In 1974, the U.S. government struck a secret deal that replaced the entire
foundation under the dollar. Then it spent 41 years making sure you never found
out.
<[link removed]>
Сⅼіϲkhеrе and I'll reveal the shocking details. <[link removed]>
In 1974, the U.S. government struck a secret deal that replaced the entire
foundation under the dollar.
Then it spent 41 years making sure you never found out.
The paper trail was buried inside a generic accounting bucket where no
reporter would think to look. It took a federal FOIA fight - in 2016 - to
finally drag the receipts into the light.
Understand what that means. The single biggest change to your money in the
twentieth century was hidden from you. On purpose. By design.
And while it stayed hidden?
The people inside the new arrangement minted 1,000 new millionaires a day.
The people outside it - the savers, the cash-holders, the ones who played by
the rules - watched a $50 grocery run become a $300 one as the dollar quietly
lost 84% of its purchasing power.
Nobody asked them. Nobody asked you.
You're allowed to be angry about that. I am.
But here is what's different this time: the next rearrangement of the dollar
began on June 22nd - two executive orders, one ceremony - and the evidence is
sitting in plain sight for anyone willing to look.
Including the one $20 company Washington just bought into.
You weren't in the room in 1974.
You can be in the room now.
See the evidence here >>
<[link removed]>
“The Buck Stops Here”
Kelly Maguire
Behind the Markets
Today's Market Update For You
ISM Manufacturing Reached 55.6 in July — Its Highest Since May 2022 — as
Factory Employment Turned Expansionary for the First Time in33 Months and
Production Surged to58.5
The Institute for Supply Management's Manufacturing PMI rose to 55.6 in July
— up2.3 percentage points from June's 53.3, above the 54.0 consensus estimate,
and the highest reading since May 2022's55.9. It was the seventh consecutive
month of expansion and the twenty-first consecutive month of overall economic
expansion by the ISM's own correspondence table, which maps the July reading to
an annualized GDP growth rate of approximately2.8%. Production jumped to 58.5
from52.2, its largest month-over-month gain since late 2021. The Employment
component moved back into expansion territory at52.8, its first expansionary
reading in33 months — roughly since early 2024. The Backlog of Orders index
surged to55.0 from 50.5, a signal that current demand is beginning to outpace
production capacity and that manufacturers expect to run hotter in the coming
months. New Export Orders returned to expansion at53.0. Fifteen of eighteen
manufacturing industries grew in July.
The analytical tension in this ISM print is the same one that runs through
every piece of macro data right now: strength that is unambiguously positive
for the real economy simultaneously strengthens the case for the three FOMC
dissenters who want rates higher. The Employment component's return to
expansion is a direct complication for the labor-market argument against a
September hike — it arrives less than a week before the July payrolls report
that the Fed will use alongside CPI to calibrate its September positioning. An
ISM Manufacturing Employment reading of52.8 means the factory sector was adding
jobs in July, which, if confirmed in the BLS payroll count, would narrow the
dual-mandate conflict that a second consecutive weak payrolls print would have
created. ISM chairSusan Spence noted that 62% of comments in the survey were
negative in tone despite the expansionary headline — tariffs and the Iran war
were both cited as cost drivers, with the Prices Paid index remaining elevated
at71.1 despite easing from 73.0 in June. The growth is real; so is the cost
pressure running alongside it.
July ISM Manufacturing — Key Components
Headline PMI55.6Highest since May 2022; +2.3pp from June; 7th consecutive
expansionary month; beat 54.0 consensus
Employment Index52.8First expansionary reading in 33 months; up from 49.7;
complicates the labor-market case against September hike
Production Index58.5Up from 52.2; strongest reading since late 2021; Backlog
surged to 55.0 — demand outpacing capacity
Prices Paid71.1Eased from 73.0 but above 70.3 estimate; tariffs and Iran war
cited; input inflation elevated alongside growth
Growth Strength vs. Fed Tightening Risk — The ISM Paradox
What 55.6 confirms for the real economy What 55.6 implies for Fed policy
Manufacturing expanding at fastest pace since 2022; corresponds to ~2.8%
annualized GDP growth — the real economy is running hotA 55.6 PMI with Prices
Paid at 71.1 is exactly the combination that the three FOMC dissenters used to
justify their hike vote on July 29
Employment turning expansionary removes the primary manufacturing sector
counterargument to tightening — factories are now hiring, not cuttingBacklog
surging to 55.0 while Prices Paid remain elevated implies demand-pull inflation
in the goods sector — a domestic inflation driver beyond oil
New Export Orders returning to expansion suggests the global demand
environment is improving, partly offsetting the soft domestic consumer trend62%
of survey comments were still negative despite the expansionary headline —
executive sentiment remains cautious even as activity accelerates
The ISM at 55.6 is more consistent with a hiking cycle than a cutting one —
the data profile matches prior periods when the Fed was activePaired with June
payrolls at 57,000, the ISM Employment signal actually raises the bar for
Friday's July payrolls: a recovery above 130K would remove the last hold
argument
The ISM is the first data print that uniformly supports the hawks' case —
growth is strong, employment is recovering, and input prices remain elevated.
The equity market's reaction to the ISM print was muted on Monday, with the
Dow up approximately615 points or 1.1% — primarily on Iran oil repricing and
Palantir optimism — while growth stocks caught a bid from lower Treasury yields
rather than from the PMI itself. The 10-year yield fell toward4.68% as oil's
decline pulled the inflation expectations component lower, temporarily
overriding the manufacturing strength signal. That compression is likely to be
tested by the July payrolls data due Friday: if manufacturing employment
expanding at52.8 is reflected in a payroll beat above consensus, the 10-year
yield will re-price toward and potentially beyond last week's highs. The ISM
data and the payrolls report, taken together, will establish whether the U.S.
economy is producing the kind of broad-based growth that historically
accompanies rate hikes — or whether the strength is concentrated enough in
goods and AI infrastructure that service-sector weakness and labor-market
bifurcation can keep the Fed on hold.
Sources: ISM · FXStreet · BabyPips · InvestingLive
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