News You Need Today…For The World You’ll Live In Tomorrow."

What You Aren’t Being Told About The World You Live In

How The “Conspiracy Theory” Label Was Conceived To Derail The Truth Movement

How Covert American Agents Infiltrate the Internet to Manipulate, Deceive and Destroy Reputations

September 30, 2025
Franz Ferdinand Moment Triggering World War III Nears As American War Armada Takes Flight
By: Sorcha Faal, and as reported to her Western Subscribers

A foreboding new Security Council (SC) report circulating in the Kremlin today first notes President Putin declared about the liberation of Russian peoples from Ukrainian Nazi tyranny: “Friends, citizens of Russia, I extend my heartfelt congratulations on this holiday - the Day of Reunification of the Donetsk and Lugansk People’s republics, and the Zaporozhye and Kherson Regions with our large, united country...Three years ago, in referendums held in Donbass and Novorossiya, millions of our compatriots freely and independently chose their future...They fulfilled a dream cherished for many years and made a momentous, historic decision: to be with their Fatherland, with Russia, to return to their native family of which they had always been a part”.

While Russia celebrates the liberation of millions of its citizens from Ukrainian Nazi tyranny, this report notes, socialist European Union and NATO bloc leader German Chancellor Friedrich Merz warned his people about Russia: “Let me put it in a sentence that may be a little shocking at first glance...We are not at war, but we are no longer at peace either”—a warning proclamation joined by socialist European Union and NATO bloc leader Polish Prime Minister Donald Tusk warningly declaring to his peoples: “The biggest and most important task for European leaders today is to make Western societies aware that the Ukraine conflict is the most serious risk they face in the 21st century...This war is also our war...It is in our fundamental interest, as a defeat would affect all of Western civilization from Poland to the United States”.

In a grave escalation of what Secretary of State Marco Rubio factually described as: “Frankly, it's a proxy war between nuclear powers – the United States, helping Ukraine, and Russia”, this report continues, Vice President J.D. Vance revealed to Fox News about President Donald Trump giving nuclear armed capable long-range missiles to Ukraine to fire into Russia: “You asked this question about Tomahawks...It's something the president is going to make the final determination on...What the president is going to do is what's in the best interest of the United States of America...I know we're having conversations this very minute about the issue”—a revelation followed by President Trump’s special war envoy retired General Keith Kellogg declaring about Trump’s decision to give Ukraine these long-range nuclear armed capable missiles to fire into Russia: “I think, reading what he has said and reading what Vice President Vance has said as well as Rubio, the answer is, yes...There are no such things as sanctuaries”.

While viewing this major escalation in a conflict, the United States admitted that it is an armed nuclear power's proxy war between itself and Russia. This report details that top Kremlin spokesman Dmitry Peskov revealed: “Moscow has heard Washington's statements about possible Tomahawk shipments to Ukraine and is carefully analyzing them...It is important to understand who will direct and launch Tomahawk missiles from the territory of Ukraine — the Americans or the Ukrainians themselves... panacea can change the situation on the fronts for the Kiev regime”—a revelation joined by Foreign Minister Sergey Lavrov, gravely warning: “Any aggression against my country will be met with a decisive response...There should be no doubt about this among those in NATO and the European Union”.

Yesterday, this report concludes, socialist European Union and NATO bloc leader Italian Foreign Minister Antonio Tajani declared to his peoples: “I don’t think Putin wants to start World War III, so I want to reassure all Italians”—a declaration followed by the warning news: “Roughly a dozen U.S. Air Force KC-135R/T "Stratotanker" Aerial-Refueling Tankers are currently up from a number of airbases across the United States, heading northeast and preparing to cross the Atlantic towards Europe”—as this American war armada takes flight towards Russia it was revealed today: “President Trump and Secretary of War Pete Hegseth head to Quantico, Va., this morning to address military leaders from posts around the globe at an unprecedented gathering”—and Politico just warned: “The EU is increasingly wary that tensions with Russia could spill into a major conflict, in a scenario some officials privately liken to the chain reaction following the assassination of Austrian Archduke Franz Ferdinand that triggered World War I”.

[Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no counterpart.]


https://www.whatdoesitmean.com/ffm21.png
https://www.whatdoesitmean.com/ffm22.png

September 30, 2025, EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition that it is linked to its source at WhatDoesItMean.com. Freebase content licensed under CC-BY and GFDL.

[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human being’s right to know the truth. Due to our mission’s conflicts with that of those governments, the responses of their ‘agents’ have been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exemplified in numerous places, including HERE.]

[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green (1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]

[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]

Trump Is Prepared To Shock The World: A Warning Issued

Reality Of Charlie Kirk Murder Available For Purchase At The Pick Your Truth Bazaar

Return To Main Page

WWW.AVIELFOREXLEARNINGEDGE.COM

https://www.zerohedge.com/markets/ex...modern-finance

Exposed: The Top 5 Myths Of Modern Finance Tyler Durden's Photo by Tyler Durden Tuesday, Sep 30, 2025 - 05:00 PM

Authored by Nick Giambruno via InternationalMan.com, In today’s financial system, what many people take for granted as foundational truths are actually deeply flawed assumptions or outright deceptions. Below is a breakdown of commonly misunderstood financial concepts—reframed to reflect a more accurate interpretation of how the system really works.

Myth #1: “Risk-Free” Returns For decades, US government bonds were treated as the ultimate safe haven—where investors could stash cash with the promise of stability and zero risk. That all changed in 2022, in 2022, the worst year for Treasuries in American history. The benchmark 10-year Treasury dropped nearly 18%, while the 30-year collapsed by over 39%. Many bonds fared even worse. Even stretching back 250 years, you won’t find a more devastating year for the so-called “risk-free asset” that underpins the global bond market.

That should have permanently buried the myth that Treasuries are risk-free. Yet many individuals—and nearly every major financial institution—still thoughtlessly cling to this belief. Moreover, with the real rate of currency debasement far outpacing nominal interest rates, Treasuries have become a losing proposition. They no longer offer a “risk-free return.” What they deliver instead is “return-free risk.”

Myth #2: The Lender of Last Resort and Fictional Reserve Banking The idea that central banks act as a backstop during crises—a “lender of last resort”—sounds noble. In times of financial turmoil, they step in to inject liquidity and restore order. The narrative is that central banks prevent economic collapse by offering emergency funding when private lenders won’t. It’s a safety net, a stabilizer, a guardian of last resort. However, when central banks create money out of thin air to rescue failing institutions, it’s really just legalized counterfeiting. And let’s be clear: the money you think you have in the bank? It’s not actually there.

Most banks would collapse if even a tiny portion of depositors tried to withdraw their funds. That’s because of fractional reserve banking—a practice that would be considered outright fraud in any other industry. Imagine a car dealership or jewelry store running on a fractional reserve model—creating more claims for cars or gold necklaces than they physically have. It’d be laughed off as a Ponzi Scheme. Yet, it’s not only legal in banking—it’s the standard. The only reason it seems to work is because banks have the Federal Reserve as a backstop, the “lender of last resort.” When trouble hits, the Fed steps in to bail them out by creating more currency units out of thin air. No such lifeline exists for car dealers or jewellers—because no one can create new cars or necklaces out of thin air to make things whole. That’s why fractional reserve banking is really fictional reserve banking. The reserves don’t exist in any meaningful way—the system runs on smoke, mirrors, and a lot of blind trust.

The illusion only holds because central banks stand ready with the money printer to bail it out when cracks appear. So here’s the plain-English translation: “Lender of last resort” means legalized counterfeiting to backstop a legalized Ponzi Scheme.

Myth #3: Policymakers Are Just Central Planners in Disguise. We often hear about “policymakers” adjusting economic levers to keep things stable. But this is really central planning by another name—more in line with top-down command economies than the free markets we’re told we live in.

Myth #4: Many Elites Don’t Create Wealth. In many cases, those referred to as “elites” are not wealth creators but wealth extractors—parasites living off the productivity of others through favourable regulations, insider deals, seigniorage, cronyism, and bailouts. They are more accurately called parasites.

Myth #5: The Federal Reserve is a Free Market Institution. In The Communist Manifesto, Marx’s fifth plank calls for the “centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.” That’s a spot-on description of the Federal Reserve and other central banks. In reality, the Fed is nothing more than a politburo of bureaucrats attempting to centrally plan the economy by tinkering with the money and interest rates—the most important prices in all of capitalism. Even if we presume the Fed has benign intentions—which it doesn’t—central planning is an impossible task, and failure is inevitable.

That’s why the Fed is in a mission-impossible situation—much like it was an impossible task for the Soviets to centrally plan their economy. The best thing you can do is recognize that the Fed can’t save the day any more than the State Planning Committee of the USSR could—and get positioned accordingly.

Conclusion: Many of the foundational beliefs propping up the modern financial system are riddled with contradictions, euphemisms, and carefully crafted illusions. Scratch just beneath the surface, and it becomes clear: this isn’t a system rooted in free markets—it’s one driven by deception, control, and theft.

Seeing through the lies is no longer optional—it’s essential. Because the conditions are in place for a major monetary reset… and soon. If history is any guide, a significant devaluation of the US dollar isn’t just possible—it’s all but guaranteed. That’s why I’ve just released a critical new report revealing the top three strategies to protect yourself and profit from what’s coming next. Click here to download it now—before the window slams shut.

WWW.AVIELFOREXLEARNINGEDGE.COM

Legendary Gold Investor and Washington DC Insider Reveal…

The "Inflation Proof" Asset That Will

PROTECT THE VALUE OF YOUR SAVINGS

in the Coming Economic Reset...
(So you could make windfall gains—NOT crippling losses—in the imminent turmoil.)

https://internationalman.com/wp-cont...ull-market.png

Dear Reader,
Did you know the US government has printed more money recently than it has for its nearly 250-year existence?

It’s the biggest monetary explosion that has ever occurred.
It has helped push the price of gold—and ultra-lucrative gold mining stocks—to multi-year highs.
But that’s nothing compared to what is ahead of us.

The coming money printing will be unlike anything we’ve ever seen before…
That’s because governments around the world have thrown out the last semblance of fiscal and monetary sanity.
They are bailing out everyone and everything at the cost of trillions of dollars.
Where are governments getting all this money?

They’re simply creating it out of thin air.
It’s hard to comprehend such enormous numbers.
Here’s some perspective…

One million seconds is about 11 days ago.
One billion seconds ago was 1988.
One trillion seconds ago was 30,000 BC.
A trillion square miles would cover the surface of 5,000 planet Earths.

Suppose you had a job that paid you $1 per second, or $3,600 per hour.
That amounts to $86,400 per day and about $32 million per year.
With that job, it would take you nearly 31,700 years to earn a trillion dollars.

Suppose you earned $50,000 a year, the typical household income in the US. It would take you more than 20 million years to make a trillion dollars.
If you had a trillion one-dollar bills, you could cover the surface area of the state of Delaware twice over.
If you stacked a trillion one-dollar bills on top of each other, it would reach 67,866 miles high, about one-fourth of the distance from Earth to the moon.
If you took that same trillion one-dollar bills and instead stacked them end-to-end, the length would exceed the distance between the Earth and the sun.

The picture below shows a trillion dollars in $100 bills, double-stacked on pallets.

On the lower-left side is a barely visible human for scale.
https://internationalman.com/wp-cont.../Trillions.png
So, that’s how big one trillion is.

When any government starts carelessly spending and printing trillions, it’s a sure sign that you’re entering dangerous territory.
When it’s all said and done… the money printing going on right now could reach into the tens or even hundreds of trillions of dollars.
It’s an unfathomable amount of money.

It will likely unleash the biggest gold mania ever.
In fact, it has already started.
The gold market is moving rapidly, and you don’t want to get left behind.
That’s why you have to decide—basically right now—how you’re going to play your cards.

It’s a once-in-a-lifetime opportunity to make transformational profits, but only for the select few who are properly prepared.
How You Can Profit Like the Elite Investors
Research indicates that most people do not own any form of gold.
Even fewer own any gold mining stocks—companies in the business of exploring for, developing, and producing precious metals.

Even fewer yet own the right gold mining stocks—the real key to life-changing profits.
This means most people will miss out on the most significant profits in what could be the biggest gold bull market ever.
Even a minor increase in the price of gold can cause enormous increases in the price of gold mining stocks.

The chances are high that certain gold stocks could quickly soar 5x, 10x, or even much higher… but only if you choose the best companies among the over 2,000 mining stocks.

Rather than throwing a dart at a dartboard and choosing gold mining stocks at random—which is a recipe for financial disaster—we’ll show you a much better way…
What 99% of Investors Don’t Know

Are you seeking life-changing rewards as this historical gold bull market takes off?
If you’re trying to find the best companies among the over 2,000 mining stocks—but don’t know how to go about it—then this is the most important dispatch you’ll read all year!

Here's why…
Because in today's volatile world, making the right moves—or NOT—can mean the difference between suffering crippling losses and making windfall gains.
You need to understand what's coming down the pike from Washington and Wall Street so that neither you nor your portfolio are blindsided.
You need an alternate source of information that is comprehensive and consistent and shows you how it all fits together.
Luckily for you—and for the first time ever—you can access info from the ultimate insiders to give yourself an unfairadvantage with insight and analysis that most won't have.

We'd like to introduce you to a new advisory from Doug Casey's International Man:

Doug Casey and David Stockman's Contrarian Insider
Legendary gold investor Doug Casey and "Father of Reaganomics" David Stockman have teamed up to give you unmatched insider insight to help you potentially make enormous profits in the gold market.
https://internationalman.com/wp-cont...viddoug-v2.png

David Stockman & Doug Casey
Giving You the Inside Track from the Ultimate Insiders…
David Stockman is the preeminent Washington insider turned iconoclast.
He has unparalleled experience spanning two decades each on Wall Street and Capitol Hill.
Now, anyone with connections to the government should elevate their suspicion level.
But as you'll see, David is a genuine opponent of government stupidity. He is a strong advocate for free markets and a vastly smaller government.
Known as the "Father of Reaganomics," David Stockman served as President Ronald Reagan's budget director and was a principal architect of his original effort to Make America Great Again.

Since starting in Washington as a legislative assistant in 1970, he has seen every business cycle and president up close and personal.
In short, David Stockman knows how Washington, DC thinks.
https://internationalman.com/wp-cont...and-Reagan.png

President Ronald Reagan with David Stockman in the Oval Office
David spent nearly 20 years in Washington as a Capitol Hill staffer and US congressman and was the youngest Cabinet member of the 20th century.
https://internationalman.com/wp-cont...pital-HIll.png
David Stockman on Capitol Hill

After leaving the corridors of Washington, David spent 20 years on Wall Street, where he became one of the original partners at the New York-based private equity firm, The Blackstone Group.
David is one of the few people who REALLY understand what the political and financial establishment has planned…and precisely what you can do to protect yourself and profit.

Legendary Gold Investor Can Show You Where the Market Is Going Ahead of the Big Moves
Doug Casey is a well-known contrarian investor and self-made multi-millionaire.
His success has given him the chance to go anywhere he wants.
Doug has been to over 145 countries and has several homes around the world, including a private luxury resort in a secluded mountain location in South America.
He is a sought-after speaker at investment conferences around the world, and it is usually standing-room only during his presentations.
Doug literally wrote the book on profiting from periods of economic turmoil.

His book, Crisis Investing, spent 29 consecutive weeks at #1 on the New York Times bestseller list, earning the title of the best-selling financial book of the year.
He has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News, and CNN.

Doug has been the topic of numerous articles in Time, Forbes, People, and the Washington Post.
https://internationalman.com/wp-cont.../Doug-Phil.png

Doug Casey on the Phil Donahue Show
Doug attended Georgetown with Bill Clinton and has met several other presidents.
He has debated political strategists Karl Rove and James Carville and other figures like Newt Gingrich and Charles Krauthammer.
https://internationalman.com/wp-cont...ug-Picture.png

Doug Casey Debates Democratic Strategist James Carville
Doug has met numerous world leaders, including Fidel Castro, with whom he shared a cigar.
https://internationalman.com/wp-cont...sey-castro.gif

Fidel Castro and Doug Casey (Upper Left)
Doug Casey has a proven track record of predicting major political and economic shifts. He has pretty much predicted every important market movement since the 1970s.

This insight allows him—and those who follow his work—to be well-positioned to protect their savings and make life-changing fortunes ahead of big changes.
For example, he predicted the fall of the Soviet Union and the 9/11 attacks—weeks before they happened.
Doug also predicted the market crash in the S&L Crisis in the early ’90s… the bursting of the dot-com bubble in 2000… the 2008 financial crisis… and the crisis unfolding RIGHT NOW.

A hundred years from now… Doug Casey may well be remembered as one of the great prophets of our time.
— ROBERT RINGER, BEST-SELLING AUTHOR

If you're worried that you don't know where the market is going, you need to listen to what Doug Casey says.
Your Chance to Make Profits that 99.9% of Investors only Dream Of
It is in times like these that legendary gold investor Doug Casey thrives…

For decades, Doug and his team have specialized in finding incredible speculative opportunities with life-changing potential in situations just like this.
Their work has helped thousands of people.
Every investor needs to explore the unconventional. Doug Casey will make you think; this is not the conventional wisdom.
— JIM ROGERS, INTERNATIONAL INVESTOR

Below, we'll review some of Doug's biggest wins.

But, of course, it is not a full track record, and not every trade was a winner. And past performance is not an indication of future results. But it does give an idea on the kinds of opportunities we are aiming for.

For example, Doug Casey was a founding shareholder in a company that was one of the most significant profit opportunities in mining stocks in the last 20 years.
When the company went public, it was worth about $500 million. Two years later, its market cap had soared above $2 billion and kept going.

Today, it's one of the biggest and most successful companies in the precious metals space.
Earlier this year, it was worth over $12 billion. In other words, the company exploded to more than 24 times its IPO value.
Doug's readers could have made a fortune too. He recommended the stock in February 2005 and said he thought shares could hit the moon.
Doug was spot-on.

Just look at how much you could have made as an early investor. It soared more than 500% in under three years.
https://internationalman.com/wp-cont.../Chart-111.png
About a year later, the company's share price started to skyrocket again.
This time, from under $5 to more than $45—or over 800%—in just over two years.
https://internationalman.com/wp-cont...3/Chart-11.png

And then there's Paladin Energy, a uranium company, another unbelievably big win for Doug… and also his readers.
Paladin skyrocketed from one penny to a peak of over $10 per share during uranium's last bull market in the mid-2000s.

That's a 1,000-fold increase.
In other words, a $1,000 investment could have exploded into $1 million.
A $10,000 investment could have turned into $10 million.

Rick Rule is Doug's longtime friend and a prominent natural resource investor. He also invested in Paladin and called it…
The single most important financial event of my career.
Long before anyone knew what was going to happen in the uranium market mania, Doug alerted his readers to the opportunity with Paladin Energy.
Likely, Paladin was also the most significant financial event in many of their lives.

Now, Paladin was a rare and unique example. However, as stunning as Paladin’s performance was, it’s important also to remember that past performance is not an indication of future results—for any investment.

But just think if you were able to make a similar life-changing profit…
It could mean setting you up to live the life you want.
You wouldn't have to work again… or worry about scraping by in retirement.
You could travel the world in First Class.

You could buy a new home on the beach.
And you could have plenty left to help your family.

Imagine multiplying your money by 10x, 15x, 20x or more in just a matter of months…
These are the kinds of returns we aim for at Doug Casey and David Stockman's Contrarian Insider.
At Contrarian Insider, we are interested only in taking asymmetric bets.
An asymmetric bet is one where the potential upside of a position greatly exceeds its potential downside.

If you risk $1 for the chance of making $20, you're making an asymmetric bet.
Amateur investors too often risk 100% of their money in the pursuit of a 100% return.

These are horrible odds that the financially and statistically illiterate flock toward… the kind you find in casinos and most sports betting.
It's one of the key reasons most people struggle in the market.
We've always been more attracted to asymmetric bets… where we stand a good chance of making 10, 50, even 100 times the amount we're risking.

We're not interested in even bets. We're taking the field only if our potential upside is much, much greater than our potential downside.
The years to come are going to be tough on everybody, but the speculator has by far the best chance of coming out ahead.
— DOUG CASEY

Here's Everything You'll Get

12 monthly issues of David Stockman and Doug Casey's Contrarian Insider
https://internationalman.com/wp-cont...dmockup-v4.jpg

Every month, you'll receive a new issue of Doug Casey and David Stockman's Contrarian Insider.
In it, you'll get insights and information about what's really going on in Washington, DC and on Wall Street from the ultimate insiders.
Including…

1. What does it mean for the gold market and precious metals companies
2. How it affects savers and fixed-income retirees
3. How will it impact your personal liberty and financial security
4. How to navigate the complicated economic situation with ease
5. How to act on money-making opportunities in this environment

Thanks to Contrarian Insider, you don't have to be an expert investor or insider to find investments others miss.
You will also get, each month, specific recommendations for how to protect yourself and profit.

We'll give you regular portfolio updates on our investment recommendations.
At Doug Casey and David Stockman's Contrarian Insider, we track our portfolio companies daily. Whenever there's important news, we'll let you know. We'll let you know as soon as possible when it's time to stop buying and when to sell.
You'll have 24/7 access to our members-only website where you'll find all past issues of Contrarian Insider… our model portfolio, including all current recommendations… Plus, all our exclusive special reports.

1. You'll receive stock recommendations that you can access from your brokerage account
2. Easy-to-follow information on what you need to do to secure your nest egg
3. What you can do to make your money go farther, for prudence and profit
4. Actionable opportunities to generate big returns without increased risk
5. Doug Casey's International Man Communique, a BONUS briefing three times per week

And That's Not All…
You'll also get IMMEDIATE access to 4 Bonus Reports which have...

1. One high-potential quality gold speculation you could take advantage of RIGHT NOW for enormous potential gains. Best of all, we think it's a low-risk and high-reward opportunity.
2. Doug's unique approach for establishing a low-risk portfolio with 1,000% upside potential.
3. The ultimate guide to preserving your wealth in this environment with precious metals in the safest jurisdiction.
4. The single most important system that Doug uses for picking and investing in lucrative resource and precious metals stocks.

Bonus Report #1
International Man's Number One Speculation for Life-Changing Profits
https://internationalman.com/wp-cont...-v2-bonus1.jpg

There is only a limited number of quality speculations available.
What you don't hear about in the mainstream media is that smart investors are flooding into them—out of both prudence and potential for enormous upside.
As the serious money begins to come into them, investors who take a position now could turn their dimes into dollars.

But the crucial part is getting in ahead of the masses. Otherwise, it might be too late.
Our new report—"International Man's Number One Speculation for Life-Changing Profits"—has our thoughts on a high-potential, yet little-known gold speculation which is set to soar in the weeks ahead.

It contains a lesser-known opportunity in the gold market that you likely won't hear about anywhere else.
This urgent report can be yours FREE.

Bonus Report #2
A Low-Risk Portfolio with 1,000% Potential
https://internationalman.com/wp-cont...-v2-bonus2.jpg

Inside this special report, legendary speculator Doug Casey uncovers his unique "10 x 10" approach to help you become a more successful speculator.
It's an investment strategy with the potential to make you a fortune while minimizing your risks.
Honestly, this report alone could be worth over $1,000, as it contains all the secrets and investing techniques Doug has mastered over the years.
The information inside could save you many thousands of dollars during times of market volatility.

Bonus Report #3
How to Keep Your Wealth Safe and Within Reach
https://internationalman.com/wp-cont...-v2-bonus3.jpg
The International Man team reveals how to protect yourself from wealth confiscation. It is the authoritative guide to investing in precious metals and, critically, keeping them safe once you've bought them.
It includes a full analysis of our trusted resources. We show you the best ways to buy and store gold—and other precious metals—in the most favourable jurisdictions.

Bonus Report #4
The Nine Ps of Resource Stock Evaluation
https://internationalman.com/wp-cont...-v2-bonus4.jpg
Inside, you'll find Doug Casey's secret to finding winning natural resource stocks. It's the ONE report you need to understand how Doug consistently finds the next junior mining stocks set to deliver enormous profits.

Crucially, this report will also show you how to avoid the most common mistakes while investing in this lucrative but volatile space. That information alone could save you thousands of dollars.

Get Access Right Now

Activate Your Subscription and Access All Premium Reports, Recommendations, Archives, and Stock Picks
Simply click the subscribe button below to claim your subscription to Doug Casey and David Stockman's Contrarian Insider.
To sum up, here's everything you'll receive as an elite member of Contrarian Insider:

1. 12 monthly issues of David Stockman and Doug Casey's Contrarian Insider
2. Full Access to the Contrarian Insider's portfolio of stock recommendations
3. International Man's Number One Speculation for Life-Changing Profits
4. Doug Casey's Low-Risk Portfolio with 1,000% Potential
5. The Ultimate Guide to Keeping Your Wealth Safe and Within Reach
6. Doug Casey's Guide to Picking the Best Resource and Gold Mining Stocks
7. Doug Casey's International Man Communique, a BONUS briefing three times per week

https://internationalman.com/wp-cont...4/ipads-v2.jpg

This kind of high-end investment research and access to information from insiders of this calibre is usually reserved for the super-rich and well-connected.
It could easily cost you many thousands of dollars.

But don't worry… You won't pay anywhere near that today.
There's actually a simple reason for that…

Doug Casey and David Stockman have already made their fortunes long ago.
They don't need to keep this information to themselves or sell it for an outrageous price.
They're sharing their expertise, their insight, their recommendations, and their connections because they want to help real people profit from what could be the biggest gold bull market in history.

That's why we're able to make an annual subscription to Doug Casey and David Stockman's Contrarian Insider available for just $199 per year.
That's roughly $0.55 a day… mere peanuts compared to the profit potential it has.

Due to the sensitive nature of the opportunities in Contrarian Insider—and the ultra-low price we're offering—there will be no refunds on this offer.
However, we're confident you'll see the value in our work right away.

We serve over 100,000 subscribers. Here is what some of them have to say:
Doug Casey and friends, thank you for well-written articles that are thought-provoking and informative. Sources are rare that offer sound, objective advice that actually provide a wealth of wisdom in viewing current world events and how to not only position oneself, but to think outside the box... I will definitely subscribe to your paid services.
— BEN S

I am writing to you regarding the excellent article by David Stockman on ‘How the Deep State Really Works.’ This article should be available to the public at large.
— SV

The experience and the thinking (and the powers of observation) behind this are obvious to any intelligent person, whether they invest or not. Bravo!
— EMILY E

I crave the next edition of International Man.
— DUSTIN E

David Stockman isn’t going to be offered a job by the mainstream media, but that’s not a bad thing.
— GAR A

Thank you. This is absolutely brilliant.
— ELMAR E

At just $0.55 a day, you have practically nothing to lose.

We probably won't be able to offer such a low price forever.
If you decide to leave now, we can't guarantee you'll be able to get this price.
But you can lock in this super-low price by acting today before the price goes up.

A Special Instant Access Bonus…
If you’ve made it this far, I know you’re interested in this special invitation.

So this special INSTANT ACCESS BONUS will help you make the right decision.

INSTANT ACCESS BONUS
Welcome to the Greater Depression—A Special Report by Doug Casey
https://internationalman.com/wp-cont...Depression.jpg

The people who wind up wealthy in the turbulent times ahead will, predictably, be those who understand what’s going on.

How will this economic catastrophe play out?

Who and what caused it?

How long will it last?

How will it end?

And most importantly:

What should I do today to set myself up to thrive and prosper no matter what happens to America and the US economy?

Legendary crisis investor Doug Casey has the answers and shares them in this exclusive report.

This special INSTANT ACCESS BONUS is a reward for the people who ACT NOW.

It’s limited to the first 25 people who accept this special invitation today.

I hope you won't delay and miss out on potentially massive profits.

Click Here Now to Claim Your Instant Access Bonus…

The One Thing You Need to Do Right Now

The gold market is moving rapidly—and you don’t want to get left behind.
It’s a once in a lifetime opportunity to make transformational profits… but only for the select few who are properly prepared.
You need to act quickly—events are unfolding at a rapid pace, and the window of opportunity is closing.

The sooner you position yourself for protection and profit, the better.
In all humility, we don't think you can afford to go without Doug Casey and David Stockman's Contrarian Insider any longer as we plunge into the genuinely dangerous times ahead.

Fail to act now and you could see your savings devastated and miss out on what we think could be life-changing speculative opportunities.
Get immediate access by clicking the Subscribe Now button below.
Sincerely,
Doug Casey's International Man

CLICK HERE TO SUBSCRIBE NOW

P.S. The chances are high that certain gold stocks could quickly soar 5x, 10x, or even much higher… but only if you choose the best companies.

Doug Casey and David Stockman's Contrarian Insider will show you what you need to do today.
In drastic situations like this, where markets move quickly, it's necessary to be positioned beforehand… if you're even a minute too late, you could see your money evaporate and miss out on incredible speculative opportunities.

If you're serious about protecting yourself and having a shot at investment returns most only dream of, then you need to act RIGHT NOW. Click the button below to access our recommendations that you can act on immediately.

CLICK HERE TO SUBSCRIBE NOW


https://internationalman.com/wp-cont...ransparent.png
Copyright 2025 International Man
All Rights Reserved
Terms and Privacy

https://www.whatdoesitmean.com/logo322.jpg
World's Largest English Language News Service with Over 500 Articles Updated Daily
"The News You Need Today…For The World You’ll Live In Tomorrow."

What You Aren’t Being Told About The World You Live In

How The “Conspiracy Theory” Label Was Conceived To Derail The Truth Movement

How Covert American Agents Infiltrate the Internet to Manipulate, Deceive and Destroy Reputations

October 2, 2025
Russia Warns Transfer Of American Tomahawk Missiles To Ukraine Will Be Declaration Of War

By: Sorcha Faal, and as reported to her Western Subscribers

A beyond foreboding new Security Council (SC) report circulating in the Kremlin today first noting socialist European Union and NATO bloc leader Hungarian Prime Minister Viktor Orban warned: “The EU leadership appears intent on pushing the bloc into a war with Russia”, says this warning was joined with the news: “A Norwegian-led training center for Ukrainian soldiers opened in southeastern Poland on Wednesday” and the Wall Street Journal revealed: “The U.S. will provide Ukraine with intelligence for long-range missile strikes on Russia’s energy infrastructure...President Trump recently signed off on allowing intelligence agencies and the Pentagon to aid Kyiv with the strikes...U.S. officials are asking North Atlantic Treaty Organization allies to provide similar support”.

As President Donald Trump and his socialist European allies near igniting World War III with Russia, this report notes, United States Marine Corps combat veteran Alexander Oakes grimly observed: “The West, and the US in particular, has had a major part to play in the escalation of this war, which could, potentially, spark World War III...Like it or not, the US is, in fact, culpable in the hyper-aggressive behaviour of Russia...And to make matters worse, since America’s leaders do not appear to truly understand the root cause of Putin’s actions, most recently demonstrated by President Trumps failure in achieving peace within Eastern Europe and bold claims of increased military aid to Ukraine, much like trying to put out an oil fire with water, the more our leaders try to incentivize Putin to calm down by arming and funding Ukraine, they are actually only fueling the flames of the conflict”.

In further fueling the flames of the conflict, this report continues, it was gravely revealed: “France appears to have grabbed the war-flag and is leading the charge in stirring up an expanded confrontation with Russia...The French Navy detained the tanker Boracay off the country’s coast on Tuesday, allegedly from the so-called Russian shadow fleet...In tandem with this, the French Army Chief of Staff announced that French troops must be ready for the start of intense warfare as early as tonight”.

While the socialist Western colonial powers prepare for the start of intense warfare against Russia, this report details, the Ministry of Defence (MoD) announced today: “The Russian army launched a massive strike on Ukrainian Armed Forces targets in Ukraine...The military struck transport infrastructure that ensured the operation of military-industrial complex enterprises; assembly and storage locations for long-range drones; temporary deployment points for troops and foreign mercenaries in 138 regions; ammunition depots...The armed forces used aircraft, attack UAVs, missile forces and artillery for the attack”.

Along with Foreign Minister Sergey Lavrov openly voicing that it is highly doubtful that President Trump would send long-range nuclear-armed capable Tomahawk cruise missiles to Ukraine, this report concludes, top Kremlin military analyst Igor Korotchenko bluntly warned: “The transfer of American Tomahawk missiles to Ukraine will be a declaration of war on Russia by the United States and Great Britain”.

[Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]


https://www.whatdoesitmean.com/pwr21.png

October 2, 2025, EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked to its source at WhatDoesItMean.com. Freebase content licensed under CC-BY and GFDL.

[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human being’s right to know the truth. Due to our mission’s conflicts with that of those governments, the responses of their ‘agents’ have been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exemplified in numerous places, including HERE.]

[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green (1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]

[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]

Trump Is Prepared To Shock The World Warning Issued

Reality Of Charlie Kirk Murder Available For Purchase At The Pick Your Truth Bazaar

Return To Main Page

WWW.AVIELFOREXLEARNINGEDGE.COM

https://www.whatdoesitmean.com/logo322.jpg


World's Largest English Language News Service with Over 500 Articles Updated Daily
"The News You Need Today…For The World You’ll Live In Tomorrow."


What You Aren’t Being Told About The World You Live In

How The “Conspiracy Theory” Label Was Conceived To Derail The Truth Movement

How Covert American Agents Infiltrate the Internet to Manipulate, Deceive and Destroy Reputations

October 3, 2025

California Refinery Attacked After Trump Warns Congress Of Non-International Armed Conflict
By: Sorcha Faal, and as reported to her Western Subscribers

A thought-provoking new Security Council (SC) report circulating in the Kremlin today first noting President Putin gave a major speech on international issues at the Valdai Forum yesterday, says in remarks following his speech, he warned about the grave dangers of the United States providing long-range Tomahawk missiles to Ukraine—and was warning quickly followed by the news: “The U.S. is unlikely to provide Ukraine with Tomahawk long-range cruise missiles, Reuters reported on Oct. 2, citing an unnamed U.S. official and three other sources familiar with the discussion”.

Also in his remarks, this report notes, President Putin branded as piracy France seizing a ship in neutral waters that was transporting Russian oil—and was designation of piracy on the high seas followed by the news: “An oil tanker detained by the French Navy while sailing from Russia has resumed its journey...According to Marine Traffic, the Benin-flagged ‘Boracay’ is now crossing the Bay of Biscay on its way to the Suez Canal after being released on Thursday evening”.

While watching the socialist European colonial powers vacillate between exclaiming Russia is weak and can’t even fight Ukraine, but is so strong Russian hoards are about to overrun all NATO countries, this report continues, President Putin advised during his speech yesterday: “EU leaders keep repeating the nonsense mantra that Russia is going to attack NATO countries...Honestly, all I want to say is: relax, sleep well, or address your own issues”.

Most certainly not relaxing or sleeping well, this report details, is President Donald Trump, who declared the United States is now at war with drug cartels deemed by the White House as terrorist groups and informed Congress yesterday: “The United States is in a non-international armed conflict with designated terrorist organizations”—a declaration of war that followed the United States government grimly warning: “The drug trafficking threat in Chicago encompasses virtually every aspect of the threat facing our nation—wholesale supply, transshipment, distribution, use, and money laundering—all of which are occurring at very high levels...The vast majority of illegal drugs distributed in Chicago are supplied by Mexican cartels, including the Sinaloa Cartel, Beltran-Leyva Cartel, Gulf Cartel, La Familia Michoacana, the Guerreros Unidos, and the Cartel de Jalisco Nueva Generación”.

Immediately prior to President Trump informing Congress that the United States is in a non-international armed conflict with designated Mexican cartel terrorist organizations, this report notes, it was revealed: “Customs and Border Protection asked for an unprecedentedly massive drone flight ban over Chicago due to a credible threat of small, unmanned aircraft systems being used against law enforcement during Midway Blitz...Midway Blitz is the name of the operation taking place in the Chicago area...The flight restriction extends for a 15-mile radius over the greater Chicago area and into Lake Michigan”.

Along with President Trump waging war against Mexican drug cartels in Chicago with the Midway Blitz operation, this report notes, he is also attacking their main base of operations in Los Angeles-California, and his federal officials gravely warned: “The Sinaloa Cartel’s reach is vast and unremitting..This ruthless cartel is intent on cashing in, permeating our communities with their poison, with no regard to human suffering”.

A few hours after President Trump informed Congress that the United States is in a non-international armed conflict, this report continues, it was revealed: “A massive fire erupted at an oil refinery in Southern California Thursday night...Firefighters were dispatched around 9:35 p.m. to the Chevron refinery in El Segundo after receiving calls of smoke in the area, according to authorities...Billowing smoke and orange flames could be seen in the sky for miles across the South Bay Area”—eyewitness Miguel Morales told Fox News Digital: “So I saw the sky turn orange, and I was just wondering, like, what the hell happened...What is that?...And then I saw the whole explosion happen...It was just like a whole mushroom cloud of fire...It just started popping up”—and was an eyewitness account that exactly matches those given by Russian peoples who daily watch Ukrainian Nazi unmanned drones attacking Russian refineries.

Kept from the American peoples knowledge by their leftist fake news media, but not to President Trump, as evidenced by his massive ban on drones over Chicago, this report concludes, was the grave news revealed last month: “Mexican media recently confirmed something many experts had already suspected: local drug dealers are sending representatives to fight for Ukraine...Citing sources familiar with the matter, the Mexican newspaper Milenio reported that one of the country’s largest drug cartels is acquiring advanced military capabilities, especially in drone warfare...This knowledge is due to the return of Mexican veterans from Ukraine after participating in the war to gain military experience”.

[Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]


https://www.whatdoesitmean.com/cnf22.png
https://www.whatdoesitmean.com/cnf21.png
https://www.whatdoesitmean.com/cnf23.png

October 3, 2025 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.

[Note: Many governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagree with in believing that it is every human being’s right to know the truth. Due to our mission’s conflicts with that of those governments, the responses of their ‘agents’ has been a longstanding misinformation/misdirection campaign designed to discredit us, and others like us, that is exampled in numerous places, including HERE.]

[Note: The WhatDoesItMean.com website was created for and donated to the Sisters of Sorcha Faal in 2003 by a small group of American computer experts led by the late global technology guru Wayne Green (1922-2013) to counter the propaganda being used by the West to promote their illegal 2003 invasion of Iraq.]

[Note: The word Kremlin (fortress inside a city) as used in this report refers to Russian citadels, including in Moscow, having cathedrals wherein female Schema monks (Orthodox nuns) reside, many of whom are devoted to the mission of the Sisters of Sorcha Faal.]

Trump Is Prepared To Shock The World Warning Issued

Reality Of Charlie Kirk Murder Available For Purchase At The Pick Your Truth Bazaar

Return To Main Page

WWW.AVIELFOREXLEARNINGEDGE.COM

Huge News From BRICS & Trump! If You Own GOLD or SILVER, WATCH THIS NOW - Macleod, Schectman & Rule




The global financial system is undergoing a quiet but seismic shift. The rise of BRICS nations, combined with the rapid development of alternative cross-border payment systems, is creating the foundation for a monetary order that bypasses the U.S. dollar. Central to this transformation is the expansion of the “mBridge" and BRICS Pay platforms, which enable instant cross-border settlements at a fraction of the traditional costs. More importantly, these systems are increasingly being tied to gold, not dollars, through multi-jurisdictional vaults from Hong Kong to Saudi Arabia.

This represents a step toward a gold-anchored settlement mechanism that could eventually challenge the very trust backing fiat currencies. Andy Schectman, a precious metals strategist and CEO of Miles Franklin; Rick Rule, a veteran investor with decades of resource market experience; and Alasdair Macleod, a leading economist and head of research at Goldmoney highlight how BRICS nations are not only consolidating their own financial strength but opening the door for nearly three-quarters of the global population to settle trade outside the dollar system.

What once looked like a distant possibility is now a practical reality, gaining momentum day by day. As U.S. deficits balloon and the weaponization of the dollar intensifies, alternative systems backed by gold are rising in legitimacy. Ignoring these shifts is no longer an option for serious investors. The global currency landscape is shifting, with the U.S. dollar remaining the leading reserve currency but increasingly vulnerable to erosion. While it may continue to outperform weaker fiat peers such as the euro, yen, and sterling, its long-term purchasing power is steadily declining.

Massive fiscal deficits, persistent inflation, and structural imbalances within the global economy point toward an inevitable devaluation. For many observers, the dollar's relative strength is less important than its absolute weakness when measured against tangible assets, such as gold. Gold stands apart as a medium of exchange and store of value that is not tied to political constituencies or central bank obligations. Unlike fiat currencies, which depend on credit and balance sheet entries, gold represents final settlement without counterparty risk.

Silver, too, offers a compelling opportunity, particularly for those who understand its leverage potential in both physical form and through mining equities. As global credit bubbles expand beyond sustainable levels, the risks of collapse grow larger, echoing crises even more severe than the 1929 crash. The solution lies in reducing reliance on debt-based instruments and seeking shelter in assets with intrinsic value.

WWW.AVIELFOREXLEARNINGEDGE.COM

The Global Financial Reset Is Right Around the Corner.



Maneco64 Merch Store and the Rudy Collection: https://www.vibecraftai.com/RudyColle...

Keep your possessions safe with The Dirtyman Safe - Use the maneco10 promo code for a 10% discount: https://affiliates.dirtymansafe.com/m...

Where to Buy Precious Metals: In North America: Miles Franklin Precious Metals Investments: send an email to [email protected] and mention Mario or maneco64, or call 1-800-822-8080 or visit: https://milesfranklin.com/maneco64/

In the U.K. but will ship worldwide: Contact Oliver Temple or Simon Temple at Gold Investments: Use promo code maneco64krug to get a 1% discount on 1 troy ounce gold Krugerrands at https://www.goldinvestments.co.uk/ For all other products use promo code maneco64 separately for a 0.5% discount GlintPay App, Save and Spend in Gold and buy and store silver: Promo code MARIO79 gives new users free card delivery worth $10 or £7.99 for those in the U.K. SUPPORT the Channel: Paypal: https://paypal.me/maneco64?country.x=...

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. You must conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you, I earn a commission if you click through and make a purchase. However, I only recommend products or services that I believe in.

WWW.AVIELFOREXLEARNINGEDGE.COM

https://yt3.ggpht.com/LiaqL1sA5h4jVt...00ffffff-no-rj
maneco64
151K subscribers

Prepare For MASSIVE GOLD & SILVER Shortages (PANIC is coming) | Alasdair Macleod



Check out Alasdair Macleod's Substack HERE: https://www.macleodfinance.com/

Follow me on X: https://www.gstatic.com/youtube/img/...tter_1x_v2.png / capitalcosm Business inquiries: [email protected]

Disclaimer: The content provided in this video is for informational purposes only and is not intended to constitute financial advice. The creator of this video is not a licensed financial advisor, and the information presented should not be considered as professional financial, investment, or legal advice. Viewers are encouraged to conduct their own research and consult with qualified professionals before making any financial decisions. The creator does not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any actions taken based on the content of this video.

All investments involve risks, and individuals are solely responsible for their own financial decisions. DISCLAIMER: This description may contain affiliate and sponsored links. Copyright 2025 CapitalCosm, LLC All rights reserved.

#alasdairmacleod #gold #goldprice #silverprice #marketcrash #capitalcosm

How this content was made
Auto-dubbed
Audio tracks for some languages were automatically generated.

WWW.AVIELFOREXLEARNINGEDGE.COM

https://www.mauldineconomics.com/fro...ig-debt-cycles



https://images.mauldineconomics.com/...ogo/logo-2.png

c

EDITED BY BWM USING GRAMMARLY - OCTOBER 4, 2025, at 9:10 A.M.

https://images.mauldineconomics.com/...51004-TFTF.png
Big Debt Cycles

1. https://images.mauldineconomics.com/...din-square.jpg
2. John Mauldin
3. October 3, 2025|
4. View PDF

Debt Feels Good
Cycles Within Cycles
Stages of Grief
The Inner Circle
Lost in Transcription
Birthdays, Atlanta, New York, and Tulsa


Debt is a curse that can also be a blessing, depending on how the borrower uses it. Sadly, human nature seemingly ensures we often use debt unproductively—and not just as individuals. Governments have their own special way of using debt to buy benefits (and votes?) today that future generations will pay for.
I have said in these letters for some years that we are headed toward a global sovereign debt crisis. I just see no way around it. We’ve delayed the day of reckoning many times in many ways, but we can’t postpone it forever.

Today I’m beginning a series of letters on Ray Dalio’s newest book, How Countries Go Broke. In his usual systematic way, he describes the process by which societies create credit, then misuse it, and ultimately liquidate it. As Ray shows through historical examples, it’s a repeating process that typically takes about 80 years to unfold. Like me, Ray expects a sovereign debt crisis. Unlike me, he is a little bit more comfortable beginning to put dates around it.

Ray’s “Big Debt Cycle” is a subset of the larger “Big Cycle” of history he described in earlier books, and which I described in two 2023 letters (Part 1, Part 2). I find these ideas fascinating because they resemble those of others like Neil Howe, Peter Turchin, Martin Gurri, and George Friedman. Despite different starting points, they all conclude that a crisis period is either approaching soon or already underway.

I highly recommend reading How Countries Go Broke. You will learn a lot about debt, central banking, and how the economy works. You’ll learn far more from the book itself than you will from my summary and comments. This may take a few weeks, but it’s important.
Today we’ll start at the beginning and see how far we get.

Debt Feels Good
You’ll get more value from Dalio’s book (or any book, really) if you know a little about the author’s perspective. Ray comes at this not as a historian or economist, but as a successful investor. Specifically, he is a trader. What do traders do? They look for patterns and find ways to exploit them.
Some of you do this yourselves. You watch a given market and observe that certain conditions often lead to buying or selling opportunities. Typically, a “set-up” opens the door, then a “trigger” is your signal to act. The debt cycle Ray describes works similarly: One thing leads to another… and another, and another. This isn’t a new idea, but Ray’s approach is a lot more practical than trying to decipher the vagaries of the Kondratiev Cycle (among scores of possibilities), like many were doing in the 1980s.

Before going further, we need to keep some foundational concepts in mind.
The first is the difference between money and credit. Money is a widely accepted medium of exchange. You give it to someone else in exchange for whatever goods or services you want to buy. At that point, the transaction is over. You each fulfilled your agreement. Also important: The money pre-existed the transaction. The dollars, yen, gold, bitcoin, or whatever you used were already there before you made your deal.

Credit isn’t money. It is a promise to deliver money in the future under defined conditions. Any two parties can create credit. It’s easy: You give me something now, and I agree to give you money next year. New credit just came into existence. Dalio says this simplicity is why credit tends to be overused and eventually gets out of hand.

The second key point: Credit is naturally cyclical. Dalio explains why early in the book.
“Credit is the primary vehicle for funding spending, and it can easily be created. Because one person’s spending is another’s earnings, when there is a lot of credit creation, people spend and earn more, most asset prices go up, and almost everyone loves it. As a result, central governments and central banks have a bias toward creating a lot of credit.

“Credit also creates debt that has to be paid back, which has the opposite effect—i.e., when debts have to be paid back, it creates less spending, lower incomes, and lower asset prices, which people don’t like.
“In other words, when someone (a borrower-debtor) borrows money (called principal) at a cost (an interest rate), the borrower-debtor can spend more money than they have in earnings and savings over the near term.

“But over the long term, this requires them to pay back the principal plus interest, and when they have to pay it back, it requires them to spend less money than they have. This dynamic is why the credit/spending/debt-paying-back dynamic is inherently cyclical.”
I’ve made a similar point by describing debt as “future spending pulled forward in time.” Debt lets us have our cake now and pay for it later. Eating cake is more fun than paying for cake. Debt thus front-loads pleasure and defers pain.

The swings between those two extremes are a repeating pattern because memories fade or people think “this time is different.” Then they make the same mistakes again.

Cycles Within Cycles
Dalio’s debt cycle consists of smaller cycles within a larger one. What he calls “The Short-Term Debt Cycle” resembles what most of us think of as “the business cycle.” It’s not quite the same, but close enough for our purposes.
These periods begin with an environment where credit is readily available, due to both market forces and central bank responses to the previous cycle. Low inflation and slower economic activity produce low real interest rates. This encourages borrowing and investment in new production.

Like what you're reading?
Get this free newsletter in your inbox every Saturday! Read our privacy policy here.

Inflation and growth then rise, as do asset prices (stocks, real estate, etc.) until they become too high relative to inflation rates and the return on other investments. A slowdown follows, everything reverses, and the cycle begins again. These cycles usually last about 3–9 years, so they occur fairly regularly, but they’re still hard to predict precisely.

Dalio’s insight is that these short-term cycles build on each other. The bottoming process at the end of each cycle liquidates some debt, but not all of it. Dalio explains (my emphasis):
“Because credit is a stimulant that creates a high, people want more of it, so there is a bias toward creating it. This leads debt to rise over time, which typically leads to most of the short-term cyclical highs and lows in debt being higher than the ones before. These add up to create the long-term debt cycle, which ends when it becomes unsustainable.”

This means the short-term cycles grow increasingly more tenuous as the Big Debt Cycle progresses. Dalio explains:
“The capacity to take on more debt is different early in the Big Debt Cycle when debt burdens are lower and there is more potential for debt/credit to be able to fund highly profitable endeavours than it is later in the Big Debt Cycle when debt burdens are higher, and lenders have fewer productive options…
“In that early stage, it is easy to borrow—even to borrow a lot—and pay it back. These early short-term debt cycles are primarily driven by the previously described availability and economics of borrowing and spending, and also a lingering cautiousness brought about by memories of the pain of the most recent time when money was tight.

“Early in the Big Debt Cycle, when debts and total debt service are relatively low in relation to incomes and other assets, increases and decreases in credit, spending, debt, and debt service are primarily determined by the previously described incentives with less risk. But late in the Big Debt Cycle, when debts and debt service costs get high relative to income and the value of other assets that can be used to meet one’s debt service obligations, the risks of default are higher.”
Let’s stop here for a quick note. Default risks grow as the Big Debt Cycle progresses, but something else grows, too: government and central bank efforts to keep the credit flowing. These work for a while, but make the ultimate crisis even worse. Dalio will have more to say on that later.
Resuming (emphasis mine):

“Also, late in the Big Debt Cycle, when there are a lot of debt assets and liabilities relative to income, the balancing act of trying to keep interest rates high enough to satisfy lender-creditors without having them too high for borrower-debtors becomes more challenging. That’s because one person’s debts are another’s assets, and both must be satisfied. So, while short-term debt cycles end because of the previously described economic considerations, long-term debt cycles end because the debt burdens are too great to be sustained.
“Said differently, because it is more enjoyable to borrow and spend, if one isn’t careful, debt and debt service can grow like a cancer, eating up one’s buying power and squeezing out other consumption. This is what makes the long-term Big Debt Cycle.”

Note: It is too easy to read some of Ray’s quotes and think about private debt. Because it does describe that well. But that is not the current problem. Today’s excesses are more about public and sovereign debt, mostly in the US, but it is the same problem all over the developed world.
Dalio shows how this same Big Debt Cycle pattern recurs across history and all around the world. Americans may have built a bigger bubble, but at the core, we’re not doing anything new. Every cycle creates unsustainably large amounts of debt relative to the amount of money and other assets in existence at that time.
Dalio says it well: “A debt crisis occurs when there have been more promises made than there is money to deliver on them.”

Stages of Grief
The short-term debt cycles get worse and worse until finally one of them is so bad, it ends the Big Debt Cycle, too. What triggers this?
Dalio says the main factor is the central bank’s ability to turn the cycle around. In the initial stages, they can force enough money and credit into the economy to reverse the depressed/disinflationary state and generate more growth. But eventually, debt grows so overwhelming that this no longer works. Dalio critically describes it this way:
“The Big Debt Cycle moves from sound/hard money and credit to increasingly loose money and credit to a debt bust that leads to a return to sound/hard money and credit brought about by necessity.

“More specifically, at first there is healthy borrowing by the private sector that can be paid back; then the private sector overborrows, has losses, and has problems paying it back; then the government sector tries to help, overborrows, has losses, and has problems paying it back; then the central bank tries to help by ‘printing money’ and buying the government debt, and has problems paying it back, which leads it to monetize a lot more debt if it can (i.e., if the debt is denominated in a currency that it can print).”
He then breaks this process into five stages, describing each in turn.

1. The Sound Money Stage:

“When net debt levels are low, money is sound, the country is competitive, and debt growth fuels productivity growth, which creates incomes that are more than enough to pay back the debts. This leads to increases in financial wealth and confidence.”
As this stage begins, money is “sound” in the sense that it’s both widely accepted as a medium of exchange and has some kind of hard value that makes it a storehouse of wealth. This ends as people create too much debt relative to the value of the real things that give money its value.

1. The Debt Bubble Stage

“When debt and investment growth are greater than can be serviced from the incomes being produced.”

1. The Top Stage

“When the bubble pops and there is a debt/credit/market/economic contraction.”

The situation worsens quickly when a sufficient number of borrowers find their income can no longer service their debts. Dalio explains:
“When the bubble pops, a self-reinforcing contraction begins, so the debt problems spread very quickly, like an aggressive cancer, so policy makers need to deal with it quickly, either to reverse it or to guide the deleveraging to its conclusion. In most cases, the debt contraction can be temporarily reversed by giving the system a heavy dose of what caused the debt problem—i.e., by creating more credit and debt.”

Read that last sentence carefully. A debt contraction can be temporarily reversed by… doubling down on what caused the problem in the first place. Kind of like using Jack Daniels to cure a hangover (right, like you’ve never done that! ��). Obviously, this is not a great solution, but it does buy some time.

1. The Deleveraging Stage

“When there is a painful bringing down of debt and debt service levels to be in line with income levels, so that the debt levels are sustainable.”
The deleveraging stage gets ugly as lenders desperately try to convert their debt holdings into some kind of real money. This is where we see “bank runs,” both figurative and sometimes literal. Remember, your checking and savings accounts are loans from you to the bank. We saw as recently as 2022, with the Silicon Valley Bank episode, how quickly confidence can collapse.

This stage is also when rescue efforts become increasingly futile and then desperate.
“Often in this deleveraging stage of the cycle, there is a ‘pushing on a string,’ a phrase coined by policy makers in the 1930s. It occurs late in the long-term debt cycle when central bankers struggle to convert their stimulative policies into increased spending because savers, investors, and businesses fear borrowing and spending and/or there is deflation, so the risk-free interest rate that they are getting is relatively attractive to them. At such times, it is difficult to get people to stop saving in ‘cash’ even when interest rates go to 0% (or even below 0%).”

Worse, as people realize how bad the problems are, they naturally reduce their spending. But Dalio reminds us that one person’s spending is another person’s income. This makes the situation even worse.

The endgame is some kind of debt resolution, which can take many forms. Defaults, restructuring, and devaluations are all on the table. Dalio shows how it’s possible to do this in a way that minimizes everyone’s pain (more on that in a coming letter). But by this point, the capacity to make good decisions is greatly diminished, so deleveraging often occurs the hard way.
I think there will be more than just restructuring and devaluations when the crisis actually gets going. In the US and UK, and other advanced economies, it is going to be a combination of painful spending cuts and increased taxes. Everything will be on the table. And I can guarantee you won’t be happy with most of it. (One of the few guarantees I feel comfortable with writing about in an investment newsletter.)

1. The Big Debt Crisis Recedes

“When a new equilibrium is reached, and a new cycle begins.”
The final stage may sound like some kind of relief, but the work isn’t over. Lenders who have just experienced major losses in the deleveraging are naturally reluctant to lend again. They have to be encouraged, which happens only when the government and central bank take serious action toward restoring their lost credibility.

This will be even more true in our current cycle, given that the government is both the largest debtor and positioned to dictate the deleveraging process. I don’t know how this will unfold, but it has the potential to go very badly.
I’ll stop there since I’ve given you a lot to chew on. Next week, we’ll look at what Dalio says about central bank policy in the Big Debt Cycle—what they usually do and what they should do. Which is, unfortunately, rarely the same thing.

The Inner Circle
Over the last six months, we first polled readers about their interest in being part of a more exclusive “Inner Circle” of my readers. We were rather overwhelmed with the positive response.
We are in the process of interviewing and selecting members, but from some of my recent travels, I have learned on numerous occasions that not everyone who would like to be in this new group actually clicked on the link in their email inviting them to start the process.

We can correct that. If you click on this Inner Circle link, you can put in your name and email address, answer a few questions, and then one of the management team members will get back to you. As the webpage notes, our first meeting will be in New York on November 10–11. I would love to see you there.

Lost in Transcription
Last week, I mentioned I had recently recorded a different type of podcast with my friend David Bahnsen. Some readers asked for a transcript. I actually prefer transcripts because I can read faster than I can listen.

As a reminder, in this podcast I basically assumed an old role, that of investigating a new money manager, probing to find out what makes them different from the literally tens of thousands of choices available. I asked the hard questions so that you can get insight into the philosophy that drives what I think is one of the most successful wealth management services in the country.

There is a reason that they have grown tenfold in the past 14 years—not just outstanding results, but some of the best customer service and the ability to take small clients right on up to the largest family offices and provide the services tailored to meet their needs. You can watch the podcast here.


https://images.mauldineconomics.com/...51004-TFTF.png
Click here to view the podcast

You can get the transcript here.

For the thousands of you who watched the video, or if you are looking for a different approach to managing your wealth, and if you would like to talk with a representative of The Bahnsen Group, you can do so by clicking here.

I also recommend you subscribe to David’s Dividend Café, which is a daily must-read for me that not only keeps me up with market news, but gives me the philosophical understanding about what’s happening, helping me separate the true signal from the noise. You can subscribe to Dividend Café here.

Birthdays, Atlanta, New York, and Tulsa
While you are reading this on Saturday, October 4, I will be turning 76. On Sunday, I fly to Atlanta to talk with a potential longevity clinic partner. The next scheduled trip is to New York for the Inner Circle gathering on November 10, then Tulsa for Thanksgiving, but I’m sure there will be other quick trips.

Reading Dalio reminds me of the other writers who are talking about the same endpoint but from different perspectives. And then I put that in the context of my latest grandson (Stetson) being born in late November. What world will he and his currently 9 fellow grandkids grow up in? In one sense, it is a good time to grow up. By the time all but my oldest grandkids reach adulthood, the debt cycle/crisis will have passed, and even with the obvious difference in technology, it will be more like growing up in the ’50s and ’60s. Even with all the unrest, those generations really prospered.

The counter to that is my kids will go through a fin de siècle crisis in what should be their most productive years. It will make for an interesting Thanksgiving.
And with that, I will hit the send button. You have a great week and spend more time with friends and family.

You're fascinated with cycles and grandchildren analyst,
https://images.mauldineconomics.com/.../signature.png
John Mauldin
P.S. If you like my letters, you'll love reading Over My Shoulder with serious economic analysis from my global network, at a surprisingly affordable price. Click here to learn more.

Put Mauldin Economics to work in your portfolio. Your financial journey is unique, and so are your needs. That's why we suggest the following options to suit your preferences:

1. John’s curated thoughts: John Mauldin and editor Patrick Watson share the best research notes and reports of the week, along with a summary of key takeaways. In a world awash with information, John and Patrick help you find the most important insights of the week, from our network of economists and analysts. Read by over 7,500 members. See the full details here.
2. Income investing: Grow your income portfolio with our dividend investing research service, Yield Shark. Dividend analyst Kelly Green guides readers to income investments with clear suggestions and a portfolio of steady dividend payers. Click here to learn more about Yield Shark.
3. Invest in longevity: Transformative Age delivers proven ways to extend your healthy lifespan, and helps you invest in the world’s most cutting-edge health and biotech companies. See more here.
4. Macro investing: Our flagship investment research service is led by Mauldin Economics partner Ed D’Agostino. His thematic approach to investing gives you a portfolio that will benefit from the economy’s most exciting trends—before they are well known. Go here to learn more about Macro Advantage.

Read important disclosures here.

Click here to get Thoughts from the Frontline in your inbox every Saturday.
Permalink: https://www.mauldineconomics.com/fro...ig-debt-cycles
Comments Temporarily Unavailable:
We’re building a new, easier-to-use system to replace our community app. Comments aren’t available on this article for now—but that will change soon. Thanks for your patience!

https://images.mauldineconomics.com/.../tftf-logo.png
Recent Articles
Disruptive Thoughts

1. September 26, 2025

The Rules Have Changed

1. September 19, 2025

Modern-Day Punchbowls

1. September 12, 2025

Housing Headaches and More

1. September 5, 2025

A Philosophy of Investing

1. August 29, 2025

Archive
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001

Thoughts from the Frontline
Follow John Mauldin as he uncovers the truth behind and beyond the financial headlines. This in-depth weekly dispatch helps you understand what's happening in the economy and navigate the markets with confidence.

Let the master guide you through this new decade of living dangerously
John Mauldin's Thoughts from the Frontline
Free in your inbox every Saturday

By opting in, you are also consenting to receive Mauldin Economics' marketing emails. You can opt out of these at any time. Privacy Policy

1. https://images.mauldineconomics.com/.../Twitter-X.svg
2. Terms of Use
3. Important Disclosures
4. Privacy Policy
5. Contact Us

Copyright 2025 Mauldin Economics. All rights reserved.
Community Powered by Mighty Networks (Terms | Privacy Policy)

A recent post from Daniel Lacalle, “How Keynesians Got The US Economy Wrong Again,” exposed the widening gap between John Maynard Keynes’ economic theory and reality. Despite the confident forecasts of leading Keynesian economists, the U.S. economy in 2025 continues to defy expectations. The Federal Reserve’s tightening cycle failed to trigger the widely predicted “hard landing,” and growth has proven more resilient. Simultaneously, inflation remains somewhat sticky, but still declining, and the economy refuses to follow the neat, linear pathways that textbook models suggest.

This latest embarrassment for Keynes’ orthodoxy is part of a much larger story. The failures aren’t isolated miscalculations but the predictable result of a flawed framework that policymakers have clung to for decades. Keynesian economics didn’t just “get it wrong” in 2025, but has repeatedly failed to deliver on its promises for over forty years. And the consequences are becoming impossible to ignore.

At its core, Keynesian economics is deceptively simple. When demand for the private sector falls, the government should borrow and spend to fill the gap. The idea is that temporary fiscal stimulus injections will smooth business cycles, reduce unemployment, and quickly return the economy to full capacity.

But the keyword here is temporary. John Maynard Keynes was clear: governments should run deficits during downturns and surpluses during expansions. The debt incurred to rescue the economy should be repaid once conditions normalize.

However, in practice, this discipline never materialized. Politicians discovered that voters liked stimulus but hated austerity. Since the 1970s, deficits have become a permanent feature of U.S. fiscal policy, regardless of the business cycle. The results are sobering: the U.S. national debt now exceeds 120% of GDP, entitlement programs are structurally underfunded, and each crisis requires larger interventions with diminishing economic benefits.



https://realinvestmentadvice.com/wp-...t-1024x591.png



The COVID-19 pandemic was the ultimate Keynes experiment. Between 2020 and 2022, the federal government injected over $5 trillion in fiscal stimulus into the economy, complemented by the Federal Reserve slashing interest rates to zero and expanding its balance sheet by $120 billion each month. According to the Keynesian model, this unprecedented monetary and fiscal stimulus should have ushered in a durable economic boom.

The Failure of Artificial Growth
However, as we noted in “MMT Was Tried And Failed,” the massive flood of stimulus temporarily boosted economic growth by “pulling forward” future demand but also created several problems.

“The most obvious problem was the impact of dramatically increasing demand on a supply-stricken economy. With the economy “shut down” due to Government-mandated restrictions, the flood of stimulus payments led to a demand boost. Given the basic economics of supply versus demand, prices rose. As expected, the implementation led to a massive surge in inflation. (Given most Americans have fixed healthcare and housing payments for a contractual period, the third measure shows what the cost-of-living is for most every month.)”

Crucially, inflation, excluding housing and healthcare, surged to nearly 12% during the pandemic-stimulus-infused spending spree. However, today, as the economy slows and the stimulus fades from the system, that inflation rate has declined to just 1.61%.



https://realinvestmentadvice.com/wp-...08/image-4.png



Secondly, the “economic boom” created by the demand-pull stimulus continues to disappear as the economy normalizes slowly back to roughly $3.50 in debt to make $1 of economic activity. Following the pandemic shutdown, the economy surged to unprecedented levels, nearing 17.5% nominal growth. In a shuttered economy, the byproduct of all that demand was an inflation surge to 40-year highs, peaking above 9% in 2022. Five years later, inflation continues to decline towards the Fed’s 2% target, but remains sticky as remnants of monetary and fiscal stimulus continue to flow through the system.



https://realinvestmentadvice.com/wp-...08/image-5.png


https://realinvestmentadvice.com/wp-...stodians-2.jpg


The Broken Transmission of Monetary Policy
A further failure of modern Keynesian policy is its overreliance on central banks. Through rate cuts and quantitative easing (QE), monetary stimulus has become the go-to solution for any economic slowdown. Yet the transmission mechanism between monetary policy and real economic activity has fundamentally broken. Artificial interventions and “MMT” failed to work in reality because the underlying transmission system failed.

“The promise of something for nothing will never lose its lustre. So MMT should be viewed as a form of political propaganda rather than any real economic or public policy. And like all propaganda, we must fight it with appeals to reality. MMT, where deficits don’t matter, is an unreal place.”

Meanwhile, the velocity of money, the rate at which money changes hands in the economy, while recovering somewhat from the economic shutdown, continues to trend lower. In other words, the Fed can inject liquidity but fails to circulate productively. The velocity trend does not provide an encouraging outlook for GDP growth.



https://realinvestmentadvice.com/wp-...site-vs-M2.png



Given the weakening economic growth rates and subsequently declining inflation, a direct reflection of weakening consumer demand, banks have little incentive to expand lending at current rates, especially in an environment of tighter regulations and poor credit quality.

One key problem is that Keynesian models assume a linear cause-and-effect relationship between government spending and economic output. They focus almost entirely on aggregate demand, neglecting critical dynamics like debt saturation, supply chain fragilities, and the feedback loops of global capital markets.

In today’s highly financialized economy, government spending does not circulate efficiently. As noted, much of it gets trapped in financial markets, inflating asset prices rather than stimulating productive investment. Ultra-low interest rates, another hallmark of Keynesian policy, discourage savings and encourage debt-fueled speculation. This distorts capital allocation, causing malinvestment in unproductive assets like meme stocks, speculative real estate, and unprofitable tech ventures.

Most benefits remain trapped in the top 10% of the economy, which owns roughly 88% of the inflation-adjusted financial assets.



https://realinvestmentadvice.com/wp-...2-1024x550.png



In other words, the wealthy retain the monetary injections while inflation taxes them away from the poor.
Mr. Lacallie highlighted this mismatch between Keynes’ theories and economic realities. As he noted, many mainstream economists repeatedly forecasted a 2023-2024 recession that never arrived, underestimated inflation persistence, and misread the impact of fiscal tightening. These forecasting errors expose deeper flaws in how Keynesians model the modern economy.



https://realinvestmentadvice.com/wp-...d-1024x113.png


Hayek’s Warnings Prove Prophetic
The Austrian school of economics, particularly Friedrich Hayek’s views, starkly contrasts with Keynesian thinking. Austrian economists believe that a sustained period of low interest rates and excessive credit creation creates a dangerous imbalance between saving and investment. In other words, low interest rates tend to stimulate borrowing from the banking system, which leads, as one would expect, to the expansion of credit. This expansion of credit, then, in turn, increases the supply of money.

Therefore, as one would ultimately expect, the credit-sourced boom becomes unsustainable as artificially stimulated borrowing seeks out diminishing investment opportunities. Finally, the credit-sourced boom results in widespread malinvestments. When the exponential credit creation is no longer sustainable, a “credit contraction” occurs, ultimately shrinking the money supply. The markets eventually “clear,” which causes resources to be reallocated towards more efficient uses.



https://realinvestmentadvice.com/wp-...ehold-Debt.png



Modern policymakers refuse to allow this natural process. Each downturn results in more aggressive stimulus, which only delays the necessary corrections. The result has been a relentless build-up of economic imbalances. Inefficient businesses survive on cheap debt, zombie firms proliferate, and innovation suffers. Each economic expansion is weaker than the last, and each recovery depends on larger interventions to stay afloat.

Perhaps the greatest misconception perpetuated by Keynesian economists is that debt-financed stimulus is a free lunch. In reality, servicing the debt and rising debt service costs become a significant economic headwind. The Congressional Budget Office projects that U.S. interest payments will exceed national defence spending in the coming years and approach $1.5 trillion annually by 2030. Of course, that is assuming that rates stay where they are currently. The next crisis, which has become more common since the turn of the century, will significantly lower rates. As shown, a reduction in rates by 1% would dramatically impact future liabilities.



https://realinvestmentadvice.com/wp-...08/image-6.png



This is not just a fiscal issue—it’s a macroeconomic drag. Spending dollars on interest payments diverts them from infrastructure, education, or productive investment. Worse, rising debt levels crowd out private investment, distort capital markets, and reduce the flexibility to respond to future crises.

Conclusion: Keynes’ Economic Theory Has Failed
For the last 40 years, each Administration and the Federal Reserve have continued to operate under Keynes’s monetary and fiscal policies, believing the model worked. The reality, however, is that most of the economy’s aggregate growth is financed by deficit spending, credit expansion, and a reduction in savings.

This reduced productive investment and slowed the economy’s output. As the economy slowed and wages fell, the consumer took on more leverage, decreasing savings. The result of the increased leverage required more income to service the debt, rather than fuel increased consumption.



https://realinvestmentadvice.com/wp-...08/image-7.png



Secondly, most government spending programs redistribute income from workers to the unemployed. Keynes’ economists argue that this increases the welfare of many hurt by the recession. What their models ignore, however, is the reduced productivity that follows a shift of resources toward redistribution and away from productive investment.

All of these issues have weighed on the overall prosperity of the economy. What is most telling is the inability of current economists, who maintain our monetary and fiscal policies, to realize the problem of trying to “cure a debt problem with more debt.”

This is why Keynes’ economic policies have failed, from “cash for clunkers” to “Quantitative easing.” Each intervention either dragged future consumption forward or stimulated asset markets. Pulling future consumption forward leaves a “void” in the future that must be continually filled. However, creating an artificial wealth effect decreases savings, which could be used for productive investment.

It’s time we wake up and realize we are on the same path.

Subscribe Now

WWW.AVIELFOREXLEARNINGEDGE.COM

Mises Wire

What Happened to the Profit and Loss System?


https://cdn.mises.org/styles/respons...?itok=c6UhVahW
Tags: Big Government, Cronyism and Corporatism, Financial Markets, Inflation

09/04/2025•
Mises Wire•Artis Shepherd

In a free market, the profit-and-loss system plays an essential role. It signals how resources should be allocated, enabling entrepreneurs to pursue productive avenues and make long-term plans. By the same token, a system of profit and loss identifies those entrepreneurs able to synthesize market information, gather required inputs at a certain cost, and sell the output above that cost. Good entrepreneurs are rewarded with profits while the bad entrepreneurs experience losses and ultimately fail.

However, by adding government intervention, the profit-and-loss system is distorted. In economies with significant intervention, that distortion can be overwhelming, as the signals provided by the profit-and-loss system are entirely drowned out by subsidization, inflation, price controls, artificially low interest rates, cronyism, and fraud.

As the signals become distorted, the results do as well. Capital is allocated to unproductive areas of the economy, political entrepreneurs gain primacy over market entrepreneurs, and the profit-and-loss system is replaced with an increasingly socialistic dynamic comprising central planning, welfare-warfare statism, and the obsolescence of individual productive drive and achievement.

All the Silliness Must Go
As of November 2024, nearly 45 percent—an all-time high, up from 14 percent in 1994—of Russell 2000 stocks generate negative earnings. Since 2014, price-to-earnings ratios for the S&P 500 have ranged between 20x and 30x, compared to the historical average of 16x, implying asset prices have decoupled from fundamentals amid ZIRP and QE. Michael Burry, of “Big Short” fame, tweeted in 2022:
This morning, there were still 218 primary stock listings in the United States with a market cap over $1 billion and [earnings] less than NEGATIVE $100 million…29 of them had market caps over $10 billion, totalling $655 billion…

Swaths of the investment management industry, including virtually the entire venture capital (“VC”) segment, make a business out of trading unprofitable companies, slapping progressively higher fiat valuations on them in hopes that a small portion will become objects of speculative fever and earn them enough to offset total losses elsewhere in their portfolio.

This is not advanced probability theory, as many VCs whine. Rather, the industry has abandoned even the pretense of critical business analysis, focusing instead on hype and marketing to pump up portfolio holdings, which they can subsequently offload onto indiscriminate public investors. Doing so has proven remarkably easy in the QE and ZIRP era. Venture capital, in turn, has become an unserious industry populated primarily by buffoons and charlatans.

By the same token, initial public offerings were once the domain of profitable companies. In the 1980s, around 90 percent of IPOs were profitable. That proportion fell to 70 percent in the 1990s and 14 percent during the 1999-2000 dot-com bubble. Since then, profitability has remained a second thought to IPO issuers and their investors, with the average year seeing only a third of IPO companies at profitability.

Lest we forget real assets, for the last several years, commercial real estate has offered prospective investors negative leverage—a condition where the interest rate to finance a commercial building is higher than the initial cap rate (profit divided by purchase price) on the asset. The magnitude is significant, with apartment buildings today typically yielding at least 100-150 basis points (1.0 percent to 1.5 percent) less than the interest rate on the debt used in acquiring them. While not the only factor in commercial real estate returns—especially if investors hold for longer periods—initial negative leverage of that magnitude makes profitability to equity holders extremely challenging.

Bullsh*t Earnings
In order to execute a proper analysis of profit and loss, prevailing terms must be understood. Unfortunately, capital markets are replete with performance metrics of all kinds, many of which are useless. A brief review is necessary, after which I will suggest a more useful metric for measuring true profitability.
EBITDA (earnings before interest, taxes, depreciation, and amortization) is a supposed measure of profitability that has become ubiquitous in capital markets, especially in public company reporting.

The metric came into fashion during the leveraged buyout (“LBO”) boom of the 1980s, when it was viewed as a reflection of unlevered operating earnings and thus a useful indication of how well a company could service the highly indebted capital structures entailed following an LBO transaction. Nonetheless, EBITDA caught on as a widely used metric for publicly traded companies. The problem is that interest, taxes, depreciation, and amortization may be significant expenses. Leaving them out paints an unrealistic picture of a company’s profitability.

As the late Charlie Munger—Warren Buffett’s long-time business partner—famously stated, if you encounter “…any presentation using the word EBITDA…just substitute the phrase ‘bullshit earnings…’”

Moving on from EBITDA, the public market standard for calculating “profit” is GAAP (generally accepted accounting principles) Net Income. This metric purports to communicate a company’s bottom-line earnings—the profits from a company’s sales after all expenses have been deducted. However, expenses within GAAP are defined somewhat loosely. A hypothetical example will illustrate.

A four-unit rental building earns $1,200 per month in rent while incurring maintenance costs of $400, property taxes and insurance of $500, and depreciation expense of $200. Damage caused by the local weather requires the roof to be replaced each month for $500. By GAAP standards, this building is profitable to the tune of $100 per month. GAAP counts roof replacement as a capital expenditure—not an expense—thus inflating profits. In reality, the building loses $200 per month.

Commercial real estate owners and brokers have, for years, treated their marketing materials in a similar fashion, shoving anything that could be deemed capital expenditure “below the line,” thus inflating their profitability and demanding prices in the sale market on that basis. A better computation is needed to look through GAAP Net Income and arrive at a more precise determination of business profitability.

Free Cash Flow, Properly Calculated
Free Cash Flow (FCF) or Free Cash Flow to Equity (FCFE) is a non-GAAP metric that may be more appropriate. It’s generally defined as Operating Cash Flow minus capital expenditure. However, even FCF is subject to accounting shenanigans. The use of stock-based compensation (SBC), for example, is an effective method of inflating reported FCF in a stock market bubble.

Rather than paying employees in cash, a company—especially one whose stock trades at a significant premium to fundamental value—can simply use its stock as currency, thus avoiding a reduction in the computation of FCF. And since stock prices are high, the dilutive effect of SBC is often negligible.

Publicly-traded companies now use SBC extensively. As a percentage of sales for companies in the Russell 3000 index, SBC increased over sixfold from 2006 to 2022, with most of that increase coming after the 2008-09 crisis.

In the S&P 500, reported SBC grew by more than 10 percent annually between 2010 and 2022, reaching a total of $192 billion in that final year of analysis. SBC trends have continued in the same direction since then.

The exclusion of principal payments on finance leases when computing FCF also needs to be addressed. A finance lease is an accounting convention that treats lease payments like loan repayments, but they are not loan repayments. They represent a contractual obligation to pay cash to the owner of equipment or a building.

Lastly, working capital considerations may need to be made when calculating FCF. Delaying vendor payments, for example, may inflate FCF in the short term but is unsustainable as a practice. Over time, these effects even out, so this may be a more relevant consideration for shorter-term analysis.
Therefore, a useful framework for properly calculating FCF follows:

 

1. Operating Cash Flow (derived from Net Income and shown on cash flow statement);
2. minus Stock-Based Compensation;
3. minus Capital Expenditure;
4. minus Principal Repayments on Finance Leases;
5. [optional, depending on context] plus or minus Working Capital Adjustments

Using this computation, you will find that two of the “Magnificent Seven” companies—a group worth $15 trillion in combined market capitalization—are perennial money losers.

Vigilance in the Golden Age of Fraud
Financial metrics are used selectively by companies in order to present a rosy picture of performance while obscuring financial reality. Proliferation of such practices is part and parcel of an investor psychology that accompanies speculative excess.

The combination of aggressive accounting and undiscerning investors allows shoddy practices to persist until the source of speculative excess—loose, inflationary monetary policy in the case of the US—subsides. In the meantime, discerning investors should familiarize themselves with the bag of tricks used by unscrupulous CEOs and CFOs, amplified by their cheerleaders in the financial media. In so doing, participants in the capital markets and business world can stay grounded in the moral and productive essentials of the profit-and-loss system while recognizing its distortions in the interventionist economy.

Image Source: Adobe Stock

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

WWW.AVIELFOREXLEARNINGEDGE.COM

https://www.sprottmoney.ca/blog/silv...eid=962180b60a

Silver Prices Near All-Time Highs


https://www.sprottmoney.ca/media/ama...reen_chart.png
September 29, 2025
By Craig Hemke

It has taken over fourteen years, but the silver price has finally returned to its all-time high. So what happens next? Will the price simply crash back down again, as it did in 1980 and 2011? Many folks seem to think so, but I'm not one of them.
What a long, strange trip it has been. When the silver price reached $48 in late April of 2011, I was just starting as an analyst and blogger. If you'd have told me back then that it would take fourteen years for the price to return to those April 2011 levels, I wouldn't have believed you, and if I had, I might have chosen a different career path!

But here we are. It's Monday, September 29, 2025, and the spot price of silver is $46.75 and just $3 away from the 2011 highs.

Silver Price - Monthly Nearest Candlestick Chart
So what's going to happen next?

Gold and Silver Price Trends: Lessons from Past Market Highs
As you'll likely recall, on Sunday, May 1, 2011, the silver price was smashed for $6 in about fifteen minutes. It looked like this:

Multiple CME margin hikes came next, and before you know it, the price was back to the mid-30s. A few bounces in the weeks that followed allowed for hope and a few brief days above $40, but the damage was done, momentum was lost, and the rest, as they say, was history.

So what's going to happen this time? Will history repeat? Maybe. Who can say for certain? However, I have an inclination that this time will not be like past attempts at $50. Why? Because the best analog for the current situation in silver is not 2011. In fact, it's not even silver. Instead, the best analog is the gold price in the period December 1, 2023, through March 1, 2024.

Do you recall what was occurring then? How about a history lesson?
 
Recall that gold had moved to an all-time high of $1920 in September of 2011. It then fell to $1050 by 2015 but had recovered much of those losses by 2019. The COVID-19 crisis and the massive central bank money printing of 2020 allowed prices to surge to new all-time highs by August 2020, but it never really broke through and remained below $2000 for much of the period until late 2023. It looked like this, and many analysts thought that a massive double top was in the making:

Gold Price - Monthly Nearest Candlestick Chart

However, in late 2023, the price surged again to near $2100. As it tried to break out, price was immediately smashed and reversed on Sunday/Monday, December 3 and 4, but remained firm into year-end.

Gold Price - Daily Candlestick Chart

Early 2024 brought some additional challenges, but when Fed Governor (and possible successor to Jerry Powell) Christopher Waller spoke of possible new QE on March 1, 2024, the gold price finally moved to new all-time highs and broke out above $2100 once and for all. I'm pretty sure that you know what has transpired since.

Gold Price - Daily Candlestick Chart

Gold Price - Monthly Nearest Candlestick Chart

And here's how this relates to present-day silver.

Silver Price Forecast 2026–2027: Breakout Potential and Market Outlook

Like gold in 2020, 2022, and early 2024, the silver price has returned to its old all-time high, and like gold, it's about to run into some stiff resistance as it tries to break through. However, unlike gold, it's not going to take four years of consolidation to break out. Instead, like that late December 2023 through February 2024 period in gold, the consolidation for silver will take just a few weeks or months.

How can I say this with confidence? Check the calendar. It's not 1980. It's not 2011, and it's not 2020. Instead, it's 2025 and the U.S. continues to build fiscal debt at the pace of about $2T/year. Additionally, as we've been reporting all year, in 2026, the U.S. stands ready to begin a program of gold revaluation and Yield Curve Control as the Federal Reserve and Treasury Department begin to work hand-in-glove in their attempt to manage the rapidly deteriorating fiscal situation.

1. https://www.sprottmoney.com/blog/pos...ce-revaluation

1. https://www.sprottmoney.com/blog/rev...ld-buy-bitcoin

1. https://www.sprottmoney.com/blog/gol...on-speculation

1. https://www.sprottmoney.com/blog/yie...rices-analysis

As such, I expect the price action in silver over the next few weeks to somewhat mirror the gold price action seen in late December 2023 into early 2024. A rally to the $48-50 all-time highs, a sharp reversal, and a few more failed attempts at a breakout before the final and official breakout occurs. Let's refer to that gold chart from late 2023 as our silver analog.

If I'm correct, the silver price is set to soar in 2026 and beyond. As you know, the gold price is up over 80% since that final and ultimate breakout in early March of 2024. A similar move in silver would take the price to $90-100/ounce by mid-2027. Just be patient and don't allow yourself to lose trust or hope if the weeks ahead present a few challenges first.


Start investing in gold and silver today—capitalize on the next big move.

Don’t wait. Buy gold, buy silver while prices consolidate.

WWW.AVIELFOREXLEARNINGEDGE.COM