This is a follow-up to The Cold War Collapse: Why the Fourth Turning Ends With Capital, Not War.The Cold War Collapse argued that the Fourth Turning would not end in war but in the destruction of capital. That argument did not emerge from thin air. It is the logical conclusion of a sequence that has been unfolding since 2016. 2016: The Constructive ThesisAs commodities and wages bottomed together for the first time since the financial crisis, there was a genuine possibility of healthy normalization. If ...

RT Handre van Heerden (@Handrev)Rothbard understood what most economists ignore: money isn't neutral. Every dollar printed first benefits those closest to the money printer - banks, governments, and their cronies - while diluting the purchasing power of everyone else's savings.This is the Cantillon effect in action: a systematic theft mechanism disguised as monetary policy. Bitcoin represents the first truly neutral money in human history, eliminating this insider privilege entirely.No central bank can prin ...

RT Handre van Heerden (@Handrev)Rothbard understood what most economists ignore: money isn't neutral. Every dollar printed first benefits those closest to the money printer - banks, governments, and their cronies - while diluting the purchasing power of everyone else's savings.This is the Cantillon effect in action: a systematic theft mechanism disguised as monetary policy. Bitcoin represents the first truly neutral money in human history, eliminating this insider privilege entirely.No central bank can prin ...

Market Overview - Bitcoin (BTC) has experienced a decline, dropping to $86,000 from a weekend high of around $88,000, while the CoinDesk 20 Index (CD20) fell to 2,758 points from 2,816 [1][2] Investor Sentiment - BTC is on a four-week losing streak, primarily due to institutional capitulation, leading to diminished investor confidence and making a quick recovery to $100,000 unlikely [2] - Analysts are cautious, with many avoiding clear directional views on the market [2] Short-term Outlook - A potential rebound is anticipated; however, if BTC falls below the $80,000 level, the likelihood of facing a more challenging period increases significantly [3] Macro Economic Factors - The possibility of a December interest-rate cut in the U.S. has emerged, with a 75% chance assigned by traders following dovish remarks from Federal Reserve officials [4] - Upcoming U.S. economic data releases, including producer price index, retail sales, GDP, and PCE, could influence these odds if they indicate cooling inflation and slower growth [4][5] Investment Strategy Shift - The current economic environment is characterized by "fiscal dominance/state capitalism," where governments are taking the lead in managing debt-to-GDP ratios, contrasting with the previous Fed-dominant era [6][7] - Investors are advised to reconsider their reliance on Fed-driven market booms, as the focus has shifted towards assets benefiting from fiscal spending and those with store-of-value appeal [7]