Brett Rentmeester: The US Will 'Return to Gold', Imminent Debt-Spiral & The Fourth Turning
Palisades Gold Radio: 10-23-2026
Brett Rentmeester, founder and managing director of Windrock Wealth Management, returns to Palisades Gold Radio to outline why the global economy is entering a historic cycle change.
Drawing on the framework of The Fourth Turning, Rentmeester explains that the tailwinds which powered the 60/40 portfolio for four decades—falling inflation, declining interest rates, and expanding equity multiples—have now reversed into headwinds.
With U.S. debt at $40 trillion and interest expense consuming 28% of all tax dollars, he warns of a "death by a thousand cuts" rather than an outright default, and argues that a fiat currency crisis is the inevitable path ahead.
Timestamps:
00:00:00 - Cycle Change and Fourth Turning
00:01:26 - Historical Crisis Cycles Explained
00:03:22 - Drivers of the 100-Year Cycle
00:04:14 - Tailwinds Turning to Headwinds
00:08:37 - Debt Spiral and Fiat Crisis
00:10:11 - Equity Multiple Expansion Risks
00:12:38 - Approaching Debt Spiral Danger
00:13:44 - Failing Institutions and Trust
00:15:58 - Inflation Distortions and War Impact
00:19:17 - Global Debt Problem Scope
00:21:06 - US Advantages and Tech Hope
00:24:23 - Government Tools to Prolong Dollar
00:27:18 - Consequences for Next 50 Years
00:30:16 - Wealth Management Geopolitical Strategy
00:31:49 - Commodities and Resource Sovereignty
00:36:32 - Energy Complex and Oil Opportunities
00:39:23 - Gold as Real Return Hedge
00:42:51 - Government Gold Accumulation
00:44:39 - Mining Stocks Leverage Potential
00:46:03 - Consolidation Buying Opportunity