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The U.S. is running fiscal deficits over 7% of GDP. Interest payments are outpacing tax revenue. Bitcoin recently crossed $120,000. Gold is holding above $3,300. And now, Lyn Alden warns: this system wasn’t broken - it was designed this way. In this Kitco News interview, Lyn Alden joins Jeremy Szafron to explain why U.S. deficits are structurally entrenched, how tariffs could accelerate the monetary breakdown, and why decentralized alternatives - from Bitcoin to stablecoins - are absorbing capital. Alden also breaks down the stealth CBDC risk in pending crypto legislation, the role of Tether in financing U.S. debt, and what this all means for portfolio strategy going forward. Alden says fiscal dominance - not Fed policy - is now steering the macro environment, and warns that the bond bull market may be over for good. Key Topics: -Structural U.S. deficits and interest expense spiral -Tariff-driven inflation and distorted CPI/PPI data -Is the Fed boxed in? Fiscal dominance and rate credibility -Stealth CBDC threats hidden in stablecoin regulation -Tether’s $84B in Treasuries: Liquidity help or hidden fragility? -Bitcoin vs. gold: macro hedge strategy -M2 correlation, ETF risk, and treasury-level ETH adoption -How to build a portfolio for a debt-driven future Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Lyn Alden on X: @LynAldenContact (https://x.com/LynAldenContact)