Is Democracy Being Outlawed?
In Part II of this two-part conversation with Michelle Makori of Kitco News (part one here), Matterhorn Asset Management Partner, Matthew Piepenburg, answers questions about crypto currencies, gold’s critical wealth preservation profile, the rising list of geopolitical failures/risks and the very future of Western Democracy as debt-trapped nations drift openly toward greater centralization.
Piepenburg addresses the latest headlines in the BTC markets, from the SBF/FTX debacle to the recent penalties imposed on Binance. These failures are human failures rather than BTC failures, and Piepenburg acknowledges the rising role of BTC in the minds of many speculators. He raises questions about the radical pivot at Blackrock from its openly anti-BTC stance to now pushing for a BTC spot ETF, which risks centralizing the de-centralized profile of BTC.
As for geopolitics, Piepenburg holds little back in his open critique of undeniably failed policies from Afghanistan to the Ukraine, and now equally worrisome challenges coming out of the Middle East. The risk of escalation from Israel to Iran is objectively discussed, as is the cost of U.S. support for more off-shore conflicts, all of which add increased pressure on an already over-supplied UST market and hence increasingly diluted world reserve currency.
The conversation turns to recent moves within the US by states like Colorado to impact the 2024 election. Toward this end, Piepenburg warns that such mis-use (abuse) of a politicized judicial system is extremely concerning, regardless of whether one’s politics are left or right, blue or red. As warned in countless interviews and articles in recent months, Piepenburg uses both historical and economic indicators which underscore his concern that as nations fall deeper into debt, they rise higher into centralization, of which these recent judicial tricks are just the latest symptoms.
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