Wednesday, September 9, 2026

The True Extent of Fallout From US’s Defeat in Iran Is Still Being Processed

by Simplicius, Simplicius:

The latest WSJ report sheds new light on the origins of Trump’s Iranian debacle, which confirms virtually everything we had already guessed:

It begins by describing how Netanyahu reassured Trump Iran was at its β€œweakest point in decades”, while Trump’s own intel analysts via Gabbard’s DNI warned him that killing Khamenei would merely install much more hardline figures who would rush to close the Strait of Hormuz, amongst many other things which predicted the eventualities that ensued almost perfectly:

Europe’s Digital Euro Is Coming in 2029

by Martin Armstrong, Armstrong Economics:

The European Central Bank is moving ahead with theΒ digital euroΒ and expects to begin a 12-month pilot during the second half of 2027. Thirty-six banks and payment providers have already been selected to participate, legislation is expected to be completed by the end of 2026, and the ECB intends to be ready for a potential first issuance during 2029. Brussels is spending approximately €1.3 billion to prepare the system, with projected operating costs of €320 million annually beginning in 2029, while pretending the final decision has not already been politically engineered.

The Fed Owns Over 50% Of All Bonds Maturing Between 10 And 15 Years From Now

from ZeroHedge:

Submitted by Peter Tchir ofΒ Academy Securities

Treasuries, Treaties, and Treatises

Let’s start with Treasuries. We laid out the approach we would take if we were Warsh last weekend in Warsh’s Mark Antony MomentΒ (a play on coming to β€œbury” inflation, yet having quite the opposite effect, at least in terms of interest rate policy).

After Bessent’s β€œattempt” to drive bond yields lower, we analyzed the possibilities inΒ Treasury, Treasuries, The Fed, and Iran. The primary focus was on bonds, though we had to toss in the β€œpossibility” of Economic Armageddon for Iran.

Good Morning Farmers. Diesel Is Only 27 Cents from a Record High

by Mish Shedlock, Mish Talk:

And crude is soaring again so Diesel rates to jump again tomorrow.

I wonder when farmers get the message that Trump does not exactly have their interest in mind.

His big concerns at the moment are the ballroom and ducking the fallout from the Epstein files.

A Day Of Reckoning Arrives For U.S. Treasuries Just As The U.S. National Debt Reaches $40,000,000,000,000

by Michael Snyder, The Economic Collapse Blog:

We all knew that this was coming. For ages, people like me have been ranting that we would be facing a financial nightmare if we didn’t get the national debt under control. Of course most of the population didn’t want to listen, and they just kept sending big spenders back to Washington. Now we are 40 trillion dollars in debt and we are spending well over a trillion dollars a year just in interest on that debt. Nobody can deny that we have reached a stage where our debt spiral is totally out of control.Β The federal budget deficit for the month of July wasΒ 432 billion dollars. Interest on the national debt for the month of July wasΒ 118 billion dollars. Now Treasury yields are spiking as investors become hesitant to buy more of our debt. Borrowing costs are rising to very alarming levels, and we are in far more trouble than most people realize.

Silver Above $60? Price Trends & Mining Supply

by Craig Hemke, Sprott Money:

Lon Shaver joins Craig Hemke for Sprott Money to discuss silver price trends, gold price, mining supply, silver miners, costs and precious metals demand.

The precious metals market has entered a period of consolidation after extraordinary gains, but Silvercorp Metals President Lon Shaver believes the underlying silver outlook remains constructive. Speaking with Sprott Money host Craig Hemke in August 2026, Shaver discussed silver prices, constrained mine supply, production economics and Silvercorp’s expansion plans across China, Ecuador and Kyrgyzstan. Despite silver retreating from earlier highs, Shaver emphasized the importance of perspective.

“Doom Loop” Engaged: US Debt Hits $40 Trillion As Treasury Enters The Endgame

from ZeroHedge:

It took the US 200 years to reach its first $1 trillion in debt. It took 95 days to add its last.

AfterΒ several weeks of build up,Β today theΒ Treasury announcedΒ thatΒ total public debt surpassed $40 trillion for the first time,Β after jumping by over $60 billion in one day,Β and has now surged by $1 trillion in just over three months, and by a third of the total in less than five years, as US lawmakers continue to ignore calls to contend with historically wide fiscal deficits.