The Bust Has Already Begun – Most Investors Just Don’t See It | Mark Thornton & Andy Schectman
The Bust Has Already Begun – Most Investors Just Don’t See It | Mark Thornton & Andy Schectman
Miles Franklin Media: 8-1-2026
Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, interviews Mark Thornton, Senior Fellow at the Mises Institute, to discuss why he believes the global economy is approaching a critical turning point driven by mounting debt, declining trust, and years of monetary distortion.
Thornton explains why the bond market may be sending a warning investors shouldn't ignore, how decades of easy money have distorted markets, and why private credit could become the next major financial risk.
He also shares why central banks continue accumulating gold while reducing their reliance on government debt.
The discussion also explores the growing role of gold and silver in wealth preservation, the risks facing the global financial system, and why Austrian economics offers a different perspective on today's macroeconomic challenges.
In this episode of Little by Little:
Warning signs from the bond market
The risks building in private credit
How easy money fueled today's debt bubble
Why central banks keep buying gold
Gold and silver for wealth preservation
Austrian economics and today's markets
00:00 Coming Up
01:21 Introduction
03:01 Boom or Bust Now
03:40 War Oil and China
06:43 Hidden Inflation Pain
08:58 Balance Sheets Near Break
11:05 Bond Market Distrust
16:59 Real Inflation Debate
18:41 Private Credit Black Swan
25:29 Central Banks Buy Gold
32:49 AI Bubble and Surveillance
39:23 Advice for Young People
44:35 Mises Resources and Metals
46:09 Closing Thanks and Outro