Core Argument - The article argues that returning to a gold standard can lead to significant economic growth, as evidenced by historical precedents in the United States [2][12]. Historical Context - The United States returned to the gold standard in 1879 after abandoning it in 1861, resulting in the greatest era of economic growth in the nation's history during the 1870s and 1880s [2][4]. - The government prepared for this transition by cutting tax rates and reducing spending, which contributed to a thriving economy [4][5]. Economic Formula - The article presents a formula for successfully returning to a gold standard: cut tax rates or eliminate them entirely, which would increase demand for currency and the underlying asset (gold) [5][6]. - Historical examples, such as the 1920s, demonstrate that cutting tax rates while reconnecting currency to gold can lead to legendary economic growth [8][9]. Lessons from the 1930s - The 1930s saw a failure to maintain the gold standard due to high tax rates and the demonetization of gold, leading to the Great Depression [11]. - The article emphasizes the importance of cutting tax rates to maintain a gold standard and avoid economic downturns [11][12].

Economic History - The gold standard before World War I prevented debt inflation [1] - The report highlights changes since the gold standard era [1]

Financial Innovation & Market Transformation - JPMorgan is evolving into a tech stock [1] - Fundstrat highlights the potential rebirth of Wall Street [1] - The end of the gold standard in 1971 led to a boom in financial innovation [1] - Crypto and stablecoins may remove constraints of legacy rails, potentially leading to another boom in financial innovation around 2025 [1]

U_S_ Gold Reserves & Valuation - U_S_ holds 261_5 million ounces of gold, officially valued at $42_22/oz, totaling $11 billion [1] - Market value of U_S_ gold reserves is approximately $867 billion at $3,300/oz, creating an $856 billion shadow reserve [1] - Revaluing gold could strengthen the balance sheet but weaken the dollar [2][4] Potential Impact of Gold Revaluation - Revaluation acts as stealth QE, providing liquidity without printing money [2] - At $5,000/oz, U_S_ gold reserves would equal $1_3 trillion [4] - Government benefits from debt reduction, while savers in dollars and bondholders may face losses [4][6] Obstacles to Revaluation - Political concerns about admitting dollar devaluation and its impact on confidence [5] - Inflationary signals from money printing could send gold and Bitcoin prices soaring [5] - Congressional approval is required for revaluation [5] Market Implications - Gold and Bitcoin holders are likely to benefit from revaluation [6][7] - Dollar weakening and debt shrinking are expected outcomes [7] - Hard assets are favored over paper assets in this scenario [7]

Market Analysis - Discussion on whether the Bitcoin bull market is over [1] Economic Commentary - Critique of a fiat economist's inability to admit being wrong [1] - Analysis of the effects of leaving the gold standard [1]

Economic Impact - Leaving the gold standard has caused significant hardship for a generation of Americans [1]

Monetary Policy & Gold - The US dollar was once backed by gold, but that system ended [1] - Devaluation and lack of confidence in fiat systems historically lead to a return to linking money to gold [1] - Printing money to pay debt leads to a lack of confidence, potentially triggering a relinking to gold [1] - A relinking of gold to money is conceivable, but far in the future [2]