{
  "title": "The Bondfire / One System",
  "basis": "A shortened, continuous-diagram dramatization of Gromen's October 2, 2026 thesis. Not a forecast.",
  "clips": [{"id":"continuous","title":"THE BONDFIRE / ONE SYSTEM","blocks":[
    {"cue":"intro","text":"One system. Gromen's scenario.","gapAfter":1},
    {"cue":"fiscal","text":"Promises and politics keep deficits large.","gapAfter":2},
    {"cue":"foreign","text":"China and other investors recycle less into Treasuries.","gapAfter":2},
    {"cue":"supply","text":"Oil and copper shocks keep inflation pressure alive.","gapAfter":2},
    {"cue":"credit","text":"A I borrowing and credit losses add stress.","gapAfter":2},
    {"cue":"loop","text":"Higher yields. Higher interest costs. More deficits. More debt.","gapAfter":6},
    {"cue":"crisis","text":"Forced selling breaks the collateral engine.","gapAfter":4},
    {"cue":"rescue","text":"The Fed and Treasury step in.","gapAfter":3},
    {"cue":"assets","text":"Gromen's ending: dollar debasement. Hard assets rise.","gapAfter":2},
    {"cue":"caveat","text":"Liquidity is not automatically M two. This ending is disputed.","gapAfter":2}
  ]}]
}