From the creators of The Daily Reckoning, I.O.U.S.A, Empire of Debt and The Daily Missive
From the creators of The Daily Reckoning, I.O.U.S.A, Empire of Debt and The Daily Missive
May 15, 2025 • Addison Wiggin
A $36 trillion dollar bombshell has just been dropped. You need to prepare now to protect your wealth and save your future.
September 30, 2025 • Addison Wiggin
Today’s market news is relatively simple. Premium butter is noise. Gold’s surge is a signal. History offers the rhyme: in the 1930s, Roosevelt revalued gold higher to recapitalize the system. Investors are now front-running the possibility of similar moves.
September 29, 2025 • Addison Wiggin
September 26, 2025 • Addison Wiggin
October 1, 2025 • Addison Wiggin
In the first few months of the year, European stocks started outperforming U.S. stocks. There was talk of capital flows out of the U.S., and into Europe.
On the surface, that looked reasonable – a relative value play. But European investors continue to stay invested in the U.S. for one simple reason – it’s where the growth is.
September 30, 2025 • Addison Wiggin
September 29, 2025 • Addison Wiggin
September 30, 2025 • Addison Wiggin
Like me, you can make the choice to put your technological talents to work for the mission of protecting your country.
You are your country’s finest engineers, technologists, and researchers. There is no secret arsenal. There is nobody else. It’s just you. So answer the call. Dare to build. And never yield in the defense of your country and its freedoms.
September 29, 2025 • James Hickman
Irresponsible, runaway spending combined with an ever-expanding regulatory state that strangles the private economy, is an unprecedented challenge.
Unlike the nation’s deep ideological divide whose cycle has repeated over and over again throughout the last 250 years, America is in uncharted and dangerous territory when it comes to its $37+ trillion national debt.
The culture war and ideological divide will eventually heal. The economic challenge, on the other hand, will take serious work, tough decisions, and difficult sacrifices.
Sadly, none of that seems to be in the cards right now. And that’s setting the country up for some serious consequences down the road.
September 26, 2025 • Bill Bonner
The gold standard came into being in the 18th century. It got gassed in WWI. Then, after WWII, it was re-established, sort of. The dollar was made the key financial reserve. And the dollar was linked to gold.
Then, in 1971, the last link with gold was cut. Since then, several efforts were made to re-install some sort of guardrails. In the ‘70s, we were personally part of the drive for a Constitutional Amendment that would make deficits illegal. In the ‘80s, our friend Grover Norquist succeeded in getting prospective members of Congress to sign The Pledge, crossing their hearts and hoping to die if they increased taxes
September 26, 2025 • Addison Wiggin
Soaring AI stocks aren’t just reminiscent of the tech bubble in 1998-2000. Rather, they feel much like a Hollywood remake, nearly beat-for-beat.
Like the fervor for anything with a “.com” after it back then, AI exuberance is pushing stocks to be valued far higher than the reality of what AI will ever be recouped by earnings.
September 25, 2025 • Lau Vegys
Remember what happened when they conjured $5 trillion out of thin air during the pandemic? Inflation ripped to 9% — the highest in forty years.
Kicking off the next money-printing cycle from $6.6 trillion instead of $4 trillion — with so much pandemic-era cash still sloshing around the system — all but guarantees double-digit inflation. We’re talking about potential currency destruction on a scale — and at a speed — America has never seen.
Position accordingly.
September 25, 2025 • Addison Wiggin
The Harvard Business Review warns of “workslop.” Mandated AI tools produce bad slides and reports. Workers say 15% of what hits their desks is slop. For a company of 10,000, that’s $9 million a year in lost productivity.
Progress, or just noise?
You may recall similar confusion over actual productivity in the early days of the Internet.
September 25, 2025 • Addison Wiggin
In the age of AI, oil isn’t just possibly made from dinosaurs — it is a dinosaur. Nobody’s running a data center on diesel, opting instead for nuclear.
As a result, oil prices have largely traded in a sideways $60-$70 range over the past few years. And relative to gold, oil is now substantially undervalued.
September 24, 2025 • Shad Marquitz
I’m not saying that we necessarily have to see that same pattern play out this time as we switch from Summer to Fall here in 2025, because we are in a much more solid acceleration phase of this bull market now, and the market breadth can stay bullish longer than people expect.
What I am hinting at though, is that if we saw the PM markets cool down a bit heading into October, then it wouldn’t really be a surprise; considering we’re at max bullishness on this breadth and sentiment indicator.
September 24, 2025 • Addison Wiggin
Bloomberg reported that the People’s Bank of China is now using the Shanghai Gold Exchange as a magnet, luring “friendly” central banks to buy and store bullion inside Chinese borders.
Custody of sovereign reserves, once the domain of London, New York, and Zurich, could shift east.
September 24, 2025 • Addison Wiggin
We know Nvidia’s need to sell chips is crucial for keeping its earnings engine going. The “investment” in OpenAI will allow OpenAI to buy Nvidia chips. And Oracle software and services – which in turn increases demand from Nvidia’s chips.
Round and round it goes.
You’re free to draw your conclusions. Just keep mind, in 2000 the jig ended badly for a whole class of “dotcom” stocks.
