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Beneath the Surface

Kinetic Decapitation and the Dollar’s Next Test

Loading ...Addison Wiggin

December 3, 2025 • 6 second read


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Kinetic Decapitation and the Dollar’s Next Test

A conversation with John Robb, Grey Swan Contributor, on the war with Iran and geopolitical effects in the age of networked warfare.


Panama, The Strait… and Private Credit

March 16, 2026 • Addison Wiggin

With the United States conducting what the Pentagon politely calls an “operation” against Iranian military infrastructure, markets have had every reason to be panicky. Instead, the past week delivered something subtler…

Panama, The Strait… and Private Credit
All that Glitters Ain’t Enough

March 16, 2026 • Addison Wiggin

Gold has been consolidating after a powerful multiyear rally. Yet with America’s gold reserves equal to only about 3% of federal debt, the metal could still have significant upside ahead.

All that Glitters Ain’t Enough
You Can’t Print That!

March 13, 2026 • Andrew Packer

The Federal Reserve can print money, but it can’t print oil. As energy prices surge and supply disruptions loom, the central bank may find itself with limited tools to fight inflation driven by real-world shortages.

You Can’t Print That!
The SPR Drain Is Worse than You Think

March 13, 2026 • Andrew Packer

The plan to release 172 million barrels from the Strategic Petroleum Reserve would leave the U.S. with its smallest stockpile of emergency oil in more than four decades. And with tensions simmering globally, the shrinking reserve raises uncomfortable questions about how prepared the U.S. is for the next supply disruption…

The SPR Drain Is Worse than You Think