VON GREYERZ partner, Matthew Piepenburg, joins David Lin in this extremely informative, fact-based and sober overview of the macro forces impacting the USD, US citizens, US markets and increasingly poor options ahead.
With gold racing north, Piepenburg addresses the highly unlikely forces which might halt its secular rise. This would require a global debt solution, the introduction of sound money and a miraculous arrival of balanced sovereign budgets. Failing that, gold will rise because fiat money will continue to do what it has done throughout history—suffer debasement at the hands of negligent management. Piepenburg then lists all the signs of dollar devaluation in real-time as demand falls for over-supplied USTs and the East moves away from the Greenback.
Despite such objective signals, the West continues to underestimate the East in general and gold in particular, a case which Piepenburg, again, defends with evidence rather than sensationalism. Toward this end, he gives clarity to the mathematical reality vs. the political chest-puffing of US tariff policies.
As US public debt approaches an appalling $38T, Piepenburg addresses (with hard facts) how this now insolvable crisis affects the average citizen beyond just economic theory or apologetic headlines.
Looking ahead, Piepenburg confesses uncertainty and concern. Will the world move toward cooperation or conflict? Can, will or should the US return to a gold standard?
As for silver, Piepenburg makes a strong case for this “poor man’s gold” as the “smart man’s silver,” arguing for the various forces which make silver an affordable and compelling investment to protect investors from ongoing currency debasement.
The conversation ends with a concerned comparison of the current US stock bubble vs the prior crisis/bubble of 2008. Piepenburg explains current market warning signals and predicts a blow-off top, the implosion of which is harder to time than identify.
Watch the full interview now to understand the macro forces reshaping the global economy – and learn what practical steps you can take today to protect your savings, investments and purchasing power before the consequences become unavoidable.