Skip to content

Join Us at the World Economic Conference in Orlando, Florida! Nov. 17-19, 2023

2014 War Cyclew 2011 Conference 300x173

Join Us at the 2023 World Economic Conference in Orlando, Florida!

? Dates: November 17, 18, and 19 ? Location: Orlando, Florida, USA (or tune in from home with our virtual ticket options)

Are you ready to unlock the future of economics and finance? Prepare for an unforgettable World Economic Conference experience in sunny Orlando, Florida! This premier event is your gateway to insights, networking, and valuable resources that will supercharge your understanding of the global economy.

?️ What’s Included for In-Person Attendees:

  1. Event Admission: Enjoy reserved seating assigned based on the order of ticket sales, ensuring you have a prime view of every presentation.
  2. Presentation Slides: Gain access to the presentation slides from all speakers, allowing you to delve deeper into the topics discussed.
  3. Video Recording: Can’t make it to a session? No worries! You’ll receive access to video recordings of all conference presentations, so you can catch up at your convenience.
  4. WEC Event App: Connect with the conference on a whole new level. Access presentation slides, bonus reports, recordings, and more via the official WEC Event App.
  5. Bonus Conference Materials: Get a package of bonus conference-related materials, including exclusive bonus reports and videos (as provided by Martin Armstrong).
  6. Morning Information Sessions: Don’t miss out on important morning information sessions, screened on-site in the meeting room on Saturday and Sunday.
  7. Networking Opportunities: Exclusive access to the Event App Networking Feature allows you to connect with fellow attendees, both in-person and virtual, fostering valuable professional relationships.
  8. Culinary Delights: Savor delicious breakfast and lunch on Saturday and Sunday, prepared to keep you energized throughout the day.
  9. Cocktail Reception: Kick off the conference in style at our Friday evening cocktail reception. Meet and mingle with fellow attendees while enjoying refreshing drinks.
  10. Swag Bag: As a token of our appreciation, each in-person attendee will receive a swag bag filled with goodies, including an Armstrong Economics notebook, pen, and an event collector’s mug!

Unable to travel? We also have two different ticket options for those wishing to attend virtually! 

Don’t miss this opportunity to be part of a global gathering of economic and financial minds. Secure your spot at the World Economic Conference in Orlando, Florida, and gain the knowledge, connections, and resources you need to thrive in the world of finance and economics.

Space is limited, so act now and reserve your seat! Visit our Events page to register and join us in sunny Orlando this November.

NEW BOOK Now Available : "Mark Antony & Cleopatra"

Mark Antony Cleopatra Cleopatra Proxy War

Now available at all major retailers!

The eBook will be available shortly.

"THE PLOT TO SEIZE RUSSIA - THE UNTOLD HISTORY"

The Plot to Seize Russia_3Dmockup_2 300x225

The second edition of “The Plot to Seize Russia – The Untold History” is now available for purchase in paperback and hardcover on Amazon and Barnes and Noble. The ebook will be available shortly.

Book description:

“Take care of Russia,” Boris Yeltsin said as he departed his presidency in August 1999. These words were directed at current Russian president, Vladimir Putin. Yeltsin specifically picked Putin as his predecessor to prevent the takeover of Russia.

So, who was Yeltsin warning against? Newly declassified documents from the Clinton Administration prove that there was a plot to rig the Russian election of 2000. These never-before-seen documents confirm numerous attempts to implement pro-Western policies using the Russian oligarchy headed by Boris Berezovsky.

On the other side were the communists who desired a return to the glory days of the Soviet Union. As one of the largest international hedge fund managers, author Martin Armstrong found himself in the middle of perhaps the greatest espionage, or attempt at a regime change for Russia, in modern history.

The Plot to Seize Russia pulls back the curtain to expose the most extraordinary attempt to seize power in modern history, but with the pen rather than armies. These declassified documents reveal a plot that has altered our thinking about the relations between the United States and Russia. The thirst for power comes seething through every line of these papers that alter our perception of reality, change the course of history, and now threaten us with World War III.

Director of Natl Counterterrorism Resigns Over Trump Manipulated By Netanyahu

Joe Kent Resignation

This letter of resignation is absolutely correct. None of my sources agree with this war and everyone I know of has once again pointed to Netanyahu and his manipulation of the Trump Administration. It is time to flood Congress and the White House with letters of objection. All of NATO has refused to come to the aid of Trump in the war on Iran. Trump has to  step back and distance himself from Netanyahu or his legacy will be flushed down the drain for forget MAGA, he will be remember for this fiasco.

 

Netanyahu whispering Trump 1

AI & The Iran War

 

The Canals Behind the War

Ben Gurion Canal Project R

Many people are looking at the conflicts in Gaza and Iran strictly through the lens of religion, terrorism, or regional politics. But history has shown that wars are rarely about what the headlines claim. Beneath the surface lies economics and control of trade routes. One project that has quietly resurfaced in strategic discussions is the Ben Gurion Canal, an alternative shipping route connecting the Red Sea to the Mediterranean that would rival the Suez Canal. The proposal dates back to the 1960s and would run from the port of Eilat through Israel and eventually connect to the Mediterranean near Gaza, providing a strategic bypass of Egypt’s Suez Canal.

Declassified U.S. documents revealed that planners studied using hundreds of underground nuclear explosions in the Negev Desert to carve the canal. The proposal noted that such a route would be a “strategically valuable alternative” to the Suez Canal and could transform regional trade. Around 20% of global trade moves through the Suez Canal today, giving Egypt enormous influence over global supply chains. Any disruption, whether political or accidental, has massive economic consequences.

Ben_Gurion_Canal_government_document.webp

This is where the geopolitical puzzle begins to fit together. The proposed canal route runs extremely close to the Gaza Strip and, in some versions, could even pass through territory adjacent to it. From a purely strategic perspective, no major global shipping route could run alongside an area capable of launching rockets or drones. Control and stability in Gaza, therefore, are prerequisites for any such infrastructure project. Analysts have noted that renewed interest in the canal has coincided with Israel’s war against Hamas, raising questions about whether the long-standing project could become viable again if the region is brought under full military control.

Now look at this through the lens of the Economic Confidence Model. The ECM has consistently shown that 2026 is a geopolitical turning point, leading to rising tensions toward the 2027 Panic Cycle and ultimately the 2028 Panic Cycle. These shifts historically coincide with wars, trade disruptions, and major changes to the global economic order. When the confidence wave turns downward, governments seek strategic advantage in infrastructure, energy routes, and trade chokepoints. The Suez Canal itself has repeatedly triggered geopolitical crises from Nasser’s nationalization in 1956 to modern blockages that froze billions of dollars in trade overnight.

The second layer of the strategy involves the Strait of Hormuz. A large percentage of the world’s oil flows through that narrow passage between Iran and the Arabian Peninsula. Any conflict with Iran threatens that chokepoint and exposes how fragile global energy transport really is. If Hormuz becomes unstable while Suez remains under Egyptian control, the West’s supply lines become vulnerable. A new canal controlled by Israel and its allies would provide an alternative strategic corridor linking the Red Sea and Mediterranean without relying on Egypt or risking disruption from regional adversaries.

When you step back, the sequence begins to look less like random events and more like long-term geopolitical positioning. The war in Gaza removes a security obstacle along the proposed canal route. Escalation with Iran highlights the dangers of relying on existing trade chokepoints such as the Strait of Hormuz and the Suez Canal. Meanwhile, the ECM shows that this entire period sits within a cycle of rising geopolitical tension leading into a Panic Cycle phase. History teaches us that major infrastructure projects that control global trade rarely emerge during peaceful periods. They appear during times of crisis when nations reposition themselves for the next economic order.

Iran, Russia, China, and the Emerging Axis

Flags of Russia, China, and Iran. Illustrative Image. (Photo: Open source)

For years, I have warned that geopolitics moves in cycles just as markets do. The Economic Confidence Model has been projecting that the period around 2026 would become a geopolitical turning point, leading to rising confrontation toward the Panic Cycle in 2027 and ultimately the 2028 Panic Cycle year. What we are now witnessing is the early stage of that alignment. The conflict with Iran is no longer merely a regional war. It is evolving into something far more significant as alliances that previously existed quietly in the background are now being acknowledged publicly.

Iran’s foreign minister has now openly stated that Russia and China are providing military cooperation to Tehran during the war with the United States and Israel. He emphasized that these relationships are part of long-standing strategic partnerships that now include intelligence sharing and other forms of support as the conflict escalates. This matters enormously because once cooperation becomes official rather than discreet, it changes the geopolitical landscape. The declaration of alignment is a signal to the world that a new bloc is forming.

Reports indicate that Russia’s support has included intelligence assistance and battlefield data, while China has focused on diplomatic backing, logistical assistance, and the protection of energy flows through the Strait of Hormuz. At the same time, Chinese naval assets have appeared near the Strait while Russia and China have coordinated diplomatic efforts at the United Nations to challenge the legitimacy of the strikes against Iran. None of this is accidental. These powers are not rushing troops into battle, but they are positioning themselves strategically while allowing the United States to become entangled in another prolonged conflict.

In the modern era, direct confrontation between nuclear powers is avoided, but support flows through intelligence, logistics, technology, and diplomacy. Russia and China are effectively helping Iran sustain resistance without crossing the line into direct war with the United States. Analysts already note that intelligence sharing and electronic warfare assistance have improved Iran’s ability to track U.S. military movements in the region. The result is a conflict that can drag on far longer than policymakers initially expect.

2023_01_08_Russia_and_Iran_building_full_fledged_alliance

From the perspective of the Economic Confidence Model, this is exactly what a Panic Cycle environment looks like. Confidence begins to shift away from government institutions, geopolitical tensions escalate, and alliances begin to harden. The ECM has shown that 2026 represents the pivot year. Pressure builds into 2027, where the Panic Cycle raises the probability of sudden geopolitical escalation, and the cycle then carries forward into the 2028 Panic Cycle year. When these cycles align, history shows that global alliances restructure and the world moves toward a new balance of power.

Energy routes make the situation even more dangerous. The Strait of Hormuz remains one of the most critical chokepoints in global oil supply, and disruptions there have already sent energy prices sharply higher as the conflict intensifies. China’s interest in securing passage through the strait and Russia’s strategic positioning highlight that the battle is not only military. It is economic. Whoever controls the energy corridors and trade routes ultimately controls leverage over the global economy.

The key takeaway is that the official acknowledgement of cooperation among Iran, Russia, and China goes beyond wartime rhetoric. It signals that the geopolitical chessboard is shifting. What began as a regional confrontation now sits within a larger strategic framework that the ECM warned about years in advance. When alliances begin to crystallize during a Panic Cycle phase, the risk is not simply prolonged conflict. The risk is that the world divides into opposing blocs once again, and history shows that such realignments rarely unfold quietly.

Turning Off the Lights in New York

Statue of Liberty NYC Underwater

New York has always been known as the city that never sleeps. The glowing skyline is not simply decoration; it reflects commerce, tourism, finance, and the constant economic activity that built the city into a global capital. Now lawmakers are pushing the New York State Dark Skies Protection Act, which would impose strict limits on outdoor lighting across the state. The official explanation is environmental, to reduce light pollution, save energy, and protect wildlife. Yet in a city whose entire identity is built around 24/7 activity, there is clearly more behind this proposal than simply wanting to see the stars.

The legislation would require outdoor lights to be shielded so they point downward rather than upward, and would restrict lighting between roughly 11 p.m. and 5 a.m. unless specific events are taking place. Businesses and municipalities would be forced to install motion sensors or automatic shutoff systems, while parks, recreation facilities, and venues would have to reduce illumination overnight. Supporters say this will reduce wasted electricity and help the environment. Cities like New York exist precisely because they do not shut down at night. The skyline, Times Square, Broadway, and countless businesses operate around the clock because visibility attracts people and commerce. The Big Apple was once the most bustling city in the world, the ultimate point of comparison for any other city in the world. Now, politics are erasing the very culture that helped shape NYC and the rest of America for that matter. Yet another reason why blanket legislation always fails.

GettyImages 458946123

Studies estimate that roughly 30% of outdoor lighting in the United States is “wasted energy.” Governments see this as an opportunity to reduce electricity consumption and meet energy reduction targets without openly raising taxes. But forcing businesses to replace lighting systems, install sensors, and comply with new restrictions is not free. For commercial buildings, retail districts, and entertainment venues, this becomes another compliance cost. In reality, this acts like a giant indirect tax on corporations and small businesses alike, imposed through regulation rather than legislation.

NYC Myopic View

The economic implications go further. Tourism, nightlife, restaurants, theaters, and advertising depend on lighting to create an atmosphere that keeps people on the streets. Limiting illumination reduces the visual energy that attracts visitors and investment. New York’s nighttime economy generates billions of dollars annually, yet policymakers seem willing to chip away at the very infrastructure that supports it. The left-leaning voters in the city are also overriding votes from the rest of the state.

This is part of a broader cultural shift that is dismantling what made New York famous in the first place. Businesses that built the city are being pushed out by rising costs and regulations, while the nightlife culture known worldwide is steadily being suffocated. This is clearly cultural assassination, erasing the very identity that made New York thrive. The city that once proudly stood as a symbol of Western commerce and cultural confidence is being transformed. What is their end goal? What will New York City look like when the cost of business is no longer feasible, and capital continues to flee?

The irony is that policymakers often treat these measures as harmless environmental policies. Yet historically, when governments begin regulating the very elements that define economic vitality, whether lighting, nightlife, or advertising, it signals deeper economic stress. Energy costs are rising, infrastructure is under pressure, and governments are looking for ways to reduce consumption. Turning off the lights in the city that never sleeps may be sold as environmental protection, but economically, it reflects a far larger issue: how governments increasingly shift costs onto the private sector while claiming to save the planet.

Iran’s War Tactics & Risk of Nuclear War

2026_03_16_15_36_23_Israel_Could_Use_Nuclear_Weapon_Top_Trump_Adviser_Calls_for_Off_ramp_to_Ira

QUESTION: Well, it looks like David Sachs has publicly stated that there can be nuclear war if Israel runs out of ammo and is on the verge of being defeated. You warned about this. You have not commented on whether Netanyahu is dead or if Iran has sunk an American destroyer. The Supreme Leader they killed had agreed no nuclear weapon and said that was against his religion. It seem Netanyahu is the dark devil in the mix who is intentionally leading the world into the end times. Nobody has contacts like you nor are they as objective. Would you address these questions?

Frank T.

Churchill on Truth

ANSWER: There is no question that AI is complicating everything. I do not believe Netanyahu is dead. I have said he is a very dark soul and a staunch Neocon who wants the destruction of Iran no matter what. There is NO WAY Israel would admit that Netanyahu is dead publicly for that would create Panic to say the least. The same is true about Iran reporting that they did sink a destroyer. There is no way the Pentagon will publicly admit to that either.

2026_03_16_16_10_32_Israel_is_running_critically_low_on_interceptors_US_officials_say

We know that Iran has amassed a major stockpile of balistic missiles and drones and they would use them to overwhelm the Israeli defense pushing them to the point that they are running out of interceptors. They can inflict massive economic losses on Israel and strike at the very heart of their morale.

Cheney Dicj 1941 2025 weeks not months

Let’s make one thing clear. The Neocons in league with Netanyahu have pushed Trump into this war with the promise it will be short and sweet. It’s always the same scenario. Even look at Vietnam. President Lyndon B. Johnson was not told the war would be brief. When he committed the first ground troops in 1965, he stated the initial deployment would last only about six months.

Armstrong on war never ends

There was ZERO planning for the closing of the Strait of Hormuz. Of course they knew this would be a chokepoint. The problem is that they assumed that they would score an easy fast victory. Granted, they struck some 7,000 targets and have degraded Iran’s conventional capabilities. However, a single terrorist with a shoulder-mounted missile can take out a ship. Iran has been reduced to missile warfare, terrorism, activating terrorist cells, and cyber warfare. Even with Iraq, taking down the leadership did not end the war.

Gen. Jack Keane warns US cannot secure Strait of Hormuz alone as Iran tensions surge. While President Trump wants NATO allies to join the fight to keep the Strait open, most are rejecting his call like Australia. Sending in the military to try to keep the Strait open is not going to be some short gig. This will become an open-ended war commitment all because the Neocons always lie to just get their wars going. That’s all they care about. Get it started and then nobody wants to admit defeat so it drags on like Iraq, Afghanistan, and Vietnam. It’s always the same set of lies, This is why wars are so unpredictable.

Secretary of State Marco Rubio has directed U.S. diplomats around the world to urge foreign governments to “move expeditiously to diminish the capabilities of Iran and Iran-aligned terrorist groups from attacking our respective nations and citizens.”  This war  is by no means going to be brief.

 

Trump has even said he is not interested in a deal because he does not know who he is dealing with after they killed the leadership. This is precisely why I was against killing the Ayatolla. Netanyahu always wants to kill the leadership assuming everything will collapse. In military strategy, you NEVER kill the leadership because there is then nobody to negotiate with. Trump has listened to Netanyahu who is a very dark soul and we are now trapped into a mess that I believe eventually the world will come to blame Netanyahu and Israel. I have warned that history clearly shows that assassinations in war always fail. I am deeply concerned that Trump is not being given legitimate advice.

Economic Warfare

American vs British in Revolution

In the beginning of the American Revolution, General George Washington tried to fight the British the “proper” way—with a traditional European army lining up and exchanging volleys. This almost led to the complete destruction of the Continental Army. After a series of near-disasters, Washington and his commanders realized that to win, they had to adapt. They couldn’t beat the British at their own game. Instead, they used the landscape and their knowledge of the territory to their advantage.

The Americans employed several classic guerrilla tactics. They adopted Hit-and-Run Attacks. Instead of standing and fighting, American militia and light infantry would ambush British patrols, shoot from behind trees and stone walls, and then melt back into the countryside before the British could form up and respond effectively.

For the life of me, I cannot fathom what idiots these Neocons are. They even sold their nonsense to Secretary of War Pete Hegseth. All they do is assume victory because US has the strongest military. They learned nothing from Afghanistan or Iraq that sheer military power alone does NOT guarantee victory. I think any history student would have figured out that Iran would adopt similar tactics of George Washington for the very same reason that they cannot hope to defeat the United States head on. Of course, they would attack the oil infrastructure to drive the cost of energy up knowing that this is economic warfare precisely what the USA, EU and NATO have done to Russia trying to cut off their energy sales to starve them out so they cannot wage war. Clearly, this is the same strategy Iran is now employing.

Napoleon British Counterfeit

Economic warfare has been around for hundreds of years. Napoleon counterfeited British pounds to undermine their economy to defeat them in war. This has been a regular tactic.

1777 British Counterfeit US Colonial Currency

The British counterfeited American currency during the American Revolution all to create inflation and undermine the economy.

1936 German counterfeit British 20 pound

 

Operation Bernhard was a Nazi Germany  in World War II counterfeited the currency of Great Britain to undermine the currency value as a tactic to win the war. Should we be surprised that Iran is attacking refineries and doing everything possible to send crude oil higher? That is a pretty straight forward war tactic that is by no means new. Washington knew he could not win fighting the British way standing in formation and shooting. Iran knows it too cannot hope to defeat the United States in a straight up military confrontation.

Dollar into Yuan

Tehran is waging economic war and is now proposing that vessels may be permitted to use the route if the oil trade is conducted in China’s currency, the yuan. While that will not really kill the dollar, it is a favorite conspiracy theory about the petrodollar.

Israel Iran Map

It is a 24 hour drive from Tel Aviv to Tehran. Iran has stockpiled missiles and drones and has been overwhelming Israel’s defenses. Just as Netanyahu has been seeking to destroy the government of Iran, they too have the same goal for they know it does not matter, a cease fire will only allow Israel to prepare for the next war.

Iran Regime Change

There was no objective from the start. Trump claimed the war was over on day one. If that were true, then it is strange that we are entering week three. Worse still, there is no exit strategy. This is where the risk of nuclear war enters. Iran knows there can be no ceasefire for that is NOT a long term solution. The goal of regime change and killing the Ayatolla has undermined the entire Middle East for how does that play out. Failing to achieve that means the end goal has not changed so there will be perpetual instability in the Middle East and I fear that is what the computer is warning about 2027 inro 2028.

IRAN ECM

The first attack on Iran began in 2022 precisely on time for the final wave that peaks in ideally February 21st, 2027. From that turning point into 2031, this is not looking like a peaceful period. Our long-term models on Crude Oil tend to agree, with a Panic Cycle in 2028.

2026_03_16_17_41_25_Majority_of_Americans_oppose_military_action_in_Iran_new_poll_finds_PBS_News

With about one-third concerned Americans that this leads to Armageddon and other cheering for it to bring the Second Coming, Trump may have stepped into something he had no idea where this would lead. The info from Israel will be biased and untrustworthy just as that coming from Iran. We ended up in a war where the United States is NOT fully in control. Trump was elected promising to end these Neocon Wars. They do not care about him or his legacy.

Khomeini vs Natanyahu

Because both sides hate each other and vow to utterly destroy the other denying their right to exist, the risk of nuclear war exists for Netanyahu has vowed his hatred of Iran for the past 40 years.  When they run out of interceptors and this war is not over in just a few weeks, then Israel will be at risk of destruction.

 

 

We can see that Netanyahu has spun this story that this will be a quick victory and it will not be another endless war. A Neocon perpetual delusion.

Netanyahu Nuclear Button

The question becomes at what point will Netanyahu push the button? Will he even tell Trump in advance?

Peace how to get

I have studied history intently. The ONLY way to achieve peace is that you MUST listen to the other side’s demands for their security.This is why NATO and the EU refuse to come to terms with Russia because they refuse to listen to what security concerns Russia has regarding Ukraine. Here with Iran, why they are rejecting a ceasefire is simple. There is no negotiation whatsoever that listens to their concerns. They have articulated that the US should close all bases and exit the Middle East. I think you would sooner see John Bolton’s head spin around while spewing out green fluid.

The solution is not that hard. All the Gulf States where the US has bases have proven that instead of providing security, they have become targets. They have not benefited from having these bases and now they stand in the way of peace. So, how do we get around this problem? Those Gulf States must retake their sovereignty over those bases and guarantee that they will NOT be used to launch future attacks on Iran without their permission. The US keeps the bases, but they cannot operate unilaterally as is the case in Europe.

The only way to ensure lasting peace is that Israel must accept a Palestinian state. This has been even voted in the United Nations. The only reason it does not take place is because of the United States. Unless this is done, it is hard to see how there can ever be a lasting peace. This has been the primary reason why Netanyahu has wanted to overthrow Iran. He assumes that the elimination of Iran will prevent any Palestinian state. Let’s face the facts. Unless some state is established, there is no hope of ending terrorism and war.

This documentary, The Heart of Jenin, is about a Palestinian boy shot and killed by an Israeli soldier who thought the toy gun was real. Not everyone is filled with hatred. This is a very important documentary that illustrates there can be peace without people like Netanyahu in charge.

 

Market Talk – March 16, 2026

Market Talk 2017

ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 68.46 points or -0.13% to 53,751.15
• Shanghai decreased 10.663 points or -0.26% to 4,084.786
• Hang Seng increased 368.42 points or 1.45% to 25,834.02
• ASX 200 decreased 33.70 points or -0.39% to 8,583.40
• SENSEX increased 938.93 points or 1.26% to 75,502.85
• Nifty50 increased 257.70 points or 1.11% to 23,408.80
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00774 or 1.11% to 0.70585
• NZDUSD increased 0.0074 or 1.28% to 0.58480
• USDJPY decreased 0.459 or -0.29% to 159.269
• USDCNY decreased 0.01541 or -0.22% to 6.89307
The above data was collected around 12:09 EST.
Precious Metals:
•  Gold decreased 24.3 USD/t oz. or -0.48% to 4,997.81
•  Silver increased 0.124 USD/t. oz. or 0.15% to 80.659
The above data was collected around 12:13 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
•  CAC 40 increased 24.44 points or 0.31% to 7,935.97
•  FTSE 100 increased 56.54 points or 0.55% to 10,317.69
•  DAX 30 increased 116.72 points or 0.50% to 23,564.01
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00632 or 0.55% to 1.14799
• GBPUSD increased 0.00719 or 0.54% to 1.32923
• USDCHF decreased 0.00278 or -0.35% to 0.78869
The above data was collected around 12:26 EST.

AMERICAS:

AMERICA:

  • Dow advanced by 387.94 points (+0.83%) to 46,946.41

  • S&P 500 advanced by 67.19 points (+1.01%) to 6,699.38

  • NASDAQ advanced by 268.82 points (+1.22%) to 22,374.178

  • Russell 2000 advanced by 23.24 points (+0.94%) to 2,503.292

Canada Market Closings:

  • TSX Composite advanced by 334.72 points (+1.03%) to 32,876.65

  • TSX 60 advanced by 21.21 points (+1.12%) to 1,912.14

Brazil Market Closing:

  • Bovespa advanced by 2,505.47 points (+1.40%) to 180,158.78

The oil markets had a mixed day today:
•  Crude Oil decreased 2.337 USD/BBL or -2.37% to 96.374
•  Brent decreased 0.101 USD/BBL or -0.10% to 103.039
•  Natural gas decreased 0.0945 USD/MMBtu or -3.02% to 3.0365
•  Gasoline increased 0.0068 USD/GAL 0.22% to 3.0482
•  Heating oil decreased 0.0332 USD/GAL or -0.83% to 3.9815
The above data was collected around 12:29 EST.
•  Top commodity gainers: Cotton (3.86%), Cocoa (4.26%), Bitumen (3.21%) and Platinum (2.67%)
•  Top commodity losers: Canola (-3.03%), Oat (-4.69%), Natural Gas (-3.02%) and Soybeans (-4.97%)
The above data was collected around 12:58 EST.
BONDS:
Japan 2.2800% (+3.48bp), US 2’s 3.70% (-0.036%), US 10’s 4.2420% (-4bps); US 30’s 4.88 (-0.024%), Bunds 2.9504% (-2.64bp), France 3.6170% (-5.27bp), Italy 3.7300% (-7.16bp), Turkey 33.120% (+259bp), Greece 3.731% (-2.6bp), Portugal 3.393% (-4.3bp); Spain 3.441% (-5.4bp) and UK Gilts 4.7130% (-5.78bp)
The above data was collected around 13:07 EST.

Canada Quietly Turns Back to Nuclear as Net Zero Collides With Reality

Nuclear2 2166 1719912697

For years, politicians across the Western world have insisted that windmills and solar panels would power the future while reliable energy sources were dismantled in the name of climate policy. Now reality is beginning to intrude. Canada is preparing to unveil a national electricity strategy centered on expanding nuclear power as governments confront a basic problem they ignored for years — electricity demand is rising far faster than their green policies ever anticipated.

Artificial intelligence, data centers, and electrification mandates are dramatically increasing power demand across North America. At the same time, governments closed coal plants, restricted natural gas, and stalled nuclear projects for ideological reasons. The result has been rising electricity prices and growing concern about long-term energy security.

Canada is now quietly acknowledging what engineers and economists have been saying for years. Nuclear power remains one of the few reliable baseload energy sources capable of supporting a modern industrial economy. Several new reactors are already planned or under construction, and the government’s upcoming strategy is expected to accelerate those projects.

Canada is building a new generation of nuclear reactors known as small modular reactors (SMRs). The most important project is the Darlington New Nuclear Project in Ontario. Ontario Power Generation has begun construction of the first BWRX-300 small modular reactor at the Darlington site, with the reactor expected to come online around 2029–2030.

The Darlington project is significant because it is expected to become the first grid-scale SMR operating in a G7 country. The government has approved a full fleet of four SMRs at the site, which together could produce about 1,200 megawatts of electricity — enough to power roughly 1.2 million homes. Each reactor is a GE Hitachi BWRX-300 design that produces around 300 megawatts of power and is smaller and less complex than traditional nuclear plants, which is intended to reduce construction costs and speed up deployment.

At the same time, Canada is completing major refurbishment projects on existing nuclear plants such as the Darlington Nuclear Generating Station. This refurbishment extends the facility’s life for decades, preserves thousands of jobs, and continues to produce reliable baseload electricity.

Beyond individual projects, the Canadian government is preparing to release a national electricity and nuclear strategy to accelerate nuclear development and provide investors with clearer policy direction as electricity demand rises sharply.

This shift exposes the contradiction that has defined Western energy policy. Governments attempted to restructure entire energy systems based on political narratives rather than economic reality. Now they are discovering that the industrial world cannot function without stable, large-scale electricity generation. The return to nuclear is less about environmental policy and more about economic survival.

WEC.2025.5 rotated

I will be speaking in Vancouver on March 31 at the 2026 World Outlook Conference. The discussion will be tailored to the Canadian investor, as it is paramount to understand what is on the horizon. The next few years will be volatile to say the least, and the best we can do is to prepare for what is to come. I have refrained from sharing the full scope of the glaring Turning Points and Panic Cycles flashing on Socrates, but I am prepared to give attendees the full story.

America Taps Venezuela for Rare Earth Minerals

Rare Earths

The press is reporting that Venezuela is opening its mining sector to American companies, allowing foreign investment to extract gold, diamonds, and rare earth minerals after the National Assembly approved the first step in rewriting the country’s mining laws. The reform extends mining concessions from 20 to 30 years and allows international arbitration in disputes, clearly designed to attract Western capital that had previously been locked out under the old socialist system.

The real story is rare earth minerals and the global race to secure them. Washington has already authorized transactions involving Venezuelan gold through the state mining company Minerven and is working to bring American mining firms into the country. The move comes after the United States began reopening Venezuela’s oil sector to American companies as well, signaling that the real objective is securing access to resources that have become strategically vital.

The deeper issue is that the United States does not control the resources it needs to maintain its technological and military dominance. Rare earth minerals are essential for missiles, fighter jets, radar systems, electronics, and advanced manufacturing. As I have explained before, America’s defense supply chain depends on materials it does not control. That is a serious vulnerability in any geopolitical confrontation.

China dominates the global rare earth supply chain, accounting for the majority of production and refining. In fact, China supplied about 71% of U.S. imports of rare earth compounds and metals in recent years and controls much of the processing capacity for these materials. These minerals are not just another commodity. They are the foundation of modern industrial technology, electric vehicles, renewable energy systems, and the entire defense sector.

This is why Washington has been quietly pursuing mineral deals around the world. The United States has already secured preferential access to Ukraine’s mineral resources, which include significant deposits of graphite, titanium, lithium, and rare earth metals. Ukraine holds roughly 5% of the world’s critical raw materials, making it strategically important in the mineral race. The mineral agreement between Washington and Kyiv was never just about economic reconstruction. It was about securing long-term access to materials needed for modern industry and military technology.

Japan has also been drawn into this geopolitical struggle. After China restricted rare earth exports in the past, Tokyo began aggressively diversifying its supply chain and securing new mineral partnerships to reduce dependence on Beijing. The entire world is now scrambling to secure access to the materials that underpin modern technology.

Venezuela now enters that equation. The country is believed to possess significant untapped mineral deposits. If these resources are opened to Western investment, it will provide another potential supply source outside of China’s control. That is why this move is important. It is not about reviving Venezuela’s economy. It is about the strategic mineral competition that is quietly reshaping global politics.

Behind every war and every geopolitical confrontation lies the same fundamental issue – resources. Oil dominated the last century. Rare earths and critical minerals will dominate the next. The United States understands that its technological future depends on securing these materials, and that explains the sudden interest in places like Ukraine and now Venezuela.

The public hears about democracy, sanctions, and diplomacy. But the real game is being played beneath the surface. Control the resources and you control the future of industry, defense, and economic power. Venezuela’s coerced decision to open its mineral wealth is just another move on that global chessboard.