Editor's Note: More than 15 years ago, Porter Stansberry's warning about the destruction of the dollar went viral. In his critical new documentary he explains why it came true – and reveals the radical reset of America's money he believes could finally reverse our decline.

If you have savings in the bank or a stock portfolio, make time to watch it today.

I don’t know about you, but it feels to me like our country is dying.

The virtues that built this nation – hard work, thrift, personal responsibility, and sacrifice – have been turned upside down.

The truth is, I barely recognize our country anymore.

Our inner cities have murder rates that would shame a failed state in the Third World.

A generation of adult men are still living in their childhood bedrooms, unable to even imagine starting a family.

More than a million young women are selling themselves to strangers on the internet – and calling it empowerment.

Addiction is everywhere: Gambling. Opioids. Pornography. Debt. All spreading through every zip code in America.

And the price of a decent life – healthy food, a nice car, a good home – has simply become too steep for most hard working Americans to afford.

An American Tragedy

If you're like me, you've watched all of this unfold and asked yourself one simple question:

What the hell is going on?

Well, more than 15 years ago, I warned that America was heading toward this exact kind of social breakdown.

Today, I want to show you why that warning came true…

And, more importantly, what I believe comes next.

But first, we have to understand what brought us here.

The right blames the collapse of the family and the church. The left blames capitalism, racism, and inequality. The TV news blames social media and our failing schools.

But what they’re all describing is the smoke, not the fire.

Because I believe there’s a single cause underneath all of it – one unseen, unspoken force that ties together all the madness, the crime, the despair, and the decay.

Sociologists have a name for it. But almost no economist on Earth really understands it.

That word is anomie – the breakdown of a society's moral order.

It’s the moment when everything stops making sense, when virtue stops being rewarded, and an entire nation quietly stops believing in the future.

Sound familiar?

But anomie is not a cultural disease. It’s a monetary one.

The Dollar’s Last Dance

When a nation’s money becomes worthless… when it intentionally debases its currency… it doesn't just rob its savers, it breaks the invisible contract that holds civilization together.

It breaks the sacred moral promise that hard work, thrift, and sacrifice today will be worth something tomorrow.

Destroy that promise and you destroy the reason to behave and to believe in the future.

It happened in Rome, as emperors clipped the silver from the denarius – and birth rates collapsed, crime soared, and the spectacles grew more depraved by the decade.

It happened in Weimar Germany, as the mark was printed into confetti – and Berlin became the vice capital of Europe almost overnight.

While respectable families sold their furniture, speculators made fortunes by leveraging the cheap money.

Debased money and a debased society are not two stories – they are one story. And, sadly, it is now America’s story.

Because when money stops holding its value, time itself stops feeling valuable. Life feels worthless.

Why work? Why save? Why invest for the future? Why sacrifice for your family or your country – when everything around you says sacrifice is for suckers, and the game is rigged for the people standing next to the money printer?

The young men trapped in their bedrooms understand this, even if they can't articulate it.

So do the workers who quit their jobs to collect a welfare check… the couples who never marry or have kids… the women degrading themselves on OnlyFans… and the millions numbing themselves one scroll and one online bet at a time.

They’re not lazy. They’re not stupid. They are responding – quite rationally – to a currency and a government that has failed them.

Ever since America's money was untethered from anything real, the dollar has lost more than 80% of its purchasing power.

And in that time the moral fabric of this country has unraveled in lockstep.

That’s not a coincidence, that’s cause and effect.

If you want to rebuild America's culture, you must first rebuild America's money.

I know how most people feel about all of this. They’re lost. And they've given up.

They look at the direction we're heading and see an inevitable, unstoppable slide – into moral decay, into financial ruin, into a country that makes them afraid for their children and grandchildren.

They've stopped expecting anyone to fix it. Maybe you have, too.

I understand that feeling, but I'm here to tell you it’s wrong.

Trump’s Reset

Right now, something is in motion that could reverse this destructive slide – the first serious effort in half a century to repair the broken heart of the American monetary system.

I believe President Trump is attempting to replace the U.S. Dollar.

I don't know if it will work. I don't know if it will come in time.

But I believe the Trump administration is moving heaven and earth to make it happen – mobilizing trillions of dollars, and redrawing the entire architecture of American money in the process.
There was no debate in Congress. No vote. And no public announcement.
Yet I’d like to show you why I believe this reset is already underway.

And potentially as soon as this coming December, Trump’s monetary reset could be announced – in all but name – to a gathering of world leaders in Miami.

This has nothing to do with CBDCs, Bitcoin, crypto, or digital money.

But soon, every American could be using Trump’s New Dollar to pay for groceries, gas, medical bills and practically everything else – whether they support it or not.

This controversial monetary system is, in my view, already sending enormous waves of capital into a narrow group of companies and assets – which could create substantial returns for those already in position.

The White House calls the initiative behind it a “transformative force for our long-term prosperity.”

And Fortune says what’s unfolding is “the biggest change to the world’s relationship with the dollar” in a generation.

Yet most Americans have no idea it is happening – and are not prepared for it.

And that could be very dangerous – because the last time America reset its money, 52 years ago, it divided the country in two.

In the decades that followed, by some estimates America created more than a thousand new millionaires every day.

The greatest fortunes went to those who understood the new rules – and owned the assets the new monetary system rewarded.

But, sadly, countless families were left behind.

They worked hard. They lived within their means. They carefully put money aside for the future.

Yet still, they watched their wages stagnate, their savings steadily hollowed out, and the American Dream move further beyond their reach.

Not because they made foolish decisions. But because nobody told them the rules of money had changed.

And now, I believe that same dividing line is being drawn again.

Which side your family ends up on may depend on what you do with the information in my new documentary.

I’ve produced it to explain exactly what Trump’s New Dollar could mean for your savings, your portfolio, and your family’s financial future…

To reveal the companies I believe could benefit the most as this new monetary order takes hold…

And to give you the name and ticker of my No. 1 move to make right now.

Watch it today.

Good Investing,

Porter Stansberry

Saturday, September 19, 2026

Even a 167% price surge can't unlock it.

Cobalt prices have surged 167% since February 2025. Over 200,000 tonnes of the metal were produced in 2024 inside the Democratic Republic of Congo. The commodity is abundant. The global market is short of supply.

That gap has a mechanical explanation. Three forces built it. Each tightens the same vise.

The DRC produces roughly 75% of the world's cobalt. The metal is a critical input for EV batteries and electronics. When the DRC restricts supply, the whole world feels it. The DRC government banned all cobalt exports in February 2025 after prices hit nine-year lows. By October, the ban became a quota system. That system now controls the cobalt market. It works like a vise with three jaws.

The DRC's quota does not just cap exports. It halves them. A forfeiture mechanism then shrinks the effective ceiling even further. On top of that, 98% of the world's cobalt is mined as a byproduct of copper or nickel. The market cannot produce its way around the restriction. The vise has no release valve.

In the 1970s, three oil giants found it. They buried it to protect oil.

Sixty years later, one company finally cracked it.

That window does not stay open once the crowd wakes up.

The DRC set its annual export ceiling at 96,600 tonnes for 2026 and 2027. The country produced roughly 204,000 tonnes in 2024. The quota allows less than half that output to leave. The base allocation is 87,000 tonnes per year. A 9,600-tonne strategic reserve sits under ARECOMS, the agency that runs the system.

Production did not fall. The exit door got smaller. More than 200,000 tonnes of cobalt now sit inside the DRC. Produced, but unable to ship.

Observation: The 2026 export ceiling is roughly 48% of the DRC's 2024 production.
Interpretation: The quota does not reduce mining. It traps output inside the country. A global surplus becomes a bottleneck at the border.

The paper ceiling is 96,600 tonnes. The real ceiling is lower.

ARECOMS enforces strict quarterly deadlines. Any quota volume unshipped by the cutoff is forfeited. No extensions. No carryforward. Forfeited tonnes transfer into the agency's reserve.

In late June, ARECOMS scrapped quotas for Q2 volumes not shipped by July 5. An industry source estimated the loss at up to 20,000 tonnes of annual allowance. Gone in one administrative action.

Producers did not choose to sit on their quotas. Many could not ship fast enough. Exports are measured in contained cobalt, the actual metal weight inside each shipment. Between December 2025 and February 2026, only 7,800 tonnes cleared customs. That is roughly 2,600 tonnes per month. A logistics operator inside the DRC told Fastmarkets directly: less than half of early quota volumes had left the country.

Then the customs platform broke. On July 2, the DRC's Chamber of Mines reported the failure. Exporters could not register declarations. ARECOMS had not sent customs the notification needed to resume processing. An industry source estimated the exposure at up to 20,000 tonnes of cobalt. At current prices, that is roughly $1.1 billion. The platform was down for under a week.

CMOC Group shows what this looks like for one company. CMOC is the world's largest cobalt producer. It mined 117,549 tonnes in 2025. Its 2026 export quota is 31,200 tonnes. That is 27% of its own output. CMOC's overproduction helped crash cobalt to nine-year lows. That crash triggered the DRC's export ban. Now the quota caps CMOC at barely a quarter of what it produces.

Observation: Q2 forfeitures removed up to an estimated 20,000 tonnes from the 2026 ceiling. H1 exports totaled about 41,140 tonnes of contained cobalt, behind even the restricted annualized pace.
Interpretation: The forfeiture mechanism pushes realized exports below the paper cap. Administrative friction and customs failures widen the gap further.

The third jaw of the vise is structural.

About 98% of the world's cobalt is mined as a byproduct of copper or nickel. Almost no one digs a mine to get cobalt. They dig a copper mine. Cobalt comes up with it.

This changes how supply responds to price. When oil gets expensive, someone drills a new well. When copper gets expensive, someone opens a new mine. The price signal calls new supply into the market. That is how most commodities self-correct.

Cobalt cannot do this. When cobalt prices surge, nobody builds a cobalt mine. They build copper mines that may produce cobalt as a side effect. Benchmark Mineral Intelligence put it plainly. Cobalt supply is not in the hands of the cobalt market. It is at the mercy of copper and nickel economics.

So the DRC's quota creates a shortage. Prices surge 167%. And the normal market response, more production, cannot happen. The price signal has nowhere to go.

Observation: 98% of global cobalt is a byproduct. No major primary cobalt mine exists at scale.
Interpretation: Price increases cannot call new cobalt supply into the market. The vise the DRC built cannot be loosened by price alone.

Three forces compress cobalt supply at once. The quota halves exports. Forfeitures shrink the effective cap below that. Cobalt's byproduct nature means price cannot summon new supply the way it would for copper or oil.

Two signals are worth tracking in the coming weeks. First, whether ARECOMS reallocates any forfeited Q2 volumes or holds them in reserve. That decision sets the real 2026 ceiling. Second, the pace of DRC export clearances in Q3. The first half ran behind schedule. If Q3 does too, the deficit widens further.

Downstream, Chinese smelter inventory levels tell you whether buyers already feel the squeeze. Low stocks and aggressive restocking in Q2 suggest they do. Indonesia's growing cobalt output is the closest thing to an offset. But only about 3,000 tonnes per month reach China. That covers a fraction of the lost DRC flow.

The DRC's quota system has turned a physical cobalt surplus into a structural market deficit. The cap, the forfeiture mechanism, and the byproduct trap each tighten the same vise. Price alone cannot loosen it.

Until next time,
The Navigator