Just a question as it appears there is no consensus in the gold/silver community on it; the monetary system is operated by the banking cartel in London and New York. Governments appear to be their puppets in what is clearly a rigged game of control
So will gold investors be able to realise such huge potential gains in an ounce of gold or will governments tax/confiscate such gains? What is your view on this?
- The vehement and vitriolic opposition to President Trump by the establishment is a clue that his economic agenda is a dire threat to the status quo system of gradual impoverishment of the masses dating back to 1873 or earlier. Keynesian v. Austrian must be understood as a false dichotomy intended to distract from the open system nature (i.e., economic growth) of the American System of Political Economy. A must read is https://canadianpatriot.org/2025/01/22/counter-gang-von-hayek-revives-mandevilles-hellfire-club-in-the-20th-century-part-3/
Wow - a lot to take in here, but what a well-researched, clearly laid out piece. I’m going to spend the next few days mulling and re-reading.
Also, a quick thanks: I’d been casually following you on Twitter for years and finally made the jump to your Substack a few months ago. It’s been invaluable already, and I don’t use that word lightly. I’m very, VERY grateful for your work, attention to detail, and clear communication style. Hopefully you build in a break for yourself soon, it’s been relentless lately and we need your continued insight through this turbulent time!
Thank you, Sarah! There's much more content like this ahead.
And, yes, I don't blame you for taking a few days to read and study a bit. I know it's a lot to take in. Haha.
Thank you so much for the kind compliments, Sarah!
I've only launched it in October (despite being in the industry for a long time), and I'm blown away by the response so far, and I will be producing even more sophisticated and frequent content as the newsletter grows.
Yes, I need to take a break soon! These markets have been insane and I've been so busy following, covering, and trading everything that's happening.
In May, I'm planning to go on a one-month vacation/road trip in Texas and Louisiana, so I'm looking forward to that (but I'll still be writing during that time).
Anyway, thank you for the kind encouragement and please keep in touch :)
Thanks, Roger! This is just a taste of future content to come.
Haha - I do have sleeping issues, funny enough. But it's mostly because I can't turn my brain off at night because I'm thinking of a million different things.
Yes, this is going to be a wealth transfer for the history books.
hi jesse, for years i wrote a hard right newsletter Economic Rant. i put my whole
life into this for like two years. i finally burned out on it. every time i had an insight i would write it down. it was just TOO much. you need good sleep. put your heart into
this but please don't burn out. i can't imagine what you put into this last article.
best to you, roger there will be more comments and soon we'll have our
Good points, Roger. Haha. I need to do a better job of conserving my energy.
And, yes, you're right - big reports are a lot of work! But I definitely get a thrill when they're finished, I get to publish them, and get good feedback.
Wow, a STELLAR report, JC. You've really done your homework and presented this in a clear, concise, well organized, and well supported thesis. I wish I discovered you sooner. I'll be psyched to see your upcoming reports on the mining sector and other related topics. I missed on the stock bull (shit) market due to skepticism of a breaking bubble, but I am in the precious metals market to capitalize on this one. I think those of us believed to be stupid (like me) will come out looking like the smart ones, and vice versa.
When you finish these reports, a book would indeed be beneficial as we could buy a copy and send it to our local Federal politician, demanding they look at the true consequences of inflation.
Good summary but the same crisis warning that Howard Ruff banged on about in his Ruff Times back when I entered the work force in 1973. Yes bought physical silver and sold in the 30s but the buyer is your local guy next to the jewelry store. Obviously the argument don't trust the government has brought a dictator to power and crypto millionaires but not gold millionaires. No real follow through this week on the precious metal breakouts and finally metal stocks.. fizzle at Powell remarks..tiresome.no real legs..
Fabulous article Jesse. I whole-heartedly share your outlook. As a non-US based investor (Australian), how do you see precious metals prices performing in non-USD terms? In commodity bull markets, the AUD and CAD typically strengthen significantly relative to the USD. Will the likely weakness of the USD erode a lot of the gains in USD priced metals and how can we best mitigate this currency devaluation as a retail investor?
That's a very good question. I still see them performing very well because all fiat currencies are being debased over time and they're essentially racing each other to the bottom.
Even if non-U.S. currencies strengthen somewhat relative to the dollar, I don't see that appreciation negating gains made by gold.
In the end, all fiat currencies are doomed, so that's the eventuality I focus on.
Great report. Well laid out and makes sense to me. One thing to add, crypto world talks about gold backed CBDC or similar when current system collapses at some point (soon?)
Thanks, Phil! Yes, I have heard of that. While I love the idea of gold-back cryptocurrencies, I am vehemently opposed to CBDCs, as I explained in point #19:
Dear Jesse, a HUGE THANK YOU for a fantastic Bubble Bubble report! You have obviously spent a lifetime studying these markets, and I have read through your whole report several times! I believe you are correct in every aspect that you raise, and your report as enormously helpful to me! Thank you so much for all your hard work, and your expertise! With very best wishes, Richard :)
Perhaps this is a naive observation but is there a scenario in which the US$ is sufficiently weak that US stocks become again / remain attractive & the sheer weight of money keeps the markets elevated?
my two cents on the national debt...
the actual national debt is not a mere $36.7 trillion, but rather well north of $200 trillion. you
MUST include unfunded liabilities in this. debt is debt. the actual GDP is now down to like
$20 trillion, not what the gummint tells you. so, the vital debt to GDP ratio is not a mere
120%, but rather over 1,000%. say that again- over 1,000%. this is insane of course, and can
only end in the total collapse of "our" country. a total and complete collapse, and very soon.
Yes, I'm aware and I agree. I will write about that in future articles.
Like I said, I had to pick and choose what to include in this report otherwise it would be the length of a book. haha.
Got to say - your substack is terrific Jesse
Just a question as it appears there is no consensus in the gold/silver community on it; the monetary system is operated by the banking cartel in London and New York. Governments appear to be their puppets in what is clearly a rigged game of control
So will gold investors be able to realise such huge potential gains in an ounce of gold or will governments tax/confiscate such gains? What is your view on this?
Thank you, Ben! Yes, a question that many of us in the precious metals community have been debating for years.
The reality is that nobody has a crystal ball and we just have to hope for the best, yet plan for the worst.
That's why I prefer to have my gold and silver in my physical possession and, ideally, in multiple locations and jurisdictions.
So much could be added regarding the London-Wall St. banksters. If I were to make a brief list, it would include:
- The crime of 1873, which started the U.S. down the path of demonetizing silver: e.g., https://www.jstor.org/stable/2937754
- The Creature from Jekyll Island
- That it was the London banksters who forced Nixon to close the gold window: https://www.bullionstar.com/blogs/ronan-manly/british-requests-for-3-billion-in-us-treasury-gold-the-trigger-that-closed-the-gold-window/ (my guess is that they CIA was directed to oust Nixon via Watergate to keep the window permanently shut and for other reasons (e.g., shutting down the CIA Vietnam War Golden Triangle heroin pipeline)).
- The vehement and vitriolic opposition to President Trump by the establishment is a clue that his economic agenda is a dire threat to the status quo system of gradual impoverishment of the masses dating back to 1873 or earlier. Keynesian v. Austrian must be understood as a false dichotomy intended to distract from the open system nature (i.e., economic growth) of the American System of Political Economy. A must read is https://canadianpatriot.org/2025/01/22/counter-gang-von-hayek-revives-mandevilles-hellfire-club-in-the-20th-century-part-3/
Good points, Stephen. Thank you.
Wow - a lot to take in here, but what a well-researched, clearly laid out piece. I’m going to spend the next few days mulling and re-reading.
Also, a quick thanks: I’d been casually following you on Twitter for years and finally made the jump to your Substack a few months ago. It’s been invaluable already, and I don’t use that word lightly. I’m very, VERY grateful for your work, attention to detail, and clear communication style. Hopefully you build in a break for yourself soon, it’s been relentless lately and we need your continued insight through this turbulent time!
Thank you, Sarah! There's much more content like this ahead.
And, yes, I don't blame you for taking a few days to read and study a bit. I know it's a lot to take in. Haha.
Thank you so much for the kind compliments, Sarah!
I've only launched it in October (despite being in the industry for a long time), and I'm blown away by the response so far, and I will be producing even more sophisticated and frequent content as the newsletter grows.
Yes, I need to take a break soon! These markets have been insane and I've been so busy following, covering, and trading everything that's happening.
In May, I'm planning to go on a one-month vacation/road trip in Texas and Louisiana, so I'm looking forward to that (but I'll still be writing during that time).
Anyway, thank you for the kind encouragement and please keep in touch :)
my gosh! what an incredible education in just one newsletter.
where else? nowhere i know of. and it will continue as a series.
jesse, when do you sleep? yes, this is a long read, and a lot to
take in. i 'm going to spend a long time with just this one letter.
the greatest wealth transfer in the history of the world, and we
are the 1 in 10,000 who will benefit from it.
roger in wilmington
Thanks, Roger! This is just a taste of future content to come.
Haha - I do have sleeping issues, funny enough. But it's mostly because I can't turn my brain off at night because I'm thinking of a million different things.
Yes, this is going to be a wealth transfer for the history books.
personal to jesse, not for posting
hi jesse, for years i wrote a hard right newsletter Economic Rant. i put my whole
life into this for like two years. i finally burned out on it. every time i had an insight i would write it down. it was just TOO much. you need good sleep. put your heart into
this but please don't burn out. i can't imagine what you put into this last article.
best to you, roger there will be more comments and soon we'll have our
own online community
Good points, Roger. Haha. I need to do a better job of conserving my energy.
And, yes, you're right - big reports are a lot of work! But I definitely get a thrill when they're finished, I get to publish them, and get good feedback.
Wow, a STELLAR report, JC. You've really done your homework and presented this in a clear, concise, well organized, and well supported thesis. I wish I discovered you sooner. I'll be psyched to see your upcoming reports on the mining sector and other related topics. I missed on the stock bull (shit) market due to skepticism of a breaking bubble, but I am in the precious metals market to capitalize on this one. I think those of us believed to be stupid (like me) will come out looking like the smart ones, and vice versa.
Thanks, Dennisito! Yes, I believe you will enjoy the rest of the series.
I hear you on not believing in the bull market in mainstream stocks.
But at least a bull market in mining stocks and natural resources is something I can really get behind.
And, yes, I believe we're going to show the world that there was a method to our madness! Haha.
Once again, Excellent, Thanks Jesse
When you finish these reports, a book would indeed be beneficial as we could buy a copy and send it to our local Federal politician, demanding they look at the true consequences of inflation.
Thanks, Sterling! Hey, that's actually a good idea. Maybe I'll work on something like that.
Kudos to you for undertaking this, Jesse. Superb start. 👍
Thanks, Stephen!
? Did the brics / debt serfs just cut their debts in Half ?
How....by buying gold...instead of paying down their debt...!!
Gold up from 1800 to now 3300 + in approx 2 years..= 50-75 %...
At this rate, the poor will be..Liberated = debt free...? sooon
Is the Debt Jubilee, actually Built in gold itself. ?
To guard against any King, that does NOT Abide...
Just wondering...please comment...Jesse
Actually, emerging markets have been taking on even more debt:
https://www.theemergingmarketsinvestor.com/emerging-markets-are-loaded-with-debt-so-pick-your-countries-carefully/
Proves the point, that Gold is more valueable than F.i.a.t
that relies on Trust in getting return of investment.
Good summary but the same crisis warning that Howard Ruff banged on about in his Ruff Times back when I entered the work force in 1973. Yes bought physical silver and sold in the 30s but the buyer is your local guy next to the jewelry store. Obviously the argument don't trust the government has brought a dictator to power and crypto millionaires but not gold millionaires. No real follow through this week on the precious metal breakouts and finally metal stocks.. fizzle at Powell remarks..tiresome.no real legs..
Thanks for reading it, Lance :)
Fabulous article Jesse. I whole-heartedly share your outlook. As a non-US based investor (Australian), how do you see precious metals prices performing in non-USD terms? In commodity bull markets, the AUD and CAD typically strengthen significantly relative to the USD. Will the likely weakness of the USD erode a lot of the gains in USD priced metals and how can we best mitigate this currency devaluation as a retail investor?
Thanks, James!
That's a very good question. I still see them performing very well because all fiat currencies are being debased over time and they're essentially racing each other to the bottom.
Even if non-U.S. currencies strengthen somewhat relative to the dollar, I don't see that appreciation negating gains made by gold.
In the end, all fiat currencies are doomed, so that's the eventuality I focus on.
I hope some one / Jesse...?
is planning to write an " Anniversary 100 % LOSS of purchasing power " to
Golds upcoming.100 x rise/ $ fall from 35$ to 3500$ in...54 years....
And...NObody is taking responsibility/credit for this...?
I hear you. I am working to raise greater awareness of these issues and I hope people will finally wake up to this great injustice.
Great report. Well laid out and makes sense to me. One thing to add, crypto world talks about gold backed CBDC or similar when current system collapses at some point (soon?)
Thanks, Phil! Yes, I have heard of that. While I love the idea of gold-back cryptocurrencies, I am vehemently opposed to CBDCs, as I explained in point #19:
https://thebubblebubble.substack.com/p/24-reasons-why-i-dont-believe-in
Ed Dowed, saying gold will take a deflationary hair cut for 2 years, is this likely? And what does it mean, he stated $2800
Anyone one got a view, I guess he means we will get a blow off top, many forcasting this.
Where is the "gold" in the gold backed Bit con ?
I am sure, that Tilips were backed by gold..back in the day ..too
Even the FED...could claim that us$ is backed by the gold in Ft kNOx...
True but ever less each day
There is none, unfortunately...
I consider Bitcoin to be "fool's gold," not digital gold.
TULIPS
Well done summary!
Dear Jesse, a HUGE THANK YOU for a fantastic Bubble Bubble report! You have obviously spent a lifetime studying these markets, and I have read through your whole report several times! I believe you are correct in every aspect that you raise, and your report as enormously helpful to me! Thank you so much for all your hard work, and your expertise! With very best wishes, Richard :)
Hi Jesse
I been following Ed for while, he just posted this, any thoughts seems to follow your case on the banks.. . supriesed how negative everyone is, BTC. .
https://x.com/DowdEdward/status/1913320870044635183
Hi,
Perhaps this is a naive observation but is there a scenario in which the US$ is sufficiently weak that US stocks become again / remain attractive & the sheer weight of money keeps the markets elevated?