Article
From Cash To Trash, Rinse And Repeat
From Cash To Trash, Rinse And Repeat
Authored by Frank Giustra,
The Continental dollar, born in 1775, was meant to finance the colonies’ fight against Britain—the American Revolution. What it actually financed was a masterclass in how quickly a currency can evaporate when it has no anchor, no credible backing, and no one willing to stop the printing presses. Hundreds of millions of Continental notes were issued with nothing but the promise of future redemption in gold or silver—which the colonies did not possess in sufficient quantity.
As wartime expenses mounted and the conflict dragged on, the colonies’ solution was a time-honored tactic. Just dig yourself a deeper financial hole by printing more currency. When...
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Oct 9, 2026 / Tyler Durden
France's Debt: Too Heavy To Lift, Too Big To Spot
France's Debt: Too Heavy To Lift, Too Big To Spot
Authored by Robert Burrows via BondVigilantes.com,
A spread can be historically wide and still offer inadequate compensation for what lies ahead...
At around 150 basis points over Bunds, French ten-year government bonds look tempting. The spread is exceptionally wide by France's historical standards. For investors accustomed to treating France as a core European sovereign, the instinct is to buy the dislocation and wait for normality to return.
But that instinct risks anchoring to a past that no longer provides a reliable guide. A...
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Aug 19, 2026 / Tyler Durden
Trump Pauses 50% Canada Tariffs At 11th Hour, Declares "We Have A Deal"
Aug 26, 2026 / Kyle Anzalone
US Not Planning New Strikes on Iran, Will Focus on Economic War
Secretary of State Marco Rubio has informed allies that the White House is not preparing new attacks on Iran and will instead focus on enforcing sanctions against the Islamic Republic. US officials speaking with Axios said Rubio told allies that the US was not planning any attacks on Iran, and any strikes on the Islamic Republic would […]
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