THEY CALL IT A WAR STORY. I CALL IT A DOLLAR STORY.

Dear Reader,

Four point two percent.

That is what the BLS released yesterday. May CPI: 4.2% year-over-year. Three-year high. Gas up 28.4% in twelve months. The Dow dropped 953 points. Markets at five-week lows.

And the President of the United States said: "I love the inflation."

Real quote. Reuters. Yesterday.

Here is what that actually means: they have stopped pretending.

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IN TODAY'S ISSUE

• The BLS number Wall Street is watching. And the number behind that number that is far more dangerous.

• Iran started accepting yuan for oil. Ray Dalio says it is bigger than the war itself. Here is why he is right.

• Why the dollar of 2026 looks like the British pound of 1956. And where to move your savings before history repeats.

• SpaceX begins trading tomorrow. Oxford Club analyst Mark Skousen is watching a backdoor play. See it before the June 12 window closes.

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The mainstream has the wrong diagnosis.

CNBC says inflation is hot because Iran is blocking oil. Fix the war, fix the inflation.

Wrong.

The war is not causing the inflation. The war is exposing it.

Gas costs 28% more than it did last year. But M2 money supply went up over 40% between 2020 and 2022. The Fed printed trillions. Washington spent trillions more. Energy prices are just the delivery mechanism. The inflation was baked in the day the printers started.

Peter Schiff said it yesterday on TheStreet: "Inflation comes from Washington. Not from Iran." He has been right for years. This week he is being proved right in real time.

"US stocks are a ticking time bomb. Shiller P/E above 40. The S&P is up 80% in five years. Built on hope, not reality."

But the CPI number is not even the biggest story from yesterday.

Here it is: Iran started accepting Chinese yuan for oil payments. Not dollars. Yuan.

"Financial flows quickly and naturally run from the losers."

Think about what that means. Every barrel priced in yuan instead of dollars reduces demand for dollars. Less demand for dollars means less purchasing power for every dollar you are holding.

This is not an energy crisis. This is a petrodollar crisis.

The Strait of Hormuz will eventually reopen. Ships will reroute. The war will settle into some kind of deal.

But Iran selling oil for yuan? That does not un-happen.

Three facts that are all true simultaneously right now:

1. US consumer prices at a 3-year high.

2. US military striking Iran for a second consecutive day.

3. Iran routing oil payments through Beijing in yuan, not Washington in dollars.

Russia does it. Iran does it. Saudi Arabia starts a parallel yuan track. What happens to the handshake that built 50 years of American financial power?

I have been studying this pattern for 50 years. The dollar has survived debt crises, recessions, and multiple wars. But there is one thing no reserve currency in history has ever survived.

Stay with me right after this. Because this is the part no one at CNN is reporting.

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The one thing no reserve currency has ever survived: being replaced in the oil trade.

1974. Nixon. Kissinger. The deal: you price oil in dollars, America protects you with its military. That handshake funded every Treasury auction, every dollar-denominated commodity contract, every safe-haven trade since.

Iran is tearing up that contract. Not with a nuke. With an accounting entry in Beijing.

Here is the parallel that keeps me up at night.

1956. The Suez Crisis. Britain sent its military to protect the canal. Washington pulled support. The pound collapsed. The British Empire ended. Not in a battle. In a currency crisis.

People who held British pounds lost. People who held gold held their wealth.

Dalio draws the same parallel for today. "The US is overextended financially. It risks losing both military and financial control simultaneously."

Now look at where we stand:

• US national debt: $36 trillion and climbing.

• CPI at 4.2%. Real rates near zero despite a "hawkish" Fed.

• 10-Year Treasury auctioned yesterday. 30-Year auctioned today. Watch the cover ratios.

• Iran pricing oil in yuan. Right now. Today.

My poor dad would have said: "The government will protect the dollar."

My rich dad said: "Empires always say that. Right up until they don't."

I am not telling you to panic. I am telling you to see this clearly.

Your savings account is not savings. It is a loan to a government that just printed its way to 4.2% inflation and announced publicly it loves it.

Gold. Silver. Real assets. The B and I quadrant. Income that does not depend on Washington's printing problem getting fixed.

Pigs get fat. Hogs get slaughtered.

The escape hatch has always been the same. Empires end. Hard assets endure.

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To your freedom,

Robert Kiyosaki

P.S. While Wall Street debates whether CPI peaks at 4.5% or 5%, my research team has been tracking one income strategy that paid out 11 consecutive times. Inflation shocks. Rate hikes. Middle East conflicts. It kept paying regardless. Not a stock. Not gold. The kind of income stream only B-quadrant investors know about. Click here to see the briefing.