October 17, 1973. Kuwait City.

OAPEC ministers met in Kuwait City and voted to cut oil production by five percent a month. Within days, Arab producers began banning oil exports to the United States. The price of oil roughly quadrupled within months.

The pain did not start on the day of the vote. It started in the weeks after, when gas stations ran dry and the lines stretched for blocks. The architecture of control had been built over years. The vote just switched it on.

Today is November 10, 2026. And a different kind of clock just got moved.

One year ago, on November 7, 2025, China’s Ministry of Commerce suspended a sweeping set of export controls it had announced a month earlier. They covered five more rare earth elements – europium, holmium, erbium, thulium, and ytterbium – and introduced the 0.1% rule: a product made anywhere in the world that contains 0.1% or more Chinese-origin rare earth material by value needs Beijing’s approval to ship. The suspension was part of a trade truce between Washington and Beijing. It was due to expire on November 10.

On Monday, November 9, China’s Ministry of Commerce extended the pause by two months, to January 10, 2027. Reuters reported that the ministry issued a short statement and gave no other details. It did not say which measures the extension covers. Treasury Secretary Scott Bessent had said in September that the truce extension covers the suspension. China’s own statement at the time did not name it.

So the clock did not run out. It got two more months. The April 2025 licensing for seven medium and heavy rare earths was never suspended and stays in force. Reuters says President Trump is due in Shenzhen later this month for an APEC summit, where he is expected to meet Xi Jinping. That is the next date that matters to the automakers and chipmakers that depend on these metals.

The trade data show a slower, lumpier flow. China’s rare earth exports for January through September came in at 43,711 tonnes, down 9.6% from a year earlier. September exports were 4,269.8 tonnes, up 6.7% on the year but down 9.8% from August. Magnet exports hit 6,165 tonnes in September, up 23% on the month and the highest of 2026, according to Shanghai Metals Market. Magnets sent to the United States for January through September totaled 4,637 tonnes, about 15% below the same period of 2024, according to Silverado Policy Accelerator.

Meanwhile, the political ground in Washington shifted. Democrats won control of the House and the Senate in the November 3 midterms, according to CBS News projections. Democrats had already questioned the administration’s $1.6 billion deal with USA Rare Earth, and S&P Global reported in September that they planned broader probes of administration mining stakes after the midterms. The companies building the West’s rare earth chain now face two risks at once: a supplier that can restart the clock and a new Congress that wants to audit the pipes.

In 1973, the embargo did not last forever. It was lifted five months later. But oil never went back to three dollars a barrel. The architecture of control stayed in place, and the world rearranged itself around it. That is the lesson for rare earths. Whether Beijing extends the pause again or lets it lapse, the wiring is done.

Sometimes the world changes, and no one notices.

On the morning after Henry Kissinger's petrodollar deal with the Saudis in 1974, the bills in your wallet looked exactly as they had the night before.

The U.S. Treasury didn't issue any new money -- and nothing was announced, voted on or passed through Congress. America's new monetary order was created in secret.

Yet over the five decades that followed, that one deal helped take America from roughly 180,000 millionaires to nearly 24 million – creating extraordinary wealth for those who owned the right assets.

At the same time, the dollar lost more than 84% of its purchasing power, quietly draining the savings of millions of families.

I believe the same thing is happening again, and once more the dollar in your pocket won't look any different.

It’s got nothing to do with crypto, CBDCs or gold.

And you'll only see the change later – in what could be a radical repricing of assets, goods and services across America.

To help explain what's happening, and before it’s too late for you to prepare for this shift…

I sat down for an interview with financial reporter Kimi Weintraub:

Watch it here.

You'll discover how President Trump has assembled his new monetary order in the shadows, executive orders, closed-door deals with tech billionaires and a reported 13-nation agreement almost nobody has heard of…

I also share the five critical assets I believe sit at the heart of this historic shift…

Including the name and ticker of my No. 1 move to make today.

Time is a factor. When world leaders gather at Trump's resort in Miami on December 14, I believe the President could unveil this new monetary order to the world as a done deal.

Go here for the full interview.

Something big is set to happen on November 30.

That's when some of the most powerful figures in the race to build the next generation of AI will gather in one place.

And one forgotten American company could be right at the heart of it.

The man who spotted this setup is Larry Benedict.

Larry ran a $900 million hedge fund and went 20 consecutive years without a losing year.

Now he believes this long overlooked American giant is one of the companies Elon Musk needs to bring his new $119 billion AI plan to life.

Yet Wall Street still treats this company like yesterday's news.

That disconnect has created a rare opportunity 0— and you can get involved with as little as $300.

But not for long.

Because after November 30 Larry expects this company's name to be splashed across the mainstream financial media.

And once the rest of the market sees what he sees, the chance to get ahead of the crowd could be gone.

That's why Larry is urging investors to see what he's uncovered before November 30.

After sweeping both chambers of Congress in the November 3 midterms, Democratic lawmakers are promising investigations into the Trump administration’s critical minerals deals. USA Rare Earth, which received a government equity stake earlier this year, is among the companies named in a senators’ letter. The new majority could slow future funding or force renegotiation of existing agreements.

— Bloomberg / CNBC, Nov 5

As of November 5, spot dysprosium oxide in Europe was quoted at $3,300–$4,200/kg, up $150/kg. Spot terbium oxide rose as well. Gadolinium oxide hit $2,700–$3,000/kg, up $100/kg. Buyers are front-loading orders ahead of today’s deadline, and thin supply outside China is making every trade count.

— Shanghai Metals Market, Nov 5

USAR closed at $7.42 on November 5, down 9.5% on the day. The drop came as the broader rare earth sector sold off and congressional scrutiny of Trump mineral deals weighed on sentiment. The company reports Q3 results after the close on November 9 — its first quarterly report under new CEO Thras Moraitis.

— Market data / GlobeNewswire

Shanghai Metals Market’s weekly review reported that PrNd oxide and alloy prices bounced midweek after a stretch of declines. However, many sellers pulled quotes as November 10 approached, and trading volume stayed thin. Medium and heavy rare earth prices in China were mixed, with dysprosium holding steady and gadolinium slipping.

— Shanghai Metals Market, Nov 5