Welcome to October where we expect the meter on the volatility index to start tripping the red line in expectation of crude and unusual punishment.
More specifically, Crude Oil.
Because by now if you aren’t sick of hearing how the Strait of Hormuz is open and the oil is flowing, don’t worry, you will be soon.
And the unusual punishment part will be from the widespread effects form the Sovereign Debt Crisis unfolding right under our collective noses all around the globe.
(more on that in a minute)
Let’s go back to Crude oil and the question: “Who Do You Believe?”
Is it just us or does anyone else find it odd that you hardly hear a peep about how Iran is hitting/attacking tankers crossing the Strait of Hormuz?
(In addition to the 19 attacks over the weekend we hear of at least another 3 tankers on 09/30)
But at the same time, we also hear how the traffic is almost back to normal…and oil is flowing.
Remember that the next time you are punished by filling up your gas tank and it costs you over $60-$70.
Who Do You Believe?
We suggest you do your own research and visit the site that provides live Vessel Tracking https://hormuztracking.com/ and decide for yourself.
And regarding the Sovereign Debt crisis, the numbers are starting to come in on interest expenses alone.
Projections for fiscal year 2026 indicate NET interest payments will reach approximately $1.0 Trillion.
Data from the first nine months shows net interest payments already totaled $827 Billion on a $40+ Trillion national debt.
Adding insult to injury, the interest expenditures on our US National debt exceeded military spending back in 2024 and has only gotten worse.
Two years ago, our NET interest payments were $879.9 Billion compared to National Defense Spending $850.7 Billion.
This is not rocket science…it’s just math.
And it will only get worse…especially with rising rates in the future.
Wanna know why?
What happens is that interest expenses keep rising because the govt only rolls the debt and NEVER pays it off.
Oh! And don’t forget the above figures to NOT include, Social Security, Medicare, Medicaid, and multiple other Government programs that need funding.
Ironically (or NOT) the “Crude and Unusual Punishment” gets amplified AND covered-up as the war drums beat louder.
Bottom line here?
Forget about any peace deal…it ain’t gonna happen.
And tighten your seatbelt as the month of ROCKTOBER turns up the panic volume in the markets.
The good news is you can learn how to prosper AND thrive in Turbulent Times (HERE).
Share this with a friend…especially if they believe the oil is flowing in the Persian Gulf. They’ll thank YOU later.
And tell them:
We’re Not Just About Finance
But we use finance to give you hope.
“And you shall know the truth, and the truth shall make you free.”
