Devin Baker
@devinbaker.eth
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Sound money is why the United States of America exists today.
Had 18th-century Britain run a fiat monetary system, we likely wouldn't be here.
Because its money was backed by gold, Britain had to tax its colonies to fund its imperial largesse.
That overt burden sparked a revolution - and ended in the United States of America.
Fiat would have allowed a more sinister, diffuse, and invisible tool of control: money-printing. Power imposed with a whisper instead of a shout. No shout, no revolution.
Hard money forced undeniable actions that provoked our natural check on power, and inspired a courageous stand for liberty and sovereignty - and gave us our country.
The ultimate irony? That same America would later lead the world away from sound money and into fiat, undermining this natural check on power that birthed it.
That sinister, diffuse, invisible imposition has been inflicted on us for decades.
The good news?
A generational revolution is gaining steam.
We're on our way back - to newer, better forms of sound money, and to even deeper liberty and sovereignty.
The better news?
These sounder assets will bring wealth to those who own them.
The best news?
We don't even have to go to war for them.
All we have to do is choose. 0 reply
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Paradigm shift: from austerity to acceleration
From austerity...
In the early days of the administration, Scott Bessent was on the record saying he was focused squarely on getting the 10-year yield down.
Their priority was clear - lower borrowing costs for the mounting US debt, most pressingly for the ~$10T (trillion, with a “t”) to be issued throughout 2025.
The mechanism they chose to do so?
Tariffs + increased government efficiency.
Re-balance global trade imbalances. Re-onshore manufacturing. Spark a boom for main street. Cut “waste, fraud, and abuse.” Lower yields along the way.
It was “Main Street’s turn.”
...to acceleration
Initially, yields did the administration’s bidding, with the 10-year dropping below 4.0%.
But then, they rebounded sharply, rising to ~4.5%, where the administration started pivoting. 1 reply
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