The Debasement Trade
Betting on the End of Sound Money
For fifteen years, investors have been running the same playbook, the Debasement Trade. Governments spend, central banks print, deficits widen, and assets inflate. Stocks, property, and Bitcoin all thrive on the same narcotic: the relentless erosion of fiat. But like every addiction, it comes with diminishing highs and catastrophic withdrawal. We’re now…


