Money printing is analogous to alcoholism, offering short-term benefits but leading to long-term consequences that worsen over time, requiring progressively more printing to achieve the same effects, as noted by Milton Friedman.
The inflationary age that began in 2020 is worsening and will continue, with those who protect themselves financially being better off than those who ignore the problem.
The inflation chart in the book shows a hockey stick increase after the U.S. abandoned the gold standard in 1971, which the author describes as “galactically stupid“.
Inflation, caused by printing money, destroys the middle class by widening the wealth gap between the rich, who can game the system, and the poor, who depend on dollars to hold their value.
The Federal Reserve has effectively bought the economics profession, paying monetary scholars to not criticize fiat currency, creating a protection racket that suppresses alternative economic theories like Austrian economics.
The central banking system is a primary driver of wealth inequality, as the rich can borrow at lower rates and benefit from money printing, while the poor face high interest rates and are left behind.
Bitcoin’s fixed supply and mathematical certainty eliminate the manipulation and dishonesty of fiat money, providing a unique and powerful solution to the problem of unsound money.
Bitcoin’s decentralized ledger technology enables triple-entry accounting, making it a superior, verifiable form of money compared to gold, which is subject to manipulation and debasement.
Bitcoin’s multi-institution custody with segregated cold storage and multi-key vaults guarded by three independent custodians provides unparalleled security, fault tolerance, and redundancy for Bitcoin holdings.
Sovereign nations like El Salvador, Bhutan, Saudi Arabia, UAE, and Oman are stacking Bitcoin as a superior reserve asset, competing for it, which could drive its price orders of magnitude higher in the future compared to gold.
Hyperbitcoinization could occur within the next 5-10 years, with Bitcoin becoming the dominant form of money, but it may also bring societal instability and economic challenges.
The Strategic Bitcoin Reserve, a sovereign wealth fund, is a foregone conclusion despite political corruption and shitcoins trying to attach themselves to it, as Michael Saylor suggests.
Since 9/11, the US has wasted $8 trillion on Middle East wars, with Iraq now producing oil for China, and Afghanistan’s takeover resulting in little benefit for the US, despite Haliburton and war contractors profiting immensely.
Wars are financed by printing money and inflating currency, as taxing the population at 100% would cause a revolution; this connection between war and money printing is often dismissed, despite being straightforward.
Metcalfe’s Law states the value of a network grows at the square of its user growth, leading to incredibly valuable networking businesses like Google, Amazon, and Facebook that break traditional investing models.
Bitcoin mining offers a more consistent accumulation strategy than dollar-cost averaging, with Blockware Solutions providing a service that handles everything from securing miners to sourcing low-cost power.
The paper gold market is vulnerable to a critical state event, with a potential 100:1 leverage on physical gold, which could lead to a rapid price increase if the system collapses.
Bitcoin’s debasement rate is currently 8% per year, but it will be halved every four years, making it sounder than gold, which is only being debased at 1.7% per year.
Honest money is essential for human cooperation; if money is manipulated, trust is lost, leading to dishonesty in politics and morals, according to fund manager Tod Deon.
Sound money, like a gold standard, is a moral issue that protects people’s savings from debasement, according to Judy Shelton, a sound money advocate and scholar.
“The Big Print” emphasizes the importance of experiences over material possessions, urging readers to prioritize memorable moments with loved ones, as these cherished memories become the true wealth one values later in life.
BRICS nations plan to launch a 40% gold-backed settlement token called “Unit” to restore confidence in the dollar-based system, potentially challenging US dollar supremacy.
China’s aggressive gold accumulation aims to challenge US dollar hegemony, with the country buying gold concentrate from South America and allowing the People’s Liberation Army to purchase gold without reporting to the IMF.
Since 2017, numerous countries have repatriated 1,500 metric tons of gold from the New York Fed and Bank of England, signaling a shift in global gold holdings.
US Treasury Secretary plans to monetize US gold reserves within 12 months, potentially adding hundreds of billions to the US balance sheet by revaluing gold from $42/oz to $2,900/oz.
Revaluing gold to $10,000-24,000/oz could provide the US Treasury with $6-12 trillion to reduce debt and inspire confidence, as suggested by financial experts.
On July 4, 2026, the 250th anniversary of the US, gold-backed treasuries may be issued, Fort Knox audited, and gold revalued to a much higher level.
The London Bullion Market Association reports 10 times more trades than available float, with 90% being naked paper contracts, potentially leading to delivery failures.
JP Morgan and BlackRock control SLV/GLD ETFs, allowing insiders to redeem shares for physical metal before potential market changes.
The Bank for International Settlements reclassified gold as a Tier 1 reserve asset in 2019, suggesting central banks anticipated a coming gold revaluation.
Central banks are front-running gold accumulation and repatriation, a massive contrarian indicator, as gold is the only tier-one asset they can’t acquire fast enough.
Gold has outpaced every traditional investment over the past 25 years, averaging 99.9% annual returns and up 900%, according to legendary investor Rick Rule.
Gold has retained purchasing power for 5,000 years through wars, hyperinflation, and pandemics, outperforming the S&P 500 with dividends reinvested and 10-year treasuries by double over the past 25 years.
The Trump Administration is expected to submit a balanced federal budget in the first year, potentially reducing government spending, easing pressure on the Treasury, and helping the trade deficit.
Velocity of money has been falling since Q4 2023, indicating increased savings and decreased spending, which may reduce inflation levels.
The US manufacturing sector has been gutted for the past half century due to an overvalued dollar, making it difficult to compete on wages and production costs.
The Trump Administration is anticipated to pull out of NATO and end US funding of other countries, potentially allowing the US to restore its manufacturing base.
Gold and silver markets are expected to be very strong in coming years due to uncertainty and chaos caused by Trump Administration policies and the breakdown of the neoliberal order.
The inflation rate has been falling since Biden’s inauguration, with the current rate at 2.1%, nearing target levels and suggesting the worst of inflation may be over.
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