The Great Derivative: How Debt Drives Everything—From Gold to the Dollar, Stocks, and Inflation
“Keep it simple, stupid: we’re in debt. Everything else—tariffs, earnings, rate hikes—is just noise.” — Matthew Piepenburg Now I ain’t no fancy economist with a necktie tighter than common sense, but I can tell you this: when your house is on fire, you don’t blame the thermometer for reading hot. So pull up a chair, grab a cup of reality, and let’s talk about what’s really going on. The folks in high places—central bankers, treasury secretaries, and every talking head on television—have been feedin’ us a steady diet of distractions. Tariffs, interest rates, and “soft landings” are the buzzwords … Continue readingThe Great Derivative: How Debt Drives Everything—From Gold to the Dollar, Stocks, and Inflation