Real budget cuts of $2T are needed, including eliminating 16 agencies, cutting 9 agencies by 50%, reducing non-defense spending by 30-34%, and cutting entitlement programs by 20% to save $1.1T.
Consolidating $1.1T in means-tested entitlements into a block grant to states, cut by 25%, would allow tailoring programs to local needs and cost of living differences.
Cutting the national security budget by 50% or $500B by bringing troops home, reducing Navy and Army, and adopting an America First foreign policy focused on homeland defense.
Means-testing Social Security for top 10% beneficiaries could save hundreds of billions annually as 75M will soon rely on it.
Cutting Medicare reimbursements by 10% would save $100B/year, while allowing retirees to choose Medicare or cash equivalent could drive competition and efficiency in healthcare.
Inflation pressures continue with trimmed-mean CPI at 3.5% annualized; Fed can’t ease policy as they’re still QT selling securities at $60-65B/month.
The public debt will reach $37T by the next debt ceiling episode, with deficits of $2-3T/year, and debt has grown 36x since 1981 compared to a 6x increase in GDP.
The 1974 Impoundment Act forces spending of appropriated funds, limiting executive branch’s ability to cut spending.
Recisions can cancel discretionary spending if passed by 51% Senate majority and 218 House votes, but most budget is entitlements and interest spending on autopilot.
Short-duration Treasury bills and inflation-protected government bonds are recommended as safe investments during turbulent economic times.
Gold demand is increasing as a hedge against currency devaluation and economic instability, with strong odds of price appreciation.
Trade authorities granted to the U.S. president for imposing tariffs pose significant risk of economic disruption and trade wars.
Debt ceiling crises, continuing resolutions, and MAGA coalition fractures may lead to turmoil in economy, policy, Fed, and Wall Street.
The silver market is in deficit, with industrial demand outpacing supply, leading to a drawdown of above-ground stocks that could eventually trigger a shortage and panic buying.
If all potential investment demand for silver were to enter the market, it would overwhelm bullion banks’ price control efforts, potentially causing a significant price surge.
The current gold-silver ratio in the high 80s to low 90s is a buy signal for silver and a hold/sell signal for gold, as silver is historically undervalued relative to gold.
The US is facing a potential currency death spiral with crisis-level deficits and parabolic interest payments, prompting central banks to aggressively buy gold to protect their currencies.
Central bank gold buying has driven the gold price from $2,000 to $3,000 an ounce in two years, potentially in preparation for a monetary reset.
Trump’s energy policy to maximize oil and gas production has a fatal flaw, as companies require high oil prices to incentivize risky investments in major oil wells.
The paper silver market operates on a 100:1 leverage, making it vulnerable to sharp price movements when investors rush to acquire physical silver.
The military-industrial complex has an incentive to keep silver prices low to maintain low input costs for silver-reliant weaponry, but rising prices could increase their production expenses.
John Rubino suggests that the US government’s deal with Russia and Europe’s military buildup are strategic gambits to distract from economic mismanagement and cultural issues.
Trump’s tariffs are likened to lawsuits aimed at bankrupting trading partners, forcing concessions to avoid economic collapse, as seen in recent border actions with Mexico and Canada.
The Fed’s quantitative tightening was drastically reduced from $25 billion to $5 billion per month in March 2025, effectively canceling $240 billion annually and increasing inflation by nearly one percentage point.
The Fed’s balance sheet ballooned from under $4 trillion pre-COVID to almost $9 trillion by 2022, with $7 trillion printed in zero-interest bank lending, equating to roughly half of all dollars in circulation pre-pandemic.
Despite the Fed’s 2% inflation target, the actual inflation rate was 5.7% annualized in 2022, prompting a return to quantitative easing in March 2025 to support the stock market amid tariff concerns.
The Fed’s inflationary policies are beneficial for stocks, implementing the “POW put” to support the market, but potentially hindering efforts to reduce prices without triggering a recession.
The Fed’s actions resemble a “pinball reacting to headlines” rather than a “big brain Jedi council”, prioritizing Wall Street’s interests while maintaining a facade of careful economic stewardship.
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