以下文章来源于九索 ，作者经济小张 九索 . 一页风云散 变幻了时空 问题可能不在你身上，而是因为我们也许正处在从未经历过的经济节点。旧的常识正在一个个失效， 而新规则尚未建立。 宏观经济分析师Lyn Alden在近期的比特币大会上，用非常详实的数据，阐述了我们正站在的分水 岭。她说明了： 为什么经济学理论失效了 为什么美国财政赤字已无"刹车" 为什么民主党或共和党都一样 为什么高稀缺资产能够提供出路 她用的是美国的数据，但这不是纯粹的美国问题。 美元怎么走，美联储怎么决策，黄金为什么涨，都会影响你手里的存款、你买的基金和你未来的生活 成本。 作为有责任、有资产、有未来的人，你可能没时间翻长篇大论的报告，关注指标的走势，但用几分钟 的时间，也可以看清现实，提前准备。 一、财政赤字扩张失控 几十年来，美国的财政赤字走势基本与经济周期同步。 本文来自微信公众号： 九索 ，作者：经济小张，原文标题：《6张图，看清我们身处的经济拐点： 写给资产在涨跌之间的你》，题图来自：AI生成 疫情之后，我们正在穿越一段经济迷雾，不知道这个世界到底怎么了。 每当经济陷入衰退，失业率上升，政府加大支出，赤字扩大，托底社会和市场。而当 ...

Group 1 - The article discusses the current economic uncertainty and the failure of traditional economic theories, indicating that the U.S. is at a critical juncture where old rules no longer apply and new ones have yet to be established [2][3][12] - It highlights the unprecedented expansion of the U.S. fiscal deficit, which has reached 7% of GDP despite low unemployment rates, marking a departure from historical economic patterns [9][10][11] - The article emphasizes the impact of the fiscal deficit on asset prices, particularly high-scarcity assets like gold and Bitcoin, which have shown resilience despite rising real interest rates [16][17][18] Group 2 - The article outlines the shift from a market-driven economy to a fiscal-driven credit system, where government debt growth surpasses private sector borrowing, fundamentally altering the credit landscape [24][29][30] - It points out that the Federal Reserve's traditional tools for controlling inflation and credit expansion are becoming ineffective due to the high level of government debt relative to GDP [31][32][34] - The article discusses the structural issues preventing a reversal of the current fiscal trajectory, including the increasing burden of interest payments on government spending, which is projected to grow significantly [42][46][48] Group 3 - The article addresses the demographic changes in the U.S., particularly the retirement of the "baby boomer" generation, which is expected to deplete the Social Security Trust Fund and further exacerbate fiscal deficits [49][55][60] - It highlights the systemic nature of the U.S. debt, indicating that the financial system is designed to allow for continuous debt accumulation without a mechanism for reduction [63][68][72] - The article concludes that high-scarcity assets provide a potential solution to navigate the ongoing fiscal challenges, as they operate outside the traditional debt-driven economic framework [75][80]