WEBVTT

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I'm Luke Gromen. This is one system, and it's breaking.

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Entitlements and interest already exceed tax receipts. Nobody can cut that.

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China and East Asia stopped recycling surpluses into our Treasuries.

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China's money is going into gold instead.

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Oil and copper shocks keep inflation and yields up.

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A I borrowing is crowding out the whole bond market.

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Higher yields. Higher interest. Bigger deficits. More debt. Wash, rinse, repeat.

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Forced selling. The Treasury market collapses. The collateral breaks.

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The Fed and Treasury print. They have no choice.

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The dollar is devalued against gold. Hard assets soar.

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Bondholders are inflated away. Crushed. That is a mathematical certainty.