Luis Maizel’s Monthly Letter: A Paralized Government in a Polarized Country.

Today, we woke up to a government shutdown and without resources. United States law establishes a maximum debt limit that only Congress can increase. The Republicans’ budget proposal was rejected by the Democrats, who demanded a series of concessions in order to vote in favor of temporarily raising the debt ceiling.

Gold Market Commentary: Stubburn Stagflation.

The content discusses the current gold market amidst persistent stagflation, emphasizing rising gold prices driven by economic uncertainties. It includes links to various related articles, covering topics like tariffs, economic outlooks, and strategies from financial leaders, providing insights into the implications of these factors on the global economy and investment climate.

Politics in the Age of Digital Doubles.

The political landscape is shifting as robotic advancements outpace human leadership qualities, with candidates utilizing digital avatars to connect with voters, particularly the youth. However, this reliance risks distorting authenticity and promoting authoritarian tendencies, as illustrated by Yoon Suk-yeol’s presidency, which ended in impeachment due to his detachment from reality.

The End of American Hegemony: China’s Rise Explained.

The recent display of power by China signifies a shift away from the values of democracy, human rights, and equality once championed by the West. With the U.S. under Trump’s leadership becoming increasingly isolated, authoritarian regimes are strengthening alliances. The global order is changing, favoring authoritarianism over democratic principles.

Made in China.

The article discusses China’s significant influence on globalization and the intersection of capitalism and communism in its society. It reflects on personal experiences that highlight China’s pervasive presence in daily life, from products to cultural interactions, emphasizing that the essence of Chinese culture has integrated into various aspects of existence beyond its borders.

The Decline of the Liberal Order: Insights from Florentino Portero

Florentino Portero argues that the liberal order based on freedom and free trade is collapsing, beginning a shift towards a post-Western world led by emerging powers in Southeast Asia. He warns of rising populism due to citizens’ declining trust in traditional parties, emphasizing the importance of fighting for freedom and addressing people’s immediate needs for stability and employment.

Gold Mid-Year Outlook 2025.

Gold prices surged 26% in the first half of 2025 due to a weaker US dollar and increased investment demand amid economic uncertainty. Predictions indicate potential gold price stability with a slight increase, while deteriorating conditions could drive prices 10%-15% higher. Conversely, conflict resolution could lead to a 12%-17% drop in gains.

The Impact of Trump’s Leadership on World Order.

Edward Luce critiques Trump’s tumultuous presidency, suggesting he has unleashed uncontrollable global forces. His actions have eroded U.S. prestige and damaged relationships, especially in Europe and Canada. While tensions existed prior, Trump’s erratic approach risks a new world order. The long-term consequences remain uncertain, highlighting the need for renewed strength.

Two Questions for the Oracle of Delphi.

Delphi, Greece, historically a pilgrimage center for prophecy, raises questions about democracy’s future. Philosopher Fernando Savater emphasizes citizen responsibility in a democracy. The conflict with China, which lacks fundamental freedoms, is highlighted. Despite challenges, democracy persists through its adaptability and civil society, contrasting with China’s authoritarian model.

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