ALL THINGS BIG AND SMALL 2.0

  24 JULY: KEY DATE FOR GOLD INVESTORS. A major regulatory enforcement action will come into effect on 24 July 2026 in China. Chinese mega-banks are officially shutting down all intermediary services for retail investors to trade leveraged and paper precious metals contracts linked to the Shanghai Gold Exchange (SGE). This action is being led by Industrial and Commercial Bank of China (ICBC)—the world’s largest bank by assets—alongside other state-owned giants like Postal Savings Bank of China, Ping An Bank, and China Guangfa Bank. • The Specific Targets: The ban completely turns off retail access to deferred delivery contracts like Au(T+D). These are the highly speculative, margin-funded instruments that allow ordinary retail investors to short or long gold using leverage through their mobile banking apps. • The Deadline Rule: After settlement on 24 July, retail traders can no longer open any new positions. Any remaining leveraged contracts must be manually closed out or taken to ...

 Here’s a plain‑English way to think about the “trifecta” idea — USD devaluation, gold revaluation, and government-issued stablecoins — and how, in theory, they could be used to shrink or “reset” the burden of the $36T federal debt. Important upfront note: This is speculative. There is no official plan. Parts of this would face legal, political, and market‑confidence constraints. I’ll explain the mechanics simply, then the limits. How each lever works on its own 1) Devaluing the dollar (inflation/FX) - What it is: Let prices rise faster than interest costs for a while (or allow the dollar to fall versus other currencies). That makes old, fixed‑amount debt cheaper to repay in “today’s” dollars because each dollar is worth less. - Why it reduces the burden: If you owe a fixed $36T and the general price level rises 20%, the real (inflation‑adjusted) value of that debt falls by roughly 20% over time, as long as interest costs don’t fully catch up right away. - The catch:   - Credi...