US debt crossed $36 trillion. We add $2 trillion every four months. This isn’t policy, it’s necrosis. In 1980, debt/GDP was 39%. Today it is 123%. The Fed can’t print stability, only dilution. Each milestone is a band-aid on a gunshot wound. The currency doesn’t crash; it evaporates via seigniorage. Your savings are being taxed into oblivion while the ledger balloons. Fiat is a countdown, not a system. Wake up before the math becomes physics.

5.30% on 10Y is not a market anomaly. It is the autopsy report for the debt bubble. For a decade, the Fed suppressed this yield to hide the rot. Now that the lid is off, the cost of servicing the national debt spirals toward 100% of revenue. There is no exit. Only inflation to erode the real value of liabilities, or default. Fiat’s terminal decline accelerates. The only asset without a counterparty risk is the one you hold, not the one you are owed.

In 1913, a dollar bought a hamburger. Today, it buys a single onion. The Federal Reserve calls this price stability while the money supply expands at a mathematically impossible rate. They have engineered a currency that erodes your wealth by default. It is not stability; it is a managed decline. Your savings are not assets; they are liabilities waiting to be taxed away by inflation. The only true store of value is the one they cannot print.

In 1913, one dollar could buy a week’s worth of groceries. Today, that same bill struggles to cover a tank of gas. The Federal Reserve labels this 97% erosion of purchasing power as price stability, a bureaucratic euphemism for legal theft. They don’t inflate money; they tax you without your consent. The currency you hold in your pocket is not money, it is a depreciating IOU from a central bank that cannot be held accountable. Your savings are not safe, they are melting ice.

Japan's QT is the final rigor. By tightening supply to save the yen, BOJ spikes JGB yields, choking the debt machine. One major central bank just admitted inflation is real and debt is unsustainable. Fiat isn't breaking; it's being surgically dismantled from the inside out. The currency you trust is a Ponzi scheme waiting for the next deflationary shock to reveal its corpse.