The U.S. is running fiscal deficits over 7% of GDP. Interest payments are outpacing tax revenue. Bitcoin recently crossed $120,000. Gold is holding above $3,300. And now, Lyn Alden warns: this system wasn’t broken – it was designed this way.
In this Kitco News interview, Lyn Alden joins Jeremy Szafron to explain why U.S. deficits are structurally entrenched, how tariffs could accelerate the monetary breakdown, and why decentralized alternatives – from Bitcoin to stablecoins – are absorbing capital. Alden also breaks down the stealth CBDC risk in pending crypto legislation, the role of Tether in financing U.S. debt, and what this all means for portfolio strategy going forward.
Alden says fiscal dominance – not Fed policy – is now steering the macro environment, and warns that the bond bull market may be over for good.
Key Topics:
-Structural U.S. deficits and interest expense spiral
-Tariff-driven inflation and distorted CPI/PPI data
-Is the Fed boxed in? Fiscal dominance and rate credibility
-Stealth CBDC threats hidden in stablecoin regulation
-Tether’s $84B in Treasuries: Liquidity help or hidden fragility?
-Bitcoin vs. gold: macro hedge strategy
-M2 correlation, ETF risk, and treasury-level ETH adoption
-How to build a portfolio for a debt-driven future
Follow Jeremy Szafron on X: @JeremySzafron (
Follow Kitco News on X: @KitcoNewsNOW (
Follow Lyn Alden on X: @LynAldenContact (
00:00 Introduction
01:08 Fiscal Dominance and Economic Shifts
03:06 Inflation and Tariff Impacts
06:48 Federal Reserve and Interest Rates
11:33 Investment Strategies in a Changing Market
13:45 Bitcoin vs. Gold: A Comparative Analysis
18:10 Stablecoins and Global Market Implications
19:55 Stablecoins and Dollar Dominance
22:28 Legislation and Regulatory Challenges
25:23 Bitcoin’s Role in Financial Privacy
28:23 Custodial Concentration and Market Risks
30:15 Corporate Treasury and Crypto Adoption
32:03 Gold vs. Bitcoin: Investment Strategies
35:21 Macro Trends and Fiscal Deficits
37:56 Conclusion
#LynAlden #Bitcoin #Gold #Stablecoins #CBDC #Inflation #DebtCrisis #FiscalDominance #KitcoNews #CryptoRegulation #Tether #InterestRates #PortfolioStrategy #MonetaryPolicy #Tariffs #M2Liquidity
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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.
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30 Comments
Lyn Alden says the U.S. is in a designed debt spiral and that tariffs could be the final accelerant. Do you agree with her thesis – or is the system more resilient than we think? Let us know your take.
Good luck
Crazy, go to the grocery stores, auto repairs services, try buying a real estate and new automobile.
US trying to max out its credit card before it goes bankrupt? LOL
I absolutely LOVE Lyn! She is the best fo the best and I am so proud of her and her career! Keep it up!
Do Tariffs even matter when we still use the export/import bank that cuts deals?
Where was there a thing about the debt spiral being intentional?
Excellent interview!
Excellent interview
Great stuff from Lynn Alden as always.
The approximate $36 trillion government debt is a $36 trillion tax on unearned income, so practically all said in the video is irrelevant to reality and when those trillions are managed in financial economies relatively tax free it is no surprise that America's towns and cities have homeless zones that are growing showing how financial economies are creating social catastrophes across the nation in how they price commodities including energy, food, water, housing, medical care, and the necessary social services, all constitutional entitlements Americans are guaranteed by equal protection of the law entitlement but now so many no longer receive. When the $36 trillion unpaid taxes financial economy can lend it all back to those that borrowed it as new money and has monopoly control of commodities it is acting unlawfully so a return to constitutional government and the rule of law that societal breakdown from inflation, climate change, homelessness, and poverty now happening may force politically should inspire addressing. Making consumers poorer and collectively deeper in debt by design annually and planning a 500 ppm CO2 atmosphere that will desertificate a large part if not all of America's agriculture land and make it reliant on food imports from a much-reduced global production total, because of desertification too, has no prosperous end in sight.
I have a hard time believing with Lynn Alden's voice that she is a female. I seriously doubt it.
I am a fan of tokenized gold. Problem is, the entire US economy would have to be restructured
A significant amount of the inflation in the US has gone into assets, particularly real estate and the stock market. Tariffs wont have that effect. Tariffs will push up the prices of consumer goods, making it even tougher on lower income people, young people, and elderly people on fixed incomes.
I like Lyn's analyst but fun fact….she's actually an engineer and not an economist.
The tarriff plan will evidently lead to high inflation, the high inflation is a significant reason why most retirees have sleepless nights. The increase in prices of everyday items puts them at risk of running out of money. As prices rise, the amount of money retirees can withdraw from their retirement savings also increases.
Bitcoin is a distraction. When cbdc’s are live, bitcoin will be banned
OMG DO YOU HAVE TDS ALSO ??? Tariffs are the best thing ever.
Excellent. Thank you, Lyn — and Jeremy.
This is real news!
So much better than MSM
Tariffs bring money inn, but have a large dark side. People cant afford higher prices and will buy less. Because of this production will fall around the world. Millions can loose their jobs and cant pay their loans. If you add the american Dodge politics on top of this where maybe as many as 1 million Americans will loose their jobs, this together can ruin the banks, and pop the debt bubble. It will be interesting to se how this will play out. Else, Lynn Alden are the most interesting economical expert to listen to on Yo tube. There you get straight answers to your questions without any bullshit.
Fun fact: 😅Never trust a man posing as a woman.
Trump and his hedge fund manager advisors are using the Tariff threat to manipulate the stock market for themselves and their friends. Lyn Can’t say that either She won’t be allowed on the platforms anymore. I do appreciate her doing as much as she can to help people. The fascist media system
Lyn is brilliant and I have much respect for her. She can’t say the quiet part out loud. The FED IMF WB ECB MIC are all working hand-in-hand. Their problem is they no longer control the world monetary system they’re being bypassed. More and more all the time they’re becoming less than less relevant and they can’t stop it.
This one is pretty good
Nice "girl"
Lyn!
I'm a fan
Of course this is intentional. The entire world is on the same path, made the same "mistakes" and will suffer the same consequences. NONE of this is be accident or mistakes by idiots. The idiots that are in charge are simply following orders, including Trump! It is all to get to CDBCs, merging countries into regioanl governance zones with ultimate power in Europe.
Thanks
Of course it is 🙌