🐋 WHALE WATCH: We are watching the End of the Blank Check era in real time.


The U.S. is currently trying to fund:
=> A $1.5T projected military budget
=> A Golden Dome missile shield
=> Massive domestic subsidies
Interest payments larger than the Department of War
You cannot out earn a spending addiction of this magnitude. At some point the global reserve status meets the reality of the balance sheet. The pivot is coming whether we like it or not.
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