We're Bombing Iran While the Dollar Burns

Ten days of U.S. strikes. Brent crude at $90. Debt at $39.4 trillion. And the new Fed Chair won't say the word inflation.

July 21, 2026

Dear Reader,

The U.S. just finished its tenth day of strikes against Iran. Brent crude is sitting at $90 a barrel. The new Fed Chair, Kevin Warsh, spent two days on Capitol Hill this week and managed to dodge the one word that explains everything happening right now. That word is inflation.

Inside today's issue:

  • Ten days of U.S. strikes on Iran. Oil at $90. The Strait of Hormuz. And who pays the bill.
  • America's debt just hit $39.39 trillion. That is $115,000 per living American. Growing $5 billion a day.
  • Gold is at $4,020. The Fed won't name the threat. Robert will.
  • Gas prices are skyrocketing right now. Here's what to do...

THE CYCLE NOBODY IN WASHINGTON WILL NAME

Let me give you the unedited version.

The United States military is bombing Iran to keep the Strait of Hormuz open. Twenty percent of the world's oil flows through that strait. Every barrel is priced in U.S. dollars. Brent crude hit $90 this week on the back of these strikes. The military operations cost billions. Every sortie goes on the national credit card.

Here is the part they do not connect for you on Bloomberg or CNBC.

We are funding these strikes with borrowed dollars. As of July 6, 2026, the national debt stands at $39.39 trillion. We add approximately $5 billion to that number every single day. Every bomb dropped near the Strait of Hormuz is financed with dollars we do not have.

Here is the cycle. Step one: We print dollars to fund the deficit. Step two: Printing dollars weakens the dollar. Step three: Oil is priced in dollars. Step four: A weaker dollar means more dollars to buy oil. Step five: We bomb Iran to keep the oil route open. Step six: Bombing Iran costs more borrowed dollars. Step seven: Return to step one.

My rich dad had a name for this. He called it "the empire's last play." Extend militarily. Debase domestically. Pray that nobody notices before the next election.

I studied Rome in 476 AD. Athens before it. The British pound after World War II. The Ottoman Empire in its final decade. They all ran this exact play. It always ends the same way. Always.

There is a number buried in this week's Treasury data that nobody in Washington wants to read aloud. It is the number that changes the entire calculation on what these strikes actually mean for your money.

But before I show you exactly what it says:

That number is the interest payment.

The United States is now paying over $1.1 trillion per year just in interest on its debt. Not principal. Interest alone. That figure now exceeds the entire defense budget. It exceeds Medicare. It exceeds Social Security.

We are bombing Iran with borrowed money we cannot afford to repay, to protect a trade route for oil we can no longer buy cheaply, with a dollar we have spent 50 years systematically destroying.

Kevin Warsh sat before Congress last week. Reporters asked him about inflation. He called the picture "mixed." Said the data was "complex." Two full days of hearings. Not once did he say what any working American already knows: everything costs more, and it is not stopping.

"Inflation has risen this year and remains elevated relative to the Federal Open Market Committee's longer-run objective of 2 percent, in part reflecting supply shocks that have driven price increases in certain sectors, including energy."
Federal Reserve Monetary Policy Report, July 2026

My poor dad would have called that reassuring. My rich dad called that a tell.

GOLD KNOWS.

Gold is at $4,020 today. It touched $4,626 in late June. It is not rising because gold is special. It is rising because every central banker, every sovereign wealth fund, and every serious investor on earth is reading the same data I am reading. They are converting paper promises into physical metal.

Silver is at $56. The gold-silver ratio just compressed to 70. That is the market telling you silver is playing catch-up. Hard assets repricing against a dollar that is buying less every single month.

I have been saying this for 30 years. I bought my first silver in 1965. When the bombs stop. When the ceasefire holds or breaks. When Warsh finally admits what inflation is doing to purchasing power. The dollar will still be dying.

Gold does not need Hormuz to stay open.

Control what you can control. Physical metal. Assets that produce cash flow. Things the government cannot print.

To your freedom,

Robert Kiyosaki

Author, Rich Dad Poor Dad

P.S. The Iran War Just Proved Why The Patriot Income Plan Is the Smartest Income Play in America. Watch the free presentation here.