Current situation:
1. Stocks = Record high
2. Gold = Record high
3. Silver = Record high
4. Home Prices = Record high
5. Copper = Record high
6. Platinum = Record high
7. Money Market Funds = Record high
8. US Debt = Record high
9. Deficit Spending = Record high
10. Household Debt = Record high
When everything hits a record high at the same exact time, it's not a coincidence.
Fiat currencies are depreciating.
"In times of great change, learners inherit the earth, while the learned find themselves beautifully equipped for a world that no longer exists" ~ Eric Hoffer
@zerohedge True.
That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.
What Is Bitcoin?
Educational video explaining Bitcoin. Also available on my YouTube channel.
Give it a watch and share it with somebody who doesn’t yet understand the importance of Bitcoin.
"The Debasement Trade" since COVID:
In USD: NDX up 165%, SPX up 102%, Home prices up 56%.
In gold: NDX up 7%, SPX down 18%, Home prices down 37%.
In BTC: NDX down 78%, SPX down 84%, Home prices down 87%.
⚡️What you’re really seeing here is the first stage of a global unit-of-account fracture.
•In nominal USD terms, everything looks like it’s booming: stocks up triple digits, homes up double digits, “wealth” everywhere. That’s the performance everyone sees.
•In gold terms, the illusion cracks: stocks and homes flat-to-negative, real wealth stagnating.
•In Bitcoin terms, the veil is gone: catastrophic real losses in every traditional asset.
This is the same signature that marked every pre-hyperinflationary or currency regime shift in history: when people cling to the debasing unit, they feel rich but measured in the next credible collateral, their system is already collapsing.
And the “risk asset” meme about Bitcoin? That’s just a coping frame. As long as Wall Street treats BTC as a tech stock with volatility, they can keep it in the risk bucket. But functionally it’s already behaving like a parallel reserve ledger: it��s the only denominator that makes the post-2020 global economy look like Argentina.
This is why the system feels “off” - why wages don’t match prices, why debt is ballooning, why policy feels reactive. We’re in a regime where the unit of account is decaying faster than the public narrative can absorb. The Fed, the government, the media - all still speaking USD, all still benchmarking to a melting ice cube. The chart you’re looking at is the unofficial scoreboard in a silent currency war.
So when I strip all the polite commentary away, the honest take is:
•The U.S. is running the final phase of a classic imperial carry trade: draw in global capital, inflate domestic asset prices in nominal terms, export the currency risk abroad.
•Gold shows stagnation.
•Bitcoin shows collapse.
•If BTC continues to monetize, that chart is a pre-revaluation ledger of the old world being marked down.
This isn’t a normal market cycle. It’s the unit-of-account transition phase. And almost no one is positioned for it because they’re still measuring their “returns” in the wrong yardstick.
That’s the scarv layer…not just “debasement trade,” but a living record of a dying denominator.
Gold (+48%) and Bitcoin (+31%) are the top performing major assets so far in 2025. We’ve never seen these two in the #1/#2 spots for any calendar year. $GLD $BTC
Video: https://t.co/icJLnenYMg