Debt Crisis Inflating Assets with Clive Thompson

Interview recorded - 17th of April, 2024
On this episode of the WTFinance podcast I had the pleasure of welcoming back Clive Thompson. Clive's entire career was in wealth management, mainly Swiss private banking. This provides him a unique insight into central banks.
During our conversation we spoke about why we didn't experience a banking crisis in 2023, whether it could be a risk moving forward, governments getting poorer while someone else is getting richer, stickier than expected inflation, financial repression, precious metals and more. I hope you enjoy!
0:00 - Introduction
2:16 - Should we be worried about further banking crisis?
11:21 - Light at end of the tunnel darkening?
13:20 - Maybe long end of yield curve to increase further
15:01 - Stickier than expected inflation?
16:31 - Banks under more pressure?
28:33 - FED and other central banks moving to financial repression?
33:36 - Is this why we’ve seen an increase in precious metals?
43:33 - One message to takeaway from our conversation?
Clive has 47 years of experience in finance & wealth management. This encompasses structuring and advice relating to quoted investments, Private Equity investments, family businesses, tax, residency, real estate, inheritance, Wills, legal, lending, Trusts, Companies and Foundations and all kinds of personal and private advice. He has been actively involved for decades in the arena of Trust structures. This often involved negotiating and discussing the contracts relating to the sale of family companies.
Clive's latest position before retirement was as Managing Director in the Anglophone Private Clients Department of Union Bancaire Privée, UBP SA, based in Geneva. He was responsible for wealth management services provided to a small number of wealthy English and French speaking families.
Clive continues to remain very active in the world of wealth, with a strong focus on Private Equity, and direct Equity Investing via the global stock markets. His passion is the financial analysis of Balance Sheets, P&Ls, Cash Flow and business projections. Clive loves examining business opportunities, like Private Equity, and digging into the fundamentals of quoted companies to achieve a market beating performance.
Clive Thompson -
LinkedIn - / clive-thompson-661997251
Video - • The Currency Reset Wil...
WTFinance -
Instagram - / wtfinancee
Spotify - open.spotify.com/show/67rpmjG...
iTunes - podcasts.apple.com/us/podcast...
Twitter - / anthonyfatseas
Thumbnail picture from - www.sbcgold.com/blog/the-doll...

[@ddod7236]

Clive is by FAR the best financial guy on the internet. In addition to impressive knowledge, he has an outstanding ability to convey knowledge in an understandable, granular fashion. But the cherry on the top is his delight in his subject and that fact that he's a gentleman. He's such a gem.

[@WTFinancepodcast]

Agreed, he is one of a kind in the financial landscape. Thanks for watching, appreciate it!

[@catweasel5166]

Clive does a weekly chat on Maneco64’s channel and is always worth listening to. A grand gentleman who knows his subject.

[@BlueWaterSTAX]

Clive is such a wonderful gentleman. Thanks for having him on the channel Anthony. Good job guy's 👍

[@bobtatnell]

So lucid a presentation. Congrats for allowing him to finish his sentences and arguments.

[@terryoneilp1421]

Clive is very wise,and well worth listening to very closely.

[@WTFinancepodcast]

Agreed, Clive is one of a kind. Thank you very much for your support, appreciate it!

[@stephenyoung8429]

Love Clive, he is brilliant ❤

[@somejohndoe3004]

Great guest, interesting conversation. Highly enjoyable !

[@paulowen3934]

Clive is the man.......

[@jamesray6247]

Clive always is such a wonderful knowledgeable guest to have on anyone's show this is the third time I've heard him. I always have to go back and listen to the program two or three times to make certain I understand everything he is so deep, but he also conveys things at such a level that someone like me can understand what he's saying. Great show!

[@jamesdownes5220]

Great interview. Finally someone who can explain the gold ETF outflows simply.

[@WTFinancepodcast]

Thank you, agreed, Clive is an expert at explaining these things. Thanks for watching, appreciate the support.

[@alfhucker462]

Clive explains things that are factual and understandable. That anyone can understand.!! And that alone is a gift..!! Never mind the noliage he gives. The man himself is a asset to everyone who follows him..

[@scott49140]

enjoying listening to this trying to get my head around certain things a bit more i find it interesting i actually make pizzas in a supermarket as my job

[@vincentbrogan1164]

Great interview-articulate, succinct and clearly knows his stuff.

[@roygbiv6704]

Clive is the best 🙂

[@jamiejones642]

Clive is the main man 😎

[@cameronmilne5319]

Thank you Clive & Anthony 👌

[@Eterna7Forms]

Great video he is on it!

[@nickmitchell2324]

Brilliant information- we have been warned!

[@WTFinancepodcast]

Thanks for watching, appreciate the support!

[@snowyskylar8821]

Excellent questions and insights.

[@venaedirie6314]

👍 thanks for this great content Clive

[@DeFi-Macrodosing]

Absolutely amazing interview.

[@WTFinancepodcast]

Thank you so much, appreciate the kind words and support!

[@lorilacour7816]

Clive is the Man!!!

[@somejohndoe3004]

Love the consistent quality content on this channel. Well done ! 👌

[@WTFinancepodcast]

Thank you so much for sticking with the channel, appreciate the constant support!

[@geeksinthewoods611]

Watching this analysis of the debt crisis and its impact on assets is like being stuck in a financial haunted house - every turn reveals another spooky economic challenge! 👻💸 The Fed's magic money machine needs a 'handle with care' label.

[@GoodmanMIke59]

Good one.

[@WTFinancepodcast]

Thank you very much, appreciate it!

[@crimeajewel]

Very interesting 😊

[@hardysingh5003]

Wow, what an informative talk. I like it.

[@waltanderson606]

great interview!

[@jadeluu518]

Awesome guest Clive Thompson .. much appreciate his knowledge and expertise :)))❤❤❤😊😊😊❤❤❤❤

[@briancutsinger]

Great Clive!🌞

[@ORO_LOBO]

Salute And Cheers To All Stackers

[@SimonDelucca]

. . . you deserve the good vibes, that you bring to your channel ICYMI . . . it will make you really rich, some day - your passion

[@timkrouse345]

Great info. Thanks!

[@caugas]

Strong podcast educational

[@briansmythe3000]

Hasn't this been happening for years It's just now becoming obvious too everyone 😮

[@jbl6338]

Great stuff Clive, do you have your own channel?

[@peterbedford2610]

The new norm , for many, of working from home has a lot of ripple effects. Less commute money spent, less office space needed, less local retail needed, etc.. The loss of taxes to local gov is pretty big.

[@QuaaludeCharlie]

Clive is very Smart , Buy Silver and Gold :) QC

[@texdevildog9174]

US Treasury Department should be renamed to US Department of Debt

[@WTFinancepodcast]

They are going at issuing it…

[@stevion2250]

Great interview, thank you. It's interesting that the M2 money supply has been trending down over the last couple of years, yet the CPI and other price measurements ("inflation") are still trending up. I guess the shocking amounts of c0vid-funds are still sloshing around the economy, still looking for a home.

[@woofmeow247]

6:25 "...a continued reluctance of employees to go back to work (offices)". Well that's a very skewed way to put it. For decades, employees have been forced into an oppressive, school-like slavery camps; AKA offices. In 2020, they were forced to stay at home due to a fak€ health scam, of which the corporate world was very much a part of facilitating. Monday to Friday office incarceration camps are one of the worst things to emerge in recent human history (along with its associated schooling system, pushed heavily by the elites and Rockefe!!ers to program children's subconscious minds so that as adults, they will submit to corporate slavery). Boomers really need to get real with this crap. There was no complaining from corporations in 2020. And many of these corporations got rid of employees who wouldn't take the arm-inject!on thing. Many employees who never previously worked from home realised in 2020 that they had been going along with a slavery system for years, and felt the liberation of not having to slave their way commuting into an office, while also realising they could be just as productive, if not MORE productive working from home.

[@woofmeow247]

What Clive could have said is: "Corporations realised in 2020 that productivity was just as high with employees working from home, and actually reduced operating costs (i.e. electricity, heating, canteen food, etc.). So, the world has realised a more effective model for employment involving a significant amount of remote working, and now corporations need to find a way to adapt, which is placing pressure on the banking system.".

[@mttaylor129]

Thanks for your reply @woofmeow247 to my comment on this and for suggesting I have a read of yours. You take the issue, justifiably so, to a broader context, and I agree. There are so many commenting on Thompson’s brilliance, and he may be. If he is, I find his propaganda and bias to mask whatever brilliance he may possess. Someone said he’s a regular on maneco (sp?), a channel I like. But I don’t remember encountering such a perspective on his channel. I’ll watch out for it.

[@woofmeow247]

@@mttaylor129 Thanks mt. I very much enjoy Clive's interviews. He delivers a very measured take on things in a very amicable manner. The main thing I notice is the lack of alarm he has for the blatant malevolence of the CBDC agenda, as well as many other agendas of the ruling banking powers. In one of his Maneco64 interviews, he described a post-reset scenario in glowing terms, saying that it will be a very prosperous time with the "everyday man" and governments free from debt. Nothing could be further from the truth. People need to look at the behaviour of governments in Mar/Apr 2020 onward and never forget. There is no benevolence about any of the intended post-reset world; digital IDs, mandated injections, censorship, political prisoners, social credit system, an even bigger wealth gap, etc.

[@mttaylor129]

@@woofmeow247 @woofmeow247 After reading your observations of Clive, I’ll watch him at least once or twice more, with an open mind. Thanks.

[@jj3682]

The FED said that banks will fail, smaller banks. The trouble with small bank failures is that it negatively impacts main street. The mega banks alsways get bailed out even with corruption and shadow banking. Ordinary people will be hard pressed to maintain their wealth.

[@JS-jh4cy]

Does clive has any books out for us to read?

[@JS-jh4cy]

What books does Clive recommend

[@kerstenukatz8672]

The Fed does not print money, it is the treasury dept.

[@WTFinancepodcast]

Or is it the banks that print money when repaying deposits and issuing loans.

[@kerstenukatz8672]

yes, banks create money by lending. The treasury, as far as I know, prints the physical money. However, the Fed does not directly create money.

[@CarlosGonzales-wm8xx]

Does China report honestly ? Perhaps their central bank doesn't hold so much gold.

[@vincentyeo88]

It has quite alot of tungsten. Lol. 🙃🤣

[@WTFinancepodcast]

Very true, hard to know! A lot of people believe they may own more than is published.

[@peterbedford2610]

10% A year sounds like what I see as well.

[@kevintewey1157]

*( OVER) INFLATING ASSETS

[@John-ou4rm]

The FED has a dual mandate. We know the govt can and does fudge the unemployment rate. The govt only needs to show higher unemployment and the the FED can cut. We all know that inflation and time helps the govts debt amortization relative to GDP

[@John-ou4rm]

Momentum trading is "Run with lemmings".... Never a truer statement.

[@mttaylor129]

Clive says “reluctance of employees to go back to work,” strongly implying that they’re NOT WORKING, when the context of his remark is employees WORKING from home. A slam on employees and a sign that management isn’t managing work at all, but rather location. And he’s not the only one talking and thinking like that! It makes no sense for an employer to demand employees return to offices in order to support office landlords and the local businesses. So Clive claims employers are supposed to charitably support the landlords. Would he be as charitable to employees, would he keep them employed rather than downsize?

[@woofmeow247]

Yeah, totally agreed. I just commented also about that. Have a read.

[@woofmeow247]

Well, my comment keeps getting deleted, presumably by KZbin's automation. There's the "free West" for ya. And people complain about CCP's censorship?

[@briansmythe3000]

They think we're Dumb plebs tho Building everything maintaining and doing the work that keeps everything going 😮

[@davejohnston5158]

I thought working from home would strongly be a factor in more people being able to work from home, or hot desk after the 2008 crash. It was partially instigated in some businesses who wished to manage their office costs. The problem is that some bosses can only appreciate productivity when they can see their employees working and many office jobs have very loose and difficult to measure effort to productivity relationships. AI is going to impact on this sector going forward so I expect commercial real estate to be flat for some time.

[@danhirz5498]

There is also an inefficiency factor of people working from home, which is why employees are fighting so hard to continue it. Employers aren't stupid either.

[@mttaylor129]

No!! The poor don’t get “richer” because the government has to borrow money, even though you slip in the e Words Social Security. It’s the people who buy the debt instruments and get paid interest who get rich on govt debt. Would you say that weapons makers get rich from govt debt? No. Weapons makers get rich selling weapons to the govt, and that can put the govt in debt. Again, it’s those who buy the govt’s debt instruments who get rich on the interest the govt pays them (assuming the govt doesn’t default).

[@briansmythe3000]

Good point 😮

[@foxboroconsultinggroupinc.7423]

Folks that recently bought homes above $600,000 with mortgages at 6.50% or even higher, and increasing, are going to be under tremendous financial strain over the next 5-10 years!!

[@habyalexandru2265]

Get curency out of the Banks Buy gold and silver

[@WTFinancepodcast]

It seems like a good way to hedge your bets. Thanks for watching

[@jmwSeattle]

Where do Chinese hide their gold?

[@somejohndoe3004]

In fortune cookies ?

[@vincentyeo88]

@@somejohndoe3004 Some random fortune cookies have one-gram gold for lucky restaurant diners.

[@GoodmanMIke59]

2:16 You don't speak to interesting people "like yourself." You speak the interesting people LIKE YOU. IT'S A SAD DAY WHEN I YANK HAS TO CORRECT AN ENGLISHMAN'S ENGLISH.

[@hoover.villies]

im not going back to work in the city. its a waste of time.