U.S. Debt Explosion To Trigger Currency Crisis, The Fed Is 'Trapped'
ฝัง
- เผยแพร่เมื่อ 2 มิ.ย. 2024
- A monetary reset is underway, according to John Butler, Investment Director of Southbank Research and Matthew Piepenburg, Partner of Von Greyerz AG. This is what it means for the world of investing.
Matthew's last interview with me: • 'Hard Landing' To Hit ...
John's last interview with me: • Brace For 'Sharp' Econ...
*This video was recorded on March 26, 2024
FOLLOW MATTHEW PIEPENBURG:
Website: goldswitzerland.com/
FOLLOW JOHN BUTLER:
Southbank Investment Research:
Twitter (@ButlerGoldRevo): / butlergoldrevo
FOLLOW DAVID LIN:
Twitter (@davidlin_TV): / davidlin_tv
TikTok (@davidlin_TV): / davidlin_tv
Instagram (@davidlin_TV): / davidlin_tv
For business inquiries, reach me at david@thedavidlinreport.com
*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
2:05 - Monetary reset
10:00- Debt/deficit vs. markets
16:26 - Market valuations
18:35 - Hyperinflation
27:26 - Monetary policy
33:24 - Record treasury issuance
38:30 - Long-term interest rates
41:48 - Gold
52:55 - Southbank Research
53:39 - Von Greyerz AG
#investing #economy #economics
![[TH] 2024 PMSL SEA GF D3 | Summer | มาร่วมเป็นพยาน กับวินาทีแชมป์!](http://i.ytimg.com/vi/JCYvEsFlwx8/mqdefault.jpg)
What John said, about "they don't GAF anymore, they're just going for broke"... that mirrors what Chris Hedges said a few years back: "They know the gig is up. They're just smashing and grabbing as much as they can while they run out the door".
That is absolutely correct. I do remember him saying that. I think it was also in one of his books as well
And the 2020 stimulus mega payout only cemented that idea and it amazes me more people don’t see it.
Perhaps it's signalling a downturn.
"the last official act of any dying country is to loot the treasury"
First off, the belief that the Federal Reserve would stop raising interest rates was the driving force behind the entire economic chaos. What should we do now that we have a situation where interest rates are crashing? At this point, how would you suggest that I safely allocate $300k?
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
You try to tell ppl about the Federal Reserve, but ask for advise on how to invest your $300k?? 🙄
THEY know EXACTLY what they are doing. It is all BY DESIGN.
Yes but that would imply they know what's coming at the top of the mountain. So what do they have in store for us after hyperinflation? Cyberpunk dystopia?
100
It’s a controlled demolition to remake it and have total power over everything
The people who run the world know exactly what they are doing, many politicians are just useful idiots
David’s hair style is succumbing to high inflation and high interest rates.
Every economist will soon have that hair style, if they haven't already ripped out all their hair, that is.
Wish i had hair
Lol come on
@@Boostlaggthrow little fertiliser on top 😉
The Hair standard. 😂😂😂😂
The biggest issue is welfarism and a lack of productivity. Nobody has to work hard anymore, from street bums to CEOs, everyone is phoning it in.
Yup equals massive infaltion
Does it have a turning point?
The issue is ghost jobs and actual jobs that demand 4years of college and 1 year of experience for an entry level job
USA 35 Trillion in Debt and it goes up 1 trillion every 100 days
This too! Make America great.
nobody will know the difference in $50 trillion vs $35 trillion
Whaat a shit show
@@jasmymakemeyen666 and that is supposed to comfort someone ? What are you getting at ?
@@bhhvvbvgyvbuvv like who can explain anything in 1 or 2 meaningless sound bites 😅 here on internet
this gold and silver rally feels great to lots of us but it just might be the prelude to an epic disaster.
Might? 🤣
Well said. Stackers should less scared than those who haven’t accumulated metals.
someone smell this disaster or insider knowing it is coming . it is at our door step already
No "might" about it. WW3 is coming.
Something epic beyond anybody's imagination.
If debt is cancer, we at in stage 4:(
Well said
Wow. I appreciate this statement. Puts the debt in perspective.
Final month.
Nobody wants CBDCs
CBDC’s, UBI, etc all tied to updated jibbys!
it's ok, we have bitcoin CBDCs will always lose
If it's free, I will take it to buy food and silver.
Except Fed Central Planners.
@@vincentyeo88it will be programmed, you will be able to buy what they want you to buy
When you realize the US is in a recession all the debt spending makes more sense
Exactly - it's being papered over. I can hide I am unemployed with enough credit cards. US says good plan. PRINT!
David is truely getting at the heart of what is going on in this economy with his pointed questions for his guests and his own analysis. It’s quite the education. Keep up the good work!
Good thing I don`t have OCD but who the hell hung up those pictures ? lol
Alphabetically OCD is 😂 CDO
Just saying gniyas tsuJ
😅😂😂😂😂😂😂😂😂😂😂😂😂
His wife.
David‘s hairdresser did that
I do, I couldn’t watch him.
Terrific guests David!!
Just to clarify a metaphor you use, a loose cannon is not dangerous because it could fire, but because being not tied, it can roll around inside the ship and crush the wooden walls, the crew, and eventually the hull.
Good analogy and ultimately fires in wrong direction causing unplanned events
Idgaf I like David’s hair. He’s been making a name for himself for so long now and holds a top spot among financial/economical theorists, he can be as unique as he wants…just no woke weird stuff and I’m 100% on board.
I came here for the Financial Truth.
He's not a theorist and hair does matter.
He needs to knock it off,.. or lose credibility as a serious financial reporter.
@@jcgoogle1808 he is a theorists and the hair is fine. Only gay men worry about other men’s hair. Not saying there is anything wrong with you being gay.
@@user-me5nt5vt4j
Only a girlyman going through their menstrual cycle would say "he is a theorists and the hair is fine".
@@jcgoogle1808 that last one must have triggered you for that response. Tell us more about men’s fashion trends you don’t agree with. What is in season currently? Do you match your purse with your shoes too? Or is that offensive also lol? 😂
Dow 1929, 18 ounces of gold. Dow 2022, 18 ounces of gold. New house, 1933, 235 ounces of gold. New House, 2022, 235 ounces of gold. Zero change in honest measures. The dollar is a dishonest measure. Stop measuring in IOUs. Use honest measures. Gasoline was two silver dimes in the 1950's and is STILL two silver dimes for a gallon of gasoline. Get it?
The price of gold going up is a measure of inflation. The gold doesn't change, the fiat currencies are relative to gold.
You are exactly correct with silver dimes. In 1950, a silver dime bought you a
Mounds Candy Bar and sales tax did not apply. Today, the cheapest Mounds Candy Bar
will cost you $1.25 plus 6 to 10% in sales tax. So, two silver dimes today will buy
four Mounds Candy Bars and maybe cover the sales tax. However, two silver plated
dimes today will not buy you anything.
Good point
@@ronwinkles2601 They are not even silver plated thought, copper/nickel, clad piece of sh$t.
@@christophergreyson6953Not a Yank, Singaporean. Maybe just cast or stamp iron/steel/stainless steel coins or digital data in the celluar in the the future. Real Copper & Nickel is really pricey & could be sort of considered as viable potenial money.
One of your best shows yet David, thanks to Matthew John ... thanks great episode 💯😊👍
David, i'm loving the 'just got out of bed & rushed to the studio' look 🤣
Handsome
It suits the current state of the global economy.
Thank you David. This best and factual interview of 2024.
Gentlemen...this is it! see Turkey, Argentina, or Zimbabwe today.
interest rates (bonds, treasuries, USD, fiats, etc.) only rising now and higher real inflation, and eventually hyperinflation...going forward.
The Weimar Republic’s hyperinflation is the greatest example. They were a leading economy and hyperinflated by being forced to pay back for all of the costs of WW1. They didn’t accidentally hyperinflate…they were forced to pay for it. Hitler came to power and they joined with Germany and Japan to try and reclaim their land and wealth. These things have very serious consequences that people today don’t understand or even bother to comprehend or learn about. We have more access to information than the rest of human history combined.
Wow. What a brilliant and highly informative discussion, great to be able to weigh up two perspectives. Thank you David, great job - get them both back again soon!
Correction. We are in 2 proxy wars and a cold war with china.
There’s probably two more that we are not aware of.
@Boostlagg. It's worse than that. The US is not just having a cold war with China, the Biden regime and neocons actually believe a think tank advisory report of 2016 (or 2015?) that if the US wants to finish off China as a peer competitor, it could have a war with China; but to win it, the US must have that war before 2025. And this is 2024.
Also, most Americans don't realize how disastrous it is to rob Russia of its reserves. This is one major factor that caused the worldwide stampede to dedollarize.
The problem is not that the Fed and Treasury don't have the intellectual acumen to understand what's going on. It's that there is no practical solution. Extreme discipline and huge sacrifices are needed, which the US doesn't have. The country is trapped in a very bad place, with only bad options to pick from.
@Boostlagg. My post explaining that it's even worse than what you said was swiftly censored. I wonder why people shouldn't know.
TWO WARS?!
Well at least we know during war times dollar usage is fine. Value goes up as long as USA stays undefeated in World Wars
DAVID WE DON;T HAVE 12 MONTHS THIS IS GOING DOWN AS WE SPEAK,SO YOU BETTER HOLD ON
Agreed, gold/silver starting to take off but when are the non US CB's going to start dumping the USD? For me, that is the final nail in the coffin for this debt spiral.
Considering everything: sanctions everything that moves, money printing, rampant spending. I just don’t understand why would any nation or individual would buy govt debt ?
Inertia!
They are so used to belive that 5% interest is sure profit, that they can't see that it's loosing in real value.
Just look back to the change of value the USD have had since 1971.
Yes, correct, while Gold and Silver are rising 5% a week (including Sunday nights).
Who would want 4% annual returns on US Treasuries, bills or safe corporate bonds ?
It’s a central bank shell game
America in caouse and big
Trouble. No way out. Just
Print more money is the only
Answer which is no answer. At
All. What goes up must one
day come down with a bang.
The bigger they are the harder they fall.
there is a way out. stop worshiping socialism, this started after wwii
chaos?
I enjoyed the comment about Carstens at the very end. He's a cartoon villain. In Mexico he laundered oil theft money through Mexicos central bank. He's as corrupt as it gets and they made him head of the bank of international settlements LMAO!!!😂😂
Let's have some proposals on how to balance the budget, tax code revisions and a concrete schedule on eliminating the excesses of our societies.
By excesses, we can take a good hard look at derivatives, pharmaceutical costs, insurance costs, tax codes, social media, modernization of industry, a back to basics in the education system - no more devisive DEI or any other alphabet soup programs. Etc. Etc. Etc.
This definately will give protesters something worth protesting about
You’re both 100% correct. The rest of the world is so messed up we will get away with this for quite a while.
How do you know, because the West tells you that? The world is shifting. It’s not as messed up as you may think and it will be to the people of the Wests detriment if we don’t start doing our homework.
What about hair
@@ChrisAthanas Hair is all messed up. Lol
Nope. The plan of the CCP and BRICS is to keep reducing the sale of oil around the world for dollars and even a marginal reduction right now will send inflation to levels that will cause Americans to revolt against their government. That is how Americas enemies will destroy the US from the inside out without firing a shot. Hell they even have their politicians allowing military aged men to just walk across the border and giving them supplies no less, and out of 7 million since Joe took office, you can bet that the terror cells are already here. Oh and if the FBI need a distraction to stop Trump, they have all these illegals to provide plans and weapons to create fear and destruction to subvert the elections. You can only hope that there are a few good men in these alphabet agencies that want to keep their country whole.
Doubtful. We shall see.
Your show is so informative. Thank you for all your hard work and diligence 🎉
I lend money to the government each week by purchasing Tbills. If credit card companies can charge 25-30%, I would like 15%.🤣
You know they pay less than real yields
Why so cheap? Should be more for the government than for the average citizens credit card, after all the government has show. Itself to be less fiscally responsible
@@gwills9337 City and State tax Free.If I put it into cds I would have to pay those taxes.
GOLD does get stronger, demand is out stripping supply, physical GOLD AND SILVER demands are overwhelming the PRECIOUS METALS price rigging scheme, otherwise they would just pile on more futures contracts and drive the prices down.
The derivatives market is becoming far to risky for the manipulators.
The market is unstable and the rich aren't getting definitive answers so they are freaking out. Purchase of art is at an all time high, gold is going up at a steady pace, food is further rising, large industrial purchases are lagging, property prices are at the peak and on the way down as rental property didn't pan out. The Fed has two options: remain steady or increase rates by one quarter of a percent two times this year. There is just too much money in the market and the banks have no clue what is happening...The fed sees this stuff, guys. The only wild card for us investors is to actively engage the market by trading, we always over complicate things when we speculate. It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
I won't pretend to know everything, though. Her name is Francine Duguay but I won't say anything more.She's a Guru, you can find her basic information online; you are welcome to do further study.
When someone is straight forward and good at what he or she does, people will always speak for them. To me I will say give Mrs Francine try and you will forever be happy that you did.
Francine Duguay strategy has normalized winning trades for me and it’s a huge milestone for me looking back to how it all started.
Francine gave me the autonomy I need to learn at my own pace and ask questions when I need to she so accommodating.
Bitcoin is moving crazy these few days but if you are smart then you should know the best thing to do is exchange especially with the right guidance.
David’s downwards hair is signaling for us to short bitcoin.
I will long bitcoin again when David’s hair points upwards again.
David's hair implies he's recovering froma bottle of tequila last night.
or had a fiat finance debt blowout ! over the top.
It's a leading indicator for the collapse of the dollar.
No, he just reviewed the US economy before the show!
😂😂😂😂😂😂
David researched the interview the night before and it called for liquor, stogies and mayhem.
David can have any hair style he wants, as long as he keeps delivering EPIC Podcasts like this one.
Well done man!!
Trust is dead! Physical PM's are the safest and possibly the only way to transfer your wealth to the new reality 😢
God help us 🙏
So true
We are in the period who the trust became death ☠️
This is why politicians will fight to keep the Fiat currency system. Endless deficit. Gold standard doesn't allow.. Deficit 🥇🥇🥇
Mr. Lin, David if I may, one of your best, if not the best, contributions of understanding that fall on the deaf ears of ignorance. Much appreciated.
These guys nail it. Amazing interview!
Nice podcast, I love the polo pics in Mathews background. 😊
Bro snuck out of the shower and hit record before he could dry his head 😭
Lin, bro, go back to the hair do when you first started the channel. 😂
Lol 😂
Or shave 😂
Great interview! Thank you gentlemen.
One of the best discussions. Thanks!
I love the referencing to "Pavlov" dogs ... very appropriate
Inflation causes a lot of cap gains for the irs to tax. So they’re not really that motivated to have sound money. They think they benefit on both ends, “it’s a win win!”
great content David! Thank you!
Such an awesome interview. Thank you!
When u re in the biz if selling gold or holding gold, you just want everything to collapse so that gold can prosper.
Excellent interview.
Excellent discussion. Thank you gentlemen.
Fantastic interview! Well done David.
Zimbabwe 🇿🇼 Melt up. DOW 200k !!!
It’s happening now, a slow motion train wreck.
India 1.5B population agrees too !! (info below)
India silver imports surged to 2,932 tons in the first two months of 2024 compared to 3,625 tons for all of 2023,
according to provisional data from the Ministry of Commerce and Industry.
Gradually and then suddenly
i would say a slow moving train forwarding a steep downhill track visible to the driver . Time to reach this steep fall with a fail braking system is our guess . Timing
Thank you!!!❤
This is sooo good. Thank you.
The world already using local currencies the culmination of a worldwide denouncement of the use of dollars as a reserve is going to happen but not shocking for everyone who has seen the writing on the wall and used discernment
What's the alternative? Gold? 😂😂 Gold is not a currency, but a commodity and would hurt their economies even more by doing so. The economy isn't money or how many shiny objects you have, but actual goods/services produced.
@@sociolocomtsac Gold can have paper certificates. I own a 1963 Silver Certificate. Gold could also be "crypto" and electronically traded. Having Gold and Silver backing does not mean lugging around Gold and Silver ... as long as the supply is limited (like BTC).
Important thing is public Trust in the currency.
@@sociolocomtsacThat’s exactly what they are doing. To include utilizing their own currencies. Other countries are going outside of the SWIFT system.
@@sociolocomtsacThey are doing currency swaps and CBDCs and other systems plus gold.
Costco is selling 100 to 200 million dollars in gold a month.
Those figures legit? Wow
@@RezFarajithere is a article out today on ZeroHedge.
I
David,
Great job! Great content and great guests. You are a consummate professional.
Truly wish I could have heard more of Mr. Butler’s points of view! The whole vid was DOMINATED by Mr. Pipenburgh. Also it would very helpful if you would put the spelling and affiliations in the video descriptions.
The topic was interesting and relevant, however I could only make it half way through before I could not take it any more.
US gold reserves is true/false ?
When was it Audited and by Whom ?
Don't believe a thing the US govt says.
......our dollar in Canada is collapsing. Gold here is now $3200 cdn
And I thought the usd was junk -
Maybe because they also sold all their gold.
Leadership is worse the Biden
And that’s sad
Canada should have never sold their gold.
Excellent discussion ❤
Great interview
Thanks david
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Victoria Wiezorek.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Victoria Wiezorek too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
Damn straight, check mate.
Great guests and format. Tx David.
The fed is trapped and so is Davids hair......
With that hair David should have been a rock musician.
I expect to see Yellen and Powell up there together with them bawling and sobbing when they return to gold standard.
The Yellen/Powell cryfest be as infamous as Nixon's "temporarily" off gold speech August 1971.
Hopefully David can interview Yellen and Powell at the same time after the collapse.
Austrian Crack-Up Boom.
@@user-rl5wm1cm1k David is a "heavy" metals maistro ! David rocks minerals !!!
He looks stressed and needs some sleep lol. I hope he's doing well 🙏.
Is he shorting BTC or something?
Fabulous interview
David, the facial hair and gel?!
scariest thing i've heard in years and my main focus has been military conflicts.
The worldwide depression is causing more and more military conflicts.
Great show!
how come we do not hear this in mainstream media
Superman's hair looking greqt
David hair has inflationary pressure DAVID YOU NEED HAIR CUT. PLEASE 😂😂
Matthew is Always Brilliant spot on information always Nice to see him again 👍👍
Bang on, Great guests! 👍🏻
Based on his theory Japan and Singapore should be in chaos. In the real world Japan is opposite of chaos.
Explain that without bias for personal gain.
Cant.
There in lies the fundamental problem.
Japan and Singapore is not the reserve currency their debt is owned by their own whereas US debt is about 30% foreign owned. That is the fact.
Japan is a net CREDITOR. Yes the government has followed some stupid polices but they could literally pay their debt off tomorrow if wanted to. They are a net exporter to and have a thriving manufacturing base. Do you like makitas and Toyota's?
Japan like us relying on a guy at a central bank making decisions vice naturally letting the economy settle will not end well. Just give it time. Remember the roaring 20’s? The depression after?
It's interesting that you guys can't imagine a solution that involves Argentina style massive cuts to the federal payroll? I think it's clearly going to be necessary to cut at least 50% of the federal workforce if not 70%. That will include cuts that eliminate entire agencies such as the CIA.
Massive cuts to the federal workforce will dramatically change the budgetary considerations. Even today the government is bringing in more tax receipts than ever before and if you cut large chunks of the expenditures, you can get on top of the debt.
Like Millei in Argentina, Trump is going to need to take a chainsaw to work on day one.
Agree .. years ago. They’re long past cutting, taxing or any other scheme they can think of to fix this. But its not the end of the world just the end of another debt based fiat currency. It’s an old story told throughout he centuries.
American cities will go into freefall
Washington, DC real estate is going to collapse.
@@ednorton47 I must remember to light a candle for Washington DC real estate speculators.
David, Mathew and John!
Good stuff, thanks. David continues to be one of if not the best financial interviewers out there.
Wow. David, you’re going for the downtown east side look. Hahaha jk 😂 (not used to seeing you with the 5 O’ clock shadow)
Great content with great guests. Solid video as always.🫡
He was obviously having a bit to much fun at the club and stopped outside only to realize it was the next day.
@@RealLifeFinance It's a beautiful thing to walk out of a nightclub and see daylight.
Great Interview David. But since it was recorded on March 26, am wondering why you had to wait 2 weeks to air it?
So he could use this information a d buy gold....
amazing interview!
David is very smart, I always enjoy his views on current economic conditions. Great guests.
Look at your HAAAAAIR! LMAO
😂
I wonder if David paid his hair cut in USD or gold 😅😅😅😅.
Thank you
Congratulations to you for bringing out these two brillant and articulate experts and leading the conversation to bring out very important and seldom discussed facts
I thought 🤔 I was listening to a Gold Infomercial, Japan is doing just fine with a 263% Debt to GDP; Do we need to balance the Budget, Absolutely! but the US is not coming to an end, the Poor are just going to continue getting Poorer as long as Democrats & RINOs keep on spending like drunken sailors. My apologies to drunken sailors
The key fact - which you don’t know - is that Japan’s debt is held mostly by Japanese. Unlike US debt which is in the portfolios of all countries around the world due to the reserve status of the USD.
@@sciagurrato1831 You don't know, if I know or don't know, & it's irrelevant anyways, it's all debt, the US is not going insolvent anytime soon, as I said originally, the only problem is that those without assets will only get Poorer & blue team knows, More Poverty = More Blue Voters. C'est la vie
Trump is the main reason for the current debt levels
@@purpozed6802 You have a poor comprehension of Basic Economics & US "political system", do you know what Chamber of Congress has the Power of the Purse, do you know what it means when a Bill passed the Democrat controlled US House of Representative with a Super Majority then the Senate as well, Do you know what Party Crazy "inside trading" Nancy belongs to, have you looked at Tax Revenues since the 2017 Tax Cuts for US 🇺🇸 was enacted, sorry Rabbit, excuse me Donkey, Trix are for Kids
@@purpozed6802 You have a poor comprehension of Basic Economics & US "political system", do you know what Chamber of Congress has the Power of the Purse, do you know what it means when a Bill passed the Democrat controlled US House of Representative with a Super Majority then the Senate as well, Do you know what Party Crazy "inside trading" Nancy belongs to, have you looked at Tax Revenues since the 2017 Tax Cuts for US 🇺🇸 was enacted, sorry Rabbit, excuse me Donkey, Trix are for Kids
"Gentlemen, prepare to defend yourselves."
The FED is going to continue to protect the system.
Defend will also mean physically. They are trying to destroy the country from the inside out. Who are they? They are the CCP, WEF, S0r0s, and others that need the US to be taken down a notch from world hegemony. The CCP is already funding all these migrants and fentanyl with the objective of destroying the US from the inside out. They know that the American middle class IS the foundation of the USA regardless of what Wall Street thinks and the suits in DC thinks. Between the attacks on the petrodollar that will bring untenable inflation and the riots funded by S0r0s to divide and conquer Americas, they have already past the tipping point of getting this job done. Just have to get your popcorn and watch the movie.
Great Interview!..
Wasn’t the collapse of the dollar assured when we went off the gold standard?
Crack up BOOM!!! Study the weimar n bolivar crack ups relative to gold
So they both work in the gold industry, of course they say the dollar will collapse, that's their wet dream. Buffett thinks these guys are full of it.
Unfortunately they have history on their side.
Excellent interview, textbook level informative from all!
End the Federal Reserve.
Q
We're going to:
Hint:
8% interest rate environment
Depression
Higher unemployment
Beginnings of UBI in a big way
Q❤
What’s up with the messy hair, time for a haircut buddy 😂😂😂
Lin chillin' with hair! lol
This was great!😊