A 100-year chart of the S&P 500 priced in gold shows a major cyclical peak was hit in late 2021, similar to 1929 and 2000. This inflection point suggests a long-term, decade-plus trend reversal favoring hard assets like gold and Bitcoin over U.S. equities.

While painful for retail investors, significant market downturns serve a crucial function by purging speculative excess and redirecting capital toward higher-quality assets. This consolidation allows for a more sustainable market structure, with wealth built first in Bitcoin before diversifying into riskier assets.

Facing unprecedented government debt, a cycle of money printing and currency devaluation is likely. Investors should follow the lead of central banks, which are buying gold at record rates while holding fewer Treasury bonds, signaling a clear institutional strategy to own hard assets.

Technologies like AI and robotics create massive deflationary pressures. To counteract this, governments will be forced to print more fiat currency, debasing it. This macro environment makes a scarce, decentralized asset like Bitcoin a critical tool for corporations to preserve capital and protect their balance sheets from inflation.

Unlike in 1971 when the U.S. unilaterally left the gold standard, today's rally is driven by foreign central banks losing confidence in the U.S. dollar. They are actively divesting from dollars into gold, indicating a systemic shift in the global monetary order, not just a U.S. policy change.

Profitable companies act as a hedge against currency debasement. They issue long-term debt at low fixed rates, effectively shorting the currency. They then invest the proceeds into productive assets or their own stock, which tend to outperform inflation, benefiting shareholders.

Unlike Bitcoin, which sells off during liquidity crunches, gold is being bid up by sovereign nations. This divergence reflects a strategic shift by central banks away from US Treasuries following the sanctioning of Russia's reserves, viewing gold as the only true safe haven asset.

During episodes of US government dysfunction, such as shutdowns, the dollar tends to weaken against alternative reserve assets. The concurrent strength in gold and Bitcoin provides tangible market validation for the 'dollar debasement' thesis, suggesting investors are actively seeking havens from perceived fiscal mismanagement.

The word "inflation" is a deliberately implanted euphemism that makes monetary debasement sound like positive growth. The reality is that money is depreciating and its purchasing power is being stolen. Reframing it as "monetary depreciation" reveals the true, negative nature of the process and shifts public perception from a necessary evil to outright theft.