Today’s Monthly Treasury Statement reflects what I’ve been saying: Strong private sector led growth alongside constrained federal spending means the deficit to GDP will take care of itself. FY 2025’s deficit to GDP is now projected to be under 6%. And with continued fiscal restraint, we can reach 3% by 2028. September’s monthly surplus of $198 billion was the largest surplus of any September on record and 147% higher than last year.     -Treasury Secretary Scott

“Inconceivable!”“You keep using that word. I do not think it means what you think it means.”       -“Vizzini” and “Inigo Montoya” in the movie “The Princess Bride”, 1987 It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing – all of which are essential for our national security.  We need to act now.     -JPM CEO Jamie Dimon, Bloomberg, 10/13/25 BESSENT ON

Gold will be repriced once in life, and that will be much more than enough.     -Anonymous monetary blogger “Another”, 1997 Robert Zoellick, World Bank President and a former US Treasury official, calls for a system that “is likely to need to involve the dollar, the euro, the yen, the pound and a renminbi that moves towards internationalization and then an open capital account.”  He adds: “The system should also consider employing gold as an international reference