{"id":89814,"date":"2025-12-06T01:00:37","date_gmt":"2025-12-06T09:00:37","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=89814"},"modified":"2025-12-10T07:26:04","modified_gmt":"2025-12-10T15:26:04","slug":"black-coffee-the-raven-speaks","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id89814-black-coffee-the-raven-speaks.html","title":{"rendered":"Black Coffee: The Price of Cheese"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-51224 alignright\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2018\/10\/hurricane-flags.jpg\" alt=\"\" width=\"251\" height=\"240\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2018\/10\/hurricane-flags.jpg 404w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2018\/10\/hurricane-flags-300x287.jpg 300w\" sizes=\"auto, (max-width: 251px) 100vw, 251px\" \/><em>It&#8217;s time to sit back, relax and enjoy a little joe &#8230;<\/em><\/p>\n<p>Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what&#8217;s been going on in the world of money and personal finance.<\/p>\n<p>I&#8217;ve got another busy weekend ahead of me, so let&#8217;s get right to this week&#8217;s commentary &#8230;<\/p>\n<blockquote><p><em>It&#8217;s diamonds in your pockets one week, macaroni &amp; cheese the next.<\/em><\/p><\/blockquote>\n<p style=\"text-align: right;\"><strong style=\"text-align: right;\">\u2013 Jolene Blalock<\/strong><\/p>\n<blockquote><p><em>The only free cheese is in a mousetrap.<\/em><\/p><\/blockquote>\n<p style=\"text-align: right;\"><strong>\u2013 Anonymous<\/strong><\/p>\n<p><strong>Credits and Debits<\/strong><\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> Did you see this? Black Friday shoppers were seeing red last week after Walmart customers quickly discovered that Kraft\u2019s new limited-edition \u201cMac Friday Box\u201d had sold out only seconds after going on sale for $19.37 at midnight Friday. The novelty item, designed to look like a 65-inch flat-screen \u2013 <a href=\"https:\/\/nypost.com\/2025\/11\/28\/lifestyle\/walmart-shoppers-rage-after-waiting-hours-for-65-inch-mac-amp-cheese-box-only-for-it-to-sell-out-in-seconds\/\" target=\"_blank\" rel=\"noopener\">no, really<\/a> \u2013 featured 65 boxes of classic Kraft Mac &amp; Cheese inside. Savvy shoppers recognized that, at that price, each box inside cost approximately 29 cents \u2013 which is 75% off the regular grocery shelf price.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-89857\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-20.jpg\" alt=\"\" width=\"540\" height=\"442\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-20.jpg 890w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-20-300x245.jpg 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-20-768x628.jpg 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-89856\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-19.jpg\" alt=\"\" width=\"540\" height=\"443\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-19.jpg 1080w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-19-300x246.jpg 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-19-1024x840.jpg 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-19-768x630.jpg 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-89858\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-21.jpg\" alt=\"\" width=\"540\" height=\"392\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-21.jpg 986w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-21-300x218.jpg 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-21-768x558.jpg 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> Speaking of the holiday shopping season, temporary Christmas hiring in the US is at <a href=\"https:\/\/finance.yahoo.com\/news\/seasonal-hiring-offers-little-reprieve-for-labor-market-woes-110044972.html\" target=\"_blank\" rel=\"noopener\">its lowest pace<\/a> since tracking began in 2012. In fact, retailers are expected to bring on as few as 265,000 seasonal workers this year, compared to 442,000 in 2024. And that\u2019s <em><strong>really<\/strong><\/em> bad news for this recently-unemployed magician&#8230;<\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/SKIUctPwb7g?&amp;controls=0&amp;start=1&amp;end=209\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> On the &#8220;bright&#8221; side, the latest inflation data \u2013 which is a bit stale because of delays resulting from the government shutdown \u2013 shows that core prices in September were up \u201cjust\u201d 3% compared with a year ago. That is the <a href=\"https:\/\/www.breitbart.com\/economy\/2025\/11\/28\/hooliday-shopping\/\" target=\"_blank\" rel=\"noopener\">lowest inflation level<\/a> going into a holiday shopping season since 2020. Never mind that the public would be far better served in an environment of mild <em><strong>deflation<\/strong><\/em>. Oh, and speaking of inflation&#8230;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-89850\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-14.jpg\" alt=\"\" width=\"540\" height=\"269\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-14.jpg 1080w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-14-300x149.jpg 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-14-1024x510.jpg 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-14-768x383.jpg 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-89851\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-15.jpg\" alt=\"\" width=\"540\" height=\"386\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-15.jpg 2300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-15-300x215.jpg 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-15-1024x733.jpg 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-15-768x550.jpg 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-15-1536x1099.jpg 1536w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-15-2048x1466.jpg 2048w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-89846\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-11.jpg\" alt=\"\" width=\"540\" height=\"526\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-11.jpg 858w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-11-300x292.jpg 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-11-768x748.jpg 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> Hey\u2026 and here\u2019s some more good news: US tariff revenues surged to more than <a href=\"https:\/\/www.theepochtimes.com\/business\/tariff-revenue-hits-record-high-of-31-4-billion-in-october-5951002\" target=\"_blank\" rel=\"noopener\">$31 billion<\/a> in October, setting a new monthly record. Hooray!<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-89824\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled.jpg\" alt=\"\" width=\"540\" height=\"847\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled.jpg 900w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-191x300.jpg 191w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-653x1024.jpg 653w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-768x1205.jpg 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-89860\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/GOVT-STEALS.png\" alt=\"\" width=\"540\" height=\"540\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/GOVT-STEALS.png 1022w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/GOVT-STEALS-300x300.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/GOVT-STEALS-150x150.png 150w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/GOVT-STEALS-768x768.png 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> Unfortunately for the US, October&#8217;s record tariff revenue is nowhere near enough to fix the federal government&#8217;s fiscal situation, which is so bad that fully <a href=\"https:\/\/www.zerohedge.com\/economics\/game-over-doge-us-starts-fiscal-2025-record-budget-deficit-shocking-interest-expense\" target=\"_blank\" rel=\"noopener\">24 cents<\/a> of every dollar in collected taxes goes to pay interest on the debt.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-89827\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-1.jpg\" alt=\"\" width=\"540\" height=\"317\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-1.jpg 1078w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-1-300x176.jpg 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-1-1024x600.jpg 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-1-768x450.jpg 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<div id=\"attachment_89828\" style=\"width: 550px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-89828\" class=\"wp-image-89828\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/ABOLISH-IT-ALL.jpg\" alt=\"\" width=\"540\" height=\"540\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/ABOLISH-IT-ALL.jpg 826w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/ABOLISH-IT-ALL-300x300.jpg 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/ABOLISH-IT-ALL-150x150.jpg 150w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/ABOLISH-IT-ALL-768x768.jpg 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><p id=\"caption-attachment-89828\" class=\"wp-caption-text\">h\/t: @Daniel_Hall<\/p><\/div>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> According to market analyst Gregory Mannarino, the recent US Treasury &#8211; Fed partnership gives them <em><strong>enormous<\/strong><\/em> power because, \u201cWhen the same alliance issues the debt (US Treasury) and the funding (the Fed), then you no longer have price discovery, risk premiums, or even default risk \u2013 just a managed illusion pretending to be a market (because) natural debt buyers are <em><strong>deliberately<\/strong><\/em> pushed away\u201d due to <a href=\"https:\/\/www.investopedia.com\/what-is-yield-curve-control-4797189\" target=\"_blank\" rel=\"noopener\">yield curve control<\/a> (YCC), socialized risk, insider front-running. As a result, the \u201cmarket becomes an offshoot of policy, not a reflection of reality.\u201d In other words: fraud. Not that it matters. Well&#8230; until it does. (Just ask the Bank of Japan&#8230;)<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-89838\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-7.jpg\" alt=\"\" width=\"540\" height=\"971\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-7.jpg 800w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-7-167x300.jpg 167w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-7-570x1024.jpg 570w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-7-768x1380.jpg 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<div id=\"attachment_89839\" style=\"width: 550px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-89839\" class=\"wp-image-89839\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-8.jpg\" alt=\"\" width=\"540\" height=\"304\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-8.jpg 1370w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-8-300x169.jpg 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-8-1024x577.jpg 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-8-768x433.jpg 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><p id=\"caption-attachment-89839\" class=\"wp-caption-text\">Note: And now the Fed and US Treasury doesn&#8217;t care anymore either.<\/p><\/div>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> By the way, Mannarino expounds on his initial point, warning that, by keeping yields pinned below where free markets would set them, This &#8220;<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-12\/what-the-trump-administration-wants-from-the-federal-reserve\" target=\"_blank\" rel=\"noopener\">unholy merger<\/a> between the Fed and Treasury is only serving to offload inflation onto savers, workers, and retirees as the US debt balloons even faster. Instead of openly admitting insolvency, it\u2019s a quiet default. And as usual, it\u2019s the (citizenry) who pays.\u201d If only the media would take a lesson from <strong><em>these<\/em><\/strong> guys on how to challenge monetary officials with some probing questions that might inform the public about what\u2019s actually happening:<\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/sKG9mV8hFbw?start=157&amp;autoplay=0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> Then again, we argue that Americans have been paying for their spendthrift government over many decades. This can be seen by examining gold-adjusted income, which shows the real purchasing power. Despite steady rises in US dollar (USD) salaries, the average American\u2019s purchasing power, when measured in ounces of gold, has <a href=\"https:\/\/investorsobserver.com\/research-american-wages-lost-77-of-their-purchasing-power-against-gold-since-1998\/\" target=\"_blank\" rel=\"noopener\">plummeted by 77%<\/a> since 1998. We also suspect that most of you already were aware of that on an intuitive basis. The good news is, there&#8217;s still money to be made in the stock market. At least for <em><strong>some<\/strong><\/em> people&#8230;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-89844\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-10.jpg\" alt=\"\" width=\"540\" height=\"345\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-10.jpg 1192w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-10-300x192.jpg 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-10-1024x655.jpg 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-10-768x491.jpg 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-89842\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-9.jpg\" alt=\"\" width=\"540\" height=\"742\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-9.jpg 1220w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-9-218x300.jpg 218w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-9-745x1024.jpg 745w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-9-768x1055.jpg 768w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-9-1118x1536.jpg 1118w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><span style=\"color: #ff0000;\"><strong>Debit:<\/strong><\/span> Not coincidentally, last week silver market trading was halted on the Chicago Mercantile Exchange (COMEX) under highly-dubious circumstances after price soared more than 6% to new a all-time high of almost $57. For market analyst Niko Moretti, the COMEX shutdown &#8220;is <a href=\"https:\/\/thesilverindustry.substack.com\/p\/from-ftxs-ruins-to-crimex-carnage\" target=\"_blank\" rel=\"noopener\">an indictment<\/a>. The \u2018Crimex&#8217; nickname exists because the very exchange that pretends to \u2018discover&#8217; the silver price has been weaponized for years to manufacture fake supply, cap rallies, and keep real money chained to a dying fiat order. But those chains have now snapped and the crime scene is finally visible\u200b\u201c to everyone. Oh, and speaking of crime scenes&#8230;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-89831\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-2.jpg\" alt=\"\" width=\"540\" height=\"450\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-2.jpg 1078w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-2-300x250.jpg 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-2-1024x853.jpg 1024w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-2-768x640.jpg 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-89833\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-3.jpg\" alt=\"\" width=\"540\" height=\"356\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-3.jpg 1010w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-3-300x198.jpg 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/Untitled-3-768x506.jpg 768w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><span style=\"color: #008000;\"><strong>Credit:<\/strong><\/span> Here is the cold reality: The people who will <a href=\"https:\/\/goldsilver.com\/industry-news\/video\/gold-at-3-or-40000-the-chart-that-changes-how-you-see-gold\" target=\"_blank\" rel=\"noopener\">eat the losses<\/a> in a monetary system reset \u2013 regardless of whether it&#8217;s a controlled USD devaluation against gold or a chaotic currency collapse \u2013 will be those whose savings, retirement, and\/or portfolio holdings are tied to fiat currency and government bonds. As for the winners? That will be those who are holding precious metals. Got gold?<\/p>\n<p><strong>By the Numbers<\/strong><\/p>\n<p>Let&#8217;s take a look at the year-to-date performance (through Nov. 30th) for some select major asset classes. And, no&#8230; the figures for gold, silver, and their respective mining stocks are <em><strong>not<\/strong><\/em> missing a decimal point:<\/p>\n<p><span style=\"color: #ff0000;\"><span style=\"font-size: x-large;\"><strong>-11%<\/strong><\/span><\/span> 10-yr US Treasury proxy (TNX)<\/p>\n<p><span style=\"color: #008000;\"><span style=\"font-size: x-large;\"><strong>+11%<\/strong><\/span><\/span> Dow Industrials<\/p>\n<p><span style=\"color: #008000;\"><span style=\"font-size: x-large;\"><strong>+12%<\/strong><\/span><\/span>\u00a0Russell 2000<\/p>\n<p><span style=\"color: #008000;\"><span style=\"font-size: x-large;\"><strong>+12%<\/strong><\/span><\/span> S&amp;P 500<\/p>\n<p><span style=\"color: #008000;\"><span style=\"font-size: x-large;\"><strong>+21%<\/strong><\/span><\/span> Nasdaq Composite<\/p>\n<p><span style=\"color: #008000;\"><span style=\"font-size: x-large;\"><strong>+61%<\/strong><\/span><\/span> Gold<\/p>\n<p><span style=\"color: #008000;\"><strong><span style=\"font-size: x-large;\">+101%<\/span><\/strong><\/span> Silver<\/p>\n<p><span style=\"color: #008000;\"><span style=\"font-size: x-large;\"><strong>+140%<\/strong><\/span><\/span> Gold miners proxy (GDX)<\/p>\n<p><span style=\"color: #008000;\"><span style=\"font-size: x-large;\"><strong>+142% <\/strong><\/span><\/span>Silver miners proxy (SIL)<\/p>\n<p><em>Source: Yahoo!Finance<\/em><\/p>\n<p><strong>The Question of the Week<\/strong><\/p>\n<p><code><div class='bootstrap-yop yop-poll-mc'>\n\t\t\t\t\t\t\t<div class=\"basic-yop-poll-container\" style=\"background-color:#3f8b43; border:0px; border-style:solid; border-color:#3f8b43; border-radius:7px; padding:10px 10px;\" data-id=\"56\" data-temp=\"basic\" data-skin=\"minimal\" data-cscheme=\"black\" data-cap=\"0\" data-access=\"guest\" data-tid=\"\" data-uid=\"3a65f790c0ae9fb47b0e5244b062ab0f\" data-pid=\"89814\" data-resdet=\"percentages\" data-show-results-to=\"guest\" data-show-results-moment=\"after-vote\" data-show-results-only=\"true\" data-show-message=\"true\" data-show-results-as=\"bar\" data-sort-results-by=\"number-of-votes\" data-sort-results-rule=\"desc\"data-is-ended=\"1\" data-gdpr=\"no\" data-gdpr-sol=\"consent\" data-css=\".basic-yop-poll-container[data-uid] .basic-vote { text-align: center; }\" data-counter=\"0\" data-load-with=\"1\" data-notification-section=\"top\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"basic-inner\"><div class=\"basic-message \" style=\"border-left: 10px solid #008000; padding: 0px 10px;\" data-error=\"#ff0000\" data-success=\"#008000\"><p class=\"basic-message-text\" style=\"color:#000000; font-size:14px; font-weight:normal;\">This poll is no longer accepting votes<\/p><\/div><div class=\"basic-overlay hide\"><div class=\"basic-vote-options\"><\/div><div class=\"basic-preloader\"><div class=\"basic-windows8\"><div class=\"basic-wBall basic-wBall_1\"><div class=\"basic-wInnerBall\"><\/div><\/div><div class=\"basic-wBall basic-wBall_2\"><div class=\"basic-wInnerBall\"><\/div><\/div><div class=\"basic-wBall basic-wBall_3\"><div class=\"basic-wInnerBall\"><\/div><\/div><div class=\"basic-wBall basic-wBall_4\"><div class=\"basic-wInnerBall\"><\/div><\/div><div class=\"basic-wBall basic-wBall_5\"><div class=\"basic-wInnerBall\"><\/div><\/div><\/div><\/div><\/div><form class=\"basic-form\"><input type=\"hidden\" name=\"_token\" value=\"4bf6ebe99e\" autocomplete=\"off\"><div class=\"basic-elements\"><div class=\"basic-element basic-question basic-question-text-vertical\" data-id=\"56\" data-uid=\"1feb31e69805d5f01d178196be49fb29\" data-type=\"question\" data-question-type=\"text\" data-allow-multiple=\"no\" data-min=\"1\" data-max=\"1\" data-display=\"vertical\" data-colnum=\"\" data-display-others=\"no\" data-others-color=\"\" data-others=\"\"><div role=\"heading\" aria-level=\"5\" class=\"basic-question-title\" style=\"color:#ffffff; font-size:14px; font-weight:normal; text-align:center;\">How often do you upgrade your phone?<\/div><ul class=\"basic-answers\"><li class=\"basic-answer\" style=\"padding:0px 0px;\" data-id=\"224\" data-type=\"text\" data-vn=\"60\" data-color=\"#000000\" data-make-link=\"no\" data-link=\"\"><div class=\"basic-answer-content basic-text-vertical\"><label for=\"answer[224]\" class=\"basic-answer-label\"><input type=\"radio\" id=\"answer[224]\" name=\"answer[56]\" value=\"224\"  autocomplete=\"off\"><span class=\"basic-text\" style=\"color: #ffffff; font-size: 14px; font-weight: normal;\" tabindex=\"0\">Longer than 3 years<\/span><\/label><\/div><\/li><li class=\"basic-answer\" style=\"padding:0px 0px;\" data-id=\"223\" data-type=\"text\" data-vn=\"12\" data-color=\"#000000\" data-make-link=\"no\" data-link=\"\"><div class=\"basic-answer-content basic-text-vertical\"><label for=\"answer[223]\" class=\"basic-answer-label\"><input type=\"radio\" id=\"answer[223]\" name=\"answer[56]\" value=\"223\"  autocomplete=\"off\"><span class=\"basic-text\" style=\"color: #ffffff; font-size: 14px; font-weight: normal;\" tabindex=\"0\">Every 2 to 3 years<\/span><\/label><\/div><\/li><li class=\"basic-answer\" style=\"padding:0px 0px;\" data-id=\"222\" data-type=\"text\" data-vn=\"1\" data-color=\"#000000\" data-make-link=\"no\" data-link=\"\"><div class=\"basic-answer-content basic-text-vertical\"><label for=\"answer[222]\" class=\"basic-answer-label\"><input type=\"radio\" id=\"answer[222]\" name=\"answer[56]\" value=\"222\"  autocomplete=\"off\"><span class=\"basic-text\" style=\"color: #ffffff; font-size: 14px; font-weight: normal;\" tabindex=\"0\">Every year<\/span><\/label><\/div><\/li><\/ul><\/div><div class=\"clearfix\"><\/div><\/div><div class=\"basic-vote\"><a href=\"#\" class=\"button basic-vote-button\" role=\"button\" style=\"background:#ffffff; border:1px; border-style: solid; border-color:#000000; border-radius:0px; padding:5px 10px; color:#000000; font-size:14px; font-weight:normal;\">Vote<\/a><a href=\"#\" class=\"button basic-results-button\" role=\"button\" style=\"background:#ffffff; border:1px; border-style: solid; border-color:#000000; border-radius:0px; padding:5px 10px; color:#000000; font-size:14px; font-weight:normal;\">Results<\/a><\/div><\/form><\/div><\/div><\/div><\/div>\n\t\t\t\t\t\t<\/div><\/code><\/p>\n<p><strong>Last Week&#8217;s Poll Results<\/strong><\/p>\n<div class=\"basic-question-title\" role=\"heading\" aria-level=\"5\">How much is your holiday gift budget this year?<\/div>\n<ul class=\"basic-answers-results basic-answers\">\n<li class=\"basic-answer\" data-id=\"219\" data-type=\"text\" data-vn=\"16\" data-color=\"#000000\">\n<div class=\"basic-answer-content basic-text-vertical\"><strong><span class=\"basic-text\">$100 to $500\u00a0 <\/span><span class=\"basic-answer-results-details\">31%<\/span><\/strong><\/div>\n<\/li>\n<li class=\"basic-answer\" data-id=\"221\" data-type=\"text\" data-vn=\"15\" data-color=\"#000000\">\n<div class=\"basic-answer-content basic-text-vertical\"><span class=\"basic-text\">More than $1000\u00a0 \u00a0<\/span><span class=\"basic-answer-results-details\">28%<\/span><\/div>\n<\/li>\n<li class=\"basic-answer\" data-id=\"220\" data-type=\"text\" data-vn=\"14\" data-color=\"#000000\">\n<div class=\"basic-answer-content basic-text-vertical\"><span class=\"basic-text\">$501 to $1000\u00a0 \u00a0<\/span><span class=\"basic-answer-results-details\">26%<\/span><\/div>\n<\/li>\n<li class=\"basic-answer\" data-id=\"218\" data-type=\"text\" data-vn=\"8\" data-color=\"#000000\">\n<div class=\"basic-answer-content basic-text-vertical\"><span class=\"basic-text\">Less than $100\u00a0 \u00a0<\/span><span class=\"basic-answer-results-details\">15%<\/span><\/div>\n<\/li>\n<\/ul>\n<p>More than 2000 Len Penzo dot Com readers responded to last week&#8217;s question and it turns out that 5 in 9 of you plan to spend at least $500 on gifts during this holiday season. As for me, my original budget was $500, but it looks like I am going to exceed that number this year by a slight amount.<\/p>\n<p>If <strong><em>you<\/em><\/strong> have a question you&#8217;d like me to ask the readers here, send it to me at <strong>Len@LenPenzo.com<\/strong> and be sure to put &#8220;Question of the Week&#8221; in the subject line.<\/p>\n<p><strong>Useless News: Prescription Fill<\/strong><\/p>\n<p>This lady noticed that her dog could hardly hear so she took it to the veterinarian. He determined that the dog\u2019s problem was hair in its ears. So he cleaned both ears and the dog could hear fine.<\/p>\n<p>The vet then proceeded to tell the lady that if she wanted to keep this from recurring she should go to the store and get some hair remover, and then gently rub it in the dog\u2019s ears once a month.<\/p>\n<p>After receiving the vet\u2019s instructions, the lady went to the drug store to get some hair remover.<\/p>\n<p>At the register the pharmacist says, \u201cIf you\u2019re going to use this under your arms don\u2019t use deodorant for two days.\u201d<\/p>\n<p>\u201cI\u2019m not using it under my arms,\u201d said the lady.<\/p>\n<p>\u201cWell \u2026 if you\u2019re using it on your legs, don\u2019t shave for five days.\u201d<\/p>\n<p>\u201cI\u2019m not using it on my legs either,\u201d the lady said. \u201cIf you really must know, I\u2019m using it on my schnauzer \u2026\u201d<\/p>\n<p>The pharmacist replied, \u201cThen be sure to stay off your bicycle for at least a week.\u201d<\/p>\n<p><em>(h\/t: Sam I Am)<\/em><\/p>\n<p><strong>Squirrel Cam<\/strong><\/p>\n<p>It&#8217;s only four seconds long, but when the camera was on, this little fella was ready for his close-up!<\/p>\n<div style=\"width: 1280px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-89814-1\" width=\"1280\" height=\"720\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/HAPPY1.mp4?_=1\" \/><a href=\"http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/HAPPY1.mp4\">http:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2025\/12\/HAPPY1.mp4<\/a><\/video><\/div>\n<p><span style=\"color: #ffffff;\">.<\/span><\/p>\n<p><strong>Buy Me a Coffee? Thank You!<\/strong><\/p>\n<p>For the best reading experience, I present all of my fresh Black Coffee posts without ads. If you enjoyed this week&#8217;s column, buy me a coffee! (Dunkin&#8217; Donuts; <em><strong>not<\/strong><\/em> Starbucks.) Thank you so much!<\/p>\n<form action=\"https:\/\/www.paypal.com\/donate\" method=\"post\" target=\"_top\"><input name=\"hosted_button_id\" type=\"hidden\" value=\"BAMGWUPS3YK7G\" \/><br \/>\n<input title=\"PayPal - The safer, easier way to pay online!\" alt=\"Donate with PayPal button\" name=\"submit\" src=\"https:\/\/www.paypalobjects.com\/en_US\/i\/btn\/btn_donateCC_LG.gif\" type=\"image\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.paypal.com\/en_US\/i\/scr\/pixel.gif\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" \/><\/form>\n<p><span style=\"color: #ffffff;\"><strong>.<\/strong><\/span><\/p>\n<p><strong>More Useless News<\/strong><\/p>\n<p>Hey, while you&#8217;re here, please don&#8217;t forget to:<\/p>\n<p>1. Subscribe to my weekly <strong>Len Penzo dot Com Newsletter!<\/strong><\/p>\n<p>2. Make sure you follow me on <a href=\"http:\/\/X.com\/LenPenzo\">follow me on X<\/a>. And last, but not least&#8230;<\/p>\n<p>3. <em><strong>Please support this website by <a href=\"https:\/\/amzn.to\/4l4zzpr\" target=\"_blank\" rel=\"noopener\">purchasing my book<\/a><\/strong><\/em><em><strong>! <\/strong><\/em>Thank you!!!! &#x1f60a;<\/p>\n<p><strong>Letters, I Get Letters<\/strong><\/p>\n<p>Every week I feature the most interesting question or comment &#8212; assuming I get one, that is. And folks who are lucky enough to have the only question in the mailbag get their letter highlighted here whether it&#8217;s interesting or not! You can reach out to me at: <strong>Len@LenPenzo.com<\/strong><\/p>\n<p>This week <strong>Motzmotz<\/strong> submitted this grievance to the Len Penzo dot Com Complaint Department:<\/p>\n<blockquote><p><em>No one reply to the comment I leave here, and possibly nobody care the comment I leaved.<\/em> [sic]<\/p><\/blockquote>\n<p><span style=\"color: #0000ff;\">Not true! Anyone who leaved a comment can rest assured that I readed it.<\/span><\/p>\n<p><strong>If you enjoyed this edition of Black Coffee and found it to be informative, please forward it to your friends and family. Thank you!<\/strong> &#x1f600;<\/p>\n<p>I&#8217;m Len Penzo and I approved this message.<\/p>\n<p style=\"text-align: right;\"><span style=\"font-size: smaller;\">Photo Credit: public domain<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s time to sit back, relax and enjoy a little joe &#8230; Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what&#8217;s been going on in the world of money and personal finance. I&#8217;ve got another busy weekend ahead of me, so let&#8217;s get right to this week&#8217;s commentary &#8230; It&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":51224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[472],"tags":[],"class_list":{"0":"post-89814","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commentary","8":"pmpro-has-access","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Black Coffee: The Price of Cheese<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lenpenzo.com\/blog\/id89814-black-coffee-the-raven-speaks.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Black Coffee: The Price of Cheese\" \/>\n<meta property=\"og:description\" content=\"It&#8217;s time to sit back, relax and enjoy a little joe &#8230; Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what&#8217;s been going on in the world of money and personal finance. 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