Dollar Downfall – ‘This Is as Big as When We Closed the Gold Window’ | Matthew Piepenburg
Kitco NEWS 
The U.S. economy is facing a hidden debt crisis that makes growth ‘mathematically impossible,’ warns Matthew Piepenburg. In this interview with Kitco News Anchor Jeremy Szafron, Matthew Piepenburg, partner at Von Greyerz and author of Rigged to Fail and Gold Matters, analyzes October’s weak job growth, third-quarter GDP slowdown to 2.8%, and rising inflation, as reflected in the core PCE index’s 2.7% year-over-year increase. Piepenburg argues that these figures barely scratch the surface, pointing to what he sees as an ongoing recession for many Americans. He dives into the global pivot toward gold as faith in fiat currencies wanes and explains why Modern Monetary Theory may offer only short-term relief at best.
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00:00 Introduction: Latest Macro Indicators
02:34 Global Economic Outlook
05:06 Debt Crisis and Market Reactions
06:54 Recession Indicators
08:53 Debt & Economic Growth
11:37 Central Banks, Gold & De-dollarization
34:01 Seismic Shift Away from the Dollar
35:10 BRICS and Gold-Backed Settlements
39:48 Central Bank Digital Currencies (CBDCs)
40:54 Geopolitical Moves & the Petrodollar
48:29 America’s Changing Global Role
51:43 US Election
54:08 Gold as a Strategic Reserve Asset
57:06 Gold Price Outlook
#USDebtCrisis #EconomicGrowth #FederalReserve #GoldInvestment #Recession2024 #USJobsReport #InflationConcerns #MatthewPiepenburg #KitcoNews #ModernMonetaryTheory #DebtCrisis #FinancialStability #GoldVsDollar #GlobalEconomy #InterestRates #MacroeconomicTrends #InvestInGold #USGDP #WealthProtection #USEconomy2024 #GoldHedge #EconomicOutlook #PreciousMetals #CurrencyDebasement #MatterhornAssetManagement #GoldDemand #SafeHavenAssets #DollarCollapse #MMTRisks
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About The Author
MMT is not being used because someone really believes it's a valid policy, theory or practice. It's being used as an excuse…
The price of gold says it all. Fiat is rapidly losing value on the way to zero. We recommend buying PM's while they're still cheap.🤷♀️🤷♂️
Germany is boycotting cheap Russia fuel. This is brought not just Germany to it's knees it has brought the whole of the EU.
Stop the boycott, buying the same Russian NG from Turkey and Russian refined petrol from India is great for Turkey and India, but not the EU.
ECONOMICS IS NOT A SCIENCE BUT A CONSPIRACY STORY
The hidden truth is that economics is not a science. Economics is the product of a conspiracy developed by the English in the 18th century to explain to the masses why and how they are getting poorer and poorer while a clique of privileged people are getting richer and richer. The ruling elite that seized the wealth of the country a millennium ago and of foreign countries through colonization had to create a story to legitimize its thefts, pillages and genocides. This is how and why the supposed science of economics was born. Anyone who comes out of willful blindness or official propaganda sees that economics has never avoided or resolved crises and that each economist has his explanations and his vision of economics. All major economic crises were born from the fraudulent actions of a clique of mafiosi linked to the Anglo-American elite. If we compare with engineering, all engineers have the same data to build a bridge, because engineering is a science. Objective data does not leave room for opinions. If an engineer does not respect objective data, the bridge falls. On the contrary, the economy is only opinions and all are equal since the evolution of reality does not depend on objective economic factors but on the actions of the bandits who form the dominant elite and who manipulate reality with impunity. They are the ones who created the political and legal institutions to legitimize their thefts, their pillaging and to protect themselves from those who would like to do the same. It is this clique that created the State, the government, the police, the justice system and the army. They are the ones who create the laws, appoint those who act in each of these areas and hold them by money, rewards, access to the powerful group etc. This is how they manipulate governments, justice, the police and the army. The so-called economic science has nothing to do with the distribution of wealth in a country any more than it presides over the enrichment of the mafia to the detriment of honest people. In both cases, it is a matter of violence, theft and murder.
If you don't have Gold or Silver, you will be left behind.
Gold and Silver are rising because the paper contracts don't match physical holdings, they are over leveraged by central banks ( welcome to fractional banking ) However Russia , China , India and a lot more have been buying up physical gold over the past 24 months so the squeeze has begun ! Diverse and you can't go wrong !
MMM – Modern Monetary Malpractice. It only works when you can print the 'World Reserve Currency', but it isn't the 'Reserve function' so much as the 'Current exchange' function that enables Malpractice. For how long? I thought, persuaded by some pretty intelligent commentators, not for long, but that was back in 2012!
My 2020 I had come to think it would take a Black Swan to bring the system down: well, Covid wasn't it. Then came the war in Ukraine, and I thought I was looking at the beginning of the fall of the West. It now seems to me the crisis has come in Western Asia. It's a wondrously slow train crash for such a Horror Express!
Ray Dalio hit the nail on its head in his video " the changing world order" if you haven't seen it , I recommend you do !!!!
THE WESTERN DEMOCRACY GOVERNMENTS HEGEMONY AND IMPUNITY OF ECONOMIC JUSTICE EXPOSED and DOOMED FORWARD
The Industrilists want war.
Giving the Nobel Prize to Bernanke is laughable.
How does CBDC play into this?
New house, 1933, 235 ounces of gold. New house, 2024, 235 ounces of gold. Prices don't change in gold. Prices change in currency. Protect yourself.
More wars … More Recession…more loss for consumers !
Holocaust is as real as our gdp
Fascists are also extreme left
Wait, wait, wait, CNN, MSNBC and the White House have been telling us that the "ECONOMY IS STRONG"…….they wouldn't be lying to us, would they?
Been saying it for years and still nobody listened.
By IRS filings 11% of the country are millionaries. All kinds of money out there.
The 2030 agenda is putting downward pressure on jobs and will continue to. Executive order 14067, which was signed by Joe Biden, will replace the dollar 💵 with programmable digital currency CBDC. America is paying approximately 100k per second to service the debt . Prepare…
So you add 12,000 new jobs but I've been reading as a dozen different companies that are laying off 4,005,010,000 people
Are we ever get is b***** b***** b*****
Time is the most important factor in determining market movements and by studying past price records you will be able to prove to yourself history does repeat and by knowing the past you can tell the future. There is a definite relation between price and time. By studying time cycles and time periods you will learn why market tops and bottoms are found at certain times, and why resistance levels are so strong at certain times, and prices hold around them. The most gain is made when fast moves and extreme fluctuations occur at the end of major cycles…. I have managed to grow a nest egg of around 210k to a decent 732k in the space of a few months… I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape…
🔥🔥🔥
Encore!
While i like the interview a lot, I want to point out that It's not true that both presidential candidates are avoiding the debt issue. Trump is fully aware of the problem and, if elected, plans to have Elon Musk handle the wasteful government spending. Musk intends to reduce government spending by two trillion. This is very encouraging!
There has been a high correlation between the inflation rate and yields on government debt. So we are talking about breaking this correlation. If that were to happen then the government would soon get into a world of hurt but they have tools at their disposal such as to increase capital requirement on Banks or pension funds to buy government debt, impose capital controls in general or reversing QT. I believe that is called, correct me if I'm wrong, financial repression. In this way government engineers yields on government debt that is lower than inflation. Yields currently sitting at around 4.5% would imply inflation of around 6%. My advice to anyone feeling the heat in this inflation, diversify in Crypto and Gold and just trade long term more than ever, I have made over 520k from day trading with Sandy Barclays in few weeks, this is one of the best medium to backup your assets incase it goes bearish..
When the government opens its' mouth, lies come out.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
Great thank you for explain in the US debt 36$Trillion NOT being discussed by either political party