The breath in the US market has only
been this bad twice in all of the last
100 years. In both cases, the S&P
dropped nearly 50%. 86% of the S&P 500
is a bare market. Rates are going to hit
8%. I don't know what fantasy world
people are in if they think the consumer
is in such good shape. This is the type
of inflationary psychology that can
really spiral because now you have
hoarding. the shelves are going to empty
out and then the merchants are going to
see all of this and they're going to
jack up their prices even faster when
they see all of this demand. It's
already repeated twice. Why not a third
time? Remember the most dangerous words
in…
Here's an example of capitalism versus socialism: In the two years before the government took over running my bank, we fully repaid over 4,500 customers 100% of their deposits. In the four years since the government took over the job of repaying customers, only 78 have been paid!
The Puerto Rico government put my completely solvent bank into receivership under the pretense of protecting customers, who needed no protection at all, as there was more than enough cash in the bank to repay every customer in full. But now, thanks to the government's "help," customers need protection from the Receiver.
The Receiver was put in charge of my bank over four years ago. Over that time, he has paid a total of 78 customer claims out of thousands of customers, including the 27 he paid in Q2 of 2026. During that quarter, he paid himself $109,732 and paid another $59,242 in bills the bank supposedly incurred, despite it not being in b…
Investors are ignoring a 5.2% yield on 10-year Treasuries as it’s too low to compete with the high returns they expect to earn on stocks. Bond yields must rise until they’re high enough to compete. If that’s 10%, interest payments will soon consume 100% of federal tax revenue.
In our investment research publication, Strategic Assets, the Schiff Sovereign team turned bullish on gold and silver miners at the end of 2024. They featured a number of miners over the next few months, one silver miner they wrote about during the tariff panic in April 2025 went on to 10x in just 10 months.
At the beginning of this year, the team warned subscribers that precious metals sentiment was getting euphoric and that it made sense to lock in those gains just before silver had a huge correction.
They are now giving away a free sample issue from April 2026. In it you can read why they bought back into that same silver miner in April …
The former CEO of Nodus Bank in Puerto Rico was sentenced to 9 years in prison for wire fraud and conspiracy to evade U.S. sanctions. OCIF worked with IRS-CI on the investigation. Yet there was no press conference to announce a guilty bank the way there was for my innocent bank.
Stock market investors continue to shrug off the rise in bond yields, despite no indication that the rise will end anytime soon. The 10-year Treasury yield is 5.21% and the 30-year yield is 5.52%. 30-year mortgage rates already exceed 7.25% and could easily hit 7.5% next week.
Another day, another high in bond yields. The 10-year Treasury now yields 5.2% and the 30-year yields 5.48%. Enjoy these low rates while you can as they won't last long. Soaring government spending, debt, inflation and de-dollarization will drive rates much higher. Got gold?
On the morning that IRS-CI Chief Jim Lee spoke at the OCIF press conference to announce the closure of my bank, so that the IRS and the J5 could use the action to frame my bank for tax evasion and money laundering, thereby fraudulently embellishing their reputation for crime fighting, Lee sent an email to Justin Cole, Director of Communications for IRS-CI, that asked seven questions.
Cole then forwarded the email to Special Agent Gary Shapley, who supplied answers to five questions, leaving the other two unanswered. One question asked, “What is happening to the owners of the bank?” and the other asked, “Give me 2 brief examples (typologies) …
I just learned from another IRS email produced as a result of my winning FOIA lawsuit against the IRS that the IRS and OCIF executed a MOU regarding their joint action against my bank. This revelation provides more evidence that both former IRS-CI Chief Jim Lee and former OCIF Commissioner Natalia I. Zequeira Díaz lied when they told the public that OCIF's action against my bank was made completely independent of the IRS.
For the last four years, our investment research at Schiff Sovereign has focused on strategic assets. We have featured companies that produce precious metals, industrial metals and energy as well as shipping companies and more besides.
As of the beginning of this month the average return on closed out positions was an impressive 172%. And among the open positions the team have researched, the average is up 82%.
Click https://t.co/0us1eVQV8K foe the full breakdown
The 30-year fixed-rate mortgage is now 7.1%. But in 2023, the rate peaked at about 7.8%, despite 10-year Treasury yields being lower than they are now. This is mainly due to Trump ordering the GSEs to buy mortgages, artificially lowering rates, but exposing the GSEs to losses.
Diesel prices are at another all-time
record high. They're now above $6.5 a
gallon for diesel. And in fact, in some
parts of the country, like California,
they're up to 10 bucks. We got to be
getting close to a point where we can't
tap into the strategic petroleum reserve
anymore. And then prices are really
going to skyrocket. When we eventually
run out of oil from the strategic
reserve, we're going to have a huge
increase in the price of oil. And of
course, what happens if we get a real
emergency, the type of emergency that
the strategic reserves were established
to help us deal with? Well, we don't
have it, right? We've used up all of our
r…
Today the McDonald’s CEO said he thinks “inflation’s going to be with us for, unfortunately, many more years at an elevated level.” In contrast, Warsh claims that inflation expectations remain well anchored at 2% and that the Fed will deliver 2% inflation. Who do you believe?
The 5-year Treasury yield is over 5%. The 2-year will soon follow. Next year the entire yield curve will have a 5% handle or higher. At 5% the annual interest cost of our $40 trillion national debt will be $2 trillion, 35% of tax revenue and a larger expense than Social Security.
The 30-year Treasury yield is 5.41%, a new twenty-two-year high. But given that the 10-year yield is 5.12%, the 30-year yield needs to adjust higher, as 29 basis points is not nearly enough extra yield to compensate for an extra twenty years of high inflation and default risk.
The ten-year yield is over 5.1% now. At some point stock market investors will have to take notice of this development, not just the current level, but the powerful trend that will likely send the yield significantly higher from here. This is bad news for stocks and the economy.
Ten-year Treasury yields are at a new 19-year high today, above 5.08%. The rise has been very orderly, yet relentless, and there is no indication it's going to stop anytime soon, given the high risk of rising inflation eroding the value of both interest and principal payments.
Gold & silver are forming a very strong base from which the next leg of this historic bull market will be built. Don't wait for the explosive move up. The smart money is buying now in anticipation of that move. Download our app to make buying even easier. https://t.co/CY02g7NyCR
During its last Bitcoin selling spree, Strategy sold 6,948 Bitcoin for approximately $431.8 million in net proceeds, or about $62,150 per Bitcoin. Now he's buying back some of what he sold for over $80K per Bitcoin. It won't be long before he's selling at lower prices again.
Bitcoin rallied big yesterday. The catalyst seemed to be Strategy's latest Bitcoin buy and self-serving bullish comments from @Saylor that the failure to pass the Clarity Act is actually bullish for Bitcoin. I'm sure he'd have said the same thing had the Act been passed into law.
Back in the late 1800s and early 1900s when millions of immigrants flooded our shores, no paperwork was required to immigrate. No passports, visas, or work permits. Anyone who could afford a ticket could board a ship, arrive in America, answer a few basic questions, and be on their way.
They could stay as long as they wanted, work wherever they wanted, buy property, start businesses, and basically do anything any American citizen could do. In fact, in most states, they could legally vote in local, state, and even national elections, subject to the same poll tax, literacy test, or other qualifications required of American citizens.
If they w…
For those of you who thought I was hiding during today’s big Bitcoin rally, I was observing the Jewish holiday of Yom Kippur. Now I’m off to break the fast, but I’ll have plenty to post about the rally tomorrow, assuming it holds up.
After failing to get a deal to purchase or annex Greenland, Trump finally gave up and declared victory on social media. He settled for some enhancements to the existing structure, but the public shakedown did more harm to America's reputation than the benefits of the concessions.
Despite Republicans controlling both houses of Congress, neither body will investigate the IRS despite my having already found overwhelming evidence of abuse of power and obstruction of justice. Republicans want IRS abuse to continue so they can exploit it as a campaign issue.
After nearly four years and three months, another one of the thousands of customers of my bank finally got his money back. Of course, had OCIF not done a favor for the IRS by illegally putting my completely solvent bank into receivership purely as a publicity stunt for the J5, so they could turn their failed Atlantis investigation into a fake success, he could have withdrawn all of his money over four years ago.
Even if there had been a legitimate regulatory reason to shut down my bank, there was no need to appoint a Receiver to return deposits. I offered to liquidate the bank myself and personally guarantee the return of all deposits. But t…
Just wrapped up the Schiff Sovereign Plan-B Conference in Panama. What an amazing country, with so much to offer. It was great to have the mayor of Panama City and future president as our special guest. @Mayer @thesovereignman https://t.co/v40Mfzq4ud
Yesterday’s big Bitcoin rally following the SEC’s tokenized stock announcement makes no sense. The news is actually bearish for Bitcoin, which must now compete with tokenized securities. Digital ownership of tokens backed by profitable, dividend-paying companies is a superior, more reliable store of value than a token backed by nothing. Tokenized stocks offer all of the conveniences of Bitcoin, but without the risk of a decentralized Ponzi scheme collapsing.