Elon Musk’s Coming Gold Shock
Addison Wiggin / February 5, 2025
The maverick financial fraternity that predicted the Internet boom, the Great Recession, and the incredible rise of Bitcoin has a bold, new prediction…
BREAKING NEWS
Addison Wiggin / April 14, 2025
Trump’s tariff threat is really just for show. He won’t impose 100% tariffs on countries working on dollar alternatives because no countries are actually doing that. The settlement medium of exchange is already here. It’s gold.
And that’s good news for gold investors because the BRICS and other nations will have to acquire gold themselves (which they are already doing) in order to participate. Other investors who buy gold are along for the ride and it’s a ride that should lead to even higher dollar prices for gold.
Addison Wiggin / April 11, 2025
We still see gold as the safest play in town, even at today’s prices. And for investors looking for an opportunity in the stock market today, gold mining stocks are getting considerable momentum behind them that will likely carry through their earnings reports this quarter – and at this point into Q2 2025.
John Robb / April 10, 2025
The red and blue networks aren’t changing incrementally. They are undergoing a rapid process of evolution; birth, death, and rebirth (in a stronger configuration). The competition between them and the relative lack of friction in forming networked organizations, is driving this process forward at a torrential pace.
Addison Wiggin / April 9, 2025
President Trump raises tariffs on China to 125%, but gives other countries who haven’t announced retaliatory tariffs a reprieve (and as markets get a much-needed oversold bounce, including an unheard-of 10% rally in the Nasdaq this afternoon).
Trump isn’t just resetting the world order, he’s doing so in a way that pits everyone against China, the poster child for getting rich off of globalization while other nations struggle.
Stephen Roach, former Morgan Stanley Asia Chair and one of the few Western economists fluent in both the language and nuance of Chinese policymaking, calls this moment a “clash of saving-impoverished populisms.”
Bill Bonner / April 8, 2025
In his first term, Trump committed one of the biggest blunders in U.S. economic history — shutting down the economy and replacing real output with an extra $4 trillion in phony, printed-up stimmy checks.
The result? The worst inflation in fifty years.
And now…here comes Big Blunder No. 2. Doubters overseas and skeptics at home — all are having a field day.
Addison Wiggin / April 7, 2025
Trump’s team of realists see the game for what it is. Nobody (‘cept maybe Trump himself) likes tariffs. They’re another tax. An impediment to free trade. But today, the tariff tweaks aren’t about trade – they’re national firewalls. And the blueprint for a fractional world along ideological lines.
Addison Wiggin / April 4, 2025
The question isn’t really whether tariffs are good or bad. They aren’t good. But in the immortal words of my erstwhile writing partner Bill Bonner, “We got what we deserve.” Good and hard.
For better or worse, it’s time to clear the rubble and get to what’s buildin’ next. Despite Fukuyama’s declaration in the 1990s, history didn’t end. Nor does it ever.
A new chapter is being written, heralding a shift away from the “End of History” and the resurgence of the nation-state, tariffs and all. The globalist trend of opening up markets – leading to jobs shifting to the lowest-labor-cost corner of the world – is over. The little guy may finally be able to get ahead for the first time in decades.
Addison Wiggin / April 3, 2025
Trump’s strategy — if you could call it that — was a streetwise inversion of the Pax Americana formula. Instead of lending to secure influence, he threatened to cut off trade to reassert dominance. Think of it as the Empire of Debt’s margin call.
The world is no longer organized around American generosity or credibility.
We’re entering Pax Technica Multipolaris — a fractured landscape where blocs compete over chips, cables, AI engines, and the rocks beneath Greenland’s ice. The U.S. wants to re-industrialize. China is engineering an AI autocracy. Russia, as always, bets on energy and entropy.
Addison Wiggin / April 2, 2025
We’ve seen four massive bubbles in financial assets in the last 25 years: the dot-com bubble (1999), the real estate bubble (2006), the COVID bubble (2020), and the artificial intelligence (“AI”) bubble (2024). Each of them has led to a crash within 24 months. You’ve seen this happen again and again. Why? Because our monetary system is broken. It will continue to lurch between bubbles and busts, and the volatility will get worse. You can think of the dollar-based global financial system as a child’s toy – a top that’s spinning and losing speed. As it fails, it’s going to wobble and eventually topple.
Addison Wiggin / April 1, 2025
The Mar-a-Lago Accord as it’s envisioned today would cause a global financial crisis. That’s because it fails to understand the importance of short-term Treasury debt as collateral for inter-bank lending and derivatives. Substituting 100-year Treasury debt for short-term Treasury bills would make those bills scarce. Treasury bills are the most liquid collateral in the world and are at the root of the Eurodollar system and the $1 quadrillion derivatives market. Scarcity of Treasury bills would implode bank balance sheets and lead to the greatest banking crisis in history.
From the creators of The Daily Reckoning, I.O.U.S.A, Empire of Debt and The Daily Missive
