In a world of fiscal dominance, bonds are essentially worthless because after 40 years of debt manipulation, demographic decline of buyers, and forced mandated buyers (insurance, endowments), capital must move out the risk spectrum to find yield — driving flows into high-yield/junk bonds (HYG at new highs), Bitcoin/MSTR yield products, and increasingly ETH as the 'Mike Milken yield' of this generation.

causalpending

Speaker

Tyler

Evidence Quote

everyone's figuring out bonds are are worthless in a world ruled by fiscal dominance

Source

The Great Ponzi-fication Of Markets | Weekly RoundupForward Guidance
Created: 6/18/2026, 2:32:33 PM

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