Beneath the Surface
Get Ready to Pay for Paris Hilton’s New House [Podcast]
January 15, 2025 • 3 minute, 55 second read
![Get Ready to Pay for Paris Hilton’s New House [Podcast]](/_next/image?url=https%3A%2F%2Fbanyanhill.com%2Fwp-content%2Fuploads%2F2022%2F10%2Fbus_on_fire-scaled.jpg&w=1920&q=75)
There used to be a saying, “As California goes, so goes the nation.”
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January 15, 2025 • 3 minute, 55 second read
![Get Ready to Pay for Paris Hilton’s New House [Podcast]](/_next/image?url=https%3A%2F%2Fbanyanhill.com%2Fwp-content%2Fuploads%2F2022%2F10%2Fbus_on_fire-scaled.jpg&w=1920&q=75)
There used to be a saying, “As California goes, so goes the nation.”
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October 24, 2025 • Addison Wiggin
After its blistering rally, gold shocked newcomers with a 6% two-day plunge this week, the steepest drop in twelve years. CNBC dubbed it “gold’s Halloween scare.”
In a welcome twist, J.P. Morgan called the decline “a much-needed breather,” predicting that prices will “reset for the next leg higher.” Goldman Sachs kept its $4,900 year-end target, saying “sticky, structural buying” from central banks remains intact.
“Gold isn’t falling,” Reuters happily agreed, “It’s catching its breath.”
October 24, 2025 • Addison Wiggin
Leverage is a two-way street. Investors get a tailwind on the way up. But small drops become a considerable problem – leading to “margin calls” when an investor is forced to settle the debt for a loss.
Forced sales are a downside feature of stock market bubbles. The forced sale of stocks and hard assets like gold push prices lower even if the participants don’t want to sell.
October 23, 2025 • Addison Wiggin
When the government has to spend the bulk of its tax revenue just to service the debt, it means there’s substantially less money for everything else, from military spending to border patrol.
Now, the White House hopes to be able to reduce its annual interest bill by slashing interest rates.
Think about it— even with a $38 trillion national debt, if the average interest rate is just 0.5%, the annual interest bill (at < $200 billion) is extremely manageable.
October 23, 2025 • Addison Wiggin
Even as the U.S. wrestles with debt and credit downgrades, the dollar’s reserve status keeps global capital tethered to its orbit. The Fed’s recent “payments innovation” initiative — opening dialogue with the DeFi sector — signals how policymakers hope to future-proof that privilege.
By embracing blockchain-based settlement, the U.S. effectively brings private-sector ingenuity under its own monetary umbrella. Innovation isn’t just a hedge against China; it’s an insurance policy for the dollar itself.