Articles

In late December, I published a final report on the themes of 2023 while looking ahead at their implications for the year to come. I repeated my claim that debt markets and debt levels made the futur...

Matthew Piepenburg / January 26, 2024

With the US shooting itself in the foot again, we are now certain that this is the final farewell to the bankrupt dollar based monetary system. More about this follows but in the meantime an extremel...

Egon von Greyerz / January 14, 2024

In Europe, many countries have been seething since 2015, when the first major wave of refugees reached Germany and Austria in particular. In the US, it was the election of Donald Trump as President in...

Ronnie Stoeferle / January 11, 2024

Ever since day-one of the predictably disastrous and politically myopic insanity of weaponizing the world reserve currency against a major power like Russia, we warned that the USD had reached an hist...

Matthew Piepenburg / January 7, 2024

As my last report for 2023, I wanted to hit the big issues blunt in the face—from debt and sovereign bond markets to themes on the USD, inflation, risk markets and physical gold. This will not be sho...

Matthew Piepenburg / December 17, 2023

The primary stages of grief include: Denial, anger, bargaining, depression and finally, acceptance. When it comes to grieving over the slow demise of the American economy, sovereign IOU/USD and the a...

Matthew Piepenburg / December 3, 2023

The world is now witnessing the end of a currency and financial system which the Chinese already forecast in 1971 after Nixon closed the gold window. Again, remember von Mises words: “There is no mea...

Egon von Greyerz / November 27, 2023

It doesn’t require decades of financial expertise to balk at the notion of selling retail air conditioning units in Siberia or lemonade stands in the heart of the Arctic. That is, even a high-school...

Matthew Piepenburg / November 19, 2023

Below, we consider just how far America has fallen from its founding vision (and something we can do about it).

Matthew Piepenburg / November 5, 2023

Below, we follow the breadcrumbs of simple math and bond market signals toward an oft-repeated pattern of how once-great nations become, well…not so great any more.

Matthew Piepenburg / October 22, 2023