Kiyosaki Uncensored -- Friday, July 3, 2026

Dear Reader,

57,000 JOBS.

That is what the government told you the U.S. economy created in June.

The Dow hit an all-time record. CNBC anchors smiled. Soft jobs data reduces rate hike pressure, they said. Bullish for stocks.

Here is what they did not tell you.

57,000 jobs is smaller than one Taylor Swift concert audience. For a country of 335 million people. In an entire month.

The unemployment rate held at 4.2%. Mainstream called it stable. It is stable because people QUIT LOOKING. Labor force participation just hit a 5-year low: 61.5%. When Americans stop searching for work, they fall off the unemployment rolls entirely. The government counts that as stability. I call it surrender.

And here is the trap. Wages grew 3.5% year-over-year. That is 75% above the Fed's 2% inflation target. The Fed cannot cut without pouring fuel on inflation. They cannot hike without cracking the labor market further. They are pinned. The word for this is stagflation. The mainstream press will not say it.

I will.

IN TODAY'S ISSUE:

• Why the stable unemployment number is the most dishonest statistic in America right now

• The stagflation trap: why the Fed is out of moves

• What history says you should own when this happens

• SPONSORED: While the jobs market stalls, one trader pocketed $6,268 from oil in a single trade. Here is how.

THE REAL NUMBERS

The Bureau of Labor Statistics released the June Employment Situation on Thursday. Here is what the data actually says.

• NONFARM PAYROLLS: +57,000 (consensus expected: ~110,000)

• UNEMPLOYMENT RATE: 4.2% ("unchanged" -- technically true, functionally dishonest)

• LABOR FORCE PARTICIPATION: 61.5% (5-YEAR LOW)

• LONG-TERM UNEMPLOYED (27+ weeks): 1.9 million (up 286,000 in one year)

• PRIOR MONTHS REVISED DOWN: -74,000 combined (April -31K, May -43K)

• AVERAGE HOURLY EARNINGS: +3.5% year-over-year

That revision number is worth stopping on. We were told in April that the economy created 31,000 more jobs than it actually did. In May, 43,000 more than it did. The government quietly corrects the lie two months later. Nobody at the BLS loses their job over it. No anchor issues a retraction. The Dow was already up.

This is not a new trick. Rome did not announce its collapse in a single press release. It revised the numbers. Adjusted the methodology. Said the fundamentals were strong right up until they were not.

THE STAGFLATION BOX

My poor dad trusted the government's numbers his whole career. He worked for the state. A government pension was the safest thing a man could own, he said.

He died broke.

My rich dad never trusted a number he could not verify himself. He owned assets. Real ones. The 1.9 million Americans who have been unemployed for six months or longer are learning the same lesson right now.

Here is the box the Fed is in. Wages are growing at 3.5%. Their inflation target is 2%. You cannot cut rates into 3.5% wage growth without accelerating the very inflation you are supposed to be fighting. But you cannot hold or hike when the economy is generating 57,000 jobs a month. That breaks the labor market.

Luke Gromen made this plain last month:

"Warsh must choose: defend the dollar, or protect the bond market. He cannot do both."

The 30-year Treasury is yielding 5.02%. The 20-year at 4.93%. Those numbers do not describe a soft landing. They describe a bond market pricing in persistent inflation at the long end even as the economy sputters.

The Dow celebrated Thursday because bad news is now good news. Soft jobs data means the Fed might cut. Rate cut hopes push money into stocks. The market cheers the broken economy that created the case for the cut.

I have seen this before. 1970s America. Weimar Germany. Argentina 2001. Every empire that hit the stagflation wall told its citizens the same thing: the numbers are fine. Trust the Dow.

There is one more number from Thursday that mainstream headlines buried completely. It tells you exactly where this goes. First, let me point you toward someone who figured out how to collect income regardless of which direction oil moves.

THE NUMBER THEY BURIED

The 26-week Treasury bill auctioned Thursday at 3.97%. The 30-year bond: 5.02%. Short rates falling, long rates rising. The yield curve is steepening, but not in the direction that signals health. It is steepening because the bond market does not believe inflation is over.

Every major stagflation episode in history ended the same way. Paper assets fell in real terms. Hard assets held or ran.

1970s America: Gold ran from $35 to $850 per ounce. Silver from $1.29 to $50. The people who held paper from 1965 to 1980 lost 80% of their purchasing power. The people who held gold multiplied theirs 24 times.

I have been saying gold goes to $25,000. Not a hope. A math problem. The debt clock just crossed $36 trillion. The dollar has lost 97% of its value since 1913. Wages are outrunning the target. Jobs are being revised down two months after the fact. The numbers point one direction.

WHAT YOU CAN ACTUALLY CONTROL:

• You cannot fix the jobs report. You can stop holding cash that loses 3.5% of its real value every year.

• You cannot rescue the Fed from its trap. You can own assets outside the dollar system: gold, silver, Bitcoin, real estate.

• You cannot reverse 286,000 people joining the long-term unemployed this year. You can make sure your income comes from assets, not a job.

The Dow hitting a record on a broken jobs number is not strength. It is a system completely disconnected from the underlying economy. I have seen this movie. I know how it ends.

Pigs get fat. Hogs get slaughtered.

To your freedom, Robert Kiyosaki

P.S. For a century, America fought wars over energy buried six thousand miles away.

The largest energy source on Earth was under our own feet the whole time - much of it beneath the desert near the Grand Canyon.

How big?

50,000 times every oil and gas reserve on the planet.

Combined.

The center of the Earth runs as hot as the sun's surface.

Tapping a sliver of it could power civilization for two million years.

The size was never the problem. The reach was - until a drilling crew hit the DOE's 2035 targets twelve years early, and costs fell 50% in 18 months.

Google signed. Gates invested. The Pentagon made it a priority.

One company has quietly built this for sixty years.

See the company sitting on the biggest energy source on Earth >>