Increasingly Acrimonious Fiscal Arguments May Signal End Of Pure Fiat Currency Era

Summary

• America's debt downgrade and failed efforts to address deficits are a symptom of a deeper, long-term crisis rooted in the shift to a pure fiat system post-gold standard.
• Globalization and cheap oil masked the flaws of fiat money by keeping inflation in check, but rising energy costs and deglobalization now threaten this fragile balance.
• A transition to asset-backed digital currencies, likely using blockchain, is inevitable as the short-lived fiat experiment is entering the beginning stages of its unraveling.

DNY59

Investment Thesis

The apparent capitulation on the DOGE plan to shrink government spending in a meaningful way, combined with the recent CBO projection confirming that the Trump "Big Beautiful Bill" will add $2.4 trillion to deficits, as well

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