There's a hidden crash very few are talking about. 717 companies have been completely wiped out.

The S&P 500 hits new highs on AI hype. The real economy is quietly imploding.

US corporate bankruptcies just hit 717 large filings YTD. The highest level since 2010.

Up +93% since 2022.

November alone saw 62 new filings.

Major names like Burger King franchisees are collapsing.

There are now two economies.

1. The AI Economy: Driving index gains. Masking the rot. 2. The Real Economy: Crushed by high rates. Drowning in debt. Filing for Chapter 11 at a pace unseen in 15 years.

You can only mask this for so long.

When 700+ large firms collapse, the contagion spreads to jobs. Then to consumption. Finally to earnings.

The Fed sees this data. They know the "soft landing" is a myth. They have to cut rates to stop the bleeding even if inflation is sticky.

The liquidity floodgates are opening.

Don't be fooled by the index. Watch the bankruptcies. Hedge accordingly.

1. Bitcoin. The apex hedge. The only asset with a fixed supply cap policy cannot change. It absorbs liquidity faster than inflation eats it.

2. Gold. The legacy play. Central banks are buying record amounts. They are front running their own currency devaluation.

3. Monopoly Tech. Companies with pricing power. They pass inflation costs to consumers.

Cash is a melting ice cube.

Don't save in the currency they print for free. Save in the asset they can't print at all.