🟢 [E9104] Gromen claims 'the US already lost WW3 — the war was economic, and by the time the US realized it was in one, it was too late.' This frames the fiscal crisis as a geopolitical defeat, with the US debt position at 120% of GDP representing a loss of economic sovereignty and hegemonic capacity.

🟢 [E9097] Gromen argues structural USD debasement is the only viable policy path to maintain system stability given US fiscal math at 120% debt-to-GDP. Controlled dollar weakness is needed to inflate away debt burdens, with Wall Street elites positioning accordingly through Bitcoin ETFs and gold custody shifts.

🟢 [E9096] Government wage growth at 35-year highs running 2-3x higher than 10-year Treasury yields makes long-duration Treasuries structurally unattractive. Gromen states 'it seems unwise to own a 10y UST that yields far less than the y/y growth rate in the wages of US government workers,' drawing parallels to 1970s conditions.

🟢 [E9095] Core services CPI annualizing at 10.67% while the Treasury market and economy began breaking down as 10Y UST yields neared 5% last fall creates an impossible policy environment. The Fed cannot raise rates without triggering market dysfunction nor cut without fueling inflation. US debt at 120% of GDP makes this structurally unsustainable.

🟢 [E9101] Core services inflation annualizing at 10.67% while the system cannot tolerate yields above 5% demonstrates the inflation/deflation barbell in action. The Fed is trapped between inflationary rate cuts and deflationary rate hikes, with the only resolution being asset inflation as a deliberate policy tool to generate tax receipts supporting the Treasury market.

💬 [E9103] Gromen argues US policymakers are 'euthanizing free market price discovery in stocks and active fund management firms' to finance fiscal deficits. Passive investing crossing 50% represents the 'Sovietization' of markets, requiring ever-higher asset prices to generate tax receipts, which paradoxically supports SPX despite fiscal dysfunction.

💬 [E9106] Gromen identifies an 'energy productivity miracle' as one of the few counter-thesis risks that could fundamentally alter fiscal dynamics and break the debasement thesis. Industrial stocks are recommended alongside gold and Bitcoin, implying energy and commodity-linked equities benefit from the inflationary fiscal environment.

🟢 [E9098] JPM became the second custodian on GLD and moved half the gold to their vaults, interpreted by Gromen as institutional preparation for currency debasement. Gold is favored as a beneficiary of USD debasement and has outperformed Treasury bonds consistently since the fiscal crisis began accelerating in 2014.

🟢 [E9102] Gromen argues the Fed is trapped and will be forced into liquidity injections as the only viable policy response. With the system showing stress at 5% 10Y yields and core inflation near 11%, additional core services prints above 5% would force Yield Curve Control consideration, representing a major liquidity regime shift.

🔴 [E9100] Rather than viewing Bitcoin ETFs as suppressive, Gromen frames the urgent approval of Bitcoin ETFs as Wall Street elite positioning for currency debasement, suggesting institutional adoption is accelerating as a hedge against the US fiscal crisis and structural dollar weakness.

🔴 [E9099] Gromen views Bitcoin as a key beneficiary of the US fiscal crisis and USD debasement cycle, noting Bitcoin ETFs were 'urgently approved' as part of Wall Street's institutional preparation for currency debasement. Bitcoin is recommended alongside gold and industrials as outperformers in this environment.

🟢 [E9105] Gromen draws explicit parallels between current conditions (government wage growth at 35-year highs, core services inflation near 11%, Treasury yields structurally constrained) and the 1970s inflationary regime. Gold, Bitcoin, and industrial stocks have outperformed Treasuries consistently since fiscal crisis acceleration began in 2014, marking a structural regime shift.