Geopolitical Shocks Versus Debasement

The math of the 2026 economy is reaching a breaking point. Economist and author Saifedean Ammous joins Kitco News Anchor Jeremy Szafron to expose the structural fractures currently paralyzing the global financial system. From the government’s refusal to audit Fort Knox to the "Paper Trap" that prevents physical gold from ever returning as a true medium of exchange, this interview reveals why the rules of the game have fundamentally changed.

Ammous breaks down why the 10-year Treasury yield hitting 4.5% is the ultimate "trigger" for the war machine and why your traditional S&P 500 portfolio is effectively a "melting ice cube" in an era of rapid debasement. We dive into the uncomfortable truth about stablecoins "bailing out" the Federal Reserve and why the banking monopoly has successfully neutralized gold's monetary role for over a century.

Whether you are protecting your wealth with physical metals or institutional Bitcoin, this conversation provides the raw, data-driven roadmap for the monetary endgame.

Recorded March 25 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) 
Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) 
Follow Saifedean Ammous on X: @saifedean (https://x.com/saifedean)

Chapters:
00:00 Monetary Stress Setup 
01:00 Bitcoin Goes Institutional 
02:56 Fed Choices and Hard Money 
05:07 Gold Peg and Fort Knox 
07:08 War Shocks vs Debasement 
13:32 Gold Limits and Bitcoin Edge 
18:24 Paper Gold and Price Discovery 
23:13 Mining Economics and Difficulty 
29:23 Sovereigns and Bitcoin Reserves 
30:36 Nation States Stacking 
31:27 Spendable Reserves Reality 
33:54 Stablecoins Dollar Boost 
37:15 Tether Demand Reality 
39:26 Fiat Money Fuels War 
48:00 War Costs Hit Markets 
49:02 Treasury Yields Warning 
54:19 Sane Hard Money Plan 
58:07 Alternative History Pitch 
59:41 Wrap Up 

#Gold #Bitcoin #Macro #KitcoNews #Finance #Economics #GoldStandard #Investing #FederalReserve #SaifedeanAmmous
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Disclaimer:  
The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Disclaimer:  
The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.