Cycles of Change

For over 2,500 years, gold defined money. From the Lydian croeseid coin to the Bretton Woods system, gold anchored trust, trade, and sovereignty. Within a single century, it became labeled a “barbarous relic” and dismissed as a “pet rock.” In January 2026, gold surged past $5,500 per ounce, [...]

David Collum, Cornell Professor and financial critic, provides a sobering study of the 2025 economic landscape. The core idea shows a state of recursive decay where primary systems feed on their own outputs. This process results in a decoupling from reality. This cycle, called recursive slop, [...]