deep dive
▫️ The Dollar Has Lost 96% of Its Value. This Is Why.
From Rome to Weimar to today, no government has ever resisted the urge to debase its money.
Marcus Grant
deep dive
▫️ The Government Just Became a Shareholder. That Changes Everything.
From miners to chipmakers, the state is taking direct equity stakes, and that reshapes who wins and how.
deep dive
▫️ Half of All Silver Is Now Bought by Factories, Not Investors.
Solar panels, electronics, and EVs now consume nearly half the silver mined, and supply cannot keep pace.
deep dive
▫️ America Hasn't Built a Major Refinery Since 1977. That's the Point.
Replacement cost is the price to rebuild an asset today, and for real things it keeps climbing fast.
deep dive
▫️ Why Owning Beats Earning in a World Awash in New Money.
Asset prices have outrun wages for two decades, and the gap compounds faster every year money expands.
weekly review
▪️ The Dollar Hit a 13-Month High. Your Whole Portfolio Just Repriced.
A move this big in the dollar resets the price of gold, stocks, and everything you hold.
deep dive
▫️ One Signature in Washington Can Reprice the Whole Market.
Federal contracts and regulation now move markets more than earnings; we explain how to see it coming.
▫️ What Happens When an IPO's Lock-Up Finally Expires.
Founders and early backers are locked in for months after an IPO; what they do next is the real signal.
▫️ Ten Stocks Now Make Up a Third of the S&P 500.
The top ten names are near double their historic weight, and most index owners have no idea.
▫️ The Debt Crossed $36 Trillion. Nobody Plans to Stop.
Federal debt has passed $36 trillion, and the yearly gap no longer waits for a recession to appear.
deep dive
▫️ One Strait Moves a Fifth of the World's Oil. Here's Why.
From Hormuz to rare-earth plants, a handful of passages now sit between what the world makes and what you pay.
deep dive
▫️ How China built a 90% chokehold on rare earth refining
Mining new deposits takes years. Building a working refinery takes a decade. The math favors whoever already owns one.