Hello, Subscribers!
Consider every major topic covered in the news over the past month. Military spending, government “aid” programs, diplomatic ties, misguided economic strangulation climate “accords”, the federal labor force, energy policies, social priorities, and Danish landholdings — all of it is in flux, and all at the behest of our 47th President and our First DOGE Czar.
“Move quickly and break things” was a Silicon Valley mantra for 20 years or so; “Never, ever stop moving and overturn everything that has ever existed” has been the White House mantra for about 20 minutes, but with significant consequences. Whether we say it aloud or not, everyone is just waiting for the moment when we learn that The Art of the Deal is required reading for high school students and new American citizens, our orbiting lunar mass will now be known as Moon-a-Lago, and every president depicted on Mount Rushmore will soon sport a scaled-up MAGA hat… and a red tie.
Accompanying the zaniness alluded to above is a grand movement of seemingly indiscriminate illumination wherein all manner of government spending habits, economic policies, and international trade practices are being revealed, warts and all, for the American populace to gaze upon… often enough, in horror. The result of such unbridled transparency is a sweeping and collective sense that now is the time for a meaningful overhaul of various systems that have been either failing to enhance or indirectly sabotaging American prosperity.
What you’ll gather from today’s guest Haymaker, courtesy of Vincent Deluard (VDL), is that, at the intersection of these revelations and the revolutionary impulses they are propping up are the dollar, gold, and, apparently, bitcoin. But mostly the U.S. dollar and gold, we’d think. As VDL observes in his piece, “Time will bring more clarity, but it is already obvious that the new administration wants to lower the US dollar, revalue gold, reduce US payments on Treasuries held abroad, and re-negotiate its international military obligations.”
Of those four items, it’s a revaluing of gold that could end up being most consequential for the American economy, perhaps even the world economy, in years to come (though we certainly favor a careful and ongoing audit of our overseas defense costs). A shift away from bubble-nomics and towards healthy, commodity/value-based monetary policy seems consistent with the spirit of this political moment. Much of what we’ve been dealing with as citizens and voters for years on end has seemed intractable by way of sheer mass; now, it’s clear that everything is on the table and… well, we’re getting of ourselves. We turn you over to VDL, who dissects the math, the politics, and the loftier economics underlying a potential re-centering of gold in American currency policy.
Enjoy!
The Haymaker Team
Vincent Deluard
Notre Dame’s gold cross shone bright after the 2019 fire. Christians viewed this shining cross as a symbol of the resilience of the Spirit against hardships. Scientists saw it as an illustration of gold’s high melting point – 1,064 degrees Celsius.