WEEKEND WRAP: London Silver Short Squeeze; Stocks Wrecked in Response on China Tariff Talk; Ways to Survive -and Thrive - Through Government Collapse

The U.S. government shutdown, which, as of Sunday, is on day 12, is no longer news, because economics has exceeded it in terms of importance.

Americans need to stop beating around the bush and face up to reality.

The U.S. government has failed.

It's no longer a question of whether or not the government is going to fail or when it's going to fail, but rather what are you going to do now that it has failed.

The U.S. federal government is $37.5 trillion in debt. That is a sum of money that will never be repaid in full. The practice of simply "rolling over" expiring obligations with new debt is a privilege that has long been abused. It reveals an unwillingness to make hard decisions for the benefit of the country. Beyond that, congress long ago (1913, roughly) abrogated its authority to regulate currency or money, allowing it to be usurped by the international banking cartel's creation of the Federal Reserve System.

The constitution has been trampled upon by presidents, congress, and judiciary for decades. The country is no longer ruled by laws, but by men and women who do as they please, secure in the knowledge that they will not face consequences for any actions, legal, illegal, or otherwise.

Elections - the important ones, at least - are bought, sold, won, and lost by wealthy people who wield money as power. Even when a person or party wins by popular mandate, they are quickly brought to heel by the powerful special interests in Washington. Nothing ever gets fixed. No bad laws are ever repealed. Few, if any, campaign promises are kept.

The "democracy" that we are told about by the media, that kids are taught about in school, that loud-mouthed, immoral politicians constantly harp about protecting and preserving, does not exist. The federal government, in its functional reality, is a corporation. Senators and members of the House of Representatives are vice presidents or senior managers in charge of the various operations: war, welfare, propaganda, extortion, and control of commerce are their principal interests. The president is a CEO, though the judiciary, principally via the Supreme Court, in its role as a Board of Directors, can effectively overrule executive decisions.

In essence, the U.S. federal government is an oligarchy with patriarcal tendencies. Power is promulgated through generations.

Now that it's understood that the government "of the people, by the people, for the people" is nothing but a false platitude permanently intended to obfuscate the true structure of government, the question Americans need to individually answer is, what am I going to do about it?

Not, what are we going to do about it? There is no "we." There is no assembled opposition. There is not going to be a revolution, or civil war, or any kind of populist movement. The closest Americans have ever come to a united voice for their own liberty in recent years have been the anti-war movement of the 1960s, the "tea party" of the 2010s, and the current MAGA movement, all of which were marginalized by government effort through back-door deals, media slander, and deep state coercion.

Most people are content with doing nothing, going to work, collecting a paycheck from which the government's "cut" is taken out before receipt and hoping for the best. When it turns out that there never will be a "best", that conditions continue to worsen, they're stuck with - if they're lucky - government taking 20-30% of their labor, rent or mortgage another 30-40%, food and energy another 20%, and incidentals the rest, so that by the end of the week, or the month, there's literally nothing left over. Credit cards make up for any shortfall, but that money, at 20-25% or more, has to be repaid. The vast majority of American workers are little more than wage and tax slaves, toiling away on the open-air plantation called America.

For them, there is little recourse, but, that's not a problem since most of them have been so indoctrinated and dumbed-down by the corrosive, compulsory eduction system, they don't know any better.

There may be 10-15% of the population that understands most of this, and maybe that number includes you. So, what are your choices?

Here's the short list:

1. Leave: A passport costs less than $200, but travel and relocation can be expensive. Beyond the costs, where do you go? Options are limited, since most other countries have problems similar or worse than the U.S.. There are language obstacles, culture shocks, and climate priorities to consider. In the end, it may be easier, less costly, and more practical to stay within the U.S. and move to a state that somewhat has its own house in order.
2. Make yourself poor: There are considerable benefits to being poor, if you can handle the ins-and-outs of applying for food stamps, rent assistance, energy grants, etc. It's not for everybody, and there's no guarantee that you are approved for various hand-outs or that the government won't just someday cut everybody off (remember, they're broke).
3. Cheat: Lots of people resort to this. Working off the books, "under the table" so to speak, without reporting income so that you keep everything for yourself. Of course, this approach carries inordinate risks. If you're caught, you may have to pay back taxes, or worse, do some prison time. If you are caught, the government will be watching you forever afterwards. The upside is that you can make a lot of money doing odd jobs, selling stuff, or a variety of other activities, like gig work, without paying Uncle Sugar. There are probably a lot of people who combine #2 (being poor) with #3 (cheating) who do pretty well. While the government may be big and all-seeing, it tends to overlook the small fry.
4. Play Along: This is what supposedly rational people do. Get a job that pays well, keep expenses down, allocate a portfolio to 40% stocks, 20% fixed income, 30% gold and silver and 10% cash. Not having kids or a wife - or husband - helps. Eschewing many of the niceties of modern life isn't for everybody, but if you can live without the latest iPhone, newer cars, $6 lattes, dining out, plush carpets, and a 72-inch TV and cable plan, you can make this work.
5. Gamble: With online gambling and individual investment accounts, what could go wrong? Plenty. Most people who take this approach - thinking they can outwit the oddsmakers and/or Wall Street sharks end up in the poor house. (See #2)
6. Go Off-the-Grid: Finally, there is the option to just give up completely on ever having a reasonable lifestyle, grow a beard, stop bathing, buy some land, solar panels, and a used camper and tough it out in the woods. Grow your own food, hunt, raise goats, sheep, cattle, chickens, etc. Who knows? The government could completely collapse, there could be more war, maybe nuclear, and you'd hardly notice.
7. Start a Business: Though it's not easy, nor practical, if you plan on running an industrial firm or anything that requires lots of capital, be it in the form of money, labor or material. There's p still plenty of money sloshing around looking for investments, but when it comes to labor or material, inflation is making those more and more expensive. Service businesses are optimal, especially if you have specific skills. Many lawyers, doctors, lumberjacks, carpenters, plumbers, electricians, coders, and other skilled professionals do very well. Tax advantages and expensing of costs are abundant in small business environments. The base requirements for running one's own business boil down to a few simple principles, which include, but are not limited to: not wanting a job, keeping one's own hours, having freedom to do as one pleases, not being tracked every minute of every day, self-discipline, ability to make decisions, being smart and maybe a little cynical, a frugal attitude, persistence, perseverance, and hard work. This, beyond all else, is the ultimate solution. Even if the government is still going to take 21% of your income, that's net, after expenses. Self-employment and entrepreneurship isn't without downsides such as long hours, variable revenue flows, possible government intervention, but how you structure the business is crucial to success.
8. The Combo Approach: Take what appeals to you from the outlines above, and work out a personal plan or compromise. Being frugal isn't a sin. Your friends may call you a cheapskate, but, while they're paying $2000 a month rent and $600 a month car payment, you own your home outright and drive a used truck that's paid for. Self-awareness and keeping costs down (don't we all wish the government would do this?) are probably the best steps forward anybody can make toward escaping the matrix of a government in chaos and society without guardrails.

It is really up to you.

As a wake-up reminder, Over 1 Billion People Live In Slums.

Proceeding to the regular financial findings...

Stocks

Friday's downdraft on the heels of President Trump's tweeting about big tariffs on China sent a few shockwaves up and down the Wall Street spinal cord, but it wasn't anything that wasn't already under consideration. The U.S. and China are about twenty seconds to midnight in terms of blowing each other's brains out, so spiking the tariff ball isn't exactly earth-shattering.

However, there is the distinct feeling that if the U.S. is cut off from Chinese trade, it's going to hurt. Trump has already announced bailouts for soybean farmers who were damaged by his actions against China, which responded by ceasing to buy U.S. soybeans and other crops, instead sourcing from BRICS partner, Brazil.

Farmers, incidentally, especially those of the mega-corporate variety, are heavily subsidized by the government already. Maybe the government should just get out of the agriculture business and let farmers farm (never happen).

The deeper, more dire implications of the U.S.-China trade war are what happens to critical supply chains and supplies of rare earths, which started all this to begin with. Trump's trade policies, in addition to being inflationary, will result in shortages, empty shelves, and, if America is lucky, a greater depression. Think anybody in Washington, D.C. cares about any of this? Only so far as their stock holdings are concerned, and, given the rough sledding on Friday, it's a safe bet that all the Senators and House members who aren't doing anything - because the government is shut down, remember? - were all safely out of the market prior to President Loudmouth's latest Truth Social post.

Will TACO Trump show up on Monday to tell everybody he was only joking? Very possible. But, Monday and Tuesday are likely to be interesting from a trader's perspective. Following a deep dive on Friday, there are usually more than a fair share of nervous Nellies looking to dump out of stocks. Problem is, they can't go to bonds until Tuesday, because the bond market is closed Monday for Columbus Day.

That means they'll either go to cash or... wait for it... GOLD. The CME is open Monday.

Sectors hit the hardest on Friday were tech stocks and the Dow Transports, which was down nearly double, in percentage terms, than the other majors.

For the Week:
Dow: -1,278.68 (-2.73%)
NASDAQ: -576.08 (-2.53%)
S&P 500: -163.28 (-2.43%)
NYSE Composite: -628.49 (-2.89%)
Dow Transports: -772.74 (-4.88%)

Looking at those weeklies, it is striking how uniform the declines are, almost as if they were somewhat predetermined. That kind of symmetry occurs naturally, but not usually in markets run by humans equipped with computers and high-frequency trading tools.

There are any number of analytical and crystal ball forecasts for what happens next week, but few are calling for a crash. Ed Dowd pointed out on X that stock market crashes do not typically occur right after all time highs, suggesting that they usually come after some back-and-forth in markets with some added pain prior to a major drawdown.

The opposite end of the investment spectrum argues that the current climate is unlike that of 1929 or 1987, that the market is actually a gambling parlor that happens to trade stocks and that algorithms are keyed to headlines along with HFTs, so there's the possibility of a Monday Meltdown.

Not taking sides, early birds may want to keep an eye on NIKKEI futures. From current indications, it looks like a global sell-off of wildly overvalued stocks is dead ahead. Far East markets open around 6:00 pm ET. Stay tuned.

Earnings are going to be in focus in the week ahead. Here are some of the more prominent companies reporting third quarter results:

Monday, October 13: (before open) Fastenal (FAST)

Tuesday, October 14: (before open) Blackrock (BLK), JP Morgan Chase (JPM), Goldman Sachs (GS), Wells Fargo (WFC), Citi (C), Johnson & Johnson (JNJ), Domino's Pizza (CPZ), Albertsons (ACI), Ericsson (ERIC); (after close) Equity Bancshares (EQBK)

Wednesday, October 15: (before open) Morgan Stanley (MS), Synchrony Financial (SYF), Citizen's Financial (CFG), First Horizon (FHN), Bank of America (BAC), ASML (ASML), Progressive (PGR), Dollar Tree (DLTR), Abbott Labs (ABT) ; (after close) United Airlines (UAL), Pinnacle Financial (PNFP), Synovus (SNV), J.B. Hunt (JBHT)

Thursday, October 16: (before open) Taiwan Semiconductor (TSM), Key Bank (KEY), Bank of New York Mellon (BNY), Charles Schwab (SCHW), Travelers (TRV), Marsh McLennan (MMC), Infosys (INFY); (after close) Bank of the Ozarks (OZK), Simmons Bank (SFNC), Interactive Brokers (IBKR), CSX (CSX)

Friday, October 10: (before open) State Street (STT), American Express (AXP), Fifth Third Bank (FITB), Huntington Bancshares (HBAN), Truist Financial (TFC), Regions Financial (RF), Comerica (CMA), Ally (ALLY), Schlumberger (SLB).

The Shiller PE (CAPE) closed out the week at 39.09, down from Wednesday's (October 8) 25-year high of 40.32, since the dotcom bubble (Decemebr 1999) 44.14.

BTW: The casino stock market is open Monday, though it is a federal holiday, whether you call it old-school Columbus Day or woke, Indigenous People's Day. Bond markets, however, are closed, according to SIFMA.

Treasury Yield Curve Rates

Date	1 Mo	1.5 mo	2 Mo	3 Mo	4 Mo	6 Mo	1 Yr
09/05/2025	4.29	4.24	4.24	4.07	4.05	3.85	3.65
09/12/2025	4.24	4.24	4.20	4.08	4.02	3.83	3.66
09/19/2025	4.19	4.16	4.14	4.03	3.98	3.81	3.60
09/26/2025	4.22	4.20	4.17	4.02	4.00	3.83	3.67
10/03/2025	4.24	4.17	4.11	4.03	3.96	3.82	3.64
10/10/2025	4.19	4.16	4.10	4.02	3.96	3.81	3.60

Date	2 Yr	3 Yr	5 Yr	7 Yr	10 Yr	20 Yr	30 Yr
09/05/2025	3.51	3.48	3.59	3.80	4.10	4.72	4.78
09/12/2025	3.56	3.52	3.63	3.81	4.06	4.65	4.68
09/19/2025	3.57	3.56	3.68	3.88	4.14	4.71	4.75
09/26/2025	3.63	3.66	3.76	3.96	4.20	4.74	4.77
10/03/2025	3.58	3.59	3.72	3.90	4.13	4.69	4.71
10/10/2025	3.52	3.52	3.65	3.83	4.05	4.60	4.63

Friday's stock market mayhem triggered a rally in treasuries, with major moves in long-dated maturities as the week came to an abrupt, unruly close. Treasuries had been fairly stable and dull until Friday, with the moved coming in yields on 10s, 20s and 30s, which were down 8, 9, and 8 basis points, respectively.

Spreads weakened, with 2s-10s falling to +45 from +53, and full spectrum falling to +43 from +47.

What's important to note is that the yield curve, from 2-year notes out, is normal, but short term bills out to 2-year and 3-year notes are sloping in the wrong direction, i.e., inverted. This should be all one needs to know about the direction of the Fed, which is leaning more and more on the dovish side. If there's major stock market carnage - which may be part of the overall plan - Powell might conjure up some fresh funds via an emergency cut of 50 to 100 basis points. It's not like it hasn't happened before, and it will happen again.

If that occurs, bet your bottom dollar the news media will be howling about the recession, about how the government shutdown caused it, and how the government needs to reopen "RIGHT AWAY!"

The level of grift and propaganda has become so overwhelming, it's actually predictable.

Spreads:

2s-10s
9/15/2023: -69
9/22/2023: -66
9/29/2023: -44
10/06/2023: -30
10/13/2023: -41
10/20/2023: -14
10/27/2023: -15
11/03/2023: -26
11/10/2023: -43
11/17/2023: -44
11/24/2023: -45
12/01/2023: -34
12/08/2023: -48
12/15/2023: -53
12/22/2023: -41
12/29/2023: -35
1/5/2024: -35
1/12/2024: -18
1/19/2024: -24
1/26/2024: -19
2/2/2024: -33
2/9: -31
2/16: -34
2/23: -41
3/1: -35
3/8: -39
3/15: -41
3/22: -37
3/28: -39
4/5: -34
4/12: -38
4/19: -35
4/26: -29
5/3: -31
5/10: -37
5/17: -39
5/24: -47
5/31: -38
6/7: -44
6/14: -47
6/21: -45
6/28: -35
7/5: -32
7/12: -27
7/19: -24
7/26: -16
8/2: -08
8/9: -11
8/16: -17
8/23: -09
8/30: 00
9/6: +06
9/13: +09
9/20: +18
9/27: +20
10/4: +5
10/11: +13
10/18: +13
10/25: +14
11/1: +16
11/8: +5
11/15: +12
11/22: +4
11/29: +5
12/6: +5
12/13: +15
12/20: +22
12/27: +31
1/3: +32
1/10: +37
1/17: +34
1/24: +36
1/31: +36
2/7: +20
2/14: +21
2/21: +23
2/28: +25
3/7: +33
3/14: +29
3/21: +31
3/28: +38
4/4: +33
4/11: +52
4/17: +53
4/25: +55
5/2: +50
5/9: +49
5/16: +45
5/23: +51
5/30: +52
6/6: +48
6/13: +45
6/20: +48
6/27: +56
7/3: +47
7/11: +53
7/18: +56
7/25: +49
8/1: +54
8/8: +51
8/15: +58
8/22: +58
8/29: +64
9/5: +59
9/12: +50
9/19: +57
9/26: +57
10/3: +45
10/10: +53

Full Spectrum (30-days - 30-years)
9/15/2023: -109
9/22/2023: -99
9/29/2023: -82
10/06/2023: -64
10/13/2023: -82
10/20/2023: -47
10/27/2023: -54
11/03/2023: -76
11/10/2023: -80
11/17/2023: -93
11/24/2023: -95
12/01/2023: -105
12/08/2023: -123
12/15/2023: -154
12/22/2023: -149
12/29/2023: -157
1/5/2024: -133
1/12/2024: -135
1/19/2024: -118
1/26/2024: -116
2/2/2024: -127
2/9: -117
2/16: -103
2/23: -112
3/1: -121
3/8: -125
3/15: -109
3/22: -112
3/28: -115
4/5: -93
4/12: -87
4/19: -77
4/26: -70
5/3: -85
5/10: -87
5/17: -94
5/24: -99
5/31: -83
6/7: -92
6/14: -113
6/21: -103
6/28: -96
7/5: -101
7/12: -108
7/19: -103
7/26: -104
8/2: -143
8/9: -131
8/16: -138
8/23: -141
8/30: -121
9/6: -125
9/13: -117
9/20: -80
9/27: -80
10/4: -75
10/11: -58
10/18: -54
10/25: -38
11/1: -18
11/8: -23
11/15: -10
11/22: -12
11/29: -40
12/6: -23
12/13: +18
12/20: +29
12/27: +38
1/3: +38
1/10: +54
1/17: +41
1/24: +40
1/31: +36
2/7: +32
2/14: +32
2/21: +31
2/28: +13
3/7: +24
3/14: +25
3/21: +23
3/28: +26
4/4: +5
4/11: +38
4/17: +44
4/25: +40
5/2: +41
5/9: +46
5/16: +52
5/23: +68
5/30: +59
6/6: +69
6/13: +67
6/20: +69
6/27: +66
7/3: +51
7/11: +59
7/18: +65
7/25: +55
8/1: +32
8/8: +37
8/15: +44
8/22: +41
8/29: +51
9/5: +49
9/12: +40
9/19: +54
9/26: +55
10/3: +47
10/10: +43

Oil/Gas

WTI crude oil closed out the week at $57.84, down shrply from last week's Friday price of $60.36.

Money Daily has been calling for lower oil prices for at least the past year, and recently saying outright that the 50s were imminent, the reasons being twofold: slack demand and oversupply. It does not take a genius to figure that out. Markets have been in denial about the health of the global economy. It's breaking apart and breaking down. Lies and hope can't keep stocks, prices, and fake currencies up forever

The lower price for crude oil, running counter-cyclical to inflation, may be indicating something deeper and darker.

European economies in the largest countries - Germany France, Italy, England - are on the brink of economic collapse. Energy prices in those countries have nowhere to go but lower, as people essentially go broke just trying to fund everyday needs. While lower prices for crude oil and petrol may offer some relief, it's on the back of a manufacturing slowdown of depression-era proportions.

Nothing like a massive breakdown in oil prices to get a quick response from retail gas stations. U.S. gas prices slumped lower on Sunday, the national average at $3.05, according to Gasbuddy.com.

State-by-state numbers show California bucking the trend coming in a penny higher than last week, at $4.66 per gallon, followed by Washington, down four cents ($4.47). Oregon ($4.09), was also down three cents. The lowest prices remain in the Southeast, with Oklahoma ($2.51) hitting a seven-month low, followed by Mississippi, Arkansas, and Texas, all at $2.63, followed down by Louisiana ($2.64). The rest of the southern states are all below $2.83, with Florida also following, down sharply, to $2.89.

Most of the Northeast has yet to experience much in the way of relief, though New Hampshire ($2.96), Delaware ($2.96) and Rhode Island ($2.97) remained lower than the rest. Virginia ($2.95), West Virginia ($2.93), and Kentucky ($2.72) moved lower, joined by Ohio ($2.78) and Indiana ($2.85) and Michigan ($2.90). Illinois ($3.20), down 10 cents, is the only midwest state above $3. All midwest states from Wisconsin (lowest, at $2.70), Minnesota, and North Dakota south to Missouri, Kansas, and Colorado ($2.84) are well below $3/gallon. Wyoming joined the party at $2.94.

Sub-$3.00 gas can be found in 30 states, up four from last week, concentrated in the South and Midwest with Ohio, Michigan, and Florida below the line, along with Wyoming. The entire Southeast, out to New Mexico ($2.79) is under $3.00 a gallon. Gas in next door neighbor New Mexico is $3.44, making border hops appealing to cost-conscious drivers, though the gap continues to narrow.

Bitcoin

Early Sunday morning, bitcoin reached a new all-time high of $125,178.70. It has backed off some $2000+ dollars since.

This week: $112,895.70
Last week: $122,985.87
2 weeks ago: $109,980.20
6 months ago: $85,434.14
One year ago: $62,717.15
Five years ago: $13,798.80

Bitcoin got clubbed along with the stock market, hitting a low of $110,020 early Sunday. So much for it being a store of value, one of the many indicators for being actual money that it does not share with gold and silver, both of which were higher during the week and did not suffer a drawdown with stocks on Friday.

Year-to-date, bitcoin is up 21%, surpassed by gold (+51%), silver (+61%), and even eBay (+28%).

Precious Metals

Gold:Silver Ratio: 80.35; last week: 81.55 Silver/Gold %: 1.25%; last week: 1.23%

Per COMEX continuous contracts:

Gold price 9/12: $3,680.70
Gold price 9/19: $3,719.40
Gold price 9/26: $3,789.80
Gold price 10/3: $3,912.10
Gold price 10/10: $4,035.50

Silver price 9/12: $42.68
Silver price 9/19: $43.37
Silver price 9/26: $46.37
Silver price 10/3: $47.97
Silver price 10/10: $47.51

SPOT:
(stockcharts.com)
Gold 10/10: $4,015.59
Silver 10/10: $50.01

(Kitko)
Gold 10/10: Bid: 4,016.40; Ask: $4,018.40
Silver 10/10: Bid: $49.89; Ask: $50.01

The week saw silver make an historic rise above $50 at spot, reaching an all-time high, albeit for only moments, on Thursday morning before the riggers stepped in and brought it back down. Spot prices were dragged lower, but recovered, wiht the ask at 50.01 at the close on Friday. Silver was in backwardation at the COMEX, with future prices below spot through the week, but the chain itself was magically recified on Friday, as the current December contract is quoted laughably $47.51, and the further out contracts now higher, reaching as high as $49.87 a year out.

Anybody not buying these contracts is completely clueless. Spot prices are going well beyond $50 and, even if there's considation around this level, are likely to exceed $60 by April of 2026. The word got around that London's supply shortage was at a crisis level (almost empty), and silver was rushed via air from the United States. The destruction of London Loco, the LBMA, and the COMEX cannot happen soon enough. There's more than enough news about the long-overdue silver squeeze to fill a week's worht of posts. A few suggestions to get the low-down on what's happened and might soon happen are available from experts on the topic on youtube:

Live From the Vault with Andrew Maguire and Alisdair Macleod

Liberty and Finance: At $50, silver is just getting started.

Make sure to search on youtube for Michael Oliver, David Morgan and Craig Hemke. They have amazing insights.

At the end of this post, is a video by Chris Marcus of Arcadia Economics discussing the London Silver Short Squeeze.

Here are the most recent prices for common one ounce gold and silver items sold on eBay (free shipping included, numismatics excluded):

Item/Price	Low	High	Average	Median
1 oz silver coin:	52.00	58.00	54.28	53.48
1 oz silver bar:	52.95	59.99	55.58	55.77
1 oz gold coin:	4,087.98	4,333.80	4,214.08	4,195.51
1 oz gold bar:	4,159.15	4,296.15	4,210.42	4,205.32

The Single Ounce Silver Market Price Benchmark (SOSMPB) made another new record high since Money Daily began recording in 2020, of $54.78, a healthy gain of $1.40 from the October 3 price of $53.38 per troy ounce.

For newbies, buying silver at $50 an ounce or slightly higher might be worthwhile and only available briefly. Online retailers have prices well above spot, which is unlikely to fall much unless there's a major global recession. Even then, your dollars, yen, euros, or pounds are likely to be worthless. Your silver, otherwise, will have real value.

WEEKEND WRAP

On Thursday, October 9, all hell broke loose when silver broke through $50 on the spot market and threatened $50 on the COMEX. Friday's stock market selloff was the response. The reason silver over $50 is an existential threat to the global cabal of central banks, Western governments, and fiat currencies dates back to 1873, when the U.S. passed the Coinage Act of 1873, de-monetizing silver (Crime of ’73), and, later, in 1964, when silver was taken out of the general currency.

Silver is the stake which strikes through the heart of the banking vampires, who have stolen wealth from the rest of the world for centuries.

If, shortly after 6:00 pm ET Sunday, when markets open in Japan and elsewhere in the East, the carnage spreads and contagion is the result, the global reset will have begun in earnest. While it may not be apparent at first opportunity, nothing other than gold, silver and some real estate will be safe. With Western economies crumbling to ashes, their fiat currencies with them, a global depression cannot be discounted enough.

For those who feel compelled, rewatching "The Big Short" and/or "Margin Call" while drinking heavily may provide at least some, however temporary, relief.

At the Close, Friday, October 10, 2025:
Dow: 45,479.60, -878.82 (-1.90%)
NASDAQ: 22,204.43, -820.19 (-3.56%)
S&P 500: 6,552.51, -182.60 (-2.71%)
NYSE Composite: 21,096.92, -451.35 (-2.
09%) Dow Transports: 15,067.87, -516.50 (-3.31%)

For the Week:
Dow: -1,278.68 (-2.73%)
NASDAQ: -576.08 (-2.53%)
S&P 500: -163.28 (-2.43%)
NYSE Composite: -628.49 (-2.89%)
Dow Transports: -772.74 (-4.88%)

Chris Marcus of Arcadia Economics discusses the London Silver Short Squeeze:

In case the video does not appear, here's the youtube link.

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