The IMF published its World Economic Outlook update this morning. July 8, 2026.

The title: “Global Economy in Crosscurrents of War and Technology.”

Most people won’t read it. I did. Let me tell you what that title actually means.

Inside today’s issue:

• The number buried in the June jobs report that the anchors didn’t mention on air.
• Kevin Warsh flew to Portugal, stood in front of the world’s central bankers, and said nothing. That silence has a price.
• The U.S. is adding $8 billion to the national debt every single day. One number tells the whole story.
• Larry Benedict just released a new presentation on a strategy called “Oil Skimming.” It’s worth a look.

HERE IS WHAT THE IMF WILL NOT SAY OUT LOUD.

The IMF’s new report title uses the phrase “war.” Not a metaphor. A war economy.

Now look at what that war economy produced in June: 57,000 jobs. That is the number.

The forecast was 114,000. We got half. CNBC and Bloomberg called it a “miss.” I call it a signal. When an economy at full employment can only produce 57,000 jobs in a month, something is structurally broken.

And the unemployment rate? It dropped. From 4.3% to 4.2%. The anchors cheered.

Here is why they should not have.

Unemployment fell because 300,000 people stopped looking for work. Labor force participation dropped 0.3 percentage points to 61.5%. That is not improvement. That is surrender.

Meanwhile, inflation sits at 4.2%. Highest since April 2023. The national debt hit $38.43 trillion as of January 2026 and is growing at $8 billion per day. The FY2026 deficit is projected at $2 trillion. That is up from $1.7 trillion last year.

So where is the new Fed chairman?

Kevin Warsh flew to Sintra, Portugal for the ECB Forum on Central Banking. He sat on a panel with Christine Lagarde. He declined to give any signal on what the Fed will do at its July meeting. His exact words: “Prices are too high.”

“We’re all in the price stability business... we’ve all looked around, and we’ve seen that prices are too high.”

He flew across the Atlantic to tell the world that prices are high. I have known that for three years.

But here is the number that stopped me cold this morning. It has nothing to do with jobs or inflation. It is what gold has already priced in. And Jim Rickards has been tracking the specific trigger.

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Gold is at $4,179 per ounce. Silver is at $61.90.

These are not random numbers. Gold and silver are the only assets on earth that cannot be printed. They are the market’s verdict on the dollar. And right now, the verdict is guilty.

I have studied monetary history for 50 years. Every empire that spent more than it earned, that borrowed more than it could repay, that debased its currency faster than its economy could grow: they all ended the same way. Not with a crash. With a slow bleed that one day became a flood.

The CBO says U.S. debt will hit 120% of GDP by 2036. That is not a forecast. That is a road map.

The IMF named it a war economy this morning. Gold already knew. Silver already knew.

The question is whether you know.

Gold. Silver. Real assets. Things they cannot print.

That is my answer. Same as it has been for 30 years.

To your freedom,

Robert Kiyosaki

Author, Rich Dad Poor Dad

P.S. When the market crashed 37% in 2008, our friend Larry Benedict made $95 million for his clients. Now he is sounding the alarm on oil. He warns that high oil prices could strangle the U.S. economy. Yet where others see disaster, Larry sees one of the biggest opportunities in 40 years, and a way for regular folks to profit without owning a single oil stock. Watch the free presentation here.

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