Authored by Jon Fleetwood, via Substack,

A sprawling, multi-institution effort for “predicting” future pathogen characteristics, developing vaccines “in advance of need,” and building the very systems intended to validate those predictions.

The Defense Advanced Research Projects Agency (DARPA) spent the early 2010s constructing what may have been the most ambitious predictive vaccine-development infrastructure ever attempted: a sprawling, multi-institution effort designed to determine the future characteristics of purported pathogens before they emerged and ultimately use those predictions to develop drugs and vaccines before they were needed.

The program, known as PROPHECY—short for Pathogen Defeat—was announced in 2010 under Broad Agency Announcement DARPA-BAA-10-93 and was managed by DARPA’s Defense Sciences Office.

DARPA itself described the vaccine-centric purpose of the program unambiguously.

According to the agency: “The Prophecy (Pathogen Defeat) program will explore the evolution of viruses in the hopes of predicting viral mutations and ultimately developing drugs and vaccines in advance of need.”

The effort was not limited to coronaviruses, influenza, or any other single disease category.

DARPA repeatedly stated that the goal was understanding: “the natural evolution of any virus.”

The result was a massive architecture that brought together machine learning researchers, statisticians, bioinformaticians, computational biologists, laboratory scientists, surveillance specialists, universities, contractors, and national laboratories into a single “predictive” framework.

Yesterday, this website reported that DARPA’s PROPHECY program expanded into the laboratory of coronavirus researcher Ralph Baric years before the COVID-19 pandemic and nearly a decade before the DARPA/DEFUSE proposal documented all three defining structural features of the SARS-CoV-2 spike protein prior to the outbreak.

DARPA Wanted to Turn Vaccine Development from Reactive to Predictive

DARPA openly believed that existing vaccine development operated backwards.

The agency described the modern pharmaceutical model as: “observational and reactive.”

PROPHECY was intended to replace that model with one that was: “predictive and preemptive.”

Rather than waiting for future purported disease threats to appear before beginning the process of characterization and countermeasure development, DARPA sought systems capable of determining the characteristics of future pathogen populations in advance.

Everything in PROPHECY flowed from that objective.

Building the Blueprint Before the Pathogen

DARPA’s ambitions extended far beyond outbreak forecasting.

The agency stated: “DARPA seeks to achieve the ability to successfully predict the natural evolution of any virus, via platforms and algorithms which are capable of monitoring rare advantageous viral events…”

The program sought systems capable of determining:

• future mutations,
• future reassortments,
• future genetic events,
• the order in which mutations would emerge,
• genotype-to-phenotype relationships,
• and ultimately the characteristics of future pathogen populations.

DARPA acknowledged: “there is at present no reliable capability to predict viral reassortment or mutations responsible for the emergence of new viral strains.”

Its proposed solution was: “An investigative platform to predict mutations and possibly reassortments in advance of their occurrence.”

The agency further explained that PROPHECY sought: “predictive algorithms of viral evolution that are informed and validated experimentally using high throughput biological platforms…” and: “the integration of a viral evolution platform with an algorithm that predicts mutations which confer an evolutionary advantage to the viral population.”

Among the formal requirements of the program was the ability to: “reproducibly predict the genomic, proteomic, and/or functional attributes of the final viral population.”

DARPA also sought to determine: “the rate and order of mutation acquisition” as well as: “the correlation of genotype to phenotype.”

The objective was not merely individual mutations.

It was the endpoint population itself.

Prediction Was Only the First Layer

PROPHECY was never designed to stop at prediction.

DARPA required participants to construct what it called: “biological validation systems” and repeatedly emphasized: “testing and validation of the system and algorithm.”

The BAA instructed performers to: “Perform a ‘real world’ test of the predictive algorithm and biological validation system…”

The purpose of that exercise was to determine whether researchers could: “reproducibly predict the genomic, proteomic, and/or functional attributes of the ending viral population.”

DARPA further instructed participants to: “develop a research strategy and solicit collaborations from partners” that would assist in: “applying their predictive methodology to surveillance data from the real world.”

The architecture described by PROPHECY therefore extended beyond prediction alone.

The program sought to construct systems capable not only of generating future pathogen blueprints, but also of attempting to validate those predictions experimentally and through subsequent observational frameworks.

Bottom Line

Amid COVID-19 debates, public attention has focused on later programs such as DEFUSE, ADEPT, pandemic mRNA platforms, and Operation Warp Speed.

But PROPHECY confirms that by 2010, DARPA was openly attempting to build a generalized predictive infrastructure capable of deciding the future characteristics of purported pathogens, using those predictions to enable drugs and vaccines in advance, and constructing systems intended to validate those predictions experimentally and through later observational frameworks.

Most importantly, the effort was never intended for a single disease.

PROPHECY sought to build this capability for: “any virus.”

Whether viewed as predictive biodefense, anticipatory genomics, preemptive countermeasure development, or something else, the architecture described by DARPA followed a remarkably consistent sequence:

• vaccines as the objective;
• future pathogen blueprints as the enabling technology;
• “validation” systems as the final layer.

That architecture may ultimately prove to be one of the most consequential and least understood developments in the history of modern biodefense research.

The phrase “suicidal empathy” has exploded like wildfire across social media in the past year largely because there are so many tragic stories of migrant crime against people who advocate for open immigration.  Liberal women and devout leftist activists work in immigration centers or open their homes to third world migrants, only to be brutally assaulted or murdered by those same people.

It’s important to understand that the third world views the west not as a new home or an opportunity for integration, they view the west as a target for conquest.  By extension, they see western citizens as people to be subdued; as fat cattle to be culled.  Coexistence is simply impossible, but woke activists consistently risk their own lives and the lives of others in a foolish attempt prove the opposite.

Case in point:  Prominent Irish Pro-Palestine activist Jamey Carney was found dead by her 13-year-old daughter in their rented home in Killarney, Ireland on July 7th, 2026 – Her skull was violently bludgeoned, though the official cause of death is listed as “suffocation”. 

The one and only suspect? Ahmad Al-Saqar, a Jordanian migrant who Carney met at a Pro-Palestine rally.  She invited the man to stay at her home on occasion, though his primary residence was the government run asylum center (migrant hotel) in Killarney.  Neighbors report a loud argument between Al-Saqar and Carney just before she was found dead. 

The couple were in a romantic relationship and Al-Saqar often referred to Carney as his “bride” and his “princess” on social media.      

The migrant is now on the run and is believed to have fled the UK for Turkey immediately after the murder.  The chances of apprehension and punishment are slim.  UK authorities are more likely to sweep migrant crimes under the rug than they are to pursue international suspects.  Al-Saqar is believed to be Muslim (95% of Jordanians are Muslim), though official reports do not mention his religious background.

Jamey Carney was previously a US citizen, living in New York and working in real estate and insurance.  Her reasons for moving to Ireland and diving into the activist movement in 2021 are not clear.  However, relocation to Europe has been a growing trend among American liberals since 2016.  

The irony of a woke activist being murdered by a migrant from Jordan is not surprising. The cultural divide in how women are treated in Islamic society vs western society is vast and violence against women is common.  A number of progressive activists have been attacked by migrants across the US and Europe while engaging in advocacy programs.  Yet, progressives continue to deny that third world immigration is dangerous. 

Brenda Blainey, An 87-year-old woman in Thornton-le-Dale, North Yorkshire, befriended and invited Shahin Darvish-Narenjbon (a failed Iranian asylum seeker she met in a restaurant years earlier) to live with her. She treated him like a grandson, but he murdered her in her home in a vicious attack in 2023. He was later convicted of manslaughter (diminished responsibility). 

Jean Dussine, a well-known 63-year-old French activist who headed a local migrant assistance organization and frequently hosted migrants in his personal home was bludgeoned to death in his sleep in May 2020. Police arrested a 21-year-old Afghan migrant who had confessed to the attack.  

Numerous assaults, sexual assaults and murders have been reported across the UK and Europe in relation to migrant hotels.  In many cases, these attacks target the very people working or volunteering at the hotels.  However, most countries in Europe purposely avoid tracking the immigration status of suspects to prevent public backlash against multicultural projects.  

Authored by Catherine Salgado via PJMedia.com,

The Fifth Circuit Court of Appeals has ruled in favor of the Trump administration and against woke states or universities that try to provide special tuition breaks to illegal aliens.

Brett Shumate, who serves as the assistant attorney general for the Department of Justice (DOJ) Civil Division, celebrated the court win on Thursday, July 9. This is a victory not only for the Trump administration, which is trying to enforce laws at the state level against law-breaking foreigners, but also for American taxpayers, who perforce contribute to public universities that then give special deals to illegal aliens. Meanwhile, many Americans can’t afford to attend college.

It is important to note that the ruling specifically states that universities cannot provide in-state tuition to aliens when it does not provide such benefits to American nationals regardless of residency. It therefore undercuts the tuition break for foreigners on the explicit argument of it being unfair to citizens not residing in the state in question.

The case concerned whether Texas universities could provide in-state tuition to illegal aliens in defiance of federal law while denying lower tuition to non-Texas students. The state’s governor, Greg Abbott, is very pleased with the new circuit court ruling. “Texas and the Trump DOJ just secured another major victory for the rule of law,” he declared. “The Fifth Circuit upheld the END of in-state tuition for illegal immigrants in Texas.”

Judicial Hub reported that the judges appointed by Ronald Reagan (Judge Jerry Smith) and Donald Trump (Judge Don Willett) issued the majority ruling while the Joe Biden-appointed Judge Irma Ramirez dissented. The ruling stated, as mentioned above, “Section 1623(a) preempts what we call the Challenged Provisions vis-à-vis illegal aliens, barring states from conferring postsecondary education benefits on any illegal alien based on residence unless the same benefit is available to all U.S. citizens and nationals irrespective of residency.”

As of October 2025, 22 states were reportedly offering in-state tuition to illegal aliens. That represents almost half of the United States. Hopefully the federal government can now enforce the restrictions given the Fifth Circuit Court ruling, presuming Democrats do not make the move they so often make of simply ignoring court decisions they dislike.

To give just one example of how unfair many universities and states can be, the University of Arizona provides advice to “DACA/Dreamer Applicants” (i.e., illegal aliens) on how to obtain in-state tuition prices and merit scholarships. The University of Arizona also slashed the amount of merit scholarships it was giving to American citizen students for the incoming fall 2026 freshman class. Maybe if the university would stop wasting money on foreigners who are not legally allowed to be present in the state, it would have more money for American students.

Authored by Ed Dowd via ‘Beyond The Narrative’ substack,

The COVID Reckoning That Never Came… And the Silence That Proves the Psyop

Over the last several years I have been posting nonstop on X about the same nightmares we’ve been living through…the COVID psyop, the experimental mRNA shots, the mandates that destroyed lives, the injuries, the excess deaths, and the relentless propaganda machine that tried to silence anyone who noticed the bodies piling up. I have watched it all in real time: the fear porn, the goalpost moving, the “safe and effective” lies repeated like gospel while real-world data told a different story.

Now we have fresh, documented revelations that should have blown the lid off of everything. Instead? Crickets from the media and, more disappointingly, from the current administration that promised accountability.

Senator Ron Johnson dropped another devastating report and hearing in late April 2026: “Unmasked: How Biden Health Officials Purposely Turned a Blind Eye Toward COVID-19 Vaccine Safety Signals.” Internal records show FDA officials knew their VAERS monitoring was inadequate to say least. They had better data-mining tools ready to flag clear safety signals: cardiac deaths, strokes, pulmonary issues, Bell’s palsy but they chose not to use them. Why? To avoid “vaccine hesitancy.”

This was not screw-up territory. It was deliberate. Vaccine-injured people sat across from Peter Marks and other top FDA brass begging for acknowledgment. They got stonewalled. Johnson rightly calls this one of the biggest scandals in his decades in public service. Then in early June he held another hearing exposing potential cancer links to the mRNA shots and the systematic suppression of critical studies. Same playbook: inconvenient science gets buried or attacked.

Around the same time, Tulsi Gabbard, in one of her final moves as DNI, declassified documents laying out Fauci’s role in funding gain-of-function research at Wuhan, the lab-leak cover-up, the intelligence manipulation, and the retaliation against truth-tellers. Millions of taxpayer dollars funneled into risky biolabs, followed by the full narrative-control machine kicking in to blame nature instead of the obvious.

These are not anonymous X threads. This is a sitting Senator with subpoena power and the former Director of National Intelligence dropping official records.

So where is the firestorm? Where are the front-page exposés, the prime-time specials, the demands for real hearings and prosecutions? In 1976 the swine flu vaccine was pulled after 25 deaths and 500 cases of Guillain Barre Syndrome. In the covid shot era we have approximately 39,000 deaths reported to VAERS following the shot. Apparently lives got cheaper over the last 50 years. The legacy media has mostly ignored it, downplayed it, or run the usual “right-wing conspiracy” dismissals. Paid to lie… and crickets on recent FDA COVID vax revelations. Their complicity is not an understatement, rather it was essential to the entire psyop.

Even more frustrating is the relative silence from the current Trump administration. After years of vowing to expose the lies and drain the swamp on the pandemic response, these revelations land and… not much follow-through. No aggressive push for accountability. No sustained public reckoning for the officials who covered up safety signals or manipulated the origins story. That silence hits hard. Additionally the vaccines are still on the market and this administration is now complicit. What an epic failure!

A lot of us did not need Johnson’s reports or Gabbard’s declassifications to see the fraud. Back in 2022 and 2023, my team at Phinance Technologies was already digging into the data and uncovering the real narrative through our Humanity Projects. We analyzed excess deaths, disability surges, absence rates, and the human and economic costs of mass inoculations when almost no one else wanted to touch it. Check out the full body of work here: Humanity Projects

What we found through cold, hard numbers lined up with what the bodies on the ground were showing. We weren’t surprised by the latest revelations from Senator Johnson. We had been sounding the alarm years earlier, while getting labeled conspiracy theorists for it.

We watched the institutionally well-established benefits of natural immunity get summarily dismissed and memory holed. We saw “two weeks to flatten the curve” turn into endless boosters for the compliant and job losses for the unvaccinated. We saw friends and family injured or worse, then told it was “rare,” “coincidence,” or “misinformation.” Those of us who protested the mandates and the experimental mRNA shots were labeled Russian disinformation, dangerous spreaders, even domestic terrorists. It did not stick, but they tried.

For those who saw through the propaganda early, resisted it, and watched peers fall for it our worldview has forever changed. The greatest cover-up ever. But despite the MSM blackout, word has gotten out through underground channels, thanks in no small part to Senator Ron Johnson and others who refused to let subject die.

The betrayal runs deep. These new revelations do not surprise us but rather they confirm what the data and our own eyes showed years ago. They lied. They knew they were lying. They censored, gaslit, and destroyed lives to protect the narrative. Many institutions including public health, intelligence, media, Big Pharma were all in on it and still propagating the lies today.

That loss of trust is profound and permanent for millions of us. We no longer default to believing official statements. We demand primary data. We assume self-preservation and narrative control from authorities until proven otherwise. The COVID era did not just damage credibility on one issue instead it shattered how an entire group of people view government, “experts,” and authority. “Doing your own research” proved to be a critical lifesaver.

The people in authority still defending the garbage jab or pretending none of this matters can keep taking their 12 boosters (dirty little secret… they are not). The rest of us are done. We are profoundly changed. More skeptical. More data driven. Less willing to comply. Team Humanity was born out of this mess.

The window for real accountability is slamming shut. Even if these official revelations get memory-holed, the lesson is clear: they never planned to come clean. They want us to forget and move on to the next crisis.

I am not forgetting. And from what I see every day, millions are not either. As time rolls forward and the cognitive dissonance of those who took the vaccine wears off…our numbers will continue to grow.

“For nothing is hidden that will not be made manifest, nor is anything secret that will not be known and come to light.” — Luke 8:17

Secretary of State Marco Rubio has requested that senior officials from more than 60 countries convene in Washington next Thursday to discuss the alarming rise of transnational far-left terrorism, according to a Washington Post report.

The State Department confirmed the meeting in a post on X Friday afternoon titled, “Secretary of State Marco Rubio Is Setting His Sights on Antifa.”

.@NEWSMAX: “Secretary of State Marco Rubio is setting his sights on Antifa.” pic.twitter.com/dHZvcpFrHf

— Department of State (@StateDept) July 10, 2026

The initiative is intended to expand intelligence sharing, law-enforcement cooperation and potential terrorist designations targeting militant groups with alleged ties to Antifa.

Administration officials have discussed whether foreign-terrorism links could unlock broader investigative and surveillance powers against US-based far-left revolutionaries that are a part of subversion networks.

The problem is that countries have been addressing far-left revolutionaries as a domestic threat, but in fact it’s transnational.

Due to overwhelming interest, we’re expanding the Ministerial on the Resurgence of Political Terrorism to additional countries who are working to combat the growing international threat of far-left violence. https://t.co/3LxNkhGY64

— Department of State (@StateDept) July 11, 2026

State Department spokesman Tommy Pigott said the upcoming event is in response to the rise of the radical left. He said far-left terrorism is “an old threat re-emerging with strong transnational links and new convergences.”

🚨 Rioters in L.A. are burning self-driving Waymo cars, each worth $600K. Police are asking the company to shut down the app as people lure cars into protest zones and set them on fire.#LosAngelesProtests #california pic.twitter.com/dp9jEqXaSp

— Tom Valentino (@TomValentinoo) June 9, 2025

“Because this threat has not been adequately addressed in the past, each engagement, designation, or security assistance program creates a compounding effect supporting countermeasures at home and abroad,” Pigott said in a statement.

In November, the State Department designated four European far-left groups as foreign terrorist organizations and directed agencies to investigate networks accused of fomenting political violence. One of the militant groups in Germany is called Antifa Ost. Two more were in Greece and one in Italy.

Related:

• Germany’s AfD Tricks Thousands Of Antifa Revolutionaries

During the Antifa roundtable at the White House last October, Seamus Bruner, Director of Research at the Government Accountability Institute, briefed the president and his cabinet on a complex network of dark-money NGOs and activist groups fueling unrest nationwide via the permanent protest-industrial complex.

“We have identified dozens of radical organizations, not just the decentralized Antifa organizations, but dozens of radical organizations that have received more than $100 million from the Riot Inc investors,” Bruner told Trump.

via Government Accountability Institute… 

Elon Musk chimed in on X, commenting on a video featuring Bruner’s public briefing to the president about the dark-money NGOs, saying, “Way more than $100M of US taxpayer money.

Way more than $100M of US taxpayer money

— Elon Musk (@elonmusk) October 8, 2025

Investigators have honed in on what appears to be foreign subversion networks operating in the US – one from Cuba and the other from China.

Last month, Secretary of State Marco Rubio sanctioned the Cuban Institute of Friendship with the Peoples, or ICAP, a Castro-era organization used to spread Marxist ideology abroad.

As we’ve pointed out before (see the report), ICAP sits at the center, functioning as a partner to NNOC. Think of NNOC as a pathway for foreign subversion operations to infiltrate US NGOs.

Take a look at NNOC’s member organizations, and you might notice several socialist and communist-linked NGOs, including the Democratic Socialists of America, whose members have actively promoted “destroying America from within.”

Frank, Aaron, Hank and Sam are Communist insurgents, radicalized marxist revolutionaries hiding behind personal ideologies to justfy their 1A expressions of the right to promote the insurrection of the Constitutional Republic of the United States of America pic.twitter.com/XLzzjisOqd

— AnimalFarm1945 (Moshe) (@Farm1945A) July 6, 2026

DSA has stated they’re ICAP partners…

Just days ago, independent Cuban news outlet ADN Cuba revealed that a US-based Cuba solidarity coalition was giving orders to their far-left revolutionaries embedded within the US to prepare rapid-response protests at US federal buildings, military bases, recruitment centers, and ICE facilities in the event of a military confrontation between the US military and the communist regime in Havana. As we’ve seen before, these protests tend to turn into riots, especially at ICE facilities.

Read leaked memo here.

🚨 PRIMERO EN ADN | Documentos revisados por ADN Cuba revelan un plan nacional de “respuesta rápida” distribuido por la Red Nacional sobre Cuba (NNOC), una coalición con vínculos documentados con el ICAP, para coordinar protestas contra oficinas de ICE, bases militares y…

— ADNCuba – Noticias de Cuba (@CubaAdn) July 8, 2026

Meanwhile, U.S. Attorney Jay Clayton for the Southern District of New York, authorized by Acting Attorney General Todd Blanche, is examining whether far-left China-based tech financier Neville Roy Singham, who has reportedly funneled hundreds of millions of dollars into left-wing nonprofits, media operations, and activist networks that seek to sow chaos and spread communism inside the US, has committed wire fraud, bank fraud, money laundering, or other financial crimes.

FIRST ON FOX: A federal grand jury is investigating China-based tech tycoon Neville Roy Singham over alleged financial improprieties involving $278 million that investigators say moved through his financial network over the past decade.

Federal investigators are examining… pic.twitter.com/cqqt9QthU6

— Fox News (@FoxNews) June 29, 2026

It gets better because even top officials in the Democratic Party are calling for investigations into far-left revolutionary groups, including a Bill Clinton insider:

• Bill Clinton Insider Warns Of Socialist Takeover, Calls For Probe Into Possible DSA Foreign Ties

And we wonder why:

Hasan Piker calls on his followers to kill capitalists:

“Yeah kill them! KiII those motherfuckers and murder those motherfuckers in the streets. Let the streets soak in their fucking red capitalist blood, dude.”

Democrats are campaigning with him. pic.twitter.com/YiZxGgRkgc

— Eyal Yakoby (@EYakoby) April 9, 2026

Jordan Garces of Rhode Island DSA: “We’re here to overthrow the entire capitalist state.” pic.twitter.com/MSaBllyXnr

— DSA Watch (@DSA_Watch) July 9, 2026

REMINDER: The DSA = ANTIFA pic.twitter.com/CD4chd6jzz

— 🇺🇸 Jason Curtis Anderson (@JCAndersonNYC) September 20, 2025

Simultaneously, there has been a disturbing pattern arising across the West:

• Troubling Pattern Of Left-Wing Revolutionaries Targeting “Capitalists” Raises Alarm Over Youth Radicalization

Whether it is Antifa, other far-left revolutionary movements, foreign subversion networks tied to intelligence operations from Cuba to China, or DSA figures openly calling for the destruction of the US, the common ideological thread is becoming increasingly difficult to ignore. Even establishment globalist outlets such as The Atlantic have recently acknowledged the broader pattern:

More or less, the rise of the far-left revolutionary movement is driven by a shared objective: dismantling America from within and killing capitalism. The resurgence of these revolutionaries is creating a growing national-security and political problem.

President Trump’s recent barrage of Truth Social posts attacking communism suggests the administration may be preparing to dramatically escalate its campaign against these revolutionary networks and what only appears to be foreign subversion networks that support them.

Authored by Adam Sharp via DailyReckoning.com,

I have 5 charts for you today which put this crazy market into context and give some clarity on what might come next.

We’re at a fascinating crossroads for markets, geopolitics, and finance.

Let’s get started.

Semis Party Like It’s 1999

First up, semiconductor returns. The index below includes U.S. semi stocks like Nvidia, Micron, Intel, Broadcom, Marvell, Texas Instruments, and more:

Source: Charlie Bilello 

As you can see, during the dotcom bubble, semiconductor stocks soared 234% over 14 months in the period leading up to February 2000. That was the peak of the market, and tech stocks wouldn’t recover for about 15 years.

And in the past 14 months, SOX is up 237%. Reminiscent of the dotcom days.

Maybe this time is different, and yes, the stocks are more profitable today. But it’s undeniable that markets are getting bubbly. Semis are looking especially frothy. When AI spending inevitably slows down, watch out below…

+$2.99 Trillion

Over the past year, America’s federal debt jumped by $2.99 trillion.

Needless to say, our current trajectory is unsustainable. We’re paying about $1.2 trillion per year just in interest on federal government debt.

This is the key reason I believe interest rates will need to go down to near zero sometime in the next few years. Even if inflation remains above target. And it’s why I still believe holding precious metal investments is key to wealth preservation and growth.

AI Infrastructure Surpasses Humans

We all know data centers are booming. But the chart below puts it all into perspective. It compares office construction (blue) to data centers (red):

Source: Zerohedge

Simply remarkable. We’re spending more on infrastructure for AI than humans.

And since 2016, spending on data centers is up more than 10x.

But all around the country, locals are pushing back against big tech. Data centers are extremely loud. They spike local electricity prices to unaffordable levels. In some cases, they pollute the water with nitrites and other chemicals.

And most importantly, our power grid is hitting its limits. We can’t build new power plants fast enough to keep up. So eventually, the data center boom will have to slow down significantly. And that will likely mark the top of this boom/bubble.

Silver vs Stocks

Silver has had a rough few months. After rising almost 4x in a year, it has been cut in half.

The chart below compares silver to the S&P 500. As this chart rises, silver is beating stocks. When it falls, it is losing.

Source: Tavi Costa

As you can see, even at the recent highs we didn’t get anywhere near the levels we saw in 2011, when silver outperformed stocks for an extended period.

We’ve gotten our big correction, and I believe the next 5 years will be excellent for silver. It still has a long way to go to reach 2011 levels (compared to stocks). And supply deficits today are far more extreme than they ever were back then. Solar is booming and investment demand is soaring, especially in Asia.

I remain convinced silver will find new highs over the next few years. Maybe sooner.

-$246B Gambling Losses

The USA’s gambling problem is getting worse. As a whole, Americans are on track to lose $246 billion this year.

Source: Joey Politano

As we highlighted last week, Americans invest about $600 billion in 401ks every year. That number could be $850 billion if we ever learn that gambling has horrible odds.

Look, if you can afford to gamble and enjoy it, great. But many people are trying to strike it rich. And that almost never happens.

Gambling is all around us, and we should be on guard against its pernicious effects. Saving and investing should always come first.

China successfully landed the first-stage booster of a Long March 10B rocket on a floating barge during an orbital launch test earlier Friday, marking the first major step in reusable launch technology, albeit roughly a decade behind Elon Musk’s SpaceX.

“This mission … signifies a historic breakthrough in China’s reusable rocket technology and a solid foundation for accelerating the improvement of China’s space access capabilities,” the China Aerospace Science and Technology Corporation wrote in a social media post.

China has achieved its first-ever controlled recovery of a rocket booster, a breakthrough for the country’s reusable space tech. On the maiden flight of Long March-10B, the rocket successfully placed its payload into orbit, and its first stage returned and was captured by a net… pic.twitter.com/YZRcgbneTg

— China Xinhua Sci-Tech (@XHscitech) July 10, 2026

Reusable rockets are key to SpaceX’s dominance of the global launch market, with Musk’s company having mastered booster recovery and reuse a decade ago:

• December 21, 2015: First successful landing of an orbital-class Falcon 9 booster.
• April 8, 2016: First successful landing on an ocean drone ship.
• March 30, 2017: First relaunch of a previously flown Falcon 9 booster, marking the start of operational reuse.

Ten Years Ago: SpaceX Falcon 9 First Stage Landing  

Blue Origin, SpaceX’s closest U.S. rival, completed the first successful landing of a New Glenn first-stage booster last November.

pic.twitter.com/0WzaWjjjL9

— Jeff Bezos (@JeffBezos) April 19, 2026

BryceTech’s latest launch report for Q1 2026 shows how SpaceX’s reusable-rocket technology has transformed Musk’s space and AI company into a market leader.

SpaceX launched 40 rockets during the quarter, compared with 12 for China, five for Rocket Lab, and four for Russia, reinforcing the widening gap between SpaceX and the rest of the global launch industry.

More evidence of SpaceX’s dominance:

And again:

SpaceX is a major reason America’s space program continues to lead the world today and should maintain that lead through 2030.

Investors are waiting for the commercialization of Starship…

84% chance Starship is fully reusable before 2028. https://t.co/PZiahSxMgo

— Polymarket (@Polymarket) July 7, 2026

With SpaceX maintaining roughly a decade-long technological lead over nation-state-backed programs such as China’s, it is little surprise that Wall Street analysts are piling in with bullish ratings on SPCX. Raymond James is the most aggressive, setting a Street-high 12-month price target of $800. Read the report here.