📖 Buy Mickey's Book "The Entropy Trap" HERE: https://amzn.to/49vQ8rr
Executive Summary — Danny (CapitalCosm) Interview with Rob Kientz
Danny and Rob Kientz discuss the accelerating shift away from U.S. Treasuries toward gold, the implications of de-dollarization, the AI infrastructure boom, commodity shortages, inflation risks, and the growing surveillance capabilities tied to the emerging digital economy.
1. Gold Surpasses U.S. Treasuries in Global Reserves (00:01:28 - 00:02:52)
Rob opens with what he considers the biggest macroeconomic development of 2025–2026:
Gold allegedly rose from 20% to 27% of world reserve holdings in one year.
U.S. Treasuries fell from 25% to 22%.
Central banks bought more gold in 2025 than any year in history.
Rob frames this as evidence of:
Deleveraging
De-dollarization
A long-term loss of confidence in fiat currencies
His broader thesis is that the world is preparing for eventual “dollar failure,” with gold increasingly replacing sovereign debt as the preferred reserve asset.
