Dear Reader,
In five days, the United States officially bans Canadian dairy, alcohol, and motorcycles. September 29, 2026. Not a tariff. A ban. This is not China. This is not Russia. This is Canada.
We share the longest undefended border on the planet. We share a language, a culture, and $2.7 trillion in annual trade. And now we are banning each other's beer.
The mainstream press calls this a trade war. I call it theater. Because while both governments fight over dairy quotas and whiskey bottles, the national debt just crossed $40 trillion. The Fed just raised interest rates again. And the dollar is slowly losing the argument it has been making for 80 years.
Inside today's issue:
- The Ban Heard Round the Continent: America and Canada are five days away from an official import ban - the first of its kind in 96 years. The Royal Bank of Canada compared the shock to Smoot-Hawley. That was the tariff act that triggered the Great Depression.
- $40 Trillion and Counting: The national debt hit $40.17 trillion in August. The first ten months of fiscal year 2026 added $1.8 trillion in deficit spending. Both governments are spending like the war is already lost.
- The Fed Raised Rates. Gold Did Not Care: Kevin Warsh hiked 25 basis points on September 16 - rates now at 3.75% to 4%. Sixteen of 18 Fed officials see another hike before year end. They raised rates into a trade war. The last time they did that, the Depression lasted a decade.
- P.S. 49 drone companies entered the Pentagon's trials this year. 19 are still standing at Fort Carson, Colorado. One of them is at the center of my new briefing, and one defense stock is named free inside. Watch it here.
THE REAL STORY
Here is what Bloomberg is not measuring: when two governments start banning each other's goods, the only real winner is gold.
The trade war between the US and Canada started in February 2025. It escalated in August 2026 when Trump invoked Section 338 of the Tariff Act of 1930 - a statute that had never been used in 96 years. Canada matched every dollar. Both sides said they were protecting their workers.
WHAT THEY ARE ACTUALLY DOING: debasing their currencies.
Every tariff is a tax on the consumer. Every retaliatory tariff doubles the tax. Both governments then borrow to offset the economic damage. Both central banks print to manage the debt. Both currencies lose value. The people holding paper money on both sides of the border lose.
The Royal Bank of Canada called this the country's largest trade shock in nearly 100 years. They cited the Smoot-Hawley tariffs. Let me tell you what Smoot-Hawley did:
"The blanket 25% tariffs on all imports from Canada and the 10% tariff on energy products represented the country's largest trade shock in nearly 100 years."
Smoot-Hawley triggered the Great Depression. It did not protect American workers. It destroyed them. I have been studying economic cycles for 50 years. This is not new. This is the same movie. Different actors.
THE NUMBERS THEY DO NOT WANT YOU TO SEE
Here is where we actually stand:
- National debt: $40.17 trillion as of August 2026 - all-time high.
- FY2026 deficit through July: $1.8 trillion - more than all of FY2025.
- Federal interest payments: $3.7 billion per day.
- Fed funds rate: 3.75%-4% - raised September 16 into a trade war.
- Canadian counter-tariffs in force: $27.6 billion of US goods targeted since September 8.
- US import ban effective September 29: Canadian dairy, alcohol, motorcycles - first in 96 years.
The Fed is raising rates to fight inflation. Tariffs are inflationary. They are raising rates to fight a fire they are helping to set. Meanwhile the dollar buys less, the debt grows, and both governments are congratulating themselves for being tough.
THE CYCLE CALL
I have seen this pattern in every empire that lost its reserve currency status. It does not start with a collapse. It starts with this: governments fighting over trade while the currency quietly dies.
Rome did not fall in a day. It traded with its neighbors, debased its coins, and convinced itself it was winning until it was not.
But before I tell you exactly what is protecting real wealth through every one of these cycles - a word from our research partners.
SPONSORED: PARADIGM PRESS
Man Who Called SpaceX Rise Says Elon's NEW Project is Even Bigger
Click here now for all the details.
WHAT YOU CAN CONTROL
Governments do not protect your purchasing power. That is not their job. Their job is to protect the government.
Every great trade war in history ended the same way: paper currencies weakened, hard assets held, and the people who had positioned in gold, silver, and real assets before the chaos came out ahead.
I am not telling you Canada is the enemy. I am telling you the dollar is the problem. Both sides of this fight are printing and spending to offset the damage. That money has to go somewhere. I know where I want it.
Gold. Silver. Assets that governments cannot print. That is not a prediction. That is 5,000 years of history.
To your freedom,
Robert Kiyosaki
Author, Rich Dad Poor Dad
P.S. Why would a member of Congress put their own money into defense stocks six weeks before a $54.6 billion drone request? Not campaign money. Their own. They don't need it, and they know the scrutiny that comes with it. They did it because they know how Pentagon money moves, and it moves before the announcement, not after. That used to be an edge nobody outside Washington could see. Now it's in a public filing almost nobody reads, and my research team knows how to read it. Washington has to act by September 30th. Six days. After that, this story goes on the front page and the price of admission goes up with every headline. You can see his full presentation here.