The Pentagon has reportedly estimated the cost of the war with Iran at approximately $1 billion per day. Such a figure might be manageable if the conflict were indeed expected to be short. However, I do not share that assumption. In my view, the developments surrounding both Venezuela and Iran should be understood in the broader context of what represent the United States’ final strategic confrontation with China. Since 2021, I have pressed on that this conflict has already begun in stages. It started with rhetoric 2010, followed by trade disputes mid 2010s, then escalated into financial warfare between roughly 2019 and 2025. The next phase was always likely to be kinetic. We now appear to be entering that stage. The kinetic stage will happen simultaneously as the financial war enters turbo mode. For that reason, it is difficult to view this as a short war, and Iran itself is without doubt not the primary strategic focus. Rather, it represent one theater within a much larger geopolitical contest. The $1 billion per day estimate is concerning, and it may prove to be significantly understated. Realistically, the cost could rise to $2, or even $3 billion per day depending on the scale and duration of the operations. We simply do not have the budget to sustain a continuous expansion into new adventures. What is most striking is how closely this path mirrors the one taken by the Romans in the later stages of their empire. In this broader framework, the actions of the United States and Israel can be interpreted as part of a strategic response to China’s rise. China’s growing economic and geopolitical influence represents the most significant challenge to American global dominance in its roughly 250-year history. Over the past several years, China has appeared relatively restrained amid the turbulence in global politics. However, that posture will not persist indefinitely. We should now expect a more visible and perhaps, a more aggressive China. When China reveals gold reserves far larger than the roughly 2,500 tonnes officially reported, probably in the range of 30,000 to 40,000 tonnes, the implications for global currency and debt markets will be an event we will not forget. There is little we can do to influence the course of events in this situation. I have been emphasizing these conflicts for a long time, and the picture is far larger than simply a small war here or there. Regardless of what unfolds, and regardless of who ultimately comes out on top, our approach should remain focused on one clear objective: hard assets. Are we now beginning to see what smart money is pricing into gold, which began 2023, and initially back in 2018?

Central banks

50 Years of Propaganda commodis.substack.com/p/50-y… «Turkey offers a valuable lesson. For years, many citizens believed they were becoming wealthier because the stock market continued to rise. The mistake was not in observing rising asset prices. The mistake was measuring those gains exclusively in Turkish lira, a currency that was steadily losing purchasing power. A rising market does not necessarily indicate growing wealth. Sometimes it merely reflects a declining currency. I suspect many people today are making the same mistake. They measure their success in dollars, kroner, euros, or pounds without stopping to ask whether the unit of measurement itself is preserving value. The question is not whether your assets are rising in price. The question is: rising relative to what?»

Generational wealth is on our doorstep. What many people spend forty years building, we may have the opportunity to accomplish within the next ten. commodis.substack.com/p/gene…

Please do not listen to this stuff. CC Family. Please.

Correct me if I am wrong, but why did the Republican Party push you to blame Biden for the problems, while you are perfectly aware, as my self, the problems are structural over decades. And no president what so ever can stop it? Correct me if I am wrong, E.J. but please indulge me.:-)

Burn the data centers

Did you see my «yadayada blabla»? Yes. Trying to show you something. I stopped reading Bloomberg 2023/2024. You are being played m8. Nothing can stop the already established debt trap. No politician. No president. No bank. No nothing. Don’t waste your time buddy. Godspeed!

Yadayadayada. Good luck with your purchasing power m8.

Yadayadayada

Just shut the fuck up already eh?

Bla bla and bla

Japanese Crude Oil Inventories

Yes, good sir. It is with intent.

Ffs, TANGIBLES! Get out of the grid.

Blablabla Meanwhile, our currencies are dying. What steps are you taking to protect you and your loved ones?

Wth are you even talking about, Mario? By that logic, Iran started to price in a deal already in 2025, or even 2020. Before the war, impressive! The misinformation through your account to millions of X users will be a case-study in it self. Same as these; @FirstSquawk @axios

Yes

Yes