🇨🇦 l energy enthusiast and agnostic to all, innovation. Quality jobs for all Canadians, now. Humble opinions my own, non-part, #tribes.#Navy#more☮️community
5 Stoic Principles That Keep You Mentally Tough In Hard Times.
1. Memento Mori: Remember, you will die.
2. Amor Fati: Embrace your fate.
3. Locus Or Control: Care only about things you can control.
4. Premeditatio Malorum: Prepare for the worst.
5. The obstacle is the way
The UAE is building a ~1.4MM Bbl/d, 370km pipeline costing ~$4BN USD, started in 2025 and onstream in 2027. Canada aims to potentially build a 1MM Bbl/d pipeline, to cost ~$40BN, take 8+years, and is tying it to an obsolete/costly $30BN Pathways project. See the difference???
The 10-year Treasury yield is perhaps the most important financial benchmark in the global fiat system, as it drives valuations and market trends worldwide. It is widely—and erroneously—regarded as the risk-free rate of return.
The 10-year Treasury yield can be thought of as a key barometer of the US dollar-based fiat system—a critical measure akin to its beating heart.
Bond yields move inversely to bond prices. When bond prices fall, bond yields rise.
A rising 10-year Treasury yield signals trouble for the US dollar because it means investors are selling Treasuries, which pushes up the US government’s borrowing costs. That is why the 10-year Treasury yield is a major pain point for the US government.
The 10-year Treasury yield was 3.97% when the war started. Now it is around 4.60%, an increase of roughly 63 basis points.
I expect the 10-year Treasury yield to keep climbing over the coming weeks and months—until it forces the Fed’s hand. At that point, the intervention will be sold as “stability,” but the mechanism will be familiar: suppress yields by debasing the currency.
At today’s debt levels, every 1 basis point increase in the government’s average borrowing cost adds roughly $3.9 billion in annual interest expense. So a 63 bps rise is not trivial—it translates to nearly $250 billion in additional yearly interest costs, materially widening a 2025 budget deficit that was already around $1.8 trillion.
Higher yields mean the US government must pay tens or even hundreds of billions more in interest on its debt. At the same time, the global economy faces even greater added costs because Treasury rates serve as the benchmark for borrowing worldwide.
That is not an insignificant move. However, given all the headwinds I have discussed, I suspect the 10-year Treasury yield is headed much higher because investors will demand higher yields to compensate for rising inflation. Further, if Hormuz remains closed, drastically higher oil prices are all but certain. Higher energy prices mean higher prices across the economy and higher official inflation rates, which means investors will demand still higher yields to compensate.
The problem is that interest on the federal debt is already over $1.2 trillion and is now the second-largest item in the budget. The US government cannot afford yields going much higher because the interest expense would push it toward bankruptcy.
I am not sure how—or even if—the US government can manage this situation. Something has to give, and we will not have to wait long to find out what.
The Iran war may prove to be more than another foreign policy disaster. It could be the trigger that exposes the fragility of the entire dollar-based financial system.
OH MY GOSH. JON THURSTON!😱
Canada’s 🇨🇦Jon Thurston pulls off what might be one of the greatest curling shots EVER - threading it through the port and hitting the thinnest of runbacks.
Absolutely unbelievable.
#MilanoCortina2026#Paralympics2026
$NXE | We are extremely proud and pleased to announce that we have received final Federal approval for our generational Rook I Project! The NexGen Board of Directors, Executive team, and staff, extend our sincere gratitude to our Indigenous Nation partners, local communities, @PremierScottMoe and the @SKGov, Government partners, regulatory bodies, and all valued stakeholders who have contributed their expertise, trust, and dedication to the successful advancement of this generational Project over the past decade. This achievement belongs to all of us!
"Today’s approval represents one of the most rigorous and comprehensive regulatory processes undertaken for a resource project globally. This milestone is the result of the NexGen team’s steadfast and unrelenting focus over 12 years understanding and delivering our objectives honestly and incorporating a culture of excellence. We moved with purpose and confidence to deliver a new standard for resources development.”
NexGen Founder & CEO, @leighcuryer
#RookI #NexGenEnergy #CleanEnergy #ProjectApproval @travmcph
Read the full news release: https://t.co/xwnoqEw2CR
TSX: $NXE | NYSE: $NXE | ASX: $NXG
A new spray-on powder can stop life-threatening bleeding in just one second. Developed by South Korean scientists, it forms a strong gel barrier on contact with blood, seals wounds fast, and even helps them heal. https://t.co/AmUcfGoaWf