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You Can’t Keep Solving The Debt Problem with MORE Debt

May 8, 2023

The de-dollarization is a watershed moment.

Matthew Piepenburg shares his views in this extensive interview with Daniela Cambone of Stansberry Research, covering the FED, petrodollar and de-dollarization, banking risk and gold.

“The world’s reserve currency is not going to change.”

The U.S. dollar accounts for 60% of the global currency pool. As a result, what’s changing is the hegemony, the respect, the trust for the U.S. dollar as a payment system.

BRICS countries began trading with each other using alternative currencies because the Fed’s interest-rate hikes made the US dollar too expensive. Foreign treasuries and foreign nations have been dumping U.S. treasuries throughout 2022… $14 trillion in foreign debt has to be paid in U.S. dollars. The fiat game is not sustainable. This debt game is not sustainable. You can’t keep solving the debt problem with more debt. FedNow and other central bank digital currencies only serve to expand the government’s control.

Protect your wealth through direct ownership of physical gold.

Gold Switzerland

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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.