VON GREYERZ Partner, Matthew Piepenburg, joins Jesse Day of Commodity Culture, rolling up his sleeves in a candid conversation on the myriad financial, geopolitical and social forces shaping the current and future global landscape.
As always, the foundation of this openly distorted setting is historically unprecedented (and unsustainable) debt levels. The ripple effects of such debt all but ensure further centralisation from on top and currency debasement from below. Toward this end, the longer-term direction for physical gold held outside of a broken system as an anti-fiat allocation is now clear.
Piepenburg addresses the long and objective history of anti-heroic players and institutions, from political offices and central bankers to Wall Street weapons of destruction, including, of course, the grotesquely over-levered derivatives markets.
The issues facing an increasingly centralised rather than free market, as well as an equally objective feudalistic rather than democratic string cite of failed nations, are addressed with candour rather than party bias.
As Piepenburg reiterates, these fundamental distortions and threats to true capitalism and democracy should not be matters of left vs. right but right vs. wrong. As such, if the world is to avoid a deeper fall into centralisation and superficial platitudes, citizens need to prioritise being informed rather than divided and distracted from within.