The U.S. financial system is dealing with a hidden debt disaster that makes development ‘mathematically not possible,’ warns Matthew Piepenburg. On this interview with Kitco Information Anchor Jeremy Szafron, Matthew Piepenburg, associate at Von Greyerz and creator of Rigged to Fail and Gold Issues, analyzes October’s weak job development, third-quarter GDP slowdown to 2.8%, and rising inflation, as mirrored within the core PCE index’s 2.7% year-over-year improve. Piepenburg argues that these figures barely scratch the floor, pointing to what he sees as an ongoing recession for a lot of Individuals. He dives into the worldwide pivot towards gold as religion in fiat currencies wanes and explains why Trendy Financial Concept could provide solely short-term reduction at finest.
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00:00 Introduction: Newest Macro Indicators
02:34 World Financial Outlook
05:06 Debt Disaster and Market Reactions
06:54 Recession Indicators
08:53 Debt & Financial Progress
11:37 Central Banks, Gold & De-dollarization
34:01 Seismic Shift Away from the Greenback
35:10 BRICS and Gold-Backed Settlements
39:48 Central Financial institution Digital Currencies (CBDCs)
40:54 Geopolitical Strikes & the Petrodollar
48:29 America’s Altering World Position
51:43 US Election
54:08 Gold as a Strategic Reserve Asset
57:06 Gold Value Outlook
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