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What's the Dill? Substack · Jun 25, 2026

VINDICATED UPDATE: NO CUTS; "HOLD OR HIKE" - The Only Analyst to Get Interest Rates Right Since 2015

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what's the DILL? · What's the Dill? Substack

*Give credit & mention if using any of the said work below in any manner.

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UPDATE: 6/25/2026

Recently on May 26, 2026 Dillon Critique stated and reported before any major outlets or analysts that the Federal Reserve would not cut rates and would instead hold steady or raise.

This analysis proved to be correct.

Dillon Critique’s original 2015 Interest rate analysis and thesis has comes 100% true and full circle.

Social engineers (content creators, influencers) have begun claiming Dillon Critique’s original work as their own after the fact now that it is too obvious to deny.

The IMF recently stated interest rates are doing a great job of putting the “FINANCIAL ANACONDA SQUEEZE” on the American old-world order/monetary fiat system and to hold or hike interest rates (as needed).

UPDATE 5/26/2026:

VANGAURD Just Now Recently Backed Dillon Critique’s Original 2015 Federal Reserve Interest Rate Work from: “FEDERAL RESERVE PLAYBOOK EXPOSED”.

VANGUARD stated recently:

“The bond playbook just changed.”

The bond playbook didn’t just change all of a sudden; That’s a bunch of ‘HOOEY’.

Why you ask?

THE ANSWER: The Federal Reserve raised interest rates from 0% for the first time in 2015 since 2008, signaling a major shift THEN; NOT NOW.

What is actually happening NOW all of a sudden, is all the slow monkeys have finally just caught on and are beginning to flap and squawk unanimously and collectively in their proverbial cages kicking in the proverbial group think and mindless parroting.

Dear reader,

One of the many purposes of this publication is to continue academically documenting the official on-going collapse of the American old-world order (since 2019) and Hyperinflationary collapse of the USD/Economy (since 2020).

For historical purposes and the education of the population going forward into the new world order and those after, it is paramount that events - past & present - be given their proper narratives, perspectives and inner workings many are unaware of, simply do not see or comprehend.

As expected, during the continued on-going hyperinflationary collapse of the USD, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have all climbed to new nominal record highs.

Overall continuous new nominal highs in markets were also experienced in Venezuela during their hyperinflationary collapse that is still on-going.

These new nominal highs in “markets” being hailed increased wealth comes at the same time Americans living standards and economic confidence have never been this depressed which far exceeds the 2008 Recession/Financial crisis by the proverbial, ‘leaps & bounds’ phrase would suggest.

That is because the 2008 Recession/Financial crisis never actually ended; 2008 was papered over and covered up by the Federal Reserve.

New nominal highs of any kind (i.e. “Markets”/Accounts) should not always be construed as, equated to and or confused with actual wealth or value.

  • Said increasing nominal numbers are only as good as the purchasing power or value behind them.

  • The USD has lost well over 99% of its’ purchasing power since 1913 according to the Federal Reserve Education Board.

Nominal numbers in the U.S. have been in the beginning stages of hyperinflation since 2020.

As can be expected during the continued on-going end of the American old-world order and implementation of the proverbial “New world Order”/”Great Reset” since 2019, the pre-scripted Venezuela & Iran wars are hitting Americans pocketbooks by design.

War along with TARIFF TAXES are added pressures and layers to the beginning stages of USD hyperinflation that began in 2020.

The Cleveland Fed’s proprietary inflation forecasting tool points to another sizable inflationary increase in May (not so shocking), which could eventually force the central bank into action.

What action you might ask?

Raising interest rates or holding interest rates where they are currently.

In 2026, the clueless “professionals” have and are only just now figuring out what should have been obvious in 2015.

Everyone thinks the Federal Reserve is going to cut rates because that has been the main playbook since 2008.

Dillon Critique from; what's the DILL? reported in 2015 that this original playbook - “Cutting rates as a main policy procedure” -was officially over.

Both Jamie Dimond and Jeff Gundlach have officially backed verbatim Dillon Critique’s original 2015 Federal Reserve Interest Rate analysis/thesis just now in 2026 as it is too obvious to deny.

Dillon Critique’s original 2015 analysis and thesis regarding interest rates is now the mainstream narrative and accepted at the highest levels 10 years later.

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The inflationary spike from the Iran war has effectively removed any chance of rate cuts in 2026, and perhaps beyond.

It may even coerce the FOMC to raise rates if prices continue trending higher.

source

In 2015, Dillon Critique stated:

The era of cheap currency is over due to the rising of interest rates for the first time since 2015 signaling a major shift as the green light has been given to set the sun on the U.S. empire. Rates will be higher for longer with head fake rate cuts (which has happened).

In 2026, Jamie Dimond stated:

“The era of cheap money is over”.

“Rate will be higher for longer”.

Due to continued on-going:

  1. USD hyperinflation

  2. TARIFF TAXES

  3. War

  4. Energy transition

  5. Collapse of the American old-world order

  6. Collapse of the old fiat monetary order

  7. Transition to new crypto monetary system

  8. etc.

…Nominal USD prices will continue to hyperinflate (rise rapidly) with - but not limited to - higher rates acting as a “Financial Anacaona Squeeze” - as first and only reported by Dillon Critique since 2020 to present day.

Francis Hunt (The Market Sniper) has socially hijacked and stolen another one of my works: “Financial Anaconda Squeeze” thesis and phrase and posted it as his own.

This is because the original work conducted by Dillon Critique since 2015 regarding interest rates has been a decade ahead of some of the most influential figures that is only just now being realized in live time.

Read the original on blackboxpolitics.substack.com

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