The Macro Minute with Darius Dale Is Treasury Secretary Bessent right about the future of the Fed?
Dec 24, 2025
Monetary policy is evolving rapidly, with Darius discussing the implications of fiscal dominance for investors. He highlights why gold is outshining bonds as a wise choice amid monetary debasement. The conversation includes how Bitcoin reflects fiscal issues in the U.S. and the importance of institutional research in transitioning portfolios. Darius also revisits his bold shift to gold and outlines key forecasts that could shape the economic landscape, leaving listeners with confidence in macro strategies.
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Fed Reform Is Coming
- Darius Dale argues Treasury Secretary Bessent's guidance aligns with long-held calls for Fed reform and monetary debasement.
- He links fiscal profligacy and chronic undertaxation to growing monetary repression and debasement.
Institutions Rotating From Bonds To Gold
- Darius says institutional investors are shifting allocations from bonds to gold as a response to expected currency debasement.
- He claims convincing institutions to increase gold allocations has been a multi-year, differentiating effort for 42 Macro.
Wall Street Heeding The Gold Call
- Darius recounts watching major Wall Street institutions heed 42 Macro's call to add gold to core allocations.
- He presents this adoption as humbling and ongoing for several years.