This Is The End Of The Dollar System | Jeff Ross

April 17, 2026

AI Summary

5 min read

Jeff Ross, a macro fund manager, analyzes Bitcoin's technicals, US economic indicators, escalating geopolitical tensions, and long-term structural shifts in a conversation recorded April 14 amid Iran Strait of Hormuz conflicts. He frames the world as entering a multipolar era with war-like fiscal policies, manufacturing revival, and Bitcoin's potential role as hard money, while cautioning on near-term market chop and broader societal risks.

Bitcoin's Technical Setup and Cycle Outlook

Ross views Bitcoin's recent sideways action as typical amid tightening liquidity and dollar strength, dismissing short-term gold or Bitcoin moves as overbought/oversold corrections. He highlights Bitcoin's repeated failures to hold above its 100-day simple moving average since October—rejections in late October, mid-January (near $97,000), and now testing $75,000—as a self-fulfilling trader signal that perpetuates downside until momentum shifts. Expecting one more leg lower to the high $50,000s ("58K gang"), he sees this as a buying opportunity for long-term stackers, given shifting perceptions where $70,000+ now feels like value.

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What you'll learn

1 (00:56) **Intro & Recent Market Moves** - Host notes gold pullback and Bitcoin resilience amid Iran tensions; guest dismisses short-term noise
2 (02:54) **Bitcoin Technicals: 100-Day MA Resistance** - Bitcoin repeatedly rejected at 100-day moving average since October
3 (04:52) **Short-Term Bitcoin Outlook** - Expects choppy bear market but strong Q4 finish tied to cycles
4 (14:10) **Three Burners Framework Recap** - Core macro indicators: liquidity blob, manufacturing PMI, leverage/bank lending
5 (15:43) **Liquidity Burner: War Footing Expansion** - Trump admin shifts to massive fiscal stimulus on military/manufacturing despite DOGE austerity talk
6 (20:20) **Manufacturing Burner Update** - ISM PMI finally above 50 after historic contraction; poised to accelerate
7 (21:44) **Leverage Burner: Bank Lending Revival** - Banks creating dollars via loans; signals economic optimism

+ Full timestamped outline available in the app

Show Notes

"The days of imperial America as the global hegemon will be drawing to a close."

Dr. Jeff Ross returns to the show to break down why the dollar system is ending and what comes next.

Jeff argues we're already living through the collapse of the post-war financial order, the petrodollar is dying, oil is being traded in yuan, gold, and Bitcoin for the first time since the 1970s, and the US is entering a new era of yield curve control and structural inflation. We get into his three burners framework, why he thinks we're in World War III, the coming civil unrest from AI-driven job displacement, why Trump and Bessent are pushing stablecoins, and what it all means for Bitcoin.

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Jeff Ross on Substack: https://substack.com/@jeffross191961