Inflation and Debt Are Quietly Reshaping the Global Wealth Divide, Says George Gammon
Inflation and Debt Are Quietly Reshaping the Global Wealth Divide, Says George Gammon
Kitco News: 11-1-4-2025
The stock market is hitting record highs, credit markets are flashing warning signs, and economic cracks are widening—yet many investors remain oblivious to the brewing storm.
In a recent interview with Jeremy Szafron of Kitco News, financial analyst George Gammon delved into the precarious state of the global financial system, uncovering troubling parallels to the pre-2008 crisis era.
This alarming financial landscape suggests that while the stock market may be soaring, the foundation underneath is eroding fast.
Gammon highlighted eerie similarities between today’s conditions and those leading up to the 2007 Bear Stearns collapse:
“The biggest risk right now isn’t the Fed—it’s the shadow banking system. When trust in collateral erodes, liquidity vanishes overnight.”
The bottom line? A full-blown 2008-style meltdown isn’t inevitable, but the warning signs are impossible to ignore.
Most importantly, true wealth lies in access to goods and services, not just inflated asset prices. In a crisis, liquidity and tangible assets will matter far more than paper gains.
The financial system is walking a tightrope. While central banks maintain the illusion of stability, the real economy is showing cracks—from failing credit markets to distressed consumers.
The question isn’t if a correction is coming, but how severe it will be.
Investor and macro expert George Gammon warns that “the smart money is running for the exits.”
Beneath record Dow highs, UBS hedge fund liquidations, and 6.65% subprime auto delinquencies signal “this is playing out exactly like the middle of 2007.”
In this exclusive interview with Jeremy Szafron on Kitco News, Gammon explains that “the plumbing is clogging up” across global credit markets, the Fed has lost control of the monetary system, and why both parties now push “big government socialism.”
He calls the 50-year mortgage “real estate serfdom” and says fiscal populism is turning stimulus into a permanent election tool.
As gold trades above $4,200, Gammon says, “true wealth isn’t about how much gold you have, it’s about access to goods and services.”
Are we witnessing the greatest wealth transfer of our lifetime, and the slow-motion replay of 2008?
In this interview, Gammon discusses:
• Parallels between today’s market and 2007
• Liquidity risk, counterparty exposure, and the next repo crisis
• Debt, inflation, and the illusion of wealth
• Gold above $4,200 and Bitcoin as real purchasing power
• How fiscal policy became permanent stimulus
00:48 – Introduction: Is the System Breaking?
01:10 – Corporate Bankruptcies & The 2007 Warning Signs
02:28 – Systemic Risk: “The Plumbing Is Clogging”
06:00 – Monetary System Breakdown & Repo Market Risks
21:39 – Labor Market Flashing Red
26:08 – Housing Market: Debt Serfdom Ahead?
28:27 – Collateral, Home Equity, and Hidden Fragility
33:32 – Fiscal Populism & The New Political Uniparty
35:43 – Gold, Bitcoin, and Real Wealth
43:45 – Protecting Freedom & Purchasing Power
51:05 – Outlook: The Greatest Wealth Transfer