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The Current Monetary System Is Based On a Lie

March 6, 2025

VON GREYERZ partner, Matthew Piepenburg, is pleased to share a lengthy but all-encompassing and deeply substantive conversation had in mid-December with GoldRepublic’s Alexej Jordanov.

In this patient deep dive, Piepenburg gives his blunt insights on the macroeconomic setting, carefully addressing all the core themes affecting our lives and finances, from global debt markets, geopolitical brinksmanship, the bubble danger in risk asset markets, and the growing tide of fiat money debasement to the rise of gold pricing/interest and the ever-evolving but ever-controversial “gold vs. BTC” saga.

For Piepenburg, each of the foregoing themes takes its direction from the ripple-effect consequences of a global marketplace quantifiably over its skis in historically unprecedented (and unconscionable) debt levels. The weight of such debt is now openly and equally unsustainable, as is the many-decade lie from policymakers that such debt figures could/can be sustained by, alas, more debt…

In short, the “jig is up,” and the lie that nations can monetize their debt with mouse-clicked “money” without destroying currencies, inflating asset bubbles (and wealth inequality) to a breaking point or pushing gold to all-time highs is becoming increasingly clear to citizens (and precious metal investors) around the world.

Again, this is a thorough and hence lengthy conversation, but well worth the time for those seeking to put global financial conditions into sober perspective.

VonGreyerz.gold

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Matt began his finance career as a transactional attorney before launching his first hedge fund during the NASDAQ bubble of 1999-2001

Thereafter, he began investing his own and other HNW family funds into alternative investment vehicles while operating as a General Counsel, CIO and later Managing Director of a single and multi-family office. Matthew worked closely as well with Morgan Stanley’s hedge fund platform in building a multi-strat/multi-manager fund to better manage risk in a market backdrop of extreme central bank intervention/support. The conviction that precious metals provides the most reliable and longer-term protection against potential systemic risk led Matt to join VON GREYERZ.

The author of the Amazon No#1 Release, Rigged to Fail, Matt is fluent in French, German and English; he is a graduate of Brown (BA), Harvard (MA) and the University of Michigan (JD). His widely respected reports on macro conditions and the changing behaviour of risk assets are published regularly at SignalsMatter.com.