Fiat debasement → “the biggest run in history”
Playing out“presidents and governments print, fiat currencies start to stint. risk assets and institutions join, to form a behemoth, well coined.”— 2024-06-15
“institutions accumulating in silence, while fiat currency collapsing gearing for the biggest run historical. current markets depressed.”— 2024-06-30
“govt debt exploding. living standard collapsing. yet… fastest millionaires/billionaires increasing? transfer is happening. in a rigged game. position well.”— 2024-05-01
Today: Record sovereign debt, the liquidity/rate-cut turn, and the “debasement trade” (gold + BTC as the escape valve) have been the dominant macro story since. His 2024 framing reads like a description of the 2025–26 tape.