“We are at the end of a credit cycle. We are at the end of a paper money cycle.” <-- This is where things start to cause a breakdown socially and economically.

Interesting clip from a recent conversation featuring Matthew Piepenburg.

He argues that rising debt levels are forcing governments into a corner where they prioritize protecting bond markets over preserving currency value… something we may be starting to see play out globally.

Curious what people think about this perspective.

h/t thetimeisgold