Every time the US government has faced an existential financial crisis in its history, it has chosen to change the rules rather than honor its promises in full—usually by replacing gold or silver with paper. From the War of 1812 when interest payments were missed, to the Lincoln’s Greenbacks, to […]
“Since 1789, the United States has paid all of our bills on time,” said former Treasury Secretary Janet Yellen. “In our history, we have never defaulted on our debt or failed to pay our bills,” said President Biden’s press secretary. “… the United States has never defaulted on its debt,” […]
In today’s financial system, what many people take for granted as foundational truths are actually deeply flawed assumptions or outright deceptions. Last week, I uncovered five of the most dangerous myths in modern finance. This week, I’ll expose five more that most people still believe. Below is a breakdown of […]
In the east, the Roman Empire generally ended where the Persian Empire began. Unlike most other nation states in the Middle East, Iran (known as Persia before 1935) is not an artificial construct. By race, religion, and social history, it is a nation. European bureaucrats didn’t dream up Iran by […]
In the east, the Roman Empire generally ended where the Persian Empire began. Unlike most other nation states in the Middle East, Iran (known as Persia before 1935) is not an artificial construct. By race, religion, and social history, it is a nation. European bureaucrats didn’t dream up Iran by […]
Gold has been at the heart of the US monetary system since the nation’s founding, evolving from a direct anchor for the dollar to a strategic reserve asset. Though it no longer backs the dollar, gold remains a cornerstone of central bank reserves, a discreet but powerful force in global […]
Authored by Nick Giambruno via InternationalMan.com, Henry Ford once astutely observed that a revolution would occur overnight if people truly understood the banking and monetary system. That’s because modern banking is an elaborate illusion—one that lulls people into a false sense of security… until it’s too late. Large banks can fail within […]
Determining the precise boundaries of various spheres of influence in a multipolar world—and formalizing them into an agreement—will be a complex and prolonged process. It won’t happen overnight. Until a formal agreement is reached among the world’s major powers—much like the Congress of Vienna after the Napoleonic Wars, the Treaty […]
Weekends and holidays are the perfect time to catch people off guard… Like a street thug committing a mugging, capital controls blindside most people—otherwise, they wouldn’t be effective. The government declares a surprise bank holiday and shuts down all the banks—mere hours after denying any such plans. Then come the […]
“It was the single most important financial event of my career.” My friend and resource investing legend Rick Rule once shared this with me, reflecting on his experience in the uranium market during the last bull cycle—where extreme supply and demand imbalances triggered massive booms and busts. Rick was referring […]