This is perhaps the most important post anyone has ever made on Substack . This would be of enormous value to our community if you do a similar post monthly … nothing could possible be more impotent from an investment perspective . Thank you !
Thank you, Keith, that's very kind. Though I really don't think it's the most important post on Substack. But I'm really glad it landed. As for your suggestion, do you mean the Japan angle specifically or something else? Because if it's Japan, I've kind of already been doing it, I think :)
Excellent articles like this one are reconfirming to me: the fundamental analysis is of such high quality that I can also trust the SNAFU investment recommendations. I feel good about being a paying subscriber of Lau Vegys. (Actually my first paid subscription on Substack, after considering many others). Thanks for your work, Lau!
Thank you, Raffael. As I think I already told you, being someone's first paid subscription on Substack is a real honor, and I don't take it lightly. I really appreciate you being here and all your comments and feedback.
Lau really good, easy to follow (and I’ve read a lot on this issue but your article is clear and concise). One thing I want to ask given your background from the USSR - and given the truism that in markets when everyone thinks something is going to happen, often something different does. SO what does everyone think is going to happen: the Fed will print what’s needed as it always does. BUT, what if this time it’s different in that, as I understand happened in Russia (and elsewhere?), Russians woke to a total currency reset and were wiped out. What if ‘taking out the middle class’ - a demographic segment that’s already been whittled down over decades - is about to receive the fatal blow? The poor have had their necks under the fatal heel of government already, now it’s our turn?
As for your question, you're right to be suspicious of the comfortable consensus that "they'll just print." But we do have plenty of historical precedent for exactly that. Keep in mind, the dollar has lost more than 96% of its purchasing power since the Fed was created.
And for most people in the Soviet Union, the wipeout wasn't one dramatic overnight reset either. It was inflation grinding their savings down over a few years, with some very sharp shocks along the way. My own family lived through it.
But the big difference is that in America you can actually protect yourself. You can own gold, land, businesses, and other real assets the government can't simply print more of. That wasn't really an option in the Soviet Union.
Thanks Lau you have a gift of presenting the data the way Vin Skully used to call ball games. On the surface the information is dry and lifeless yet comes alive with the right touch and tone. 👏
When central banks refuse to be the last one holding a dead hand of worthless paper as Japan started to do aren’t metals the only game in town? Although 2026 has been a down year for metals isn’t it at least partially due to the men behind the curtain who turn free markets into their own rigged canasta game where they hold all the kings and aces? Won’t real $ soar at some point?
And yes, that's essentially my view. And of course, the obvious alternative to holding someone else's paper promises is something nobody can print. Whether the path there is smooth is another matter entirely.
As a man from the east you're gracious to put up with my baseball analogy:-) Safe it to say Vin was a craftsman with the language.
In your view what could continue forcing downward pressure on metals in an environment where interest rates, inflation, fiat freefall and financial market hijinks leave few options?
Well of course you are correct the word should have been important , as I said correctly in my first sentence . 99 percent of subscribers would have realized that this old man made a spelling mistake , but clearly not you .
It's felon Grifter is about to empty them all hail the king of bankruptcy the liar in Chief the orange White House menace 💩💩💩💩 hey we all live beyond his age of terror 🙏🙏🙏
This is perhaps the most important post anyone has ever made on Substack . This would be of enormous value to our community if you do a similar post monthly … nothing could possible be more impotent from an investment perspective . Thank you !
Thank you, Keith, that's very kind. Though I really don't think it's the most important post on Substack. But I'm really glad it landed. As for your suggestion, do you mean the Japan angle specifically or something else? Because if it's Japan, I've kind of already been doing it, I think :)
You may be using the wrong word? Lau's advice could hardly be IMPOTENT. Look up the word!
Then again, this set of facts certainly does highlight the investor impotence created by runaway government debt.
Obviously, you don’t read much Substack.
Fair enough, Xavier. Great last name, by the way.
Excellent articles like this one are reconfirming to me: the fundamental analysis is of such high quality that I can also trust the SNAFU investment recommendations. I feel good about being a paying subscriber of Lau Vegys. (Actually my first paid subscription on Substack, after considering many others). Thanks for your work, Lau!
Thank you, Raffael. As I think I already told you, being someone's first paid subscription on Substack is a real honor, and I don't take it lightly. I really appreciate you being here and all your comments and feedback.
Excellent focused post on the federal debt problem. This should be required reading for every human.
Much appreciated, bkrg2.
Lau really good, easy to follow (and I’ve read a lot on this issue but your article is clear and concise). One thing I want to ask given your background from the USSR - and given the truism that in markets when everyone thinks something is going to happen, often something different does. SO what does everyone think is going to happen: the Fed will print what’s needed as it always does. BUT, what if this time it’s different in that, as I understand happened in Russia (and elsewhere?), Russians woke to a total currency reset and were wiped out. What if ‘taking out the middle class’ - a demographic segment that’s already been whittled down over decades - is about to receive the fatal blow? The poor have had their necks under the fatal heel of government already, now it’s our turn?
As for your question, you're right to be suspicious of the comfortable consensus that "they'll just print." But we do have plenty of historical precedent for exactly that. Keep in mind, the dollar has lost more than 96% of its purchasing power since the Fed was created.
And for most people in the Soviet Union, the wipeout wasn't one dramatic overnight reset either. It was inflation grinding their savings down over a few years, with some very sharp shocks along the way. My own family lived through it.
But the big difference is that in America you can actually protect yourself. You can own gold, land, businesses, and other real assets the government can't simply print more of. That wasn't really an option in the Soviet Union.
Thanks Lau you have a gift of presenting the data the way Vin Skully used to call ball games. On the surface the information is dry and lifeless yet comes alive with the right touch and tone. 👏
When central banks refuse to be the last one holding a dead hand of worthless paper as Japan started to do aren’t metals the only game in town? Although 2026 has been a down year for metals isn’t it at least partially due to the men behind the curtain who turn free markets into their own rigged canasta game where they hold all the kings and aces? Won’t real $ soar at some point?
Thanks, Henry. That's quite a compliment!
And yes, that's essentially my view. And of course, the obvious alternative to holding someone else's paper promises is something nobody can print. Whether the path there is smooth is another matter entirely.
As a man from the east you're gracious to put up with my baseball analogy:-) Safe it to say Vin was a craftsman with the language.
In your view what could continue forcing downward pressure on metals in an environment where interest rates, inflation, fiat freefall and financial market hijinks leave few options?
You all vote, I hope. So what is the solution to runaway debt? To exterminate politicians?
Either that, or understand that there probably isn't a collective solution to this anymore, only individual ones.
Creating parallel societies.
Thank you Lau, all very precise. The petrodollar prop is being pulled away and bonds are noticing: https://austrianpeter.substack.com/p/the-financial-jigsaw-part-2-89-the?
Well of course you are correct the word should have been important , as I said correctly in my first sentence . 99 percent of subscribers would have realized that this old man made a spelling mistake , but clearly not you .
Empty ur Pockets
It's felon Grifter is about to empty them all hail the king of bankruptcy the liar in Chief the orange White House menace 💩💩💩💩 hey we all live beyond his age of terror 🙏🙏🙏