The global economic reordering is upon us. Tariffs will be a footnote when things are all said and done.
Ray Dalio took to X this afternoon to echo what we said here last week; despite the amount of attention they are receiving, tariffs are only a part of the story right now. And a small part at that. A tactical move being used to signal earnest understanding by the Trump administration that they understand the world is moving toward a new monetary order and they intend to make sure the United States lands on its feet when all is said and done.
If you haven't already, I recommend you go read Ray's thoughts when you get the chance. He is in agreement that the grand economic reordering is upon us and people should position themselves accordingly. The political order is breaking down globally and domestically; globalism is on the way out and international cooperation is fracturing alongside the a level of bi-partisan politics needed to make sure America's political system functions appropriately. It has become abundantly clear that the global dollar reserve system isn't working for everyone anymore. This was made abundantly clear in 2022 when the Biden Administration froze Russia's treasury assets.
On top of all of this, Ray believes extreme weather events are a problem. While I think he's been effectively brainwashed by climate alarmists on this subject, it is worth noting as one of the five things he wants to draw people's attention to. Lastly, Mr. Dalio thinks the emergence of AI provides an incredible opportunity for those who can harness it effectively. I agree 100% here.
One thing Ray didn't mention in his X post and we glossed over last week when we wrote about the Grand Global Economic Reordering is the role of bitcoin in all of this.
Despite the price correction over the weekend and today, I could not be more bullish on the prospects of bitcoin and its place in the world moving forward. If anything, my timeline for bitcoin's ultimate success has been pulled forward materially over the last few months. The world is in need of a neutral reserve asset that cannot be controlled or corrupted by any centralized actor. An asset that can't be frozen by a President who is offended by your actions as a nation state. An asset that can travel over the internet. An asset that can be moved 24/7/365 very cheaply. An asset that rises above flawed human incentives and forces everyone who wishes to utilize it to follow very specific rules.
We live in a world drowning in debt and have reached the point it cannot be sustained anymore. The easy money gravy train is stalling out. The debt pools exist at scale across governments and the private markets and the world will need a way to drain the pool without killing the people swimming in it.
I truly believe that bitcoin is the mechanism that will be used to make this happen. Slowly but surely individuals, businesses and governments will begin to increase their direct bitcoin exposure, demand it as collateral in debt instruments and begin to transition away from financing via dollars created out of thin air via the commercial banking system and toward a financing structure that demands bitcoin as collateral.
It's not going to happen all at once and it's not going to be very clear to everyone as it is happening, but make no mistake; it has already begun and the people who see it as clear as day right now are going to benefit massively as they utilize bitcoin during the Grand Global Economic Reordering.
In our recent conversation, Peter explained how Bitcoin fundamentally enables a return to full-reserve banking principles. He pointed out that contrary to popular belief, the Federal Reserve only creates about a quarter of inflation through direct money printing—the other three-quarters comes from commercial banks pyramiding on top of that base money through fractional reserve practices. When you deposit money at your local bank, they set aside just 5-10% while lending out the rest, creating money out of thin air and fueling inflation.
"The reason why Bitcoin was originally created by Satoshi was to implement full-reserve banking. That chokes off the entire beast, not only the Federal Reserve, but the little franchised money printers that the Federal Reserve sticks into every single bank in America." - Peter St Onge
Companies like Unchained are already demonstrating how Bitcoin enables full-reserve banking without needing regulatory permission. As Peter noted, when you custody Bitcoin with a transparent provider, your assets are verifiably there—unlike traditional banks where your money has likely been lent to distant hedge funds. This Bitcoin-enabled paradigm undermines the boom-bust cycles that historically expand government power during each crisis, potentially curtailing both inflation and government growth simultaneously.
Check out the full podcast here for more on Trump's Bitcoin strategy, Elon's Doge impact, and how Bitcoinization could revitalize American manufacturing.
Taiwan, Vietnam Offer Zero Tariffs Amid Global Trade Talks - via X
Trump Stands Firm on China Trade Deficit - via X
Bitcoin Dips Below $78,000 - via X
Ackman Warns Trump's Global Tariffs Could Trigger Economic Crisis - via X
The first months of the new administration have sparked an unprecedented push for cost- cutting and efficiency within the federal government—but DOGE Can't Fix The Dollar. Join us on April 16th to hear PhD economist Peter St. Onge explain how bitcoin brings true efficiency to governments while protecting your generational wealth. With macro uncertainty driving a dip in bitcoin prices, now is the time to understand the fundamentals driving the global shift to sound money.
Ten31, the largest bitcoin-focused investor, has deployed $150M across 30+ companies through three funds. I am a Managing Partner at Ten31 and am very proud of the work we are doing. Learn more at ten31.vc/invest.
Final thought...
Been married for 8 years. Time flies when you're married to a hot angel.
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