Adam Bennett

Wall Street is completely mispricing the energy sector. In the 1980s, Energy made up 32% of the S&P 500. Today? It’s sitting at just 3%. Institutions are massively underweight. Ted Oakley’s warning: When the big funds realize they are missing the commodity supercycle, they will be forced to buy all at once. "If you're gonna start buying things today, buy energy first." My full 60-minute macro breakdown with the @OxbowAdvisors founder just dropped on @KitcoNewsNOW.

Thomas Massie was the overwhelming favorite to win reelection. Then the Israel lobby dropped 35 million dollars against him. It should not be possible to buy elections like this.

The alarm bells keep ringing.

@marklevinshow We?

DEAL OR NO DEAL When we suddenly hit the brakes and called off the planned military operation against the Iranian regime, it was clear that something was going on.  We gave the regime 2-3 days to come to some arrangement that presumably includes no nukes.  What does no nukes mean?  Are their scientists going to forget what they developed?  How long can we keep that in a box?  What happens to the enriched uranium? We are told: 1. they have enough to make 10 bombs in 11 days, and 2. that it takes a matter of weeks to further enrich uranium from 60% to 90% nuclear grade.  What about the plutonium, which no one is talking about?  And the ballistic missiles, that were destroying targets throughout the Middle East?  And the range of those missiles, which can now hit Europe?  We didn't even know how far those missiles could reach.  I guess all of this will change?  The Iranian regime that kicked out inspectors, hid their activities, and violated every single agreement it ever signed, will have changed because of our military actions?  Honestly, does this act or sound like a regime that is defeated or cares about death?  For some reason, the West cannot get its collective head around the fact that the Iranian regime's mindset is not one of mutual existence.  It is a religious, extremist, fundamentalist cult that insists on conquering or destroying all those who do not bend to its ideology. They have told us this.  They have written this.  They preach this.  It is in their books, pamphlets, sermons, etc.  It is a revolution without borders, not merely one nation among others.  Haven't we learned this by now?  Many Americans have been killed during the last 47-years as a result of the regime's ambitions.  My greatest concern has always been enforcement, which has not been discussed much even after all of this time.  If there is a deal, whatever deal it is, perhaps the greatest deal in the history of deals, again, the regime cheats, lies, and hides what it is doing.  Our intel and satellites simply cannot catch all of it.  And if we find violations, then what?  "Well, we'll hit them again, Mark."  Is that what we did before Trump?  Does anyone believe that's what we will do after Trump?  Is that what a Gavin Newsom or Kamala Harris or the rest of the Democrats would do if one of them became president?  Heck, even Republican presidents did not act.  For crying out loud, look at all the noise, the appeasers, the pacificists, the isolationists, etc.  These are loud movements in our politics and government.  And look at the reaction to the temporary increase in a gallon of gasoline.  Would we have the will even a few years from now? And what of Hezbollah, still a potent terrorist force?  And what of Hamas?  The Iranian regime will promise not to support them?  My response: is the Brooklyn Bridge still for sale?  And how do we stop the regime if it funds them anyway?  What will we do?  And the Iranian people?  What of them?  "They should rise up," it is said.  Well, they did.  Without arms.  And they paid a horrendous price and still are.  I can only imagine what more would be done to them. Of course, the Europeans will be useless, as they are now.  Even with detente with China and something like it with Russia, they still will provide support to the Iranian regime.  So will North Korea.  We have no control over their sabotage of any deal.  This all must be considered. And the Democrats, always desperate for a political opportunity, will ask rhetorically, "why did we go to war," "this is Obama 2.0," "we wasted billions for nothing," "Trump is a TACO," and on and on.  I can hear it now.  The truth won't matter.  The spin will be constant.  Of course, if the Democrats had their way, the Iranian regime would already have nuclear weapons.  But none of that will matter.  This could be very damaging for the mid-term elections, despite all the demands for "off-ramps."  Yet, the problem is the regime itself, is it not?  How do we contain it if it survives? To be absolutely clear, I have no inside information. In fact, as far as I know at the end of another 2-3 days of negotiations military action against the regime will resume.  But it's very important to think about these issues and much more.

Israel has entered its highest level of alert since the since the start of the ongoing ceasefire with Iran, as U.S. and Israeli forces have now completed preparations for renewed military action against the Islamic Republic, with combat operations set to potentially resume soon, U.S. officials have told Israel’s Kann News.

The global yield crisis is accelerating: 10+ year government bond yields of G7 countries are up to ~4.7%, the highest since 2004. This is now ~0.5 percentage points above the 2008 Financial Crisis peak. G7 bond yields are also 8 TIMES above the 2020 pandemic low of ~0.5%. The surge comes amid renewed inflationary pressures from rising energy prices, persistently large government deficits, and the end of central bank QE programs. As a result, investors are demanding higher compensation for holding long-term government debt. The global government debt crisis is becoming even more expensive.

The 10-year Treasury yield is perhaps the most important financial benchmark in the global fiat system, as it drives valuations and market trends worldwide. It is widely—and erroneously—regarded as the risk-free rate of return. The 10-year Treasury yield can be thought of as a key barometer of the US dollar-based fiat system—a critical measure akin to its beating heart. Bond yields move inversely to bond prices. When bond prices fall, bond yields rise. A rising 10-year Treasury yield signals trouble for the US dollar because it means investors are selling Treasuries, which pushes up the US government’s borrowing costs. That is why the 10-year Treasury yield is a major pain point for the US government. The 10-year Treasury yield was 3.97% when the war started. Now it is around 4.60%, an increase of roughly 63 basis points. I expect the 10-year Treasury yield to keep climbing over the coming weeks and months—until it forces the Fed’s hand. At that point, the intervention will be sold as “stability,” but the mechanism will be familiar: suppress yields by debasing the currency. At today’s debt levels, every 1 basis point increase in the government’s average borrowing cost adds roughly $3.9 billion in annual interest expense. So a 63 bps rise is not trivial—it translates to nearly $250 billion in additional yearly interest costs, materially widening a 2025 budget deficit that was already around $1.8 trillion. Higher yields mean the US government must pay tens or even hundreds of billions more in interest on its debt. At the same time, the global economy faces even greater added costs because Treasury rates serve as the benchmark for borrowing worldwide. That is not an insignificant move. However, given all the headwinds I have discussed, I suspect the 10-year Treasury yield is headed much higher because investors will demand higher yields to compensate for rising inflation. Further, if Hormuz remains closed, drastically higher oil prices are all but certain. Higher energy prices mean higher prices across the economy and higher official inflation rates, which means investors will demand still higher yields to compensate. The problem is that interest on the federal debt is already over $1.2 trillion and is now the second-largest item in the budget. The US government cannot afford yields going much higher because the interest expense would push it toward bankruptcy. I am not sure how—or even if—the US government can manage this situation. Something has to give, and we will not have to wait long to find out what. The Iran war may prove to be more than another foreign policy disaster. It could be the trigger that exposes the fragility of the entire dollar-based financial system.

As the 10 Year US Treasury yield explodes higher, pay close attention to what new Fed Chair Warsh and other officials say in the coming days and weeks. Why? 1. The 10 Year is the benchmark for just about all consumer borrowing rates in the US, including credit cards, auto loans, and mortgages. 2. The Fed controls the overnight rate by voting on the Fed Funds Target. But the 10 Year is set by the bond market itself. Buyers and sellers voting on inflation, credit risk, and Treasury supply in real time. 3. To keep consumer rates from following the 10 Year higher, the Fed has one tool left in the kit. Print money and buy the bonds themselves to force yields lower. Yield Curve Control. And that is what drives excess money supply and the next leg of asset inflation. Their words, and any fancy new acronyms, will be your first clue.

Massie: $5.5M raised. Average donor gave $100. His opposition: $32 million. Three billionaires, Secretary Hegseth on the ground, four presidential attacks in one day, all to silence the guy fighting for the Epstein files. Trump calls elections rigged. Look in the mirror. Go Massie.

Don Lemon: “If Barack Obama had sued his own government, settled with himself in secret, created a billion dollar fund with no congressional oversight to pay his political allies. What if he did that? They would’ve had him in chains before sundown. The National Guard would have been called in. Impeachment articles would have been filed. Can you imagine Fox News?”

@ChebLaMayoche @WarClandestine You sound like one of the people I just described

@adambnz @WarClandestine You sound like CNN

VERY interesting. Trump says he is holding off on decimating Iran, at the request of the leaders of Qatar, Saudi Arabia, and UAE, who say they can help finalize the deal. These were the three nations Trump visited on his Middle East trip in 2025. The rest of the Middle East sided with Trump against the radical Iranian regime. Everyone agreed that it was Iran and their terror proxies that were standing in the way of peace in the Middle East.

@CaitlinDoornbos We have heard this all before. Same show, different day.

The sentence here is worth noting, however: "I further instructed them to be prepared to go forward with a full, large scale assault of Iran, on a moment’s notice." The pressure is on.

President Trump has called off strikes on Iran he'd planned for tomorrow. In our call just this morning, @POTUS had omninously hinted at the Tuesday strike plot, telling me that Iran knew “what’s going to be happening soon.”

@DropSiteNews Deja Vu. We have seen this show before.

☢️ President Trump announced Monday that a military attack on Iran scheduled for Tuesday has been postponed after the leaders of Qatar, Saudi Arabia, and the UAE personally asked him to hold off, citing ongoing negotiations. Trump said he has instructed Defense Secretary Pete Hegseth, Joint Chiefs Chairman Gen. Daniel Caine, and the U.S. military to stand down from tomorrow’s planned attack — but ordered them to remain prepared to “go forward with a full, large scale assault of Iran, on a moment’s notice, in the event that an acceptable Deal is not reached.” Trump said the Gulf leaders believe a deal “will be made, which will be very acceptable to the United States of America, as well as all Countries in the Middle East, and beyond,” and that the deal will include “NO NUCLEAR WEAPONS FOR IRAN.” Iran has officially and publicly stated that it does not want and will not pursue nuclear weapons for over 22 years.

@Kamran_Yousaf We have seen this show before. Its the same BS narrative from Trump, different day.

@firasmodad The same level of delusion we have seen before from Trump with these posts. Last time it was Pakistan that kindly asked him not to strike, this time multiple leaders of Gulf states.

What level of delusion is this?

@sentdefender Check out the dead guy on the left.

There is a heavy police presence at the Islamic Center of San Diego (CA) following reports of an active shooter at the location.

@Amena__Bakr We have seen this show before. Its not having the same impact on markets like it used to though.

Here we go again

@emilykschrader We have seen this show before. Oil and bonds start rising significantly, stocks start selling off. Trump then comes in with a hopium deal post to try and calm markets. Its not working like it used to though because more and more people are waking up to his BS.

Trump says Qatari and Saudi leaders asked him to delay a strike on the Islamic Republic because negotiations are progressing. Maybe. But the timing raises serious questions… Pakistan reportedly moved military aircraft into Saudi Arabia, and now suddenly there’s a last minute push to “pause” action against Tehran. Was this really about diplomacy, or about buying time for Saudi to prepare behind the scenes?

@TheCradleMedia Only stupid people believe what Trump says now.

Trump now claims he has canceled a planned attack on Iran, "scheduled for tomorrow," at the request of Qatar, Saudi Arabia and the UAE, but that he will proceed to carry out a "full, large scale assault of Iran," in the event that the Islamic Republic does not submit to US demands for a deal.