If the dollars in your account keep rising but buy you less each year, your measuring stick is lying to you. In this episode, we dig into the "denominator problem" of money—how debasement quietly raises the number of units required to buy the same home, car, or grocery basket—and map a framework for protecting real purchasing power when volatility strikes.
We're joined by returning guest Aaron Olson to pressure-test a debasement-ready portfolio across five pillars: high-quality residential real estate, large-cap U.S. equities, precious metals, Bitcoin, and liquid alternatives. We get specific about why scarcity and network effects matter more than slogans, how bonds' contractual cash flows help but still pay you in debasing units, and where the illusion of safety hides in insured CDs and short-duration yield.
Along the way, a VHS-to-streaming analogy makes "format risk" painfully clear: stability that depends on yesterday's format can disappear when the world shifts. Then we zoom in on Bitcoin. Aaron explains why fixed supply, global auditability, and neutral, decentralized governance differentiate it from both fiat currencies and most "crypto" projects with corporate-style roadmaps.
We debate volatility, adoption risk, and the behavioral challenge of holding through 60 to 80 percent drawdowns. The practical takeaway: treat Bitcoin as a savings technology with a known supply schedule, size it with humility, and pair it with assets whose return drivers and liquidity profiles let you survive the path, not just admire the destination.
KEY TOPICS:
The denominator problem: measuring wealth in debasing units
Scarcity and network effects as core asset traits
Why "safe" yields can be unsafe in real terms
Bitcoin's fixed supply vs fiat's unlimited printing
Saving in Bitcoin vs speculating in crypto projects
Portfolio design for a debasement regime
Position sizing, liquidity, and time horizons
Format risk and the VHS-to-streaming lesson
If you want a plan that thinks in purchasing power—not just balances—this conversation gives you a clear start.
👉 Subscribe, share with a friend who's rethinking their allocation, and drop a comment: what's one action you'll take to defend your future buying power?
Find Du Charme Wealth Management here:
https://ducharmewealth.com
DISCLAIMER:
Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.
[00:00:00] Framing Debasement And Scarcity
[00:09:15] Exchange Rates And Purchasing Power
[00:15:20] Disclaimers And Risk Management
[00:26:30] Safe Assets And The Illusion Of Safety
[00:36:30] Why Bitcoin's Scarcity Matters
[00:45:20] Network Effects Across Assets
[00:53:10] Intrinsic vs Monetary Premium
[01:00:20] Demand, Value, And Zero Risk
[01:13:10] Predictability, Halving, And Auditability