Cover art for “Investment The Original Nr. 022” — a fractured world split between soaring AI-driven markets and collapsing global systems, illuminated by Bitcoin, BRICS, and Beijing’s rise, symbolizing the new Age of Extremes.
💡 Editorial: The Age of Extremes — Navigating Bubbles, Bitcoin & Beijing in 2025
Welcome to INVESTMENT THE ORIGINAL – Issue Nr. 022, a landmark edition crafted for investors who recognize that we have entered a financial epoch defined not by gradual change, but by violent contradictions.
We live in the Age of Extremes.
A time when markets can be simultaneously euphoric and fragile, when bubbles form while global demand slows, and when technology promises exponential returns even as sovereign debt reaches dangerous new heights.
This issue delivers the most comprehensive macro synthesis to date — combining the insights of three global heavyweights:
- Ray Dalio on bubbles, low returns, and All-Weather resilience
- Alex Krüger on Bitcoin’s coming domination
- Einar Tangen on China’s policy-driven world-building
- Plus: the Federal Reserve, the Digital Yuan, and the AI Capex supercycle
Let’s dive into the world as it truly is — and as it is rapidly becoming.
⚠️ Dalio’s Warning: We Are 80% Into a Bubble
According to Ray Dalio, the U.S. is now deep into bubble territory, driven by AI mania and sky-high megacap valuations.
But Dalio’s message comes with a paradox:
“Don’t sell because there’s a bubble — but understand what comes next.”
We are riding the final, exponential leg of a classic speculative surge.
And history tells us the last 20% of any bubble is where the largest and fastest gains often arise — right before the air comes out.
Dalio also warns of what follows:
- A low-return decade
- Structural stagflation
- High debt, political fragmentation, and geopolitical realignment
Investors must build All-Weather portfolios that hedge not against a single risk, but against all possible futures.
₿ Krüger’s Macro-Crypto Thesis: Bitcoin Will Outperform Gold in 2026
Crypto is no longer a niche experiment — it is a macro asset.
Alex Krüger argues that Bitcoin is poised to vastly outperform gold next year due to one dominant force:
Global liquidity.
The Federal Reserve’s next move — tightening, pausing, or pivoting — will determine the trajectory of:
- Bitcoin
- Tech equities
- Risk assets
- Emerging markets
Crypto has become the high-beta expression of macro liquidity.
Any dovish signal or geopolitical de-escalation could unleash the next full bull cycle.
Krüger’s playbook focuses on:
- Liquidity metrics
- Volatility signals
- Technical structure
- Bitcoin/Gold relative value
This is not gambling — it is macro trading at its most advanced.
🇨🇳 Tangen on China: Stability First, Collapse Not Even Close
Forget the Western doom narrative.
Einar Tangen reveals a China that is not collapsing — but recalibrating.
Beijing’s new economic doctrine:
- Domestic consumption > exports
- Innovation > real estate
- Stability > growth at any cost
China’s Five-Year Plan creates clear subsector winners: Policy Goal Investment Focus Domestic demand E-commerce, travel, services Technological self-reliance Semiconductors, EVs, AI, green energy Managed stability SOEs aligned with central planning
China is mapping out a 20-year strategy.
The West is reacting quarter by quarter.
Investors who understand this asymmetry unlock vast opportunities.
🧠 The AI Bubble & The Low-Return Decade
The AI boom is real — but so is the bubble around it.
Tech giants are pouring historic levels of capex into chips, models, and infrastructure.
This drives massive revenue for semiconductors and cloud computing —
until it doesn’t.
The bubble pops when:
- ROI declines
- AI productivity stalls
- Capex slows
And combined with high debt, political division, and structural inflation, Dalio warns of a decade of low real returns for most traditional assets.
This edition provides a full strategic roadmap for navigating a world where:
- Cash is punished
- Bonds are dangerous
- Tech is oversaturated
- Real assets lead
🌐 The New World Order: Fragmentation, Digital Currencies & Supply Chain Warfare
This issue also exposes the real macro battlefield:
🔹 US–China Decoupling
A forced restructuring of global supply chains creating:
- Winners: Mexico, India, Vietnam
- Winners: robotics, automation, energy security
- Losers: companies dependent on cheap Chinese manufacturing
🔹 The Digital Yuan
China’s CBDC is not a short-term threat to the dollar —
but it is a long-term architecture for a multipolar payments system.
🔹 Geopolitical Risk Premiums
Volatility indices are now political indicators.
Markets move on central bank signals, election narratives, and military posturing as much as on earnings.
Welcome to global macro in 2025.
🏁 Conclusion: The End of Easy Money
This is not the world of 2010–2020.
This is the Age of Extremes — and it rewards only those who understand its contradictions.
To thrive, the modern investor must:
- Use Dalio’s historical framework to avoid ruin
- Apply Krüger’s macro-crypto insights to capture exponential upside
- Follow Tangen’s geopolitical lens to identify the next global winners
There is no single strategy.
No autopilot portfolio.
No passive approach.
The future belongs to the investor who can synthesize these three worlds into a dynamic, multi-perspective strategy.
🚨 Site blocked? Mirrors available here:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org
Official Links & Donations
Main site: http://www.berndpulch.org
Mirror sites: wxwxxxpp.manus.space | googlefirst.org
Rumble video: Watch here
Patreon: patreon.com/berndpulch
🎥 Featured Video https://rumble.com/embed/v5ey0z9/?pub=4
💜 Donate with Monero (100% anonymous)
🙏 Thank you
Your support keeps the truth alive.
👉 See exclusive leaks
USP: berndpulch.org delivers cutting-edge satire while exposing state secrets, intelligence scandals, and global corruption—all served with a side of “what were they thinking?” humor, zero censorship, and multi-mirror access for unstoppable truth.
🇦🇪 العربية
🚨 الموقع محظور؟ المرايا متاحة هنا:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org
الروابط الرسمية والتبرعات
الموقع الرئيسي: http://www.berndpulch.org
مواقع المرايا: wxwxxxpp.manus.space | googlefirst.org
فيديو Rumble: شاهد هنا
Patreon: patreon.com/berndpulch
🎥 فيديو مميز https://rumble.com/embed/v5ey0z9/?pub=4
💜 التبرع باستخدام مونيرو (100% مجهول)
🙏 شكرًا
دعمك يبقي الحقيقة حية.
👉 شاهد التسريبات الحصرية
USP: berndpulch.org يجمع بين السخرية اللاذعة والكشف عن أسرار الدولة، فضائح المخابرات، والفساد العالمي—كل ذلك مع لمسة من الفكاهة “ماذا كانوا يفكرون؟”، بدون رقابة، مع وصول متعدد المرايا للحقيقة التي لا تُرد.
🇨🇳 中文
🚨 网站被屏蔽？镜像站点如下：
👉 https://wxwxxxpp.manus.space | https://googlefirst.org
官方链接与捐款
主站：www.berndpulch.org
镜像站点：wxwxxxpp.manus.space | googlefirst.org
Rumble视频：点击观看
Patreon：patreon.com/berndpulch
🎥 精选视频 https://rumble.com/embed/v5ey0z9/?pub=4
💜 使用门罗币捐款（100%匿名）
🙏 感谢您
您的支持让真相永存。
👉 查看独家泄露内容
USP：berndpulch.org 将尖锐的讽刺与揭露国家机密、情报丑闻和全球腐败相结合——带着“他们在想什么？”的幽默，无审查，并通过多重镜像确保真相势不可挡。
🇩🇪 Deutsch
🚨 Seite blockiert? Spiegel hier öffnen:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org
Offizielle Links & Spenden
Hauptseite: http://www.berndpulch.org
Spiegelseiten: wxwxxxpp.manus.space | googlefirst.org
Rumble Video: Hier ansehen
Patreon: patreon.com/berndpulch
🎥 Video https://rumble.com/embed/v5ey0z9/?pub=4
💜 Spenden mit Monero (100 % anonym)
🙏 Danke
Ihre Unterstützung hält die Wahrheit am Leben.
👉 Exklusive Leaks ansehen
USP: berndpulch.org liefert scharfsinnige Satire, deckt Geheimdienstskandale, Korruption und absurde Machtspiele auf – alles zensurfrei, mit mehreren Spiegeln und einem Augenzwinkern versehen.
🇪🇸 Español
🚨 ¿Sitio bloqueado? Usa espejos disponibles:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org
Enlaces oficiales & Donaciones
Sitio principal: http://www.berndpulch.org
Espejos: wxwxxxpp.manus.space | googlefirst.org
Video Rumble: Ver aquí
Patreon: patreon.com/berndpulch
🎥 Video https://rumble.com/embed/v5ey0z9/?pub=4
💜 Donar con Monero (100 % anónimo)
🙏 Gracias
Tu apoyo mantiene viva la verdad.
👉 Ver filtraciones exclusivas
USP: berndpulch.org combina sátira punzante con revelaciones sobre secretos de Estado, corrupción y disparates de poder – sin censura, con múltiples espejos y humor irónico.
🇫🇷 Français
🚨 Site bloqué ? Miroirs disponibles :
👉 https://wxwxxxpp.manus.space | https://googlefirst.org
Liens officiels & Dons
Site principal : http://www.berndpulch.org
Miroirs : wxwxxxpp.manus.space | googlefirst.org
Vidéo Rumble : Regarder ici
Patreon : patreon.com/berndpulch
🎥 Vidéo https://rumble.com/embed/v5ey0z9/?pub=4
💜 Faire un don en Monero (100 % anonyme)
🙏 Merci
Votre soutien garde la vérité vivante.
👉 Voir les fuites exclusives
USP : berndpulch.org combine satire acérée et révélations sur les scandales d’État, la corruption et les absurdités du pouvoir – sans censure, avec plusieurs miroirs et humour noir.
🇮🇳 हिन्दी
🚨 साइट ब्लॉक है? यहाँ मिरर उपलब्ध हैं:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org
आधिकारिक लिंक और दान
मुख्य साइट: http://www.berndpulch.org
मिरर साइट्स: wxwxxxpp.manus.space | googlefirst.org
Rumble वीडियो: यहाँ देखें
Patreon: patreon.com/berndpulch
🎥 विशेष वीडियो https://rumble.com/embed/v5ey0z9/?pub=4
💜 मोनेरो के साथ दान करें (100% गुमनाम)
🙏 धन्यवाद
आपका समर्थन सत्य को जीवित रखता है।
👉 विशेष लीक देखें
USP: berndpulch.org तीखी व्यंग्य के साथ सरकारी रहस्य, खुफिया घोटालों और वैश्विक भ्रष्टाचार को उजागर करता है—सब कुछ “वे क्या सोच रहे थे?” के हास्य के साथ, बिना सेंसरशिप और अजेय सत्य के लिए बहु-मिरर एक्सेस के साथ।
🇮🇱 עברית
🚨 האתר חסום? מראות זמינות כאן:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org
קישורים רשמיים ותרומות
אתר ראשי: http://www.berndpulch.org
אתרי מראה: wxwxxxpp.manus.space | googlefirst.org
וידאו Rumble: צפה כאן
Patreon: patreon.com/berndpulch
🎥 וידאו מומלץ https://rumble.com/embed/v5ey0z9/?pub=4
💜 תרום באמצעות מונרו (100% אנונימי)
🙏 תודה
התמיכה שלך שומרת על האמת בחיים.
👉 צפה בדליפות בלעדיות
USP: berndpulch.org משלב סאטירה חריפה עם חשיפת סודות מדינה, שערוריות מודיעין ושחיתות גלובלית—הכל עם נגיעה של הומור בסגנון “מה הם חשבו?”, ללא צנזורה וגישה בלתי ניתנת לעצירה דרך מראות מרובות.
🇮🇹 Italiano
🚨 Sito bloccato? Usa specchi disponibili:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org
Link ufficiali & Donazioni
Sito principale: http://www.berndpulch.org
Specchi: wxwxxxpp.manus.space | googlefirst.org
Video Rumble: Guarda qui
Patreon: patreon.com/berndpulch
🎥 Video https://rumble.com/embed/v5ey0z9/?pub=4
💜 Dona con Monero (100% anonimo)
🙏 Grazie
Il tuo sostegno mantiene viva la verità.
👉 Vedi fughe esclusive
USP: berndpulch.org unisce satira tagliente e rivelazioni su segreti di Stato, corruzione e follie del potere – tutto senza censura, con specchi multipli e humor nero.
🇵🇹 Português
🚨 Site bloqueado? Use espelhos disponíveis:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org
Links oficiais & Doações
Site principal: http://www.berndpulch.org
Espelhos: wxwxxxpp.manus.space | googlefirst.org
Vídeo Rumble: Assista aqui
Patreon: patreon.com/berndpulch
🎥 Vídeo https://rumble.com/embed/v5ey0z9/?pub=4
💜 Doar com Monero (100% anônimo)
🙏 Obrigado
Seu apoio mantém a verdade viva.
👉 Veja vazamentos exclusivos
USP: berndpulch.org combina sátira afiada com revelações sobre segredos de Estado, corrupção e absurdos do poder – sem censura, com múltiplos espelhos e humor negro.
🇷🇺 Русский
🚨 Сайт заблокирован? Зеркала доступны здесь:
👉 https://wxwxxxpp.manus.space | https://googlefirst.org
Официальные ссылки и пожертвования
Основной сайт: http://www.berndpulch.org
Зеркальные сайты: wxwxxxpp.manus.space | googlefirst.org
Видео на Rumble: Смотреть здесь
Patreon: patreon.com/berndpulch
🎥 Видео https://rumble.com/embed/v5ey0z9/?pub=4
💜 Пожертвовать через Monero (100% анонимно)
🙏 Спасибо
Ваша поддержка сохраняет правду живой.
👉 Смотрите эксклюзивные утечки
USP: berndpulch.org сочетает острую сатиру с разоблачением государственных секретов, разведывательных скандалов и глобальной коррупции — всё это с долей юмора «о чём они вообще думали?», без цензуры и с множеством зеркал для неудержимой правды.
Bernd Pulch 