This week they tried to hide four things at once. China ran the biggest Taiwan military drill in history -- and said nothing. The government admitted it lost the October 2025 price data and kept raising rates anyway. BlackRock's Bitcoin ETF bled $2 billion in nine days. And Wall Street tried to sell you a company that lost $80 billion in six months. This is what a system in denial looks like from the inside.
THE WEEK
Monday, November 9. China deployed more than 100 warships and coast guard vessels around Taiwan without a single announcement. Fighter jets. Destroyers. Three separate theater commands coordinating in a single operation -- something that has never happened before in a Taiwan drill. Beijing gave it no name and made no statement. Every major previous drill had a name. This time, silence was the message. The Institute for the Study of War called it cognitive warfare. The goal: make Taiwan believe the U.S. will not show up.
Tuesday, November 10. The October CPI report landed and the headline was already bad: prices rose 0.4%, beating the 0.3% Wall Street expected. Food up 0.5%. Energy up 0.7%. But buried in the footnotes was the real story. The Bureau of Labor Statistics published no year-over-year inflation rate. The 2025 government shutdown had erased October 2025's price data entirely. Gone. No baseline. The Fed is now building rate policy on a floor with a missing board.
Wednesday, November 11. Veterans Day. Armistice Day. The guns stopped on the Western Front in 1918. The war on your savings never did. October CPI at 0.4% per month annualizes to nearly 5%. The Fed's target is 2%. The national debt crossed $40 trillion. Interest payments now exceed the entire defense budget. The dollar has lost 97% of its purchasing power since the Federal Reserve was created in 1913. The inflation armistice was never signed.
Thursday, November 12. Anthropic filed to go public. The valuation started 2026 at $2 trillion. It is now sitting around $1.1 trillion and still moving down. The company lost $80.7 billion in the first six months of 2026 on revenue of $16.3 billion. Five dollars burned for every dollar earned. The Wall Street Journal compared it to WeWork. The company is now asking job candidates what they would do if the stock went to zero. They are selling you the bag while the insiders plan their exit.
Friday, November 13. BlackRock's Bitcoin ETF recorded its ninth straight session of outflows. Total bled: $2 billion. Five combined days of outflows across all U.S. spot Bitcoin funds hit $1.44 billion. Bitcoin dropped to $73,525 from a 52-week high of $103,996. The institutions that cheered loudest about democratizing Bitcoin are exiting the fastest. They never owned Bitcoin. They owned paper. When paper sells, the price drops. The asset does not change.
WHAT THEY'RE NOT TELLING YOU
1. The Fed is raising interest rates without knowing whether inflation improved or got worse compared to last year. The 2025 government shutdown deleted October 2025's price data, so the Bureau of Labor Statistics could not calculate an annual rate this month. BofA now expects hikes in both December 2026 and March 2027 -- rate policy built on an incomplete foundation. (CBS News, November 10, 2026)
2. China coordinated three separate military theater commands around Taiwan simultaneously -- a first in the history of these drills. Eastern, Northern, and Southern commands deployed surface forces together in a single operation that exceeded the scale of every previous drill. The Institute for the Study of War says the goal is not military strike but psychological: convincing Taiwan the U.S. will not come to its aid. (Institute for the Study of War / American Enterprise Institute, November 6, 2026)
3. Anthropic is simultaneously seeking a trillion-dollar valuation and asking job candidates to plan for the stock going to zero. The company lost $80.7 billion in the first six months of 2026 -- a sixfold increase from the same period in 2025. Its valuation has fallen from $2 trillion at the start of this year to $1.1 trillion today. When the insiders cash out, retail investors hold the bag. (Wall Street Journal / Bloomberg, November 2026)
4. Elon Musk's Insane Projection: 7,692,207% -- The two investment legends who picked Nvidia 10 years ago predict M.A.G.I. collides with a 100% track record market pattern this month. See the details here.
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ROBERT'S TAKE
Every story this week is the same story. Paper versus real. The institutions are exiting paper Bitcoin while the asset itself does not move. Wall Street is selling paper AI while real businesses that make real things keep running. The government lost its own inflation data. And China practiced surrounding the island that manufactures 90% of the world's most advanced chips -- the chips every AI server, every military system, and every new car runs on.
My rich dad told me this fifty years ago. The game is always the same. Create a vehicle that sounds like the asset. Sell it to the public. Exit when the public is fully in. The vehicle crashes. The asset survives. This week you watched it happen with Bitcoin ETFs. Last year it was SPACs. In 2000 it was dot-com stocks. The IPO window closes and the retail investor is left holding paper. It has never ended differently.
Here is what the mainstream is not connecting. The Fed cannot accurately measure inflation. The government spends $1 trillion a year on interest alone. China is rehearsing a blockade of the world's most critical supply chain. And the biggest IPO of the decade is a company that burns five dollars for every dollar it makes. These are not separate events. They are four corners of the same collapse. When the system cannot measure what it broke, it cannot fix it. That is where we are.
Gold was at $4,066 Monday. Silver at $52 Thursday. Bitcoin is a real asset but paper Bitcoin is not. Real estate you control is real. A fund someone else redeems is paper. This week taught you the difference in real time. Watch the December Fed meeting. BofA expects another hike -- possibly 50 basis points. If they hike into missing data, every paper asset built on cheap money faces another repricing. Get out of paper. Get into real. That is the only trade this week taught.
WHAT'S COMING
The December Fed meeting is the trigger -- BofA expects a 50-basis-point hike built on incomplete inflation data, and when that decision lands, every overleveraged paper position faces the reckoning it has been postponing.
Stay alert. Stay free.
Robert Kiyosaki
P.S. Our first deal went public. The private gold-recovery company we introduced earlier this year began trading Friday on the NYSE American as MDRN. A listing isn’t a guarantee, but it’s a milestone most private companies never reach. Our next deal, tied to Q-Day, closes Thursday, Nov. 19. See the briefing.