Money & Markets Report: August 13, 2026

Justin Woods
August 13, 2026

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Money & Markets

Hegemon Cracking

August 13, 2026

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Money & Markets

Hegemon Cracking

In this Aug. 13 episode of Money & Markets, the hosts frame the week’s news as “hegemon cracking,” citing Trump’s openness to declaring a national emergency to impose voting changes, ongoing Iran tensions around the Strait of Hormuz, and Pentagon pressure to accelerate weapons production amid depleted munitions. They discuss how the U.S.–Iran war has shifted Asia’s oil and LNG sourcing, with the U.S. and Russia benefiting while key U.S. allies lose, and describe Japan considering Palantir/Anduril systems that deepen military integration with the U.S. They cover U.S. euro sales to support the yen, foreign Treasury holdings versus the Fed’s $4.5T, Greenland drilling tied to Trump-linked interests, Venezuela oil revenues held by the U.S. Treasury, a new Colombia president aligned with Trump, labor’s record-low share of GDP, EU use of interest from frozen Russian assets, EU cash-payment limits, a major cold-wallet Bitcoin theft mechanism, and pushback including a New Mexico Meta judgment and a lawsuit for unredacted Epstein files, while warning the bond market near 5% yields is the weak link.


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74 Comments

  1. John – if you are attacking Ed Dowd, you should provide specifics why; otherwise you lose credibility. You just did with me. Saying you don’t trust him because he worked at Blackrock if similar to saying your a crook because you worked for a large law firm. Come on – you owe him an apology or else back your works with facts.

    Catherine – what say you?

    1. I appreciated John giving his honest opinion of Ed Dowd. He stated why he doesn’t trust him, and his reasons are sound. The fact that he doesn’t always agree with Catherine is a big reason I trust him.

      1. I have had the chance to meet and spend time with Ed several times in the last two years. He has paid a very heavy price for his courage on the vaccines and disability figures – and he has stuck to his guns. I admire his efforts here and the quality of the people he has worked with to help on the data – such as Josh Sterling.

        I think if John had met with him personally in the last year and heard the back story, he might see it differently. To make it to a high level on Wall Street – you have to have some real brain and talents. And Ed has that. Ed still has a more traditional view of the financial markets than I do, so there are differences likely reflecting the length of time we have left the centraiziing team behind. He is teamed up with Carlos Alegria whose work I deeply respect and appreciate – see our two interviews.

        This is one of the big challenges – moving out of the centralizing team and establishing an independent pathway that can support integrity. Hard to do – this is what we must help each other do. One of the things that we must do to help that is be tough guys on the integrity issue – one of the many reasons I appreciate John. He is a tough guy about integrity because he knows what it takes and he understands what happens if it is lacking. This is a priceless quality – essential for the future we are working to build at Solari.

      2. I agree. M&M is richer due to healthy contention in being totally different people with well defined opinions. I experience no disrespect to one another that is so disrespectfull. I value both opinions of Catherine & John, reflect on it to integrate it into my own opinion.

        1. Well put! During Covid I laughed when a total stranger told me to wear a mask.

          Really? When did telling others what to do and how to think become good manners!

    2. Here, here.

      And also, John, PLEASE stop interrupting Catherine when she is beginning to speak and share her interpretations of the matter at hand. Have some respect for the fine mind that you keep cutting short. Interrupting when someone else is speaking is quite rude, and you do this constantly. I am VERY interested in what Catherine has to say, and not so much for your opinions, which tend to be rather knee jerk and without depth. I find Money and Markets so much less enjoyable due to these constant interruptions on your part. Would that you had the mind and manners of Joseph P. Farrell, instead.

      1. One of the last times we discussed John and I disagreeing on Money & Markets, I said I would post a detailed response to help those who are interested to understand my point of view.

        I do not believe in giving people grades in the workplace. If I did, I would give John an A+.
        When you do what I do, bushwhacking away on the pro-decentralization team (Please see my recent article on the topic before reading this post https://solari.com/how-to-identify-the-independent-pro-decentralization-team-and-keep-conflicts-of-interest-at-arms-length/ ), working with a person who performs to an A+ professional level on a show with the range of topics on Money & Markets is a blessing.

        I first learned of John’s work when he blasted his way out of a successful career in a Chicago law firm, distraught regarding the financial criss and the bailouts. His fury and disgust with the mortgage fraud and the complete break down of the rule of law was notable. What most impressed me was he understood what was happening in a way that few did – the threat to our national and individual sovereignty. I watched his first documentary Bailout (no longer available) and it was clear that he had a unique intelligence, a remarkable sense of humor and, most important, truly understood the profound meaning of the break down in the rule of law.

        I understood these things in 1991 and then again in 1998 thanks to my unique positions in the mortgage and financial markets. Some learned in the great financial crisis – this included Dr. Mark Skidmore, Greg Hunter and John. Many are just learning these things now.

        I lost track of John for a time. Apparently, his anger at the fraudsters got the better of him and he took time off, He reappeared on the Corbett show at the beginning of the pandemic, and I immediately called him to come on to the Solari Report – here is the interview from May 2020 https://solari.com/central-bank-stimulus-quantitative-easing-5-0-with-john-titus/

        At that point I was doing Money & Markets by myself – something that I did not enjoy doing. I asked John if he would join me as a co-host on every other Money & Markets. I figured we would give it a try. It did not take long to propose going to every week. Having John co-host/co-produce made the process much more fun for me and significantly improved the quality. John is a student of monetary history and policy and is a trained engineer and a seasoned attorney/litigator. This is a portfolio of skills that adds a great deal to our coverage. When integrated with my financial and government background and the flow coming though the Solari Report, the combination creates a unique and invaluable perspective on current events.

        For example, we did an excellent job of nailing the ICE violations of the law early thanks to John’s understanding of the legal and enforcement issues.

        During the 2024 election, we were holding Trump responsible for mass atrocity during Covid and calling Gaza a genocide. I got enormous pushback on this, but never from John – he was right there with me. Among other things, he understood that Gaza was a method. If we did not stop it in Gaza, it was coming our way.

        After John started co-hosting on Money & Markets, I invited him to write a series of Wrap Ups – the Going Direct Reset, CBDC and Sovereignty. These are three remarkable major pieces. Your understanding of current events will benefit enormously from reading them. it was an interesting process for me giving him input as he wrote them. In one sense it was a way for us to integrate what we understood about what was going on in America and why. At the root of the issues involved is the question of sovereignty and how we are governed – which includes running monetary and fiscal policy in a lawful and sound way – to benefit the many instead of the few.

        Many people talk about the rule of law. It is rare for a person to master the knowledge and skills to understand it and also implement it – to work for it and to fight for it. I have profound respect for people who do this – it is hard work especially in this environment. John is one of those people.

        Thanks to his many years as a litigator he Is also good at seeing a lie and a liar -even at quite a distance. I used to think I was good at this. John is better. And when you navigate a world of lies, it is good to have another person in the mix who is good at this.

        And someone with a sense of humor. We are in a high tech version of the Dark Ages – much of the news we cover is dark. If you have ever seen John do a face plant, you know you are dealing with someone who can infect the moment with the joy of living, no matter how dark the topic.

        As John worked on Money and Markets he was also making his own videos at his channel Best Evidence. He kept improving his audio and video engineering skills. As he did he kept improving the presentation of stories on Money and Markets. We also evolved how we chose the stories. Over time, I learned that it was increasingly rare that John wanted to cover a story that I thought was unimportant. We were both disinterested in many of the popular stories of the week – rather we were focused on what was important – what was happening in terms of power and money that was impacting our subscribers lives and pocketbooks. As Sam Smith used to say, “All the news while there is still time to do something about it.”

        I will never forget the events in Butler Pennsylvania during the 2024 election. John and I agreed we would independently determine what we thought happened and then compare notes at our weekly Tuesday meeting. We arrived on our Tuesday call, both absolutely convinced that there had been no real assassination attempt. What was interesting was that our reasons were almost entirely different – reflecting the difference in background and training. There were only a handful of commentators taking the position that the Butler assassination was theatre. While I am typically confident in my long history of taking positions that are contrary to both corporate and new media, I remember how grateful I was for John’s analysis – it gave me an extraordinary sense of confidence to navigate the pushback as many people in the new media fell for the op.

        That was the period in which we lost a third of our subscribers – who indicated offense on our positions on Trump’s candidacy and Gaza. Being right against the crowd takes confidence – being right against the crowd when it means you are talking heavy financial losses takes more confidence. Those are times when you appreciate the tough guys in your corner. To their credit, the entire Solari team never once suggested that John or I should back off even though their jobs were on the line.

        So this brings me to times when John and I disagree – which we do. One of our biggest challenges on Money & Markets is bringing the show in under two hours. In this day and age, that is a long time for a busy person to listen or watch.

        If John and I disagree, the first question in my mind is do I want to spend any time exploring why – a lot of times the answer is no – I just don’t think it is worth the listeners time to discuss or debate. It is just going to hold the show up.

        Sometimes I do think it is worth the time so we then go into it. That is fine too. I learn a lot by listening to John’s point of view. Occasionally his input changes my mind. Often it doesn’t. But even when it doesn’t I learn something.

        It is important to understand that I have spent three decades being almost always right while I listened to thousands of DOJ and HUD attorneys, federal district judges, reporters, commentators, covert operators, gold bugs, crypto cult members, economic hit men and social media influencers who likely work for defense contractors and Zionist funded organizations scream how wrong I am, try to get me to back down, switch my position, or say uncle, threaten me with numerous threats including legal, financial and physical harm. The result is that I have exceptional confidence in my intelligence and ability to hold the line on important issues. I have found that time usually proves me right – and squabbling almost always wastes my time and energy.

        What is most important to me when it comes to my work with John is that he feels absolutely free to speak his mind. If there is anything I value in a business or profession it is clarity. Clarity comes when each of us is free to speak our mind – we don’t have to worry about giving offense. If that means John can seem curt or interrupt – then my attitude is to let John be John. I am not here to censor John or tell him what to be or how to be. Back in the day, I had a track record of interrupting. I have gotten better, but I am not going to be the pot calling the kettle black.

        I know a lot of people who have excellent manners. They never disagree and they never interrupt. They smile over their drink at me while they are smug about the money they are making on their Palantir stock. I prefer people who are true – and if they occasionally snap or interrupt, it is what it is.

        One of the subscribers who complained about my interaction with John was adamant that I was a woman allowing a man to run over me. She seemed concerned that I was failing in my duty to the feminists of the world. Here’s my point of view. One of the toughest things that ever happened to me was living though eleven years of litigation and smear campaign involving life threatening physical harassment. Most of the men I was working and dealing with were low integrity. They lied, they cheated, they could be bought, they had control files. Honestly, they would sell their colleagues down the river for a night on the town and a blow job, pardon my French.

        That period followed working in the Bush Administration for a Cabinet Secretary who got furious with me for refusing to break the law, who told me he would not come to my house because my house was bigger than his house and he would find it castrating and who spent 30 minutes in his office discussing my wardrobe and ordering me to lengthen my skirts.

        And that followed a period of eleven years on Wall Street. I made partner in record time, eight years. Every time I got screamed at, yelled at, interrupted or run over, you know what I did? I did whatever got the deal done and made my firm proud and highly profitable. I focused on performance. I ignored the men screaming at me. I was a better investment banker.I had the fortitude to appreciate the incoming intelligence that they were usually communicating and to scream back louder when and if that was what was required to get the deal done.

        John is free to say and do what he thinks. He had the courage and intelligence to bushwhack his way out of the centralized teams into an independent life in the decentralized teams – and I have never head one drop of self pity from him for the price he paid to do so. He has kept his word every week, week after week, for the last five years. He has worked to continuously improve Money & Markets – which is excellent and getting better all the time. He does an A+ job and offers the thing I value the most – integrity.

        If he disagrees with me on occasion, I am glad he knows he is free to express his opinion. When he does, I always listen. If I think it is important, I will dig into the issue. If I think it is not a good use of the listeners time I will move on.

        If John occasionally sounds snappy or interrupts, I could care less. I have walked a long road – and the result is I know and value an A+ partner. It reminds me of one of my favorite lines from one of my favorite movies, The Outlaw Josey Wales, “I rode with him, and I got no complaints.”

        1. Thank you, Catherine, for sharing your experience with John. Money and Markets is the biggest reason I am a Solari member. I look forward to seeing you both as you mentioned your diverse backgrounds bring a reflective sharing and observation. I love how John sometimes gets worked up about a topic or someone and you gently laugh or say something that either makes him laugh or he humbly and professionally gets back on track. Love you Both. I am a big fan of Money & Markets and Love your Co-host John for the value and insight he delivers. Of course, you’re my number one fan that I trust and grateful for all you do.

        2. I met John and Dr. Skidmore at a Solari event during the height of the masking insanity in 2020. Both are intelligent, genuine men open to listening to questions and the opinions of others. There was no pretense about John which was very refreshing.

          I appreciate reading your timeline, logic and thorough embrace of John. He deserves it. Your intelligence and experience are such that there are few people willing to offer an opposing opinion in an open forum. I like hearing the difference of opinion because it challenges me to ponder another view.

          While I was surprised to hear John’s opinion about Ed Dowd, I considered it for a moment. And, I still disagree with him. Ed Dowd did a lot to raise awareness of the harm the injections were causing and he probably saved some lives with his interviews and books.

          It’s not easy with the current information flows to pick my way through truth, semi-truth and downright lies. I welcome a discussion that provokes thought on both sides of the coin.

          Best wishes to you both in these challenging times….

          1. Thank you, Donna – Walt Whitman described it well:
            https://rpo.library.utoronto.ca/content/song-myself

            Stop this day and night with me and you shall possess the origin of all poems,
            You shall possess the good of the earth and sun, (there are millions of suns left,)
            You shall no longer take things at second or third hand, nor look through the eyes of the dead, nor feed on the spectres in books,
            You shall not look through my eyes either, nor take things from me,
            You shall listen to all sides and filter them from your self.

        3. I can’t think of another time when I felt the money I spent on something had gotten me so much more than what I paid for. A lot of that is because of M&M. I’d like to add that John’s series – the War for Bankocracy provides a priceless education on how the banking system operates; he makes it so easy for us banking dummies to understand the system and how it really operates. Many many thanks and I hope you both keep on keepin’ on.

          1. Gerry:

            You made my day. I am sure John’s too as soon as he sees,

            Catherine

  2. Catherine, I agree with you that WEF is less important than Bohemian Grove. I did a brief internship there many years ago. Around Geneva their main event at Davos was known as the Billionaires’ Prom. Rich people get to meet other rich people and socialize in a luxury venue. Who wouldn’t love that? Plus, I hear the food is fantastic. But their impact is quite limited, because earth-shattering policy decisions aren’t really made at proms. When I asked my boss at the UN for a week off to do the internship, he looked at me the way a boss at Goldman Sachs might look at a junior employee who asked for time off to shadow a cashier at 7-11. WEF is not in the international sector of Geneva; it’s on the wrong side of the tracks – a large farm way off in the suburbs. Sadly, (or maybe not) I did not meet Klaus Schwab. I’d never heard of WEF before I was offered the internship, and neither had any of my friends. I was astonished when suddenly he was everywhere during COVID. No one with actual power spends that much time trending on Twitter.

  3. Hi Catherine and John, thanks for another great episode. I thought I was “up to speed” on events, but was glad to find out more.
    Re your throwaway line – I have heard nothing about additives to food in the UK beyond the usual suspects, I will ask around.
    In other news, I was second in a queue at a till the other day. Then the guy could not remember the pin number for his credit card. Cash is definitely King.

  4. Very interresting interview with Michael Hudson. New balance between governamental structures, banks and entrepreneurs in equal meassure to not regress to pretend democracies that function like unbridled grift systems. The evil coming out of current US is of the charts.
    https://www.youtube.com/watch?v=XXBujo0oeLQ

  5. Sorry to hear about your shadow work with the IRS. I’ve spent at least 6 hours thus far trying to resolve this same issue for my elderly father. I got the run-around/misinformation on the first three calls, spinning my wheels to fill out forms and fax them in that they ultimately said would not allow me to handle this on his behalf. They seem to be forcing use of the ID.me system by making scheduling by phone impossible. Of course, in order to use schedule the in-person ID verification appointment by ID.me you need to provide the same IDs to create the ID.me account. It’s all very Kafkaesque. He’s due a refund (as I suspect is the case with most who receive the ID demand letter), which they won’t process until he’s been seen in person and verified. What a perfect way to force the compliance with the ID/biometric systems by withholding money due to you.

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