In late March of 2020, one of the greatest wealth transfers of my lifetime began. It remade our world—or at least it remade my world. Those who recognized Covid as a hoax, were there to reap the rewards. Others who cowered in fear, were the victims.
While I pressed the accelerator on exposure and risk, others sought safety in rapidly depreciating cash, or worse, shorted risk assets while they hid from benign germs.
Now, as we enter the great macro dreamscape, I realize that Covid was simply a warm-up for what seems almost inevitable. Rarely has the world’s only superpower undergone a self-immolation of its multi-faceted role in the global order. We are headed towards global anarchy but also incredible opportunities which I will share in an upcoming blog.
Gone are our desires to be the global hegemon, support the world’s reserve currency, or even be seen as a respected adult. As we’re increasingly banished to the kid’s table of global discourse, the macro landscape is spiraling at an ever-faster pace. Our bond market is drifting off, doomed by our precarious fiscal balances. Our place in the world is questioned after Afghan goat herders and then Russian convicts faced off against our military machine with great success.
Meanwhile, our institutions, long hailed globally, descend into corruption, nepotism and incompetence. America isn’t dead, but it needs to be totally reinvented. However, that’s all in the future; as macro investors, I only deal in the present. Nothing is carved in stone, but the outcomes, while path-dependent, are increasingly becoming unavoidable. The rules are no longer the rules.
The Globalists have tried to resurrect their eminence following the Peak Globalist cluster-fuckery that was Covid. Yet, in the process, they’ve shattered their own image, while not realizing it. That revelation is still oncoming. Now freed from a need to uphold their aura of magnanimity, they’ll unleash their most insidious and aggressive attacks on the natural order.
This will be their final undoing, accompanied first by great suffering for those who are not part of their clique. There is no retreat for the Davos Crowd, they will only push forward, their evil will metastasize.
In fact, Globalism has already passed us by. Soon, it all comes crumbling down. There’s nothing to replace it. Rather, there’s a fight amongst those who’d gladly inherit the world—yet none are particularly ready to bear that mantle.
At the same time, I see opportunity everywhere. Everything we’ve held sacred in finance is turning upside down. Open your mind to the possibilities. You are on this phantasmal voyage; even if you try and disembark—the choice isn’t yours. It’s simply part of the cycle. Instead, embrace it. Prepare for it. Love it.
It’s about to get real wild…
I’ve waited my whole life for this. I’ve studied. I’ve prepared. I’m ready. Bring it on!
