President Trump just sat across from Xi Jinping – and I believe the fate of the U.S. dollar was in the room with them.

As China’s Premier arrived for the summit, the press obsessed over tariffs, Iranian sanctions, fentanyl, the military ceremony and the lavish state dinner.

Those were the things everyone was supposed to see.

But the most consequential part of this summit – something that could impact the financial life of every American – was never even mentioned.

I don’t believe Trump brought Xi Jinping to Washington merely to extend a trade truce or discuss sanctions.

I believe he was there to strengthen America’s grip on the most critical resource of the 21st century.

America desperately needs this important resource to reverse the decline of the U.S. dollar.

It’s a resource so powerful that Vladimir Putin has said whoever controls it will “become the ruler of the world.”

No one seems to be asking why Trump really filled the White House with the leaders of the world’s most powerful technology and financial companies…

Elon Musk. Jeff Bezos. Nvidia’s Jensen Huang. Google’s Sundar Pichai. Apple’s Tim Cook. OpenAi’s Sam Altman. BlackRock’s Larry Fink and Citigroup CEO Jane Fraser.

Or what these men and women – who between them control more capital than most nations – were really there to discuss.

And almost nobody seems to have connected what happened inside that room to a landmark pact signed by 13 nations inside the State Department… a pact designed to cut China out of the biggest investment wave in financial history.

But I have.

And I believe what I’ve uncovered could profoundly affect everything about your financial future – from your stock portfolio to the purchasing power of every dollar you’ve saved.

In my new documentary, I expose exactly what I believe Trump is really doing, how he has completely bypassed Congress to make it happen – and I share the five mission-critical assets sitting at the heart of a shocking, multi-trillion-dollar gambit to reset the U.S. Dollar.

Go here for the full story

Friday, October 9, 2026

Farmers paid $6.9 billion before one signature changed everything.

On August 17, a bulk carrier docked at the Port of New Orleans. It carried 54,000 metric tons of TSP from Morocco. TSP is triple superphosphate, a phosphate fertilizer. The cargo came from OCP Group, Morocco's state phosphate enterprise. It was the first OCP shipment to reach U.S. soil in five years.

It arrived because of one signature. On June 29, President Trump invoked Section 318(a) of the Tariff Act of 1930. That provision allows duty-free imports during a declared emergency. The waiver runs eight months. It expires around late February 2027.

America's phosphate supply now passes through a temporary waiver that expires in late February 2027. Behind it, the dominant producer is cutting output, the alternatives are gone, and the one new plant being built cannot operate before 2028. Nothing is ready to fill the gap when the clock runs out.

Trump's approval is at 36%. Midterms are one month away. He needs a move that changes everything overnight.

He has one. It doesn't require Congress. It could add over $1 trillion to the government's balance sheet and potentially make a large number of everyday Americans very wealthy.

A president used this same move once before in 1934. It created generational fortunes. A free report explains what it is and how to get positioned before he plays it.

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In 2020, Mosaic Company filed a trade petition. It targeted phosphate imports from Morocco and Russia. Mosaic produces about 75% of all U.S. phosphate. The Commerce Department sided with Mosaic. In March 2021, it imposed a 19.97% countervailing duty on Moroccan phosphate. A countervailing duty is a tariff designed to offset foreign government subsidies. That duty priced Moroccan fertilizer out of the U.S. market.

The cost landed on farmers. Texas A&M found the duty raised DAP prices by 28.6%. DAP, or diammonium phosphate, is the most common phosphate fertilizer on American cropland. Over five growing seasons, the duty added an estimated $6.9 billion to U.S. fertilizer costs.

Then the company that built the wall started shrinking. Mosaic cut production by 50% at its Faustina, Louisiana and Bartow, Florida plants. It posted a net loss of $258 million in Q1 2026. Sulfur, a key input, hit $1,000 per ton. Mosaic pulled its production guidance for the year.

Mosaic also filed to raise the duty rate during the ongoing sunset review. A sunset review decides whether a trade duty should continue, increase, or end. J.R. Simplot, one of the largest private agribusiness firms in the U.S., filed the same request. Both are asking for higher duties on the same imports the waiver was designed to allow.

Observation: Mosaic holds 75% of U.S. phosphate production. It is cutting output at two major plants while lobbying for higher import duties.

Interpretation: The duty wall protects Mosaic's pricing power, not supply volume. The incentive is to defend the balance sheet. Farmers need volume. The structure delivers price protection instead.

Two forces made the duty wall unsustainable.

On February 28, the Strait of Hormuz closed. The strait sits between Iran and Oman. About one-third of seaborne fertilizer trade passes through it. Global supply tightened overnight.

Then China moved. Starting in mid-March, Beijing restricted 50% to 75% of its fertilizer exports. Those two events removed most of the alternative supply the U.S. could have reached.

With Mosaic cutting output and both backup paths closed, no domestic or alternative source could meet demand. Section 318(a) was the only remaining supply mechanism.

Observation: The Hormuz closure and China's export curbs removed the backup supply paths alongside Mosaic's production cuts.
Interpretation: The waiver is not a trade concession. It is an emergency patch on a system with no remaining backup.

Morocco matters for a structural reason. The U.S. Geological Survey reports Morocco holds 68% of global phosphate reserves. No other country comes close.

Domestic production has fallen for decades. U.S. output peaked near 54 million metric tons in 1980. Today it sits around 20 million. The U.S. imports roughly 40% of its phosphate. This dependency ran deep long before the waiver.

In late August, OCP and CHS Inc. announced a joint venture. CHS is the largest farmer-owned cooperative in the U.S. They plan to build a new phosphate plant in Louisiana. The cost: up to $450 million. It would be the first such facility since 1984. OCP would supply raw phosphoric acid directly. The plant would not depend on domestic mining.

The timeline tells the real story. Construction takes 24 months. The earliest startup is 2028. The waiver expires in late February 2027. At least one year separates the waiver's expiration from the plant's first output.

Nothing fills that gap right now.

Observation: The CHS-OCP plant cannot produce before 2028. The waiver expires around February 2027.
Interpretation: At least one year sits between the temporary fix ending and the permanent fix starting. The system has no answer for that period.

The 54,000 tons at New Orleans is moving toward farms. Fall is the primary application window. Farmers need phosphate in the ground before winter. DAP at $850 per ton is up more than 20% from last year.

Two forces will shape what follows.

The first is the sunset review. The Commerce Department and the International Trade Commission are deciding whether to extend, raise, or drop the duties. That review is the regulatory clock inside the waiver clock. If duties return at full strength, Moroccan phosphate gets priced out again. The signal to watch is the preliminary ruling.

The second is the CHS-OCP plant. If construction begins on schedule, production could start in 2028. That is the earliest structural fix. The question is whether Washington extends the waiver before February or finds another path. The signals to watch are the groundbreaking timeline and any movement on a waiver extension.

America's phosphate reaches farmers through one temporary waiver that expires in February 2027. The plant that could replace it cannot produce before 2028. The cargo at New Orleans got through because one door opened. That door has a timer.

Until next time,
The Navigator