Monday, February 23, 2026
We know we should avoid trivial debt. But times are odd and hyperinflation makes borrowing heavily a viable path to maintaining wealth.
That’s why you want to consider borrowing cheaply and putting the money into assets that won’t decline as inflation grows. See, the mirage of America’s prosperity is collapsing before our eyes, and yet most Americans still don’t get it.
I’ll be blunt: the America you grew up in doesn’t exist anymore. There doesn’t seem to be a shared sense of values, culture, aesthetics, or even a sense of responsibility.
Young people can’t afford housing, to start a family, or college because government spending is now 40% of gross domestic product. If you include health care, government spending is 60% of GDP.
America isn’t “the land of the free” anymore, but a large socialist republic. And those countries quickly collapse because of fraud, waste, and inflation.
In Argentina, after Juan Peron came to power in 1946, he took over the central bank, implemented tariffs to protect favored businesses, and spent currency reserves on state projects and the military. Less than 10 years later, the entire country was bankrupt. Annual inflation was 40%.
But Argentina didn’t hit bottom until two years later, as voters thought they could get something for nothing from the ballot box. That mindset can be permanent, and it’s about to happen in America.
The U.S. national debt rose $2.25 trillion in the last year. The interest will cost taxpayers around $1.5 trillion annually, or roughly 40% of all income taxes collected.
America’s experiment with paper money and unlimited government spending is a 50-year house of cards that’s collapsing.
And what is the government doing? President Trump is calling for increased military spending and promising $2,000 to many Americans (setting the hook into voters).
The U.S. is spiraling into hyperinflation. This is the Argentina playbook.
Daniel A. White is an investment advisory representative of and provides advisory services through CoreCap Advisors, LLC. Daniel A. White & Associates and CoreCap Advisors are separate and unaffiliated entities.