MAGA represents a complete unwinding of the 40-year economic paradigm in which manufacturing was offshored to Asia, funded through debt and credit, with cheap goods returned to the US at inexpensive prices; Trump proposes reversing this entire model by rebuilding production in the US.

The stock market rallied primarily due to money from COVID stimulus flowing into the Magnificent Seven tech stocks, not from fundamental economic improvement; meanwhile, the bond market's rising rates signal actual inflation, which contradicts the narrative that stock gains represent genuine wealth creation.

For the last 40 years, whenever the Fed cut interest rates, long-term interest rates tended to decline; however, this time the Fed signaled rate cuts and long-term rates increased instead—a complete divergence from 40 years of market behavior, indicating something structurally different is happening.

Judy Shelton is an important figure because she was nominated by Trump to replace Janet Yellen at the Fed, was supported by Ron Paul (oversees Fed via Hawley committee), and is now working with Elon Musk on the DOGE commission, positioning her to influence monetary policy.

Gold is in the middle of all solutions—whether inflation or reset occurs—because 4,000 years of history confirms that 'gold is money, everything else is credit' (JP Morgan's principle), and credit is ultimately the problem that must be resolved.

The US dollar's status as reserve currency is at risk; Trump may signal a return to either a fiat dollar or a gold-backed dollar as the reserve currency, echoing Roosevelt's 1933 monetary reset.

Judy Shelton (Trump's treasury nominee and a gold standard advocate) proposed issuing a $5 trillion bond paid over 50 years backed by US gold reserves; this would equate to ~$15,000 per ounce of gold (based on 8,000 tons), matching Roosevelt's 1933 revaluation strategy.

1932 is the most important historical parallel to today because it combined both economic crisis (like 1981) AND political breakdown (unlike 1981), creating systemic stress; current political fracturing in Canada, France, and Korea signals we are in a 1932-type scenario.

In a fiat system where government backing may not be reliable, political breakdown threatens the value of all credit instruments because every bit of credit is backed by a government that might not exist to pay you back; this is why gold becomes critical when political systems fracture.

The 1973 creation of the fiat system (Nixon removing the gold peg) allowed a debt bubble to grow to trillions of dollars that will never be paid back; this debt can only be resolved through a reset, not through inflation or growth.

Gold is already performing its role as institutional investors and central banks allocate to it, even though most retail investors don't yet recognize it; gold's rise is signaling the imminent shift.

Agnico Eagle (AEM) is Carrasco's top gold mining pick since 2015; it produces gold at below CAD $1,000 per ounce at CAD $4,000 per ounce, creating a large margin that will expand further as gold prices rise.

Most sectors cannot keep up with inflation and currency depreciation except precious metals; therefore, institutional investors and pension funds will be forced to migrate into precious metals to maintain purchasing power, regardless of their current preferences.

Canadian pension plans have no hedges for the inflationary storm already starting, which will create problems as the inflation accelerates; they need to be warned and repositioned.

Roosevelt and Churchill handled monetary crises by raising the price of gold; Isaac Newton set the gold standard in 1776 and John Law helped establish it for the same reasons—gold is money, not just a commodity.

Rick Rule (a prominent mining investor) bought a stock for $1 that fell to 10 cents, only to sell it at $10, demonstrating the massive returns available during mining cycles when prices are suppressed.

A monetary reset does not mean default; it means devaluing the old debt currency so it is repaid with a new currency worth much more in gold terms; old bondholders are not defaulted on, just repaid with devalued currency (similar to currency redenominations in Argentina and other countries).

This same reset mechanism has occurred in Germany and Britain after WWI; it is a recurring pattern in monetary history, not a novel occurrence.

Currently, when Trump cuts tariffs or makes other policy announcements, he is being strategic about noise and negotiation; for example, saying Spain is part of BRICS is clearly incorrect, but may be deliberate signaling.

BRICS (and the movement away from the Western dollar system) cannot be as inconsequential as the media claimed two years ago; if it's being addressed now by Trump in policy discussions, it must be a real force.