It Begins: Iranian Drone Strikes Bahrain Desalination Plant As Worst-Case Scenario Unfolds

From data centers in the Gulf area to water desalination plants, the worst-case scenario is now unfolding in the Middle East conflict, with no boundaries regarding civilian infrastructure.

We warned earlier last week, after correctly predicting that data centers would be targeted, that water desalination plants would be next (see the previous update).

Al Jazeera reports that after Iranian Foreign Minister Seyed Abbas Araghchi claimed the US targeted a water desalination plant in Iran, an IRGC kamikaze drone then targeted a desalination plant in Bahrain.

https://www.zerohedge.com/military/iran-foreign-minister-claims-us-attacked-desalination-plant

The Rediscovery of America’s Constitutional Money Laws: Stablecoins, Silver’s Surging Price, and Trimetallism

By Christopher Guzelian
Associate Professor of Finance and Economics
Texas State University, San Marcos, Texas
Sunday, March 8, 2026

The lesson is that gold as a monetary backstop must be considered in ratio with other things’ market value—including “lesser” precious metals like silver and copper, as the Founders legislated. Perhaps modern economists will return to the Founders’ wisdom that precious metal moneys carry special intrinsic value. Trimetallism—a new mass issuance of gold, silver, and copper Dollars by the U.S. Mint (or Congressionally deputized private mints) at significantly higher spot prices than present—may well do more to rescue Americans from monetary instability than stablecoins backed by the very inflationary instruments that created the problem in the first place.

Guzelian-Essay-03-08-2026.doc

Pretty tough to defeat a country of 93 million people with just airstrikes. Better hope the Iranians are forming some strong opposition to the regime. Regardless, 3-4 weeks will turn into 3-4 months and probably further. So much for the idea of “bringing our troops home from the region.” Another war for the bankers.

According to ZH insurers are on the hook with 35% of their US assets being pvt credit (I can only read the first three lines of the article). I guess that’s not unexpected, after a couple of disasters like the Californian fires they’ll be chasing (apparent/promised) yield as much as anyone. I wonder if that includes health insurers?

I suspect “private credit” is going to be the same as all the AAA CDSs from 2007. No-one knows who or where all the risk is sitting through much rehypothecation, bundling, reselling etc. As Buffet said, we’ll have to wait for the tide to go out. And the tide always goes out before a tsunami …….

Popcorn, please.

Thanks for elaborating on that … exactly … he’s an honest … hard working expert that does a good job for his customers.

Exactly … thanks.

You da Mensch

https://www.youtube.com/watch?v=MW7Bij96eBU

Private Credit Crisis Begins: BlackRock Blocks Investors in $26 Billion Fund

They will do and say anything to make money for themselves and then hand you the bill when everything blows up their most recent crony capitalism …

CRONY CAPITALISM is the how these commies like it.

Me … I like little bitz of silver in my pocket.

Chuckle … snort

From News Service of Florida
via WTVJ-TV6, Miami
Friday, March 6, 2026

https://www.nbcmiami.com/news/local/legislation-approved-to-enact-gold-silver-as-legal-tender-in-florida/3777687/

A bill that enacts prior approval to make gold and silver coins legal tender in Florida is headed to Gov. Ron DeSantis.

With little comment, the Senate today voted 31-1 on the measure (HB 1311) that puts into state law rules for gold and silver coins that have been adopted by the Department of Financial Services and the Office of Financial Regulation.

If the Fed has to expand the balance sheet to $7-8T, then gold has to go to $15-18K!

If The Donald keeps spending like he is currently … this looks like a certainty.

Chuckle

Zelensky had been speaking to compatriots about the proposed €90 billion European funding package for Ukraine, and warned that a single EU leader should not block the measure, widely interpreted as meaning Viktor Orbán.

“We hope that in the European Union, one person will not block the 90 billion [euros]. Otherwise, we will give this person’s address to the armed forces, to our guys, let them call him and talk to him in their own language,” Zelensky said.

https://www.zerohedge.com/geopolitical/european-nationalists-rally-around-orban-following-zelenskys-outrageous-remarks

Actually he is ex-special forces … a gentleman … and a true patriot … and I would trust his silver before I would trust your’s based on that comment.

Try doing a little research before attacking somebody if you want to be taken seriously.

Spit

Arya – آریا
@AryJeay
The US attacked Iran’s freshwater desalination plants, on Qeshm Island.

The Deputy Security Governor of Hormozgan said that last night, the Americans committed a blatant and desperate crime by attacking one of the freshwater desalination plants on Qeshm Island.

Currently, water supply in 30 villages in the central parts, Hara, and Shahab of Qeshm are facing challenges.

https://x.com/AryJeay/status/2030238299013484694

Willem Middelkoop
@wmiddelkoop
·
48m
Evidence the COMEX exchange is losing huge amounts of physical gold reserves

Before 2020 it was mainly used from paper (futures) trading, making manipulation of prices very easily, with zero enforcing of maximum position limits

Source: Incrementum

https://x.com/wmiddelkoop/status/2030268955877581152

It wouldn’t be logical for them to save up their top weapons for retribution. Every hour they lose missiles in storage and missile launchers; the longer they keep them the more likely that they’ll never use them. The whole war depended on Israeli intelligence as to the locations of everything (and everyone), as the US/Israel already knew their anti-missile capabilities – the big question must have been “how much damage are we likely to sustain before we manage to reduce their capabilities to a few drones”, which equates to “how good is our intelligence”.

Limited flights now operating from Qatar. Hormuz open by Monday?

Autumn Steam
https://www.railpictures.net/photo/894208/

https://www.fraserinstitute.org/sites/default/files/2026-02/annual-survey-of-mining-companies-2025-newsrelease-intl.pdf?blm_aid=153865218

some classify brass and lead as precious metals.

SWBI is my only non precious metal stock, I bought it back in 2021 and finally today I see  a 17% break out. I guess they had a good profit report. S&W is sort of gold related, I’ve heard the phrase Guns and Gold. lol

That pricing job sounded like a lot of work. Back to the point though, more jobs will be replaced will come.

I get what you say about the entertainment sector and layers of jobs that should have to be there including tax dependent , but at the same time like in acting it cannot replace the personality or add libs, of real actors or writers. Both writers and comedians are now censored so they won’t offend somebody or to suppress some truth they don’t want getting out. But yet they can offend even more  themselves with what they put out, like a man dressed in drag on a beer can. I can see it now a AL painting sitting next to a Rembrandt. Robot police officers and dogs scanning your digital ID.  Life focused on antisocial isolation and extremely boring.

If I was to buy his stuff I would definitely have his silver checked to be sure of the quality and authenticity of what you are buying. It might look like silver….and it might shine like silver…but does it analyze like silver?????  Does he only sell retail  because his stuff won’t pass the “999” silver test? Just saying fwiw! DYODD! SNG

These shares can’t seem to get moving. OTOH higher energy prices will take a bite out of earnings, so I guess now we need $10k gold.

KOW

… is quickly getting ready for your orders …

… local sound money barter systems offer alternatives to the insanity of increasingly corrupt and coercive fiat regimes … they are the wave of the future … all aboard.

Mornin all