The world is waking up to unsustainable US debt, potentially leading to dollar divestment, increased trade among other nations, and a realignment of global trade based on exchange rates.
Central banks are accumulating gold while divesting from dollars, recognizing that dollar yields are insufficient to compensate for the loss of dollar value.
The dollar’s reserve status is at risk as foreign central banks shift to gold, which could result in America’s consumption being limited to its production and borrowing to its savings.
Schiff criticizes Trump’s “Big Beautiful Bill” as a gimmick that increases debt without real spending cuts, projecting higher deficits over the next four years.
Inflation, caused by the Federal Reserve creating money to cover government deficits, acts as a hidden tax, eroding purchasing power.
If the Fed resorts to quantitative easing amid rising interest rates and unemployment, it risks creating a self-perpetuating inflation spiral and potential hyperinflation.
To reconstitute supply chains and re-industrialize, the US needs to save money, which requires stopping government spending and enduring a massive recession.
Higher interest rates are necessary to encourage savings and discourage borrowing, but this would lead to a massive recession as the economy transitions from borrow-and-spend to save-and-produce.
Politically unpopular measures like defaulting on treasuries and allowing interest rates to rise are necessary for economic recovery but are unlikely due to their unpopularity.
Gold mining stocks are currently an overlooked buying opportunity, being very cheap compared to gold itself.
Schiff argues that Bitcoin is a collectible token without unique value, based on belief, and a dangerous distraction from productive uses needed for re-industrialization.
Republicans will likely own the economy narrative in the 2026 elections, with higher inflation and unemployment than when the current president took office.
Reducing government spending and regulations is the only way to relieve the economy, as government burdens slow progress, investment, and job creation.
Moving away from the dollar to gold as the primary reserve currency will remove America’s advantage of using the dollar as the reserve currency, a reality most Americans have never experienced.
China’s Belt and Road Initiative invested over $1 trillion in 150 countries between 2013-2024, while the US military-industrial complex supplies weapons to 103 countries, both seeking influence and leverage but recognizing that loyalty is never guaranteed.
Real power lies in controlling resources, not politics, as evidenced by the Russian-American relationship where public condemnation contrasts with private dependence on exports.
Energy is the kingmaker in resource control, being the only nondiscretionary input for every economy, powering factories, farms, supply chains, and keeping lights on.
The energy dominance framework comprises four stages: resource access, refining/processing, infrastructure/distribution, and consumption/demand, with control at each step creating different types of leverage.
The US and China employ different strategies for global influence: the US uses weapons exports to build alliances, while China utilizes the Belt and Road Initiative to control resources and infrastructure.
Snowline Gold’s Valley resource now totals 8.83 million ounces of gold, with 7.94 million ounces in Measured and Indicated categories, showcasing exceptional conversion from Inferred due to high-grade near-surface mineralization.
A 30,000-meter 2025 drill program is underway, allocating 20,000m for Valley’s infill, step-outs, and geotechnical work, and 10,000m for exploring 5+ regional targets across Rogue, Cynthia, and Einarson projects.
Valley system’s high-grade consistency closer to surface allows for relatively little drilling to achieve a world-class resource, significantly impacting future development and studies.
Exploration focuses on discovering new hotspots within the broader intrusive complex, targeting reduced intrusion style systems and valley-like targets across multiple projects.
The upcoming first-ever PEA is expected to provide hard economics for this world-class open-pit system, potentially influencing market perception and valuation.
Snowline Gold is positioning itself as a globally significant gold asset with strong institutional interest, leveraging its exceptional resource quality and exploration potential.
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