The chances are growing that our fiscal policy (spending) simply cannot be restrained by anyone or anything, and that creditors are going to realize this–and begin to price it into assets–that is starting now. Bitcoin and gold is REAL catastrophe insurance. The Exhibit 15 chart shows that the top ten stocks in the index make up nearly 40% of its total market value (and generate around 30% of its total earnings). Yet despite the all-time highs, only 5% of the index constituents are at all-time highs.