DINARRECAPS8 10/5/23 DINARRECAPS8 10/5/23

AOC Wants You To Be Rich. Just Not The Way That You Think

Notes From the Field By Simon Black October 4, 2023

When Julius Caesar first crossed the English channel and invaded Great Britain in 55 BC, he thought it was primitive, barbaric, and uncivilized… especially when compared to the splendor of Rome.

But Caesar knew it had potential. He wrote to his colleagues back in Rome that Britannia had vast minerals, timber, and livestock, and that it could provide excellent resources for the Empire.

The Senate concurred. And though it took nearly 100 years, Rome eventually conquered Britannia and made it an imperial province.

DINARRECAPS8 9/25/23 DINARRECAPS8 9/25/23

Why Real Assets Are a Safe Haven Against Inflation

Notes From The Field By Simon Black September 25, 2023

The first time I ever visited Zimbabwe in late 2010, the country was barely one year removed from the end of its legendary hyperinflation.

Hyperinflation in Zimbabwe had become so extreme-- roughly 90 billion trillion percent (that’s not a misprint) -- that the government finally capitulated in 2009 and simply abandoned the currency altogether. And when I first landed in the capital of Harare, the infamous Zimbabwe dollar had become so worthless that many people were using it for wallpaper.

DINARRECAPS8 9/20/23 DINARRECAPS8 9/20/23

It will take nearly 7,000 years to achieve Greta Thunberg’s fantasy

Notes From the Field By Simon Black September 20, 2023

In 1958, Leonard E. Read wrote the book I, Pencil. As the book’s title suggests, this is the story about a pencil, told from the pencil’s perspective.

The pencil traces his beginnings – from the cedar forests of Northern California and Oregon – to the mill in San Leandro, California, where specialized equipment cuts the logs into pencil-length slats.

Next, the newly-cut slats move to the pencil factory, where machinery cuts eight grooves into each slat and inserts graphite.

DINARRECAPS8 9/14/23 DINARRECAPS8 9/14/23

Maybe It’s Time For Plan B To Become Plan A

Notes From the Field By Simon Black September 13, 2023

The top two headlines in today’s Wall Street Journal say it all:

The first one is “US Inflation Accelerated in August as Gasoline Prices Jumped”.

And the second explains that “Exploding Budget Deficits” are here to stay.

These are technically two different stories about two separate issues. But I’ll show you how they’re related, and how they point to the same conclusion: higher inflation is not going away.

DINARRECAPS8 9/12/23 DINARRECAPS8 9/12/23

This Unique Loophole Exempts 100,000 Americans from Taxes

Notes From the Field By Simon Black September 11, 2023

By the late 1800s, the South Pacific island chain of Samoa faced an existential crisis. After squabbles between German, British, and American forces over the previous decades, Germany had taken the western islands of Samoa, and asserted its unpopular control over the people.

The eastern islands, however, were controlled by the United States with a lighter touch. And these Samoans had a good relationship with US merchants involved in the island’s coconut trade.

But rival Samoan factions still fought amongst each other.

DINARRECAPS8 9/5/23 DINARRECAPS8 9/5/23

The Dollar’s Decline Remains an Extremely Likely Outcome

Notes From The Field By Simon Black September 5, 2023

When the first shot rang out at Dealey Plaza on November 22, 1963, most bystanders didn’t even realize that it was the sound of gunfire.

But Texas Governor John Connally was an avid hunter. He recognized the sound, sensed danger, and turned behind him to check if President Kennedy was OK.

Moments later, the second shot was fired, striking Connolly in his back. And as he looked down and saw his blood-soaked shirt, he shouted, “My God, they’re going to kill us all.”

DINARRECAPS8 8/30/23 DINARRECAPS8 8/30/23

America Desperately Needs “Captain No”

Notes From the Field By Simon Black August 29, 2023

I’ll never forget the first time I met “Captain No”.

I was a young, 17-year old new cadet at West Point about to take my first Physical Fitness test-- a semiannual requirement in the military that involved a bunch of push-ups, sit-ups, and running. The physical fitness test was proctored… meaning that a veteran Army officer would literally stand there and watch me do push-ups. And if I didn’t do them properly, i.e. go all the way up, all the way down, the repetition wouldn’t count.

By sheer misfortune, the Army officer proctoring my first exam was a stern, mean-looking captain. He was built like a featherweight boxer but had enough pent-up anger to punch like Mike Tyson. I suppose I would too if I had to watch teenagers do push-ups for a living.

DINARRECAPS8 8/21/23 DINARRECAPS8 8/21/23

If You Think Gold Is Worth Owning, Wait Until You See Uranium

Notes From the Field By Simon Black August 21, 2023

Gold has its merits. It has been valuable for thousands of years, and has some industrial applications as well. But holding a kilo of gold in your hand, all you can really do is admire it, and appreciate that it is a great store of wealth.

Holding a kilo of uranium, you have in your hand a resource that has enough energy to supply a day’s power to 30,000 people. That's not just impressive; it's transformative in a world being run by absolute buffoons.

DINARRECAPS8 8/17/23 DINARRECAPS8 8/17/23

Why We Think Gold Companies Can Go 10X In The Coming Boom...

Notes From the Field By Simon Black

With a current annual budget deficit of $1.6 TRILLION – set to hit $2 trillion by the time the fiscal year ends in September – the US Federal Government is putting drunken sailors everywhere to shame.

At the end of the 2019 fiscal year (just before Covid-1984 hit), the US national debt was $22.7 trillion. Today, it’s nearly 50% greater: $32.7 trillion. And it keeps growing each year.

Just yesterday, our founder, Simon Black, explained that most of the US national debt was accumulated over the past ~15 years, when interest rates were super low. The Treasury Department got accustomed to being able to borrow for less than 1%.

DINARRECAPS8 8/15/23 DINARRECAPS8 8/15/23

I’m Rooting For Gold To Go To Zero. Too Bad It Won’t

Notes From the Field By Simon Black August 15, 2023

By the time Wang Mang seized the imperial throne of China’s Han dynasty in the year 9 AD, he had already been a long-standing politician and government bureaucrat with decades of experience.

Not that Wang’s experience was especially helpful to the people of China.

As a seasoned politician, Wang’s biggest skills were setting up his opponents, cheating his way to the throne, and coming up with terrible ideas to destroy prosperity.

DINARRECAPS8 8/15/23 DINARRECAPS8 8/15/23

If You’re Not Thinking About Real Assets, You’re Going To Get Left Behind

Notes From the Field By Simon Black August 14, 2023

“Scary” is the word that the Wall Street Journal used this weekend to describe the looming financial crisis in the US. They said bluntly, “Washington has laid the seeds of a crisis that Wall Street can no longer ignore.”

I’ve been writing about this for 14 years; back then, it was highly controversial... almost conspiratorial... to suggest that the US government was in deep financial trouble. Today it’s front page news in the most prominent financial publication in the world.