Something strange is happening to your money.

It wasn't voted on. It wasn't debated in the Senate. And most Americans have no idea it's even taking place but…

President Trump is replacing the U.S. dollar.

Not with crypto. Not with a digital currency. Something far bigger than that – and it's already been signed and sealed in the back rooms of D.C., ready to be issued by the U.S. Treasury.

Bypassing every legal and political channel under the guise of "national security," Trump has enacted this total money reset using a landmark executive order (1421).
Whether you’re a Democrat or Republican, whether you support this new money or not, it doesn't matter.

Soon, every U.S. citizen will be forced to use Trump's New Dollar to fill their gas tank, buy groceries, and pay medical bills.

Which is why I've produced a critical new documentary laying out exactly what Trump's New Dollar means for your savings, your investments, and your family's financial future.

Detailing three important steps you can take today to prepare – including the name of a core band of assets connected to Trump’s initiative that could surge as a result.

As you’ll see in my briefing, the last time America reset its money like this – under Richard Nixon’s presidency in the 1970s – it created one of the greatest wealth divides in the history of our nation.

On one side, it minted an average of 1,300 new millionaires a day for over half a century. And on the other… the folks left behind, drowning in debt, with no idea how to use America’s new money to create wealth.

As Trump rolls out his new dollar, the question is:

Which side will you be on?

Good investing,
Porter Stansberry

PS. If you’re wondering what Trump’s new money will look like, when it will be issued, what it means for your investments – all of those questions are answered in my briefing.

Tuesday, August 25, 2026

Millions of acres went under-nourished before anyone noticed.

U.S. grocery prices rose 2.7% in the year to July. The Bureau of Labor Statistics number looks stable. It looks like the fertilizer crisis never arrived.

It arrived. The damage runs on a different clock.

The Strait of Hormuz closed on February 28 when the Iran war broke out. One-third of global seaborne fertilizer trade stopped that day. Fertilizer prices shot up 80% by April. Farmers across the U.S. and Brazil could not afford full application. The spring planting windows have closed.

The yields are already set. The food-price signal is still in transit.

Fertilizer must reach soil at a specific point in the crop cycle. Miss the window and yields drop, no matter what happens afterward. The spring 2026 window closed with millions of acres under-fertilized. Lower yields are now locked in through the fall harvest. The food-price signal follows, but it travels on a crop calendar, not a news cycle.

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The Strait of Hormuz sits between Iran and Oman. Urea is the nitrogen fertilizer behind most major crops. About 21 million metric tons of urea move through the strait each year. When it closed, tanker traffic dropped by more than 95%.

This is not 2022. During the Ukraine war, Russian fertilizer got rerouted to new buyers. Product still moved. In 2026, there is no reroute. The fertilizer sits in Gulf ports with no ocean exit. A physical wall replaced a trade disruption.

Urea hit $850 per metric ton by April, 80% above its February price. The surge moved fast down the supply chain. Farm-level urea prices jumped 56% in eight weeks. The spike hit during spring planting. That is when farmers buy and apply fertilizer for the year.

China closed the main backup. Beijing halted exports of key fertilizer blends in March and extended phosphate restrictions through August. Between 50% and 75% of China's export volumes are now restricted. The incentive is domestic: keep Chinese farmers supplied before exporting a single ton.

Observation: One-third of global seaborne fertilizer trade has been physically blocked since late February. China sealed off the main alternative source.
Interpretation: This is a supply removal with no short-term substitute. The volume gap cannot be filled before harvest.

The American Farm Bureau Federation surveyed 5,700 farmers in April. Seventy percent could not afford full fertilizer this spring. That is arithmetic, not panic. Urea costs 80% more. Grain prices sit up to 40% below 2022 levels. Farmers apply less.

The UN Food and Agriculture Organization put it plainly in May. Fertilizer must be applied at specific moments in the crop cycle. Miss the window and yields drop, regardless of what happens later. A delay of even a few weeks forces farmers to reduce or skip application.

The planting window is a one-way door. It closed. No price drop in September undoes what was not applied in April.

Observation: Seventy percent of U.S. farmers could not afford full fertilizer this spring. That window has closed.
Interpretation: The yield reduction is a mechanical fact, set by planting-season decisions that cannot be reversed.

The International Food Policy Research Institute made one thing clear. This is a fertilizer supply shock, not a crop supply shock. Crops are in the ground. They are just under-nourished. The food system is producing less than it would have.

That matters for what comes next. The BLS shows 2.7% food-at-home inflation through July. The United States Department of Agriculture forecasts 3.1% for all food in 2026. Those numbers reflect last year's harvests and current grain inventories. They do not reflect the yields locked in this spring.

The transmission takes time. Less fertilizer in April means smaller harvests in October. Smaller harvests mean tighter grain supplies by winter. That chain links a spring fertilizer shortage to grocery prices months from now.

The pattern is global. Yara, one of the world's largest fertilizer companies, reported Brazilian deliveries will fall 14% this year. Yara also flagged Brazil's cost-to-grain ratio as the worst in 20 years. That ratio measures the gap between fertilizer costs and crop revenue. David Delaney, CEO of phosphate producer Itafos, was direct in May. There is not enough nitrogen or phosphate to grow what the world has been growing.

JPMorgan projected food inflation at 5% annualized in the first half of 2027. That would add 0.6 percentage points to global headline inflation.

Observation: Grocery inflation sits at 2.7% through July. JPMorgan projects 5% annualized by the first half of 2027.
Interpretation: The gap between those numbers is the harvest-cycle delay. Current prices reflect old yields. Incoming prices will reflect this spring's reduced application.

The signal to watch is the gap between current grocery data and incoming yield reports. Food prices today reflect old supply. The new supply, shaped by this spring's shortfall, starts arriving with fall harvests.

The USDA publishes crop production reports in October and November. Those will show the first hard yield numbers for corn, soybeans, and wheat. If yields come in below trend, the food-price math shifts.

The structural shortage has not resolved. The strait remains closed. China's restrictions remain in place. Southern Hemisphere planting begins in October, and Brazilian farmers face that same cost squeeze. The same one-way door applies to their growing season. Biology sets the speed of this signal, not markets.

The Hormuz closure removed one-third of seaborne fertilizer trade. The spring planting window closed with most farmers under-fertilized. The food-price signal is in transit on a harvest clock.

Until next time,
The Navigator