Dollar’s Downward Spiral – Piepenburg Says It’s as Historic as Closing the Gold Window in 1971

Matthew Piepenburg, partner at Von Greyerz and author of Rigged to Fail and Gold Matters, joins Jeremy Szafron on Kitco News to expose a hidden debt crisis that he says makes U.S. economic growth “mathematically impossible.” Piepenburg analyzes October’s weak job numbers, the GDP slowdown to 2.8%, and inflation reflected in the core PCE index’s 2.7% increase. He argues that many Americans are already in a recession and highlights a global shift toward gold as trust in fiat currencies erodes. Piepenburg also critiques Modern Monetary Theory, explaining why it may offer only temporary solutions.

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00:00 Introduction: Latest Macro Indicators
02:34 Global Economic Outlook
05:06 Debt Crisis and Market Reactions
06:54 Recession Indicators
08:53 Debt & Economic Growth
11:37 Central Banks, Gold & De-dollarization
34:01 Seismic Shift Away from the Dollar
35:10 BRICS and Gold-Backed Settlements
39:48 Central Bank Digital Currencies (CBDCs)
40:54 Geopolitical Moves & the Petrodollar
48:29 America's Changing Global Role
51:43 US Election
54:08 Gold as a Strategic Reserve Asset
57:06 Gold Price Outlook

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