Monday, February 9, 2026

You're last in line

 
Katusa Research
 

Every dollar the Fed prints reaches you last.

By the time it hits your savings, your portfolio, your paycheck — they've already bought everything worth owning.

A French banker named Richard Cantillon figured this out in 1730.

The people closest to the money printer get rich first.

Everyone else pays the inflation tax. It's been true for three hundred years. Until now.

There's a second money printer. A private one.

Tether created USDT, the stablecoin that now settles almost as much volume as Visa. It's the dollar that the rest of the world actually uses. And every time someone buys it, Tether takes the cash and earns interest on the float.

$10 billion a year of pure profit. From being the source of the money.

They are the new Cantillon insiders.

And they're converting that position into physical gold as fast as they can.

One to two tons per week. Stored behind blast doors in a Swiss nuclear bunker. Not paper, entire bars.

The people printing the world's most-used digital currency are hoarding the world's oldest physical money.

Ask yourself why.

Now ask yourself where else they're buying.

They've filed activist positions on small-cap gold companies

The specific corner of the gold market where firms trade at 50-70 cents on the value of their assets.

Every filing contains the same language: "Intends to propose changes to ownership structure."

That's what you write before you acquire something.

For three hundred years, you've been last in line. The Cantillon insiders always got there first.

But this time, the filings are public. The purchases are on the record.

And for the first time in history, you can see exactly where a money printer is buying… before they're done.

We’ve identified three key names sitting directly in their path.

Front-run the next filing.

Regards,

Marin Katusa

P.S. You’ve seen this happen time and time again. Do yourself a favor, be first for once.

 
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