This weekend, I made an appearance on a prominent financial podcast—a show I respect and have followed for years. The conversation was enlightening, but it confirmed an unsettling truth: we’ve already defaulted.
Yes, defaulted. With government overspending, reckless monetary policy, and an increasingly fragile economy, we’ve reached a critical point where meaningful change feels impossible. The cycle of mismanagement continues unabated, and the implications are dire. We’ve lost control over our economic destiny.
### The New Spending Bill: Same Old Disaster
Let’s cut to the chase—the recently passed spending bill is nothing new. It’s just the same movie with a different scene. Every four years, we rack up debt faster, and both parties promise to cut the deficit, yet they always kick the can down the road. This bill is no exception. The notion that we can simply grow our way out of this debt crisis is nothing short of delusional.
Look at the absurdity of government spending. Reports show that substantial amounts are being allocated to projects without proper oversight. For instance, giving Rashida Tlaib $5 billion to manage a refrigerator subsidy program? What qualifies her for such responsibility? It’s a ridiculous waste.
### On Inflation: The American People Are Waking Up
Here’s the silver lining: Americans are finally getting the message about inflation. Over the last few years, it was easy to dismiss discussions about the government stealing your money through inflation as abstract talk. Now, hitting grocery store aisles, families are asking hard questions about why they’re paying more for less. This reality check is powerful.
When faced with economic pressure, people are driven to question their government and financial systems. Bitcoin, for instance, has helped propel discussions around monetary policy. It’s forced a generation to engage with concepts like sound money and the nature of fiat. This awareness is crucial.
### Observing Trump’s Economic Vision: Cautious Optimism
Regarding Trump’s proposals of tax cuts and tariffs, I remain skeptical yet curious. I’m in wait-and-see mode. It’s clear the fiscal house is in disarray, and the consequences of our distorted economic landscape defy prediction. The reality? It’s nearly impossible to determine what will happen next.
### Watching the Bond Markets: The True Indicator
If you want to gauge the health of our economy, pay close attention to the bond market. Stocks may fool you, but bonds tell the truth. We’re witnessing unusual behavior—rising yields despite the Fed easing. This isn’t normal. Nobody genuinely knows who’s buying our debt. The ongoing obfuscation around demand is troubling, suggesting deeper issues within our financial system.
### What Could Collapse First?
The potential for market disarray looms. Private credit, commercial real estate, and regional banks are all candidates for failure. Systemic risks are often hidden in plain sight, waiting for a crisis to expose their reality. When that moment comes, it will not be pretty.
### Navigating the Chaos: Focus on Hard Assets
In this tumultuous environment, my strategy revolves around hard assets and exchange-traded funds. It’s about being pragmatic and not getting swept up in the chaos.
### The Wealth Inequality Lie: A Call to Action
Equality proponents are bludgeoning capitalism while simultaneously advocating for the very policies that exacerbate inequality. Each printing press session widens the wealth divide. The only way to avoid a complete collectivist disaster is for people to wake up and recognize the truth.
We stand on the precipice of a reckoning. The longer we pretend everything is fine, the greater the disaster we face. My advice? Trust no one—question everything. Your financial future is in your hands, and the time for action is now.
