The US National Debt has increased by over $400 billion since July 1st.
The Federal Government continues to borrow from our future to spend money like drunken sailors today.
Everything they said about "balancing the budget" was a lie.
Next stop: $40 trillion...
Gold vs. global money supply.
Arguably one of the most important macro divergences in the world today.
Long-term minded investors know what to do here.
https://t.co/PiboLjrWbS
Over the past few months, China's largest banks have quietly moved to end paper gold trading for individual customers across the country. The Industrial and Commercial Bank of China makes it final on July 24.
The official line is that this protects ordinary people from a volatile market. I don't buy it.
I think we're watching the moment China stops accepting the West's paper price for gold and starts letting real metal set its own.
New episode: The Truth About Gold ▶️
JD Vance recognises that Epstein was likely CIA or Mossad (or both): "He clearly had connections to the highest levels of American intelligence. He clearly had connections to the highest level of Israeli intelligence"
BREAKING: Iran calculated $9 billion in profits from market manipulation by "individuals close to Trump," mainly Kushner and Witkoff, and formally requested $4.5 billion of that sum be allocated to Iran through intermediaries, adding that "the exchanged texts will ultimately become part of the historical record," a senior Iranian official tells Drop Site.
Iran sent a private message to Vance during the Switzerland talks warning that Kushner and Witkoff were "abusing" the negotiations, "more interested in exploiting insider knowledge to profit in financial markets than reaching a deal."
Iran also expressed concern about repeated leaks from Kushner to Netanyahu, since Witkoff and Kushner “talk almost every day to Netanyahu” and the head of Mossad.
Frank Giustra says Trump has trapped America in an unwinnable choice: bankrupt itself defending its empire, or walk away from Hormuz and admit the empire is already falling.
Trump entered the war believing military pressure would force Iran to back down, but instead, Frank argues he's created a trap where every option now carries an enormous strategic cost.
America can keep bombing Iran, but every extra week means more munitions burned, more pressure on energy markets, higher oil prices, higher inflation, and rising interest rates.
That's not just bad for consumers, it's dangerous for a country carrying almost $40 trillion in debt.
Frank points out that America is already spending around $1 trillion a year just servicing that debt.
If oil stays elevated and bond yields keep climbing, refinancing that debt becomes dramatically more expensive.
In other words, America may have the military capability to continue this war, but does it have the money to?
Walking away carries its own consequences.
Since the end of World War II, America's global role has rested on a simple bargain.
The world traded through the U.S. dollar, and America kept the sea lanes open: that's the foundation of American financial power.
If Washington now accepts a regional arrangement where Iran plays a decisive role in controlling access to Hormuz, Frank believes every country watching draws the same conclusion:
The rules have changed; America no longer guarantees the system it built.
And if confidence in that system weakens, so does the dollar.
That's not just a currency story; it's about America's ability to finance enormous deficits, borrow cheaply, impose sanctions, and maintain its standard of living.
Lose reserve currency dominance and, in Frank's view, inflation rises, borrowing becomes more expensive, and one of Washington's most powerful geopolitical weapons begins to disappear.
@Frank_Giustra
One of the most brutal scenes in human history has been leaked.
An Israeli soldier filmed this clip using a drone camera while proudly boasting about the destruction of all homes in Gaza.
A moment the world must never forget.
This month, unless Donald Trump stops it, our treasonous Congress is likely to merge the US military with Israel’s genocidal armed forces. Dennis Kucinich on the end of American sovereignty.
0:00 The Attempt to Merge the US Military With the IDF
6:08 The Subversion of Congress
12:30 Why Is So Much Money Spent on Defense?
25:15 Israel's Genocide
26:59 Who Is Pushing This Bill?
45:33 How Can America Remain Independent?
48:38 Are People Getting Radical?
52:41 Will Democrats Vote Against This Bill?
55:46 Was This System Designed to Hurt Our Country?
58:50 Has Anyone Explicitly Defended This?
59:24 Will Trump Veto This Bill?
1:03:10 Is It Possible to Fix the System?
These are the North African Muslims who tortured and murdered 17-year-old Louis in France.
The first phase of an Islamic conquest is the mass rape of women, which is fully underway across Europe.
The second phase is the killing of men and teenage boys, which has now started.
The third and final phase is the kidnapping and mass conversion of children.
This is a religious war. How much longer are Europeans willing to wait?
An estimated 1 MILLION Albanians protest in Tirana. Protesters demand an END to Trump's son-in-law Jared Kushner's Sazan Island luxury resort project and PM Rama's gov't corruption.
THE FLAMINGO REVOLUTION HAS LEGS.
https://t.co/j8UINdbUQv
Everyone remembers the crash of 1929. Almost nobody asks where the boom came from.
The Federal Reserve created it. Between 1921 and 1929, the Fed expanded the money supply by roughly 61 percent, an increase of about $28 billion in total bank deposits, currency, and other instruments. The expansion was subtler than the printing press running wild in some Weimar sense, which made it more dangerous. Benjamin Strong, the head of the New York Fed, kept interest rates artificially low through open market purchases of government securities and bankers' acceptances. He did much of it as a personal favor to Montagu Norman of the Bank of England, who wanted to prop up the overvalued pound after Britain's blunder of returning to gold at the prewar parity in 1925. American savers got to subsidize British monetary vanity. Nice.
Cheap credit does not spread evenly. It floods into the interest-sensitive sectors first: capital goods, construction, the stock market. So you got the Florida land mania, you got skyscrapers rising in Manhattan, you got brokers' loans ballooning from $1.5 billion in 1921 to over $8.5 billion by 1929 as everyone and his shoeshine boy bought stocks on 10 percent margin. The structure of production stretched far beyond what real savings could support. Entrepreneurs read the low rates as a signal that capital was abundant. It wasn't. The Fed had simply forged the signal.
This is what the mainstream missed, and still misses: Prices were roughly stable through the decade. Consumer prices barely moved. To Irving Fisher and the early monetarists, stable prices meant no inflation and therefore no problem. Productivity was surging in the 1920s, and prices should have fallen. They would have fallen under honest money. The Fed pumped in just enough new credit to keep prices flat, masking the inflation entirely. The thermometer read normal while the patient ran a fever.
So when people tell you the 1929 crash proves capitalism is unstable, ask them who set the interest rate. Ask them who doubled brokers' loans. The boom was the disease. A central bank manufactured a decade of malinvestment, then acted shocked when the bill arrived.
250,000 British girls raped by Pakistani grooming gangs.
Where are the feminists now?
Where is Emma Watson?
Where is Natalie Portman?
Where is Angelina Jolie?
Where is Greta Thunberg?
Why are they silent?!
Así es la esclavitud en las minas en el este del Congo, de donde sale más del 70% del cobalto del mundo, miles de esclavos diariamente extraen el mineral por apenas 2$ al dia para llenar los bolsillos a las multinacionales capitalistas.
El capitalismo que no te enseñan, así es como se sostiene el nivel de vida y de consumo en Occidente, en estas minas al menos hay 40.000 niños esclavizados que pican piedra para que Apple saque 4 modelos de Iphone cada año.