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The Breakdown
‘As Toppy as It Gets’: Metals, Bitcoin and Fiat’s Race to the Bottom, Feat. Tavi Costa
The Crescat Capital portfolio manager gives his take on the flashing macro warning signals and why it is an explosive moment for gold, silver and (potentially) bitcoin.

How Monetary Policy Undermined American Resilience
A legacy of artificially low interest rates is not just the death of savings, but a forced buying into the perpetual growth machine of financial asset prices.

‘Absolute Raging Mania’: Famed Investor Druckenmiller Thinks 10% Inflation Is Possible
The Hedge Fund legend says in a new interview the Federal Reserve’s policies have created a massive asset bubble while making both inflation and deflation more likely.

Why Bitcoin Investors Aren’t Worried About This Price Pullback
Critiques of correlation between bitcoin and equities miss the fact that bitcoin adoption within traditional markets has been driven by a fiat collapse concern.

Sorry, Governments, We’re Entering the Era of Private Money
Whether the U.S. government likes it or not, the world is demanding crypto-dollars and the private market is ready to supply them.

A Practical Utopian’s Guide to the Coming Collapse
A reading on revolutions from the late great David Graeber.

Is Tesla a Stock for Suckers?
The markets kicked off the week with a 5-1 Tesla stock split rally and ended with major questions about tech company valuations.

8 Historical Analogies That Help Explain the Madness of 2020
From the U.S. presidential elections of 1896 to the dot-com bubble to housing markets in 2006, these historical moments help us make sense of a truly WTF year.

DeFi Degens Are Crypto’s Suicide Squad
A look at the subculture and ethos driving the white-hot DeFi space, which has grown from $2 billion to $9 billion in total value locked in just two months.

Let Them Eat Equities! The Economic Chickens Come Home to Roost, Feat. Luke Gromen
One of the best-known macro analysts breaks down last week’s Jerome Powell speech and whether it truly represents a new policy era for the Federal Reserve.
