Strong Economy Narrative Is Farcical! with Matthew Piepenburg

Interview recorded -1st of April, 2024
On this episode of the WTFinance podcast I had the pleasure of welcoming back Matthew Piepenburg. Matthew is a Partner of Von Greyerz AG.
During our conversation we spoke about what is currently happening in the economy, why speculators are the only ones making money, no alternative to the US Dollar, Financial repression, wealth divide and more. I hope you enjoy!
0:00 - Introduction
1:45 - What is currently happening in the economy?
5:57 - Debt owned by bottom 50%
13:25 - Speculators the only ones making the money?
18:22 - No alternative to the US Dollar
28:22 - Strong US Dollar moving forward in short-term?
33:23 - Potential for Financial Repression?
37:33 - Is there away out of the current crisis?
40:19 - How do you get rid of the wealth divide?
45:00 - Last question to takeaway from podcast?
Matt began his finance career as a transactional attorney before launching his first hedge fund during the NASDAQ bubble of 1999-2001
Thereafter, he began investing his own and other HNW family funds into alternative investment vehicles while operating as a General Counsel, CIO and later Managing Director of a single and multi-family office. Matthew worked closely as well with Morgan Stanley’s hedge fund platform in building a multi-strat/multi-manager fund to better manage risk in a market backdrop of extreme central bank intervention/support. The conviction that precious metals provides the most reliable and longer-term protection against potential systemic risk led Matt to join VON GREYERZ.
The author of the Amazon No#1 Release, Rigged to Fail, Matt is fluent in French, German and English; he is a graduate of Brown (BA), Harvard (MA) and the University of Michigan (JD). Along with Egon von Greyerz, Matthew is the co-author of Gold Matters, which offers an extensive examination of gold as an historically-confirmed wealth-preservation asset.
Matthew Piepenburg -
LinkedIn - / matthewpiepenburg
Website - vongreyerz.gold/
WTFinance -
Instagram - / wtfinancee
Spotify - open.spotify.com/show/67rpmjG...
iTunes - podcasts.apple.com/us/podcast...
Twitter - / anthonyfatseas
Thumbnail image from - www.wbbjtv.com/2023/02/27/202...

[@jxschw]

Matthew interviews himself making Anthony's job easier. I enjoy listening to Matthew P.

[@Casey-rr7th]

Matthew is incredibly insightful. Damn, I wish we had people like him in the government. It’s encouraging that someone of his knowledge and wisdom is out there. Great conversation!

[@justfedup]

lol don’t you know , you gotta be crooked to be in politics

[@julians472]

Such a wonderful and intelligent speaker is Matthew Piepenburg.

[@Rittlesleo]

A very sobering discussion.

[@WTFinancepodcast]

Unfortunately so, thanks for watching!

[@martinbutler3306]

Anthony, thank you for inviting Matthew to the show.

[@robertmiller5835]

Matthew is a great guest.

[@jjkandong9337]

Mr. Piepenburg; Your Insights are excellent n extremely informative much appreciated.

[@jxschw]

"Farcical" is the nicest word we can use. This has been pure trash and the masses soak it up. Although it's a "K" economy/growing wealth gaps. If you have assets then inflation helps move them up...but if you're poor then higher inflation just means you have to spend more without assets increasing in value. There are large swaths of the population that have no concept of how many people are suffering economically.

[@SuperHOWARDL]

Great interview fellas! This is the clear,blunt talk we need. Keep pounding and add a touch of prayer,even deeper humility and I always ask for the same in my Life. I love Hemingway yet let's remember how his life ended!!

[@tatagata6268]

One of the credible voices on youtube, not only a salesman.

[@marktracey7318]

I just love listening to Matthew, smooth. Just finished his book “Gold Matters “. After reading that moved onto “Fiat Money Inflation in France”. The parallel to present day is amazing.

[@MrPatrick1414]

Matthew is great...he voices and articulates exactly what I'm thinking!

[@marilynnschroeder4436]

Greatest wealth transfer in history; Right on Matthew! Politics is just a smoke screen for the wealth transfer!

[@user-99.99]

Pipenburg is always a great listen. Thank you both. ❤️🙏💪

[@fmg4537]

God bless you Matthew Piepenburg!

[@mareecrick2379]

M piepenburg is one of my favourite speakers. Will be watching short term t bill rates just before US election out of interest.

[@p_sg3449]

One of the very few videos I'll watch again. This guy has given me new insights.

[@johnwilkins9936]

Piepenburg is clearly one of the best!

[@WTFinancepodcast]

Agreed, not many share their views as well as Michael does. Thanks for the support.

[@blauetoile]

It'salways a pleasure to listen to Matthew. TY, Antony, you're a very bright young man.

[@WTFinancepodcast]

Agreed, Matthew is one of the best. Appreciate the high praise, thank you very much!

[@eugene1059]

Piepenburg is an informative listen, Thank you Anthony

[@WTFinancepodcast]

Agreed, he is one of the best. Thanks for watching, appreciate it!

[@Eli-qr9hc]

An amazing and with great insight. Great guest.

[@peterk219]

Matthew P, an amazing intellect. Love listening to him.

[@ozzysoyad7711]

what a phenomenal mind. his thoughts are well organized based on facts and evidences, and he articulates superbly!

[@dunnsdale]

Great interview Anthony, much appreciated! 👏👍

[@scrambaba]

Wow, great guest with an overarching perspective that isn‘t just market cheerleading.

[@toppersunglasses9288]

Wow great interview with historical references

[@mschreibernaoual]

Good stuff... Keep em coming.

[@briancutsinger]

Great Piepenburg!🌞

[@WTFinancepodcast]

Agreed, he is great. Thanks for watching!

[@user-pr6fd4gp2f]

Thanks . Probably best podcast ive listened to date .

[@WTFinancepodcast]

Thank you so much for the high praise, appreciate the support!

[@klmn2000]

Great interview, Anthony! Thank you.

[@EJS0100]

Amazing interview! Matt Piepenburg has thought this through. Listen to him.

[@andrewstewart7425]

The dog food I buy monthly went up $15 last month from $30 to $45. I just bought a decent fast food meal and it was $20. The people at the counter want a 15% tip to ring me up. Inflation seems high in my life.

[@DashingMax]

Thank you for this interview

[@aravinddnivara803]

Matthew Piepenburg is brilliant and so genuine in a world where ever damn analyst is biased based on political party or ideology.

[@gregorysagegreene]

One wonders, based on your minute and a quarter intro, if the 'Roaring Twenties' a hundred years ago was historically re-written to assume that The Few meant The Many. Are we there again? After seven minutes his concise and compacted assessment of a range of ideas relating to the inevitability of everything was blowing me away. "Saving the system .. and buying temporary prosperity ... by killing the currency to debase the debt ... just leads to permanent ruin." - The Central System is repeating what France did in the late 18th century. "We're broke, the country's broke, by 70's measures we had inflation last year at 18 percent, not three and a half percent ... when the facts are bad, we lie." Same thing on 'relative strength' happened in 2008: U.S. was best horse in the glue factory while everyone else was in the ICU. A generation of prosperity post WWII, then 3 generations of a 'slow' hidden descent into hell for the rest of us. Now, the 'suddenly' is here. 'Mouse-Click Money' --> Social Unrest.

[@robertmiller5835]

I don’t trust ANY politician by virtue of them being a politician.

[@rokyericksonroks]

I’ll buy that.

[@somejohndoe3004]

Great interview, fabulous guest. 🪶

[@jamespollard8090]

Fantastic interview!

[@surfbum8166]

Matthew nailed it

[@WTFinancepodcast]

He did! Thanks for watching, appreciate the support

[@taratong9074]

Great interview

[@itsonelouder1]

Great interview, great guest.

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊

[@petergozinya6122]

Thank you Anthony

[@MissMoneyMindset]

Fantastic interview

[@dazedhavoc]

You’re doing great!

[@RobWilliams007]

Man, I just love Matt.

[@mertyalciner5728]

Great work Anthony

[@garyschneider6644]

I’d love to hear a discussion between Matthew and Edward Yardeni! Anthony, could you try to get them both on your show?

[@danielthompson3882]

great show as always 🙏

[@BatmanBoss]

Thanks

[@davidlea-smith4747]

Very interesting interview. I was wondering why 10 year treasuries have not gone above 5% again.

[@mikemcglauflin8985]

People indeed are economizing. It's the securities markets that are meeting reality.

[@Eric-is1jt]

Answer to 4930,thats a good question,they say many things tĥey may not really much in but the market says buy cause we said so. Sometimes they are right,sometimes not.Like most things in life,its a gamble.

[@ILLUMINATOR49]

Please listen to this when you’re relaxed and want fantastic financial education to guide your life

[@toppersunglasses9288]

Food prices are sky rocketing

[@rossforrest5181]

"Flying on rotten wings." HYB!

[@GranFinale]

This whole format of a black and white preview of comments made by macro economic guests before their interview looks eerily familiar. Hmmm...where have I see seen it before ? #libertyandfinance

[@Eric-is1jt]

Printing too much money in circulation plants the seed for inflationary greeeeed!😅😮😢

[@_auraboy_]

❤❤❤❤❤

[@bucephulus4600]

Talking of parallels, read A T Jones ‘The Two Republics’ linking Ancient Rome and the United States. When Napoleon’ general, Berthier, took the pope prisoner and confiscated church assets, it struck the Catholic Church, a deadly wound. This was the direct fulfilment of the 1260 day prophecy from the book of Daniel 7:25, and Revelation 11:3 and 12:6. We are in the time of the end.

[@BryanThornton-jt3zn]

If you've got access to Grants podcasts, the 20% buying in not $ isn't right. Brent Johnson explains, but the work behind the 20% number is questionable at best. Examples are China inter country trade is counted in Yuan. But to get it into China it was bought with dollars. Generally agree with the opinion that the world needs a US $ to keep it all going. Just don't agree with the statement that the US dollar is done. Over time, sure, but not imminent or immediate in my opinion.

[@WTFinancepodcast]

Agreed, it anything countries are going away from other currencies such as the Euro and Pound to the US Dollar

[@BryanThornton-jt3zn]

Yeah, they kinda have to. Brent said this, but something like 30 trillion is non US country debt is owed to one foreign country by another foreign country. Like Sweden owes Brazil for example(have no idea if that's true but just as an example). I'd guess there's a desire to get away from the dollar if you're a non-US debt holder but people seem to think it's an overnight thing where the dollar loses it's effect. The take may be right, but the timeline is likely much longer than what's being stated. My thoughts anyway.

[@jcgoogle1808]

17:00 Much respect for the comment. Glad to see Piepenburg finally allowing one more option to his previous only 2 options for the US fiscal abuse and debt end game,... which were,.. 1. Default on the debt or 2. Hyperinflate our way out of debt. (Neither of which would actually solve the deficit spending/ debt/money printing problem.) For which I've blasted him in comments on videos over the last year or so,.. for not even considering,.. an option that would solve the problem,... Retuning to fiscal sanity and some temporary austerity,.. which he finally mentions around 42:20,.. but not before in the preceding 5 or 10 minutes again saying there are only 2 ways out,.. 1. & 2. above. But even with that he seems to be getting better showing fewer signs of falling into full blown despondency,.. all of which has been brought on by the destruction of the US and its citizens standards of living as a result of the policies of this insane andcriminal senile ole joe admin and the demcorats and their goal of trying to make it so that demcorats take permanent control of the government. Great video. Thx.

[@johnweibel1128]

I take some issue with your guests use of the term "feudalism". At least on paper, the Lord was to care for his Serfs. These days, the Serf is treated no different then the waterwheel. An interchangeable part to be discarded when used up.

[@jeffreyestrada5935]

New favorite drink: 1786 xo cognac

[@alisra007]

👍

[@user-jt5md6yy9c]

atlast some truth

[@saksitb3491]

Misinterpreting labor force survey data. Look at definition of employment.

[@billypickren758]

Even if we do lower rates that's not gonna help us

[@David-yn7wl]

I think gold will move in one hundred to two hundred dollars up in one night.its just a matter of time

[@ask_why000]

Apparently "the facts" are negotiable.

[@jhull5870]

Bingo! The stock market has not reflected the real economy for the last decade.

[@WTFinancepodcast]

Definitely has been a divide

[@lancemairs4956]

Let them eat bugs!

[@ramsineivaz]

such an intelligence and how all the fools are chasing the markets!

[@jackgoldman1]

Too many people working as IOU debt slaves. Get a job with skills and be self employed. Protect yourself. Live low, save high.

[@oboknb1oboknb147]

China in RECESSION?! Where did this guy come from?

[@designomatic]

He says to look on both sides of politics, but the truth is on neither. Only state media says China is in a recession.

[@richdilorenzo8145]

Perhaps it will come out here, but I have yet to hear any real commentary about the effect of the Wars in Ukraine and Israel etc., have on the US stock market. I would think that money from foreign investors is coming into the US and going into our markets propping them up. Hard to fight money seeking safety, or at least what the foreigners view as safety, that being a relative thing.

[@tryolegend]

I would make the reference to politicians than the entrepreneurs. We have too much policies crafted by politicians that screw the little guy over. Yet the little guy keep voting for these politicians. When you are prudent you pay for ur student debt your parents pay for ur student debt while someone else student debt just get forgiven. You’ll get pissed off being prudent. When you keep gold and silver and when it goes up. They just say you are the hoarders and manipulators. You deserve to get your gold and silver confiscated. We don’t have policies that reward the right behaviour and the bottom 50 keep on voting in people whose policies keep screwing them over. Sometimes i say they deserve it.

[@peacefreedom4930]

He said, “ if I were a FED official, I’d say the same thing. If I was trying to keep my job, and keep the system going based on words rather than math, I’d say the same thing “. That’s extremely disappointing. It suggests that he and others are perfectly fine lying to the masses if it benefits them personally. These lies will eventually have an enormous negative impact on millions of Americans. Does anyone have any morals? An honest person isn’t honest because he/she isn’t being paid enough to lie. This tells me the guest isn’t an honest person in general. So how do I believe anything he says?

[@WTFinancepodcast]

I think it goes further than that, if you understand how it works and know the consequences of collapsing the system, then you would try and prevent that. You don’t want to be known as the FED chair who crashed the global superpower.

[@peacefreedom4930]

@@WTFinancepodcast Actually, I’m an honest person. If we had honest people in these positions the economy never would have gotten this far out of control. As long as they keep covering up all the corruption, it will continue. Every superpower in history has fallen and every fiat currency has collapsed. All have failed due to the extreme money printing/devaluation of the fiat currency. I’d want to be known as the Chairperson that did the right thing. Playing musical chairs to push the problem down the road, to collapse during the next person’s tenure isn’t an accomplishment. Robbing the hard working citizens of their wealth is nothing to be proud of.

[@krismaitland7885]

He wouldn't allow that to happen......

[@mikem4432]

just like in 2008 CISCO popped so will AI.. stocks are way way overpriced. and it will drive a massive correction of the markets.

[@gnosticnonsense9829]

Debt is VERY stimulating... If I lend you $1 trn- spend max $1 bn, & put the rest in Stocks & earn $100 bn ? Farcical; business has alway been socialpathical, & then ?

[@lovejones123456]

Great show! How do we eventually sell our gold to fund our needs, when the time comes?

[@cvgguy98]

I would say don't put all your fiat currency into gold. Keep enough out for daily needs, bills, emergency fund and then put into gold. But, any coin shop will be happy to buy your gold. Also, you can buy from reputable dealers like Schiffgold, Miles Franklin, APMEX (I have purchased from all and even have a storage arrangement). Have heard good things about many others not to exclude them. But if you can become a customer of a few, you open up more avenues to liquidate your precious metals as needed. Keep accumulating as you can and don't forget about silver and investing in precious mining stocks. Best wishes.

[@michael2275]

Sir, your gold is naked. You need a bit of bitcoin to cover you.

[@marsmotion]

when the power goes what is your bitcoin worth....seeds are your future money and ability to grow food.

[@michael2275]

@@marsmotion Ok boomer

[@InvestingWithAdamK]

Hmmmm. I guess earnings going up is just a lie.

[@WTFinancepodcast]

Can earnings continue rising at this pace? Must be atleast a pause now or again

[@InvestingWithAdamK]

@@WTFinancepodcast Yes they can. If there is inflation that means higher earnings. You don’t think companies like Meta or Amazon or many others will be able to continue to grow earnings? Why wouldn’t they be able to?

[@RobWilliams007]

Trust our leadership???! Ha ha ha.

[@georgemansell2538]

No by

[@user-mn8cx4kp5y]

well. you know what is funny? as a Chinese, the only place I heard of Chinese social credit system is west media like you guys...

[@rokyericksonroks]

No one knows for sure. The whole thing might be a Deep State program.

[@provosta]

Why is such a - for lack of a better moniker - “small” channel offering analysis so far superior to the nonsense spouted by so many supposedly big-time economists, government officials, and speculators (because that is what those who play the stock market are)?

[@DefaultModeNetwork]

As a Hedge Fund manager who profits on uncertainty, fear and confusion I suspect that Mr Pipenberger profits from this type of story. The more smoothly and convincingly he tells the story the more he profits. I’ve always believed it’s important to understand people’s motivations before just buying in. My two cents and it’s free🙂

[@bradd4]

It’s unfortunate he didn’t take this interview serious enough to silence his phone. And again. And again. And again. Ding ding. Ring.

[@ats89117]

I hope this was serious and not an elaborate April Fools joke! 🤣

[@4mb127]

Same.

[@gussoldtimeradioshows4902]

Another video that won't age well. The government is on a spending spree that will never stop.

[@danhirz5498]

Your long winded interuption of such a brilliant financial guest is the very reason I can't subscribe to this channel

[@PaulbylPaulbyl]

I can barely understand this interviewer's English accent, painful. And his questions are just from a script not building on MP's comments.

[@WTFinancepodcast]

Thanks for watching, unfortunately can’t kick the Australian accent out of me!

[@janeburgold1629]

Thank you Anthony. Terrible interview!

[@dudewheresmyguitar21]

What an absolute miserable world were living in. Hes right about everything. Yet american politics and big business will stubbornly continue to do what theyve been doing, ignoring and crushing every citizen in their path.

[@Eric-is1jt]

Eventùally we will become more responsible with concept of money when half of us cant pay most of our bills and no one else will eitĥer.

[@JC-cf4rs]

Great interview

[@icecoldfroste]

👍

[@Isaacsingssongs_1945]

👍