Wealthion - Be Financially Resilient cover image

Will 'Too Much Debt' Prove Fatal To The Global Economy? | Matthew Piepenburg

Wealthion - Be Financially Resilient

00:00

The Ponzi Scheme

What we have as monetary policy, and this is something David Stockman said years ago, is effectively a Ponzi scheme. Anyone holding long duration treasuries lost $2 trillion in market value on the collateral,. Those treasuries are considered risk-free return but when measured against inflation, it's return-free risk. And so for Powell to pretend to be Volcker is frankly disingenuous.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app