2012
usd supply ~10t
us debt ~16t
2025
usd supply ~22t
us debt ~38t
ppl are nervous cos everywhere is overleveraged and 17% of us tax revenue now goes into interest payments, projected 18.4% for 2025
(i had to do a quick double check

. my last memories was ard 9-10%. 2024 was ~13%. this year increased by 34%)
yes the excess money is also flowing into gold, but comparing spx vs gold it's currently at 75th percentile of historical, ~0.67 standard deviation
more importantly is our current world geopolitics and economics. all this "wealth" is backed by nothing. at least last time there is us military, oil, real tech innovations. now it's just ai promises, inflation and speculation
other countries know this and so are moving away from usd