Hello, everybody, and thank you for tuning in to the weekly report.

President Trump's mission accomplished moment.

Unless President Trump reverse his course, the lower prices, bigger paychecks banner that hung behind him at his affordability speech this month will be remembered as being

to economic policy what President George W. Bush's mission accomplished banner was to foreign policy.

According to a political poll, many Americans are having difficulty paying for food, housing,

transportation, and health care.

37% of Americans cannot afford to take their family to a professional sports event, while

46% of Americans cannot afford airfare for a vacation.

For an increasing number of Americans, the affordability crisis is compounded by the firing crisis.

Last month, approximately 120,000 small business workers lost their jobs. The highest one

month declined in small business employment since the COVID lockdowns. Large businesses

including Amazon, Verizon, Target, and Apple are also laying off workers.

The affordability crisis began in 1971 when President Nixon severed the last link between the U.S. dollar and gold.

This removed any restraint on the Federal Reserve's ability to pump money into the economy, leading to a continuous dollar

devaluation. The decline in dollars purchasing power is the real cause of the rise in prices and decline in living standards.

Fiat currency may be bad for the average American, but it is great for the welfare welfare state and the special interest that benefit from it. This is because the Fiat money system

enables the Federal Reserve to monetize high levels of government debt via purchases of Treasury

securities, thus making possible the explosion in government spending and power we have experienced the last 50 years.

The Fiat money system is also responsible for the bubble boom-bust economy that has plagued America.

President Trump promised to reduce federal spending and end

by inflation. Instead of keeping his promise, President Trump, with the help of the

Republican Congress, increased spending. As a result, the federal debt is now over

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