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

Tuesday, September 29, 2026

Three export routes closed in sequence with no way to restore supply.

Mosaic is the largest phosphate fertilizer producer in the United States. In May, it pulled its 2026 production guidance. It started shutting down plants in Louisiana and Florida.

Fertilizer prices were hitting record highs at the time. The company was selling at record prices and said it might not be able to keep making the product.

The reason is a chemical most investors have never thought about. Sulfur.

Sulfur is a byproduct of oil refining. Its supply is set by how much oil the world processes, not by how much sulfur anyone needs. Three major export routes closed in sequence over the past year, and sulfur prices hit all-time highs. Because sulfur is the primary input for phosphate fertilizer, the cost shock passed straight through to every fertilizer plant with no way to turn supply back on.

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Think of sulfur like sawdust from a lumber mill. You get sawdust when you cut wood. If sawdust prices triple, no mill cuts more wood just to make sawdust.

Sulfur works the same way. Refineries remove it from crude oil and natural gas because regulations require it. The amount they recover depends on how much oil they process. Not on what sulfur costs. Not on how badly someone needs it.

This is the structural fact underneath everything that follows. No one can ramp up sulfur production on demand. It comes out of the refining process at whatever rate the process runs. Price signals do not reach the supply side.

Observation: Sulfur is a nondiscretionary byproduct of oil and gas refining, and its output is fixed by refinery throughput.
Interpretation: When disruption spikes the price, supply cannot respond. The market has no relief valve.

On February 28, the Strait of Hormuz closed to commercial dry bulk shipping. The Middle East produces roughly one-quarter of the world's sulfur and moves about half of global seaborne trade. S&P Global analysts estimate the closure removed nearly 47% of seaborne sulfur exports.

Then China acted. In April, Beijing announced a ban on sulfuric acid exports starting in May. China produces over 40% of the world's sulfuric acid. Roughly 60% of all sulfuric acid goes to fertilizer production. That second valve closed.

Russia had already shut its valve. Moscow banned sulfur exports in November 2025 after drone strikes hit major gas processing plants. In June, it extended the ban through the end of 2026. Russian sulfur output fell 19% in the first five months of this year.

Three supply lines. Closed in sequence. On a commodity no one can ramp up.

Observation: Three major sulfur and sulfuric acid export routes shut down within months of each other, removing roughly half of seaborne supply.
Interpretation: The byproduct structure made replacement impossible. Lost supply stays lost until the bans lift and physical cargo moves again.

S&P Global Platts assessed sulfur at $815 to $820 per metric ton at Middle East ports in late May. Those are all-time highs. Marginal sulfur, the price for the next available cargo, reached $1,200 per metric ton delivered to Brazil.

Here is where the chain gets mechanical. For every ten metric tons of phosphate fertilizer, you need four metric tons of sulfur. Sulfur accounts for about 80% of the cost of making sulfuric acid. So a sulfur spike passes almost directly into the fertilizer plant's cost floor.

Mosaic's numbers show exactly how this works. Its consumed sulfur cost rose 141% year over year in the first quarter and 150% in the second quarter. Management reported realized sulfur costs around $522 per long ton. Marginal sulfur ran around $1,200.

The company raised its selling price for DAP, diammonium phosphate, to $773 per tonne in the second quarter. DAP is the most common phosphate fertilizer. Mosaic's gross margin per tonne still fell to negative four dollars. Higher prices could not outrun the sulfur cost.

That is the number worth remembering. They raised prices and lost money on every tonne they shipped.

The chain does not stop at the plant gate. DAP in the Corn Belt hit $850 per ton this summer. By September it approached $925. USDA Chief Economist Justin Benavidez warned that rising costs could reshape what US farmers plant in 2027.

Observation: Mosaic's DAP selling price rose to $773 per tonne in Q2 while gross margin fell to negative $4 per tonne.
Interpretation: The sulfur cost increase is large enough to invert margins even at record selling prices. The cost shock passes through the full chain, from refinery to field.

The cost pressure is already locked in for fall fertilizer applications. Farmers who did not secure supply earlier this year face today's prices. DAP near $925 per ton changes the math on every acre.

The signals worth watching over the next few weeks: whether Hormuz reopens to dry bulk traffic, and how long restocking takes if it does. Traders and analysts estimate three to four months for shipping to normalize even after a reopening. Mosaic's updated production guidance will show whether US phosphate output recovers or stays curtailed.

New sulfuric acid capacity takes two to three years to build. The three export bans remain in place. Mosaic did not pull guidance because demand fell or management failed. It pulled guidance because the chemical at the base of its entire process is a byproduct no one can make more of. Until sulfur physically moves again, the cost floor stays where it is.

Sulfur supply is structurally fixed by its byproduct nature. Three major export bans removed roughly half the seaborne supply over the past year. The cost pressure flows from refinery to fertilizer plant to farm gate, with no short-term relief valve in sight.

Until next time,
The Navigator