The Gold Standard Removal Anniversary
Everyone should watch this, but instead of pushing Schiff Gold, a better way is to opt out of the corrupt banking system and create your own privatized bank, then borrow to buy gold, BTC, RE, etc. #IBC #abolishthefed https://twitter.com/PeterSchiff/status/1956417638629867830/video/1
Big Not So Beautiful Bill
We are on the verge of a repeat of the warning that we gave back on April 11th when the 10 year treasury rate was spiking towards 5%. This is not meant to provide opinion on President Trump’s “Big Beautiful Bill” that he is currently having trouble getting past his own Republican Party’s congress. This is however meant to provide insight and market commentary as to the response to this current bill being pushed by the president. Just this past Friday, Moody’s had downgraded the United States credit rating, citing the growing debt and deficits, shortly after President Trump unveiled his new “Big Beautiful Bill” that would basically extend the 2017 tax cuts and increase military spending quite a bit, with a partial offsetting with cuts to Medicare and Medicaid. The net effect however, still increases the US deficit by two trillion, taking us close to $39 trillion. Not going to debate the pros and cons of this bill, but rather point out the market response to all of this. Today the 10 year treasury rate spiked to 4.604% intra day and closed just under 4.6 at 4.569% (the 10 year treasury is the benchmark for mortgages and a barometer of the bond market). Wednesdays are also the day for new weekly United States Treasury issues and the market did not receive well (not as much buying as would be typical for new issue). All of this led to the beginning of a market selloff. While today was just one day and the next few days reaction will be crucial, the dire warning that we sent in early apply is back in effect. If the 10 year treasury rate continues to rise and breaks and holds north of 5%, there is a very likely chance that without intervention, we could begin to see banks and large hedge funds start to fail and could snowball into something bigger and uglier. Stay tuned, we will be watching closely. P.S. Now is the best time to ask us how you can escape the current banking system and create your own private family banking system. Ask us how!