Washington Ran a $2 Trillion Deficit in Fiscal 2026
sponsored A.I. Wrecked World |
Our new report, A.I. Wrecked World, grew out of one idea. Everything else in it follows from this, so I'd ask you to sit with it for a moment. Economies do not produce enough revenue to cover the cost of running the countries themselves. Not here, and not in most of the world. The Congressional Budget Office reported Washington collected about $5.2 trillion in fiscal 2025 and spent about $7.0 trillion. The IMF reported global public debt reached nearly 94% of world GDP last year and is on track for 100% by 2029. So how do the bills get paid? Since 1971, when President Nixon ended the dollar's link to gold, the answer has been to borrow the difference and, over time, create the money to cover it. It keeps things running in the short term. But every new dollar makes the ones already in circulation worth a little less. Prices rise. Workers need more pay just to show up and keep up. Payroll costs rise, so prices rise again. Run that loop for fifty years and you arrive at today, where nearly everything feels expensive and frustrating to deal with. Now comes the final move. If the biggest cost of producing anything is the worker, then the solution on offer is to remove the worker. That is what artificial intelligence does. It replaces the cost side of production. In theory, if goods cost almost nothing to make, governments no longer need to print to keep up. Except governments get their money from production and consumption. Income tax. Payroll tax. Sales tax. Property tax. According to the CBO, individual income and payroll taxes alone made up about 84% of federal revenue in fiscal 2025. Machines don't pay any of them. If workers aren't earning, they aren't spending. If they aren't spending, the tax base shrinks. And a government that already spends more than it collects may find the gap far larger than anything it has faced before. History suggests how that gap tends to get filled. I'm not telling you this will happen on any schedule. Nobody can. But I do think it is worth knowing which of your assets depend on that system working, and which ones don't. Physical gold is one of the few that can't be created by a vote or a keystroke. It's part of why central banks bought 863 tonnes of it in 2025, according to the World Gold Council. It takes about twenty minutes to read. There's no cost and no obligation. Sincerely, The team at American Sovereign Bullion P.S. Gold was about $35 an ounce when the dollar's gold link ended in 1971. By 1980, after a decade of high inflation, it traded above $800. That's history, not a forecast, and gold has had long declines too. The guide explains what metals can and cannot protect against. |
$2.0T | the federal deficit for fiscal 2026, $218 billion more than a year earlier. |
$1.1T | net interest on the national debt in fiscal 2026, more than the $965 billion spent on defence. |
120,136 | job cuts employers blamed on AI from January to September, 21% of the total. |
ad Economies do not produce enough revenue to cover the cost of running the countries themselves. Read A.I. Wrecked World Free |
Interest is the bill growing fastest. Net interest on the debt rose 8% to $1.1 trillion, equal to 19% of federal revenue. It now costs more than national defence, at $965 billion, and about as much as Medicare.

Each of those jobs paid income and payroll tax. Software that does the same work pays neither. Central banks bought 863 tonnes of gold in 2025, the World Gold Council estimates, and gold futures traded near $4,190 an ounce on Monday.
American Sovereign Bullion’s free report, A.I. Wrecked World, follows the tax base from the worker to the machine. It is at the top of this letter.
More of those nights look like hotel stays. Kampgrounds of America counted more than 52 million North American households that camped in 2025, and glamping, the furnished end of camping, made up 29% of trips.

sponsored Airstreams on Hilton Points | |||||||||||||||
HILTON HOTELS PARTNERSHIP LIVE · REG CF OFFERING 1M+ happy campers to date. $150M+ in lifetime lodging revenue. Hilton Hotels just named AutoCamp its exclusive outdoor hospitality partner, opening properties to 200M+ Hilton Honors members. Current share price is $9.10. AutoCamp is bringing luxury hotel-grade amenities—custom Airstreams, spa-inspired bathrooms, and boutique clubhouses—to America's iconic national parks. Scaling toward 100 planned properties across a massive $732B outdoor travel market spanning hotels, rentals, and camping. Built on the exact same asset-light model used by Hilton and Marriott. Institutional real estate partners fund the land and buildings while AutoCamp earns recurring brand fees. 8 Open Locations 700+ Rooms Active 100 Planned Locations Scaling $9.10 Current Price ✔ 200M+ Hilton Honors members can now book and earn points directly ✔ +30% direct AutoCamp bookings through Hilton year-over-year ✔ Exclusive Airstream partnership for custom hotel-grade units ✔ Up to 12% bonus shares for early investment tiers
REG CF · OPEN TO ALL INVESTORS Share Price: $9.10 · Minimum Investment: $1,001 Deadline to invest: Thursday, October 29. This is a paid advertisement for AutoCamp Regulation Crowdfunding offering. Please read the offering circular at invest.autocamp.com |

Martin Weiss has rated banks since 1973. He says the next chain reaction is already hitting investment accounts, and his video lays out five steps to take first.
sponsored The Chain Reaction |
According to Wall Street legend Dr. Martin D. Weiss, there's a $3 trillion disaster in the making in the markets, and it could have a sizable impact on your wealth. "The crisis that's emerging now is just the tip of the iceberg," says Dr. Weiss, who has made shocking and accurate predictions for 55 years, including predicting the Dot-Com collapse and the implosion of Fannie Mae, Bear Stearns and Lehman Brothers in the 2000s. The New York Times has credited Weiss as being "the first to see the dangers." Forbes called him "Mr. Independence." His contributions have been recognized by the U.S. Government Accountability Office. "The biggest danger is not just another stock market crash," he continues. "The biggest danger is not only a major bank failure. Rather, it's a chain reaction of crashes and failures that could cause a global freeze in the financial markets," adds Weiss. The tip of this iceberg? It's already emerging and impacting perhaps thousands of investment accounts across America. Weiss, who has testified in front of Congress, says there are five specific steps every American must consider making with their money, before it's too late. " When the system freezes, nothing works. Virtually everything shuts down. Companies cannot make payroll. Banks cannot meet their daily obligations. Even the Federal Reserve cannot fix it without massive, Herculean efforts." Weiss is doing everything he can to warn the public while there's still time to prepare, including issuing press releases and reaching out to media outlets. In fact, Dr. Weiss has urged us to post a brand-new, urgent warning on our public website … Sincerely, Eliza Lasky Weiss Advocate |
ad Physical gold is one of the few that can't be created by a vote or a keystroke. Read A.I. Wrecked World Free |
19% | The share of federal revenue that went to interest on the debt in fiscal 2026, $1.1 trillion. The free report at the top asks what happens when machines replace the workers who pay it. |
Forget the hot picks — know which of your assets need the system to keep working. Because the best trade you’ll ever make is the loss you never took. Thanks for reading. See you tomorrow. |
Forwarded this? Get it every morning. |



