Our Debt Is The Real Existential Threat | Matthew Piepenburg

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A system is only as good as the decisions made by the people running it.
Today's guest expert is highly concerned that the leaders currently in charge of our financial system are out of their depth & putting us on a course to crisis.
A crisis, that when it fully arrives, they will address with "solutions" that require even more centralized control by the people who caused the disaster in the first place.
So what risks exactly does he recommend we prepare for?
We'll find out now, as we're fortunate to be joined by Matthew Piepenburg, Commercial Director at Matterhorn Asset Management AG - GoldSwitzerland
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At Wealthion, we show you how to protect and build your wealth by learning from the world’s top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance.
We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you.
There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.
Put the wisdom from the money & markets experts we feature on Wealthion into action by scheduling a free consultation with Wealthion’s endorsed financial advisors, who will work with you to determine the right next steps for you to take in building your wealth.
SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion's endorsed financial advisors here: www.wealthion.com/
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#debt #inflation #recession
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.

[@Wealthion]

PURCHASE THE REPLAY of Wealthion's online conference from 3.18.23 at wealthion.com/conference

[@warntheidiotmasses7114]

This guy gets it. It's not if but when. Catch 22. Debt was the setup. Inflation can't be solved without lighting the debt bomb fuse, higher interest rates. It's a set up to bankrupt the sovereigns of the United States as ordained by British Royalty for some favors the colonists did back in hidden history. Something like that. Expansion of money and credit doesn't necessarily mean inflation, not if the money is pumped into BITCON, or stocks, or something that isn't counted in the inflation calculation. It depends. Money is loaned into creation. It depends on what those loans are buying. Commercial rents are declining. It's supply and demand. What's the agenda? They want to do away with Hydrocarbons. Global warming? Net zero carbon by 2030? Interest rates spiked, that makes everything cost more, that's inflation at first, maybe deflation later. OPEC cutting production, that's inflationary. What's the Agenda? A WON WORD ODOR? How to accomplish that? Crisis. "Princes of the Yen"? How to knock Japan off their high horse so China can catch up? Ever hear Justin Trudeau praise China? How many factories did he finance there? Read the book "Princes of the Yen" with the missing chapters. Everyone thinks the $USD is going to weaken, that interest rates are going lower. But how does one cause a global financial crisis? They've been ignoring inflation as they let interest rates fall over the past 20 years, despite the cost of health care, the cost of college, housing, all because of the agenda, the conspiracy to get everyone hooked on low cost debt. Like a drug dealer who gives you free samples until you're addicted. Corporations levered up to buy back stock, people refinanced their homes, debt levels exploded resulting in higher asset prices, Japan 1980's redux, "The Princes of the Yen". (Japan was too good, and the Yen too weak stifling China's progress, and who opened up China to western investment in the 1970's?, who owns Chinese manufacturing might?) The banksters printed money into creation to create debt junkies. Now you're hooked. Now they own you. Asset prices are only at this level because of the printed money keeps flowing. And if they raise rates they foreclose on all the debt. You can file bankruptcy but if there's no way to service the debt your assets go back to the banksters. So if you're the banksters, WHAT DO YOU EVENTUALLY WANT TO SEE HAPPEN? What's the end run? You want to see rates rise. Why? So you can gain control of productive assets, real assets through foreclosure. Printed money loaned into creation IN exchange for real assets. How do you get rates to rise? You stoke inflation, you disrupt the supply of food, (paying farmers to not grow, to destroy livestock), the supply of energy, (cancelled pipeline), the supply of housing, (unfettered immigration), the supply of China made goods, (locking Chinese in their buildings), and the supply of credit, (bank failures) and POOF!! There's your inflation and an excuse to raise rates. The markets may be pushing rates down but the banksters want to see rates rise. So what's the next supply line disruption? OPEC cutting production? A nuclear power plant accident? EV charging taking down the grid? WWIII? Another strain of Convid? A mysterious wave of 'Died Suddenly'? And now after the first bump in interest rates what happens? Defaults begin, unprinting of money, that causes a shortage of $USD, a strengthening of the $USD, people pull their money out of smaller banks and buy higher yielding treasuries, or they deposit money into larger banks, this causes a reduction in loan creation and increases rates, causing more defaults, causing more inflation as the cost of borrowing increases, causing a stronger $USD, a stronger $USD makes it difficult for foreign countries to repay dollar denominated loans which ultimately sets off a global financial crisis. When does it all come crashing down? Why? A WON WORD ODOR, A CALM YOU NIST REVO LOTION.

[@dolphingirl12885]

My grandfather working a blue collar job with high school diploma was able to buy a house in hills of southern CA, support family comfortably with regular vacations, and send my father to college with no debt long term all on the gold standard. Now two college degrees couldn’t hardly afford the same on our fiat system. The transfer of wealth and purchasing power has been massive yet few see it.

[@marcobiagioni]

If i could tweet or share this comment I would. Says it all.

[@davisutton1]

You forget to mention that the house today has had another properties carved off it, so what was possible on a single middling income is now, if at all, possible only with two ''good'' incomes, and the property is half to a third the footprint of the previously possible one. This implies real wages are, in effect, a quarter of what they were.

[@Studeb]

How is that anything to do with fiat? Your grandfather had fiat, so did his. It's about how they've programmed the population to believe that the owners and the bosses should be getting all the proceeds of the constantly growing output of the worker's labor.

[@marcobiagioni]

​@@StudebFIAT began in 1971 so no not fiat for grandpa.... Your welcome

[@carrimycalifor]

Very well said.

[@blackhat965]

Holy crap. This is hands down your best episode. He covered the span of economics, politics, philosophy, and ethic in one action-packed interview.

[@JWang-wh9fq]

He says there’s no answer to the debt yet there actually is……. As a nation we need to create a public private partnership for auto remanufacturing just like they do with Apple iPhones. Exporting all our 10-20 year old autos to places like India & building out their road & fuel infrastructures would bring $8 Trillion into govt coffers over a decade or two & as long as debt doesn’t increase we could potentially lower debt total to $18 Trillion

[@grimaffiliations3671]

@@JWang-wh9fq none of that is even necessary. The debt isn't a problem

[@chadcook488]

Matthew is the best guest to listen to. He's in a league of his own with communication skills, knowledge and wisdom.

[@Jeff__M]

💯

[@lindalaugesen554]

Matthew had me until he mentioned “safe” vaults. Are you kidding me? There are NO safe vaults. Simple chess move by the feds and they’re all locked up, confiscated. NO WAY!

[@atorres11720]

Cool. Will check out his videos. Thanks.

[@Jeff__M]

This will be the best episode in Wealthion history! 🇺🇸 Thank you Adam!

[@DoubleOhSilver]

Thanks for bringing him to Wealthion's attention!

[@Wealthion]

Hope you like this one, Jeff!

[@Jeff__M]

@@Wealthion love it!

[@jonEmontana]

Agree. Really enjoyed this informative conversation even though it’s very depressing when I think about our kids. I’ve already given up and lost all hope for my life going forward, therefor, I pretty much concentrate 💯 on helping my kiddo and fiancé navigate this dumpster fire and somehow create wealth like generations were able to before them with help from the Ponzi scheme

[@leonie563]

@@jonEmontana if you can buy a house to share!

[@c.trotter4416]

Adam, I think I have listened to at least 95% of all of your interviews. At this point, I believe this has been the number One for me. I honestly feel Matt covered all of the bases we are all dealing with in an honest, clear and intelligent manner. Thank you.

[@merlewilliams3244]

Matt is an intelligent, thoughtful, well-informed financial analyst, and an excellent communicator. Thank you Adam and Matt for this important, timely video.

[@bobhanover]

Super smart. Super honest. 441 am mst. Saturday am 16 April 2023 Radway

[@penskyfile5290]

“We’re not selling a book, we’re selling a conviction”. Well done Matt and well done Wealthion. What an amazing conversation.

[@networth9151]

Matt is a great guest. Plain-spoken and to the point.

[@Grandpatravels]

Fantastic interview with Matt please have him on again I love his no-nonsense straight to the point commentary, Don't get me wrong All your guests are fantastic but I especially like Matt

[@BatmanBoss]

Mathew is an eloquent gentleman Great interview

[@wadesmith9270]

Matthew is the best guest, and that is saying something with all of the super stars you interview Adam-

[@gsmith3696]

Matt is one of the best guests you’ve had on the channel, have him come back often. Thanks.

[@Jeff__M]

💯

[@rich3419]

Great, down to earth guest. Doesn't talk about money. Talks about people.

[@rg9241]

I'm a simple man... I see Matthew Piepenburg, and I click.

[@user-99.99]

I absolutely love Piepenburg. I’ve been eagerly awaiting his appearance here on Wealthion. Thanks guys. 💪

[@JonathanEyre]

What an insanely brilliant guest. His eloquence and articulation alone should elevate him to the best guest ever. But when you really listen to the content - OMG! He strips the foundations of world finances bare and points the finger where it needs pointing and worst of all I guess he lets us know the path out of all this and it isn't pretty. You must make this man a permanent repeat guest for future updates. I've listened to all the wealthion guests and some are truly brilliant but this guy shines brighter than all others. More Matthew Piepenburg

[@JonathanEyre]

Somebody should be collating this guys use of Metaphors and make a book. A lot of them are so totally original and are right on the money [no pun intended]

[@grimaffiliations3671]

The only problem is that he's completely wrong about our debt. Its perfectly sustainable

[@jpdr7081]

This chad has a clear, fascinating, ironic way to transmit his ideas, he really is a wise guy. 29:18 Him quoting Ludwig Von Mises is special for me since I'm a Radical Libertarian and an Austrian School of Economics researcher, you can understand why is this guy so wise. Thx Adam for bringing him to the channel, I hope there's a next time.

[@grimaffiliations3671]

This guy is completely wrong about the nature of soverign debt. Our debt is completely sustainable because it is due entirely in our own currency

[@E_incognito]

I love the part of the interview where you actually let the guest talk.

[@leahschmidt4067]

Seriously who is this guy? What an incredible refreshing dose of truth. I am listening to this twice. And will share with others. His delivery is direct without judgement.

[@DSMentzer1]

Adam, this is the most sober and cogent discussion on the worst case scenario I’ve seen - excellent interview. As a military planner, I look for the most likely and worst case scenarios and build branch plans for assumptions that prove incorrect (sure wish all in USG took this approach), but the scariest plan is the one where the most likely and worst case become the same. I hope we’re not there, but hope is not a plan (unless you’re Rumsfeld).

[@grimaffiliations3671]

The worst case is not the most likely. In fact its impossible

[@Mindyourownbusiness444]

Out of all the very smart learned people I watch, Matthew is definitely in the top 3 of well informed, articulate dudes on here…

[@lwang5534]

Matt is amazing, so articulate and eloquent and can put all the pieces together into a clear picture. Really enjoyed this episode. Please have him on often in the future. Great job, Adam 🎉!

[@rz5947]

The best and most honest interview EVER ❤

[@massonh7476]

Adam’s analogies are superb! 👌 Adam asks fantastic questions and excels at making each answer understandable for his viewers.

[@Jeff__M]

Adam has an unbelievable talent for that. That’s why I watch

[@massonh7476]

@@Jeff__M Yes, it’s not normal … he was born for this.

[@massonh7476]

@@Jeff__M Thanks for arranging this interview! Matthew is incredible. I didn’t know him before.

[@Jeff__M]

@@massonh7476 yeah he is in my top 3 favorite people on the Internet. He’s just wicked smart!

[@massonh7476]

@@Jeff__M Who are the other two?

[@steve4562]

Matthew has some of best long-form rants I've ever heard. Some of my favorite bits: "mouse-click money" and "an oh shit moment". A real tour de force!

[@paulranson5995]

Well done Adam! Another quality interview with Matt, just straight to the point on the many problems we all face in the current Fiat debt based system. Please have Matt back again soon!

[@tatersquad2000]

Please have Matthew on again soon, I love his perspective on history.

[@MyInfotainmentFix]

I think a lot of us can relate to the sentiment in this episode. The whole world feels broken and I don't know why or how to hedge against it. All this money printing, propaganda, lies and market interference will come at a huge cost for us normal people and there is nothing that we can do about it.

[@jayneweaver8695]

Exactly what happened in 2008/2009. Few were saying this is going to pop and many saying how wrong they were and carrying on like it's 1999.

[@chrispaul1117]

debt is like 400% plus higher than then

[@sjacobson005]

The best guest ever!

[@nickjohnston3882]

Without a doubt, this interview with Mathew is the most comprehensive and informative discussion's you've had to date. I've become an instant fan of Mathew, the truth bombs, and a clear-cut no-nonsense way of explaining the issues is what we need MORE off. Please, everyone share this interview with anyone that will listen. 💯 🔥 👏

[@rogerwendt157]

This was by far the best guest that you have had that I have watched on your great shows. Speaks perfectly, too, which makes the total interview just that much better.

[@Rabbi393]

This is an exceptional interview that slipped through my cracks. Wealthion is an amazing resource for the public. Thanks for this.

[@russelllynch7409]

FINALLY!!! Someone who mentioned the only way to help fix the corrupt situation we’re in is through “austerity”…

[@mizzpzpossibilitiezzz1507]

I'm glad that he is honest about the all the terms/language used to describe this unavoidable situation. Ten different terms with one definition 🤔 and no we're not all knowledgeable that's the reason we are watching these episodes to understand what the financial and economy are going through at this point in time and what we can do

[@jannarosarius7630]

Excellent interview. Sums up everything that is going on right now really well.

[@marcocarlson1693]

Very excellent guest who really knows what he is saying. After having on Marc Faber recently, now Matthew Piepenburg, you are really hitting it out the park. Great Job, Wealthion is Proving to be the best Channel out there for explaining the truth of the financials realm.

[@tuhingatoha1134]

Matthew is another guy I would stay up all night to listen to. Thank you for bringing him to us Adam!

[@AJ-gq3tv]

More Matthew Piepenburg please!! Great interview!

[@timmyturner6976]

Absolutely amazing interview. Wealthion is the place to go to for the news that actually matters! The bold truth and the critical advice needed to navigate through these uncharted financial waters. Thank you, Adam!

[@myra9495]

Please have this guy on a regular basis

[@JohnDaniels]

About 75% into this and this guy is preaching monetary truths 💪

[@linger2001]

WOW!!!! What a brutally honest interview that was a well articulated description of where things are and are hading.

[@clarityquester1653]

Many of us viewers already comprehend most of Matthews talking points. Perhaps Adam you should seek out speakers who currently reside in Venezuela who could share their survival strategies from a day to day perspective. Most of us have no control other than to chart a personal strategy; especially if there is no way out other than a debt resets or jubilees. The lessons from Russia as they revalued their ruble may also help inform us of what could be ahead. A great deal of personal discomfort will exist for all of us if Matthews concerns materialize. Adam as always, your thought provoking guests help us all keep our sense of urgency in focus and to prepare the best we can with what we have. Great job Adam! It is appreciated!

[@johnnyairport2]

Adam, I hope you name-dropped Jeff M during this interview with Piepenburg! That would make his day!

[@Jeff__M]

Hahaha yeah it would! 😅

[@veerenchithriki2803]

So eloquent and explains the reality

[@DrAlanWeinstein]

You can’t get this kind of brilliance anywhere but Wealthion. Another great interview!

[@Daddio-et3lp]

Matt’s a genius! So are you for interviewing him, thank you

[@auntiefiat9769]

Matthew is simply outstanding and you, Adam, bring out the best in him (and really, all your guests). Another home run. We all thank you! Best subscription I have on KZbin.

[@mohammediqbal123]

Adam many thanks. Absolutely fantastic video with a great expert. Loved Matts honesty and his encyclopaedic insights

[@colinmorrison7203]

Outstanding. Very educational and useful for many of us. No easy way out. Just try to prepare

[@alphaomega1351]

Avoid personal debt like the plague! 😶

[@cjbond26]

Amen!

[@paddycoleman1472]

Excellent interview Adam. Thank you for arranging this.

[@brianfitzsimons8737]

Absolutely fantastic discussion! Occam and his Razor could not have done a better job and with a healthy dose of humility as well. Thanks.

[@AetherXIV]

this guys speaks straight. love it

[@Omareltoukhy]

Every single time I think I've seen the best interview you've ever done, you bring on a better one. Well done, and wow.

[@grimaffiliations3671]

Hes completely wrong

[@nhardaker]

One of the best interviews I've listened too. Intelligence, truth and knowledge ++++

[@brianclapham3421]

Great discussion! Thank you both!!

[@anthonys1087]

Excellent interview! One of the best, if not the best, interview you've done! "Be critical thinking." Might be the most important three words missing from our world today. A lot of what is pointing the world in the wrong direction has to do with a lack of critical thinking. Thank you for another awesome interview, Adam!

[@Jill-rb1qc]

This guy is adorable lol. Love how he explains everything. One of your best videos.

[@88peyote]

AMAZING INTERVIEW!!! Definetly Matthew should be guest to the channel every few months

[@dr.roberttesto4120]

Great presentation. Thank you both.

[@marlongalimore5871]

One of THE best ever! Bookmarked and saved in my "special" folder. I have been doing some serious thinking ever since I watched this one....and I watch a lot of them.

[@grimaffiliations3671]

Hes totally wrong about national debt

[@standinginthegap7118]

This is one of your best shows yet. Matt is amazing

[@rosen9425]

Absolutely great guest, hope to see him again delivering some clear non-bs insights

[@covecreek3377]

Thank you very much for your very informative videos

[@kingcryptocpa3028]

Excellent guest thank you very much

[@ehm5389]

Absolutely one of your very best guests. Thank you.

[@mirabellereyes2048]

This is the best interview. EVERYONE should watch this including JPow and Yellen.

[@ChrisGenXer]

The greatest economic content I’ve come across! Very intelligent and well spoke guest, really enjoyed hearing his perspective.

[@douglasgarcia7476]

What an excellent session Adam and Matt, as always very educational and eye opening 🙏

[@mattanderson6672]

Thank you!! Thank you !!! Gosh your guests just keep getting better Matt was brilliant, thanks for having him on

[@christopherbic7688]

Excellent discussion Gentlemen.

[@rogerward801]

This is why we need to hold to the debt limit.

[@farmerdude3578]

Frat party sounds like a great idea. Thank you . Great interview.

[@DjmMik]

The problem with Democracy is no one will ever vote for austerity that will impact them directly. Tax the other guy, cut the other guy’s benefits etc. but people will never elect a candidate that runs on an austerity platform that requires them to take the “financial medicine” and requires them to make financial sacrifices.

[@grantvegan1442]

One of you best and most insightful guests ever, thank you!! I want to hear more from him.

[@pyorba]

Fantastic as usual. Thanks Adam. Great summary of where we are today. A must listen for all plebs.

[@viahttp]

Been watching Wealthian for long now. I wanna point out Mathew's remark. " Sit down with your spouce and discuss how to save and cut down on expenses". MY point is how to make her understand that? If you mathew can answer that, i bet everyone will start seeing 60% of their Bank Saving aacount goes up annually.

[@MrComerford77]

I was listening to Peter Schiff, he was saying the central banks will choose inflation over doing what needs to be done and clear out the bad debts and have a stable dollar.

[@DiabeticDawg]

Matthew is concise and profound with each statement.

[@barbarajordan7376]

Adam, you have great guest on your show. But Matt Piepenberg is the “Crème de la Crème” I’ll listen to this broadcast multiple times. He’s so articulate, it’s hard to keep up.

[@andrewhaskell9078]

Closely aligns with Dalio's econ history book on debt / credit cycles. Check out Ray's All Weather portfolio and it's variants. I seem to remember commodities and gold had 25-30% allocation %. People laughed at that given how commodities were dead last on return until last year.

[@RobWilliams007]

Thanks Matt. Such an excellent interview.

[@KK-qc5ct]

Mathew's scenario of two people diligently interested working on repayment of a million vs abandonment on paying back a billion... is pretty much the way this things gonna play out. Put another way, if all major powers are in debt and insolvent, there is no reason to reset or tighten the belt.

[@ambarishbanerjee]

I have heard him previously on kitco and I absolutely love listening to him.

[@RobWilliams007]

Adam, I have been here since almost the beginning - thaaaaat was one of the best interviews yet.

[@cmdrcorvuscoraxnevermore3354]

Adam, this is an excellent video. Matt brought into focus the issues facing the economy today, and going forward, in the most engaging way. Very informative. Thank you.

[@nexttimeism]

Love Matt's (and Egon's) talks. You both had great questions and answers re the state of our planet. Always enjoy hearing from people that are outside of the US (Allistar, the 2 Australian brothers, Matt and Egon) that have a slightly different viewpoint. Great job Adam!

[@colechapman4055]

Definitely a great interview, thanks for having great guests on!

[@jamiethornton1518]

Best guest and show you’ve done Adam. Thank you!

[@nexttimeism]

Always a treat to hear (or read) Matthew (or Egon). Thanx Adam, love the channel

[@Theseus180a]

One of my favorite guests so far. Thank you Adam and Matthew

[@carrimycalifor]

I love almost all the guests, but he is definitely one of my top, top favorites!

[@JohnDaniels]

I said the exact same thing in the video I had made about the feds balance sheet. You see in 2019 when they tried to taper the balance sheet and they had a taper tantrum and then right after that they had to reverse course on quantitative tightening and start quantitative easing again and just about that time all sudden covi d just blew up, that sure worked out perfectly for them. They definitely had their escape goat.

[@llorens5880]

How about a video on how to protect and make decisions with 401`k’s. Very little options-no control, high hidden fees-short of quitting a job and rolling money out some of us are stuck.

[@williamrucki9293]

Excellent episode. I loved the material and Matt is an eloquent speaker.

[@Interopader]

Matthew is breath of fresh air.

[@bigalghe2627]

Matt is absolutely brilliant and we share most of the same views. As I said multiple time at the end of last year the best performing asset classes of 2023, and well beyond are going to be Gold, BTC and high end real estate, anything with scarcity value…