While there is much noise on the Right about the danger of socialism – and it should not be discounted – what is not discussed enough is the “socialism” for the rich and well-connected.
For nearly 30 years, U.S. Treasuries held the dominant crown...By the end of 2025, gold’s share of global central bank reserve assets surged to 27% while U.S. Treasuries collapsed to 22%.
It is not just corporate debt. Government debt has exploded all over the world. The chart below shows the interest rates on 10-year bonds in various countries. They are all rising in tandem.
The consequences of the three ongoing wars are turning the economy into a witch’s brew. $6.50 diesel and $4 gasoline are just the most obvious parts of it.
