Thank you Bill for the reminder of what is set up to occur. I forwarded the message to my sons who are focused on supporting their families and don't set aside enough time to monitor who is managing their savings. My comment to them was "We can't change history after the fact, we can prepare for it before the fact."
With all of the circular financing of the Magnificent Seven the bubble is like an army of one legged men trying to march off to battle.
Worth repeating 10 times: "We can't change history after the fact, we can prepare for it before the fact."
In the last couple days Tom and Bill both advised, "Buy stuff, not paper", but Tom gives us the chart of all of our current paper investments....to sell?
What's our call to action today, 11 Sept 2026? A couple months ago I missed it by 4 days regarding silver and lost a very profitable opportunity.
"Gold is not perfect money". I wonder what "PERFECT" money would be? So, I asked Claude about it and here is what Claude responded.......
"Perfect money" is a fun thought experiment — economists have actually debated this for centuries. There's no single agreed answer, but here's the shape of it:
The classic checklist (what money needs to do well)
Medium of exchange — widely accepted, so you don't need double coincidence of wants (I have wheat, you have shoes, we both want what the other has).
Store of value — holds purchasing power over time, doesn't decay or get stolen easily.
Unit of account — lets you compare the value of very different things (an hour of labor vs. a loaf of bread) on one scale.
Standard of deferred payment — works for debts and contracts across time.
Properties "perfect" money would maximize
Divisible — splits into small units without losing value (a diamond fails here; you can't pay for coffee with a sliver of one).
Durable — doesn't rot, rust, or evaporate.
Portable — high value-to-weight ratio.
Fungible — one unit is interchangeable with another (a $10 bill is a $10 bill; a used car is not equivalent to another used car).
Scarce but not too scarce — supply can't be arbitrarily inflated, but there's enough to go around.
Verifiable — easy to check it's genuine, hard to counterfeit.
Stable in value — doesn't wildly swing so people can plan and save.
Where it gets contested
No real-world money hits all of these perfectly, and that's where the interesting disagreements live:
Gold is durable, scarce, and hard to counterfeit, but it's heavy, hard to divide precisely, and its supply doesn't track economic growth — this is the classic gold-standard argument.
Fiat currency (like the dollar) is easy to move digitally and can be managed to smooth out shocks, but its value depends entirely on trust in the issuing institution and can be inflated away.
Cryptocurrencies were designed to be scarce and hard to counterfeit without a central authority, but volatility and complexity work against them as everyday money.
Some economists argue perfect stability is actually undesirable — a little controlled inflation encourages spending over hoarding, which is a value judgment, not a purely technical one.
So "perfect money" isn't really a solvable engineering problem — it's a set of trade-offs, and which trade-offs matter most depends on what you're optimizing for: stability, decentralization, ease of use, or resistance to manipulation.
Like everything in life - choosing your "trade-offs" wisely is essential. Choose Wisely, my Friends, Choose Wisely.
As I learned years ago while serving in the Mekong Delta of South Vietnam never trust government nor the political self serving parasites who are part of the criminal club. I realized once Nixon destroyed our monetary system by decoupling our paper dollar from gold that the government and the bankers were sitting in the favorable position of screwing the working taxpaying citizens out of their wealth by way of inflation. I was a young educated chemical engineer and started to purchase small quantities of physical gold as an alternative to the then bullshit fiat dollar, physical gold has served me well since that decision! God Bless all who have both the foresight and intellect to know the intentions of the self serving globalist parasites!
Fully agreed, Harold. Sometimes it is interesting to review. "Perfect money" - interesting concept and it is again - from time to time - consider what "trade-offs" one might consider. If not, my apology for wasting your time.
Stuff, commodities or finished products, are difficult and costly to store, protect and prevent deterioration in most instances. Paper, stocks, bonds, loans, fiat currencies, etc. are dependent
on the worthiness of the parties and the profitability and trust worthiness of the parties involved. On top of this, when the government and the justice system becomes untrustworthy,
then nothing is safe. Without trust and justice civilization can not survive ,at least not in the manner I want to live.
As long as we have a decent pile of cash, at least a year of all expenses, and a BIG pile of that old yellow relic, we should be able to sleep at night.
brilliant anal-sis of all financial indicators .. sadly their are no tools that actually measure or indicate human stupidity, maybe BPR we'll come up with a Jungian or Freudian or Kant indicator ?
Well, since BPR has offered no answer to my question, it’s probably time for a different newsletter. Hoarding more gold - as Tom concedes - will not produce a bit of needed income for a retiree. And gold seems to be the main emphasis of BPR.
Same thing I was thinking about the other day. Will AI have ambition, desire, competitiveness, envy, greed, the will to survive and dominate? Will they compete against humans and other AIs. We may soon find out.
well in My comfy arm chair , I do not think that a machine can think. I can think because I am human . A machine has to be programmed . Another scare tactic by government , or should I say the NWO?
The only thing that I remember from school is adding and subtracting . Pretty well all the "other " stuff was not a threat to Me. Life is and still is My teacher!
Excellent post, Bill. It appears Trump and company must keep the market going into midterms. I have no doubt they will manage that, although it seems impossible at the same time. What I also think is most likely is exactly what Tom says i.e. he and his wife are buying gold. Once we get past midterms and Trump and team have played out the credit boom, to the end, the government will have to buy AI. It has no profits and who else can "afford" it even at yard sale prices? It sure isn't going to be private credit. The gov is going to need it to compete with the commies and there are lots of them, like all the globalists who are already in bed with Xi. Actually not a bad strategy, in a way. It's a good thing we have Venezuelan oil and Iranian oil under our control for this mess. Hold things together till midterms are over, let the EU collapse, all those commies and their welfare state. Then hand the whole mess over to the commies and let them deal with their spendthrift Keynesian economics. Maybe they can write another book on Modern Monetary Theory and we can see how that works out for them. I'd take my chances on that scenario. Who is going to have the most CONFIDENCE on their side?
Aren't we all commies now? The Federal government is buying or appropriating shares in publicly traded companies. Flock cameras are being installed everywhere to track our movements. Our Central Planning Committee, the Fed, is controlling interest rates instead of letting the free markets do it. In fact, Stasi or the KGB would have loved to have the tools of Palentir to spy on their subjects. Even appropriating Venezuelan oil is much closer to communism that capitalism.
Yes. It sounds like we're back in the 50s and 60s with theMcCarthy hearings blacklists, and the cross dressing J. Edgar Hoover at the FBI finding commies everywhere. He even had the Kingsmen followed because he thought the barely intelligible lyrics of their version of Louie, Louie were subversive.
Thank you Bill for the reminder of what is set up to occur. I forwarded the message to my sons who are focused on supporting their families and don't set aside enough time to monitor who is managing their savings. My comment to them was "We can't change history after the fact, we can prepare for it before the fact."
With all of the circular financing of the Magnificent Seven the bubble is like an army of one legged men trying to march off to battle.
Worth repeating 10 times: "We can't change history after the fact, we can prepare for it before the fact."
In the last couple days Tom and Bill both advised, "Buy stuff, not paper", but Tom gives us the chart of all of our current paper investments....to sell?
What's our call to action today, 11 Sept 2026? A couple months ago I missed it by 4 days regarding silver and lost a very profitable opportunity.
"Gold is not perfect money". I wonder what "PERFECT" money would be? So, I asked Claude about it and here is what Claude responded.......
"Perfect money" is a fun thought experiment — economists have actually debated this for centuries. There's no single agreed answer, but here's the shape of it:
The classic checklist (what money needs to do well)
Medium of exchange — widely accepted, so you don't need double coincidence of wants (I have wheat, you have shoes, we both want what the other has).
Store of value — holds purchasing power over time, doesn't decay or get stolen easily.
Unit of account — lets you compare the value of very different things (an hour of labor vs. a loaf of bread) on one scale.
Standard of deferred payment — works for debts and contracts across time.
Properties "perfect" money would maximize
Divisible — splits into small units without losing value (a diamond fails here; you can't pay for coffee with a sliver of one).
Durable — doesn't rot, rust, or evaporate.
Portable — high value-to-weight ratio.
Fungible — one unit is interchangeable with another (a $10 bill is a $10 bill; a used car is not equivalent to another used car).
Scarce but not too scarce — supply can't be arbitrarily inflated, but there's enough to go around.
Verifiable — easy to check it's genuine, hard to counterfeit.
Stable in value — doesn't wildly swing so people can plan and save.
Where it gets contested
No real-world money hits all of these perfectly, and that's where the interesting disagreements live:
Gold is durable, scarce, and hard to counterfeit, but it's heavy, hard to divide precisely, and its supply doesn't track economic growth — this is the classic gold-standard argument.
Fiat currency (like the dollar) is easy to move digitally and can be managed to smooth out shocks, but its value depends entirely on trust in the issuing institution and can be inflated away.
Cryptocurrencies were designed to be scarce and hard to counterfeit without a central authority, but volatility and complexity work against them as everyday money.
Some economists argue perfect stability is actually undesirable — a little controlled inflation encourages spending over hoarding, which is a value judgment, not a purely technical one.
So "perfect money" isn't really a solvable engineering problem — it's a set of trade-offs, and which trade-offs matter most depends on what you're optimizing for: stability, decentralization, ease of use, or resistance to manipulation.
Like everything in life - choosing your "trade-offs" wisely is essential. Choose Wisely, my Friends, Choose Wisely.
As I learned years ago while serving in the Mekong Delta of South Vietnam never trust government nor the political self serving parasites who are part of the criminal club. I realized once Nixon destroyed our monetary system by decoupling our paper dollar from gold that the government and the bankers were sitting in the favorable position of screwing the working taxpaying citizens out of their wealth by way of inflation. I was a young educated chemical engineer and started to purchase small quantities of physical gold as an alternative to the then bullshit fiat dollar, physical gold has served me well since that decision! God Bless all who have both the foresight and intellect to know the intentions of the self serving globalist parasites!
"Asking Claude"? I don't think most of us actually learned anything that we already didn't know!
Fully agreed, Harold. Sometimes it is interesting to review. "Perfect money" - interesting concept and it is again - from time to time - consider what "trade-offs" one might consider. If not, my apology for wasting your time.
that's why we call it Artificial intelligence or is that actually artificial stupidity ..?
Haven't we heard all this before ? We were all waiting for computers to go belly up on 1st January 2000 and what happened. Nothing -Zilch.
So now we have to wait for AI to get rid of mankind ? Some excitement this waiting-maybe its the "real" thing !
Stuff, commodities or finished products, are difficult and costly to store, protect and prevent deterioration in most instances. Paper, stocks, bonds, loans, fiat currencies, etc. are dependent
on the worthiness of the parties and the profitability and trust worthiness of the parties involved. On top of this, when the government and the justice system becomes untrustworthy,
then nothing is safe. Without trust and justice civilization can not survive ,at least not in the manner I want to live.
As long as we have a decent pile of cash, at least a year of all expenses, and a BIG pile of that old yellow relic, we should be able to sleep at night.
Jim Marshall
The Big Warsh was hired to decrease interest rates, not to increase interest rates.
Sometimes a position is offered to the 'fall guy' rather than an individual who has a mission to accomplish.
brilliant anal-sis of all financial indicators .. sadly their are no tools that actually measure or indicate human stupidity, maybe BPR we'll come up with a Jungian or Freudian or Kant indicator ?
I'd say the Darwin Awards are/were the closest measure I've heard about.
So what’s a retiree that needs their investment/savings/retirement account to generate income to do?
Well, since BPR has offered no answer to my question, it’s probably time for a different newsletter. Hoarding more gold - as Tom concedes - will not produce a bit of needed income for a retiree. And gold seems to be the main emphasis of BPR.
Ai is said to "take over".
To do so Ai must have a "survival" code.
When Ai battles for its selected realm.
Does it attack another Ai?
Will Ai engage in mortal combat against one another?
Watchbird - flying peacefully over a dead world?
I don't worry about it. This is a short life, then we wake up dead and happy, everyone. I try to make it happy for everyone here and now.
As I have grown older.
I traded "happy" for joy.
And "fun" for comfort.
Not by choice...
But just by getting older.
Same thing I was thinking about the other day. Will AI have ambition, desire, competitiveness, envy, greed, the will to survive and dominate? Will they compete against humans and other AIs. We may soon find out.
Trained on all human writings to mimic human thinking. I'd say very good chance it will mimic human nature. My AI can beat up your AI.
...oh yeah?
After school behind the backstop.
...and don't bring any of your other ugly Ai friends!
well in My comfy arm chair , I do not think that a machine can think. I can think because I am human . A machine has to be programmed . Another scare tactic by government , or should I say the NWO?
... it can think.
It can reason with that what is available to it.
Sure, programmers had to stuff it full of crap in order to do so.
So, it also has bias.
-
But...then what did you learn in school?
What would we know if we weren't stuffed full a crap too?
The only thing that I remember from school is adding and subtracting . Pretty well all the "other " stuff was not a threat to Me. Life is and still is My teacher!
We WILL find out.
I am making contingent prepper plans...
Excellent post, Bill. It appears Trump and company must keep the market going into midterms. I have no doubt they will manage that, although it seems impossible at the same time. What I also think is most likely is exactly what Tom says i.e. he and his wife are buying gold. Once we get past midterms and Trump and team have played out the credit boom, to the end, the government will have to buy AI. It has no profits and who else can "afford" it even at yard sale prices? It sure isn't going to be private credit. The gov is going to need it to compete with the commies and there are lots of them, like all the globalists who are already in bed with Xi. Actually not a bad strategy, in a way. It's a good thing we have Venezuelan oil and Iranian oil under our control for this mess. Hold things together till midterms are over, let the EU collapse, all those commies and their welfare state. Then hand the whole mess over to the commies and let them deal with their spendthrift Keynesian economics. Maybe they can write another book on Modern Monetary Theory and we can see how that works out for them. I'd take my chances on that scenario. Who is going to have the most CONFIDENCE on their side?
Aren't we all commies now? The Federal government is buying or appropriating shares in publicly traded companies. Flock cameras are being installed everywhere to track our movements. Our Central Planning Committee, the Fed, is controlling interest rates instead of letting the free markets do it. In fact, Stasi or the KGB would have loved to have the tools of Palentir to spy on their subjects. Even appropriating Venezuelan oil is much closer to communism that capitalism.
lol.. watch out! reds under the beds nibbling your toes again! The online disinhibition of the aged Yank is hilarious.
Yes. It sounds like we're back in the 50s and 60s with theMcCarthy hearings blacklists, and the cross dressing J. Edgar Hoover at the FBI finding commies everywhere. He even had the Kingsmen followed because he thought the barely intelligible lyrics of their version of Louie, Louie were subversive.
So
1. avoid debt like the plague,
2. have a 1-2 year supply of food, clothing, fuel, and if possible money (short-term), and gold (long term).
3. Relocate, if necessary & possible, to a secure, friendly place - as the BPR team has long advocated and exemplified.
Seems simple, but not easy.
Then there's Tom and Bill's call to action this week...