Michael Burry — the investor who predicted the 2008 crisis (The Big Short) — made over $700 million betting against the housing market.

He said:

“When interest payments exceed tax revenue, your country officially becomes a Ponzi scheme.”

This means the government is no longer paying its debt with real tax revenue, but borrowing or printing money just to stay afloat.

That’s fiscal dominance — when debt is so large that the central bank can’t keep raising rates without breaking the system.

Today, interest payments are the number one expense in many countries, including the United States, surpassing even defense and healthcare.

Since 2022, even as real rates went up, Bitcoin and gold decoupled from rate dynamics.

The market understood that interest rates no longer reflect real economic strength — just an attempt to keep an overleveraged system alive.

📊 In that period:

• Bitcoin rose from $20,000 to over $125,000.

• Gold climbed from $1,600 to around $4,000.

It’s no longer about fiat yield, but trust in the currency itself.

That’s why investors are moving into assets that can’t be printed — like BTC and gold — to protect real value.

Anyways here’s Trump holding some Argentinian pesos after investing 20 billions in the ARS shitcoin.