The Crystal Ball of Debt: Bubble Risk, Currency Debasement & War Drums
VON GREYERZ partner, Matthew Piepenburg, joins WTFinance to unpack the hard math and common sense ramifications of converging data points – from Chinese rate cuts and US markets to fiat money signals and increasingly trapped central banks in a global backdrop of beating war drums.
As to risk assets, the obvious credit and equity bubbles, from the DAX to the S&P, can only be sustained at the expense of the currency as central banks around the world seek the perpetual dopamine rush of rate cuts (and currency debasement) to support otherwise concentrated and over-valued markets.
Piepenburg makes a similar case for the so-called “economic growth” now lauded in the US, which is merely debt-based growth whose longer-term pains will clearly overshadow the short-term pleasures of currently peaking, blow-off top markets.
Overall, the US and global fantasy policy of buying time, stimulus, and even GDP “growth” with extended debt monetized by mouse-clicked currencies is a screaming and historical signal of currency risk for which precious metal markets are poised to see continued and longer-term expansion/growth.
About Matthew Piepenburg
Matthew Piepenburg
Partner
VON GREYERZ AG
Zurich, Switzerland
Phone: +41 44 213 62 45
VON GREYERZ AG global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. VON GREYERZ is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 90 countries.
VONGREYERZ.gold
Contact Us
Articles may be republished if full credits are given with a link to VONGREYERZ.GOLD
