Porter Stansberry joins Mark Moss to explain why America’s $10 trillion money-printing accidents end in a monetary reset around 2029, why Social Security and the Treasury market hit the wall first, and why gold and Bitcoin are the assets that survive debasement.
They discuss The End of America, why the age of paper money Is ending and how to survive the coming global monetary reset, the long bond’s historic collapse, 8–12% real inflation, a coming bank "holiday", Bitcoin as a liquidity hedge priced off global money supply, how to use leverage without a margin call, and why he thinks Strategy will be hard to beat this decade.
Hmm...
Apocalyptic prophets are consistently wrong about their doomsday dates
Environmental doomers are consistently wrong about their doomsday dates
Why should I think the financial doomers are any different?
I like listening to these things occasionally to at least think about why they might be wrong.
What happens when the Social Security trust fund empties? Do they let the recipients take a haircut or does Congress actually change the program to make it even more expensive?
If interest and non-discretionary spending are greater than tax receipts (which max out around 20% of GDP), how do they afford their obligations?