Swan Bitcoin

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 Special thanks to our sponsor, Swan Bitcoin, the real Bitcoin company, for making this coverage possible 👉 To learn more, get started at https://swan.com/kitco #Gold #Bitcoin #Macro #KitcoNews #Finance #Economics #GoldStandard #Investing #FederalReserve #SaifedeanAmmous __________________________________________________________________ Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US: X: https://x.com/kitconewsnow Instagram: https://www.instagram.com/kitconews Facebook: https://www.facebook.com/KitcoNews LinkedIn: https://www.linkedin.com/company/kitconews Listen to the PODCAST on 🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof 🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233 🎧 All podcast episodes available here → https://kitconews.buzzsprout.com Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights. Live gold price and chart: https://www.kitco.com/charts/gold Live silver price and chart: https://www.kitco.com/charts/silver Live crypto market data: https://www.kitco.com/price/crypto Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising 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.