Economic Thoughts From Mike Maloney and Matthew Piepenburg 1-18-2024
Warning Signs: Recent Bank Failures and the Fragile Global Financial System
Mike Maloney: 1-18-2024
Dive into the complexities of the global financial system with Mike Maloney as he explores the timeline of banking collapses, drawing parallels between the events leading up to the 2008 financial crisis and recent banking issues.
The discussion delves into concerns about the stability of various sectors, including commercial and residential real estate, stock markets, bonds, and the banking industry.
Critical questions are raised about the honesty and competence of Central Bankers, prompting viewers to reconsider their trust in the assessments of those overseeing the monetary system.
Dollar Losing Trust Globally; Gold Is Taking Over | Matthew Piepenburg
Liberty and finance: 1-18-2024
The only way out of the US debt problem is to sacrifice the currency, says Matthew Piepenburg, partner at Von Greyerz AG.
Dedollarization is accelerating, and countries around the world are accumulating gold at a rapid pace.
Piepenburg has been skeptical that the BRICS will develop a gold currency. He says the BRICS nations do not have to have a gold currency to use gold in trade.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Dedollarization
6:34 Petrodollar
14:43 Gold price
21:25 Inflation