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Speculative Frenzy and Stagflation: The Flight to Gold
If you believed the bond market was the only casualty of monetary excess, look at equity markets. The S&P 500 is flirting with record highs, yet the advance is precariously narrow. Valuations on megacap technology firms evoke memories of the dot‑com bubble, while underlying economic indicators flash amber. Margin debt, where money investors borrow against […]$40,000 Gold: The Final Reset Has Already Begun
In May 2025, a largely unnoticed update from the Federal Reserve offered a peculiar glimpse into a world that may soon be forced to choose between monetary orthodoxy and outright reinvention. Buried in a 202-page financial accounting manual was a technical procedure on how to monetize gold certificates held by the U.S. Treasury. To the […]