Despite the consensus narrative, what we are currently experiencing globally is not “de‑dollarization,” but a broad loss of confidence in developed economies’ fiat currencies and sovereign debt as a reserve asset for central banks and institutions. This fundamental loss of confidence in the solvency of developed economies’ sovereign issuers is boosting demand for gold. However, the latest data shows no crossover or fiat alternative substitution. The US dollar’s central role in the fiat system remains intact.

The Congressional Budget Office has revised its estimates and states that the tariff increases implemented from January 6, 2025, to November 15, 2025, will reduce the primary deficit of the United States by $2.5 trillion over 11 years if they remain in place during the 2025–2035 period. Tariff revenues have risen to $90 billion between October and December 2025, compared with $20 billion in the same period in 2024. However, year-over-year inflation during that period is actually lower.

Inflation in the United States has not surged to 5–6%, as some investment banks had predicted following the tariff announcements. In fact, the year-over-year CPI, the PCE Index, and import prices reported by customs and border offices show no discernible increase in year-over-year inflation and are certainly very far away from the consensus estimates.

El PSOE se enfrenta a las próximas elecciones autonómicas con la tarea imposible de intentar hacer tragar a los ciudadanos la rueda de molino de su acuerdo de privilegios para la burocracia de Cataluña con Esquerra. 

Montero se presenta a las elecciones andaluzas con un programa “irresistible”:expoliar a impuestos a los andaluces, endeudarlos y que la Generalitat de Catalunya sea la más privilegiada, además de dictar desde Barcelona la fiscalidad de los ciudadanos de Andalucía.

El PSOE afirma que todas las comunidades ganan con un modelo que dota de 21.000 millones adicionales a las autonomías. Sin embargo, es falso. No se dotan más recursos a las autonomías, se endeuda todavía más al país.

El socialismo ofrece un espejismo de recursos públicos que solo es más deuda mientras impone una fiscalidad confiscatoria a medida del independentismo depredador.

All freedom defenders must welcome Maduro’s arrest as the beginning of a democratic transition process in Venezuela. The economic and political debate often ignores that the Maduro dictatorship weaponised the national oil company to use it as a cash machine to enrich the leaders of the socialist regime and finance the demolition of democratic institutions all over Latin America, creating an international group of allies with the main objective of demolishing US, European, and Latin American democracies from the inside.

Some commentators remove from the economic debate the deliberate collapse of PDVSA, Venezuela’s institutional destruction, and the use of oil as an international political weapon as well as a tool for the personal enrichment of Maduro and his allies. Maduro’s personal wealth is estimated at $3.8 billion. $700 million in assets has already been seized.