Gold’s Honest Rise in a Setting of Dishonesty, Desperation & Debasement

In this latest reality check from VON GREYERZ partner, Matthew Piepenburg, the conversation opens with a review of Powell’s latest (predictable) rate cut, and ends with a blunt recognition that the very system which central banks are pretending to manage is openly breaking down.

For Piepenburg, Powell’s policies, as well as classic “Fed-speak,” are continuously losing credibility and impact. Piepenburg lists the various failures, contradictions and even open confusion emanating from Powell’s most recent public comments. This sheds more light on the growing shadows of debt and doubt, which now colour a financial system whose narrative and hegemony weaken with each tick of the sovereign debt clock.

For Piepenburg, the evidence of this declining system is everywhere. He takes the necessary time to place this into an incontrovertible context, beginning with today’s unsustainable debt levels, which are the direct result of the 1971 decision to decouple the USD from its gold anchor.

Thereafter, a string of dishonest declarations and desperate policy reactions followed, all of which Piepenburg explains with chronological and simple clarity. In short, he gives a transparent context to what often feels like an overly confusing financial landscape. 

The conversation ends with a list of otherwise bad options left to debt-strapped policy makers to inflate (debase) their way out of a debt crisis of their own making. Toward this end, Piepenburg also ties the themes of stable coins and gold revaluation headlines into a forewarned potential. 

VonGreyerz.gold

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