The “Genius Act” enables US banks to create stable coins backed by short-term US treasuries, allowing foreign nations to invest in the US via FDI without selling treasuries, potentially creating a bubble in US assets.
Stable coins will likely function as a “laundromat” for global players with sanctioned or illegal money, with minimal risk of government surveillance for the first 5-10 years.
Mistrust of dollar custody is driving a secular change in gold demand, as nations seek to “dollarize” their assets by buying gold and selling treasuries.
The Fed’s official reserve revaluations note describes how five nations used gold reserve gains to raise funds, making gold revaluation a realistic possibility if the debt situation doesn’t improve.
Gold price is primarily driven by trust, and the ongoing mistrust in dollar custody will likely prevent a structural sell-off in gold over the next 10 years.
Central banks are buying gold to diversify financial risk, aiming to reach 30% of their reserves in gold before potentially triggering a revaluation to offset losses and balance portfolios.
The Fed will likely be unable to raise interest rates sufficiently to slow down money supply growth due to increased government spending on social safety nets, immigration, military rearmament, and supply chain rebuilding.
A proposed “Mara Lago Accord” suggests hedging gold by locking in a price without selling it, then using the funds to buy bonds of other countries to strengthen their currencies versus the US dollar.
Silver is expected to catch up to gold’s performance and potentially outperform it in the long term, with the gold-silver ratio potentially stabilizing at 50:1 within 2 years.
China is “co-opting the foundation of refined silver” by buying concentrate from Latin American countries before it reaches exchanges, making silver increasingly scarce and unavailable for borrowing.
Macro discretionary funds, including major hedge funds and sovereign wealth funds, have been buying gold since March 2024 and silver since July 2024, with plans to hold silver for 6-18 months.
China’s growing influence in gold and silver markets is becoming a critical pillar supporting the dollar as a global reserve currency, as they price gold in Chinese yuan and use it to settle international trade differentials.
The upcoming summit between Trump and Putin in Alaska is viewed as a crucial milestone for improving US-Russia relations, which have allegedly been neglected by the Biden administration.
Discussions at the summit will extend beyond Ukraine to cover nuclear nonproliferation, trade, and economic cooperation, areas with significant potential for enhancing bilateral relations.
Russia’s willingness to meet with Trump, despite the US being “technically at war” with Russia in Ukraine, suggests a desire to improve relations and build confidence over the next 3.5 years.
The City of London, home to banking oligarchies, is portrayed as the driving force behind global wars, colonization, and empire-building for centuries.
The British government is allegedly controlled by money-lending oligarchies in the City of London, which use the UK government as pawns to further their interests.
The British Empire is accused of deliberately obscuring historical lessons, such as Russia’s role in the US Civil War, to shape public perception in favor of powerful interests.
The British are described as “hysterical” about the summit, attempting to derail it through various means, but their efforts are increasingly seen as weak and desperate.
Zelensky’s call for a trilateral meeting with Russia, the US, and Ukraine is characterized as “panicked nonsense” to maintain relevance, given his previous refusal to negotiate with Russia.
Russia is believed capable of signing a peace agreement with the US, despite the risk of a potential Biden administration in 3 years, by hedging risks and building confidence in the interim.
The British Empire is accused of using proxy states like Israel and Ukraine to fight wars on their behalf, aiming to destabilize regions and enable regime change operations.
The news media is crucial for understanding the world beyond personal experience, as our internal model of reality is indistinguishable from reality itself, making misleading or false coverage potentially lead to a delusional worldview.
Media is considered the “fourth estate”, as important as the three branches of government, and its success is judged by how well it informs the public about news and issues, not by financial metrics.
The democratic process amplifies the harm of biased or false news by allowing people to force their delusional worldviews on others through political power.
The Rothbardian worldview clarifies that biased, misleading, and false news only causes widespread harm through the political system, particularly democracy.
The US government uses heavy-handed censorship and weaponization of media access to control narratives, with the latter strategy predating Woodrow Wilson’s administration.
Government control over media has spread to almost every part of the federal government, with the Pentagon’s embedded journalist program exemplifying how access is used to shape narratives.
The rise of the internet has fractured the global elite’s monopoly over information, potentially leading to a transition from one ruling class to another.
The current media landscape is undergoing a major transformation, with government control being challenged by new media outlets and the increasing importance of social media in shaping public opinion.
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