June 5, 2025
Here’s what was covered in episode 320:
Macro Musings - The popcorn is back—and so is the chaos. Gerardo and Nick dive into the stunning political fallout between Elon Musk and Donald Trump, warning that the real consequences won’t just be online. This week’s so-called “Big Beautiful Bill” marks the death of fiscal conservatism. With the House, Senate, and White House under GOP control, even wealthy conservatives are backing away from the tax cuts. Gerardo says this is no longer a partisan issue—it’s a math problem. The U.S. is barreling toward insolvency or inflation, and nobody in power seems to care. Nick adds that debt warnings from the CBO and Committee for a Responsible Budget are being ignored. He sees the next crisis as financial, not civil. And if Elon really launches a new political party, we’re looking at a true Fourth Turning scenario playing out in real time.
Market Takes - Markets shook off political dysfunction this week. Gold is holding strong near $3,400 after bouncing off the $3,200 level. Silver is surging past $35, with Nick confirming a clean breakout to $36—a level not seen since 2012. Gerardo says if silver holds $38, $42 is next. Copper hit $5 again, even as global growth projections remain modest. Platinum and palladium also caught bids, while uranium reclaimed $71/lb. Meanwhile, the bond market remains the biggest threat to stability. Nick thinks the market can keep rallying short term.
Bizarro Banter - The episode kicks off with Gerardo torching Marjorie Taylor Greene for not reading bills, then shifts into an analysis of Elon Musk’s public breakup with Trump—including Elon’s veiled Epstein accusations. They riff on 1984, asset owner survival strategies, and how even Joe Rogan’s comedy club is a mirror of societal absurdity. Palantir’s proposed national database plan? Gerardo says it makes him want to hit someone. Nick adds that both political parties are morally bankrupt, and neither cares about the middle class. You know it's bizarre out there when Kanye is the voice of reason.
Premium Portfolio Picks -
June 5, 2025
Here’s what was covered in episode 320:
Macro Musings - The popcorn is back—and so is the chaos. Gerardo and Nick dive into the stunning political fallout between Elon Musk and Donald Trump, warning that the real consequences won’t just be online. This week’s so-called “Big Beautiful Bill” marks the death of fiscal conservatism. With the House, Senate, and White House under GOP control, even wealthy conservatives are backing away from the tax cuts. Gerardo says this is no longer a partisan issue—it’s a math problem. The U.S. is barreling toward insolvency or inflation, and nobody in power seems to care. Nick adds that debt warnings from the CBO and Committee for a Responsible Budget are being ignored. He sees the next crisis as financial, not civil. And if Elon really launches a new political party, we’re looking at a true Fourth Turning scenario playing out in real time.
Market Takes - Markets shook off political dysfunction this week. Gold is holding strong near $3,400 after bouncing off the $3,200 level. Silver is surging past $35, with Nick confirming a clean breakout to $36—a level not seen since 2012. Gerardo says if silver holds $38, $42 is next. Copper hit $5 again, even as global growth projections remain modest. Platinum and palladium also caught bids, while uranium reclaimed $71/lb. Meanwhile, the bond market remains the biggest threat to stability. Nick thinks the market can keep rallying short term.
Bizarro Banter - The episode kicks off with Gerardo torching Marjorie Taylor Greene for not reading bills, then shifts into an analysis of Elon Musk’s public breakup with Trump—including Elon’s veiled Epstein accusations. They riff on 1984, asset owner survival strategies, and how even Joe Rogan’s comedy club is a mirror of societal absurdity. Palantir’s proposed national database plan? Gerardo says it makes him want to hit someone. Nick adds that both political parties are morally bankrupt, and neither cares about the middle class. You know it's bizarre out there when Kanye is the voice of reason.
Premium Portfolio Picks -
June 5, 2025
Here’s what was covered in episode 320:
Macro Musings - The popcorn is back—and so is the chaos. Gerardo and Nick dive into the stunning political fallout between Elon Musk and Donald Trump, warning that the real consequences won’t just be online. This week’s so-called “Big Beautiful Bill” marks the death of fiscal conservatism. With the House, Senate, and White House under GOP control, even wealthy conservatives are backing away from the tax cuts. Gerardo says this is no longer a partisan issue—it’s a math problem. The U.S. is barreling toward insolvency or inflation, and nobody in power seems to care. Nick adds that debt warnings from the CBO and Committee for a Responsible Budget are being ignored. He sees the next crisis as financial, not civil. And if Elon really launches a new political party, we’re looking at a true Fourth Turning scenario playing out in real time.
Market Takes - Markets shook off political dysfunction this week. Gold is holding strong near $3,400 after bouncing off the $3,200 level. Silver is surging past $35, with Nick confirming a clean breakout to $36—a level not seen since 2012. Gerardo says if silver holds $38, $42 is next. Copper hit $5 again, even as global growth projections remain modest. Platinum and palladium also caught bids, while uranium reclaimed $71/lb. Meanwhile, the bond market remains the biggest threat to stability. Nick thinks the market can keep rallying short term.
Bizarro Banter - The episode kicks off with Gerardo torching Marjorie Taylor Greene for not reading bills, then shifts into an analysis of Elon Musk’s public breakup with Trump—including Elon’s veiled Epstein accusations. They riff on 1984, asset owner survival strategies, and how even Joe Rogan’s comedy club is a mirror of societal absurdity. Palantir’s proposed national database plan? Gerardo says it makes him want to hit someone. Nick adds that both political parties are morally bankrupt, and neither cares about the middle class. You know it's bizarre out there when Kanye is the voice of reason.
Premium Portfolio Picks -