Weekly Recap
Low Rates, Tariffs, DOGE, and Why Trump’s Presidency Will Be a Boon for Gold, China Bans Exports of Key Materials to the U.S., Fate of the (American) Empire, Fed’s Tightening Campaign Is a Joke
Don't Sell Your Gold Just Yet
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I’ve mentioned before that Trump’s presidency will be a boon for gold, but I never got around to unpacking the details. So, let’s get into that today.
The Red Dragon Strikes Back
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China just dropped a bombshell in the ongoing trade war—they're banning exports of gallium, germanium, and antimony—high-tech materials critical to military applications—to the United States.
Fate Of The (American) Empire
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In this episode, Doug and I discuss Sir John Glubb's seminal 1976 essay 'The Fate of Empires and the Search for Survival.'
Never Mind that Mountain (of the Fed’s Cash)
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The Federal Reserve has already cut rates twice this year. And by all indications, another cut is right around the corner—markets are pricing in a 97% probability of another 0.25% rate cut next week.