Rabobank: The Fiscal Event Horizon Is Here

They’re calling it the fiscal event horizon, and folks, that’s exactly what it is. The kind of moment when the math stops working, the trust starts breaking, and the whole financial system lurches into something new—and a lot more dangerous. Across the globe, we’re seeing what happens when governments spend themselves into oblivion, central banks double down on the money printer, and the public loses faith in the system holding it all together. But here’s what matters: gold is rising because trust is falling. And that’s the real story. Political Collapse Isn’t Contained to One Country Let’s start with the obvious: France is a mess. Their third government in twelve months just bit the dust. Can’t pass a budget. Can’t…