He warns that the real danger to Americans comes from mounting debt and inflation, not foreign actors, and he again emphasizes why sound money and gold matter as hedges in a reckless fiscal environment.
Precious Metals Head for Weekly Losses as Economic Concerns Mount
Gold prices fell below $5,100 an ounce on Friday, March 13, 2026, heading for a second consecutive weekly decline.
International Man: The war with Iran is dominating the headlines, but what most people aren't considering is the economics of warfare and what it means in the bigger picture.
Under the Fed's superintendency of the nation's currency after it opened its doors for business in 1914, the purchasing power of the dollar has declined by 97%.
Food prices remain one of the most persistent cost pressures for households worldwide. In 2026, grocery bills are projected to rise sharply in some countries, while remaining relatively stable in others.
The key takeaway is straightforward: in an environment defined by persistent fiscal deficits and ongoing monetary expansion, the denominator matters as much as the choice of asset.
In a system dominated by Keynesian economics the word "deflation" is considered taboo; like saying Donald Trump's name out loud in a crowded Seattle yoga studio.
In a system dominated by Keynesian economics the word "deflation" is considered taboo; like saying Donald Trump's name out loud in a crowded Seattle yoga studio.
Perhaps it's just for convenience that most macroeconomics textbooks still teach and discuss monetary and banking policy as if the 2008 and 2020 changes never happened.
It's not elegant, it's not moral, but it's historically reliable and gets politicians and bankers off the hook of taking actual responsibility - so of course it's the easy choice.
Thanks to rampant inflation, socialism - and the poverty it inevitably brings - could soon become irreversibly entrenched in the United States, just as it has in numerous Third World countries.
Imagine earning $100 in January, only to have it buy less than $80 worth of goods or services by December. That's how fast inflation is eating away at purchasing power in some countries.
The middle class in the United States is being systematically destroyed. I know that this may sound like an obvious statement to many of you, but when I first started writing about this more than a decade ago it wasn't an obvious statement.