The Reborn 1920s: Inside the Global Credit Inferno

The Reborn 1920s: Inside the Global Credit Inferno

Where euphoria reigns, debt explodes, and the next great reckoning looms

In this compelling discussion, Alasdair Macleod joins Matthew Piepenburg to explore the striking parallels between today’s global economy and the:

Speculative frenzy of the 1920s.

Macleod contends that we are living through a reborn Roaring Twenties—an era defined by runaway credit expansion, euphoric markets, and unsustainable faith in central banks.

Unlike the original 1920s, this modern version is borderless: a synchronized, debt-fueled boom spanning every major economy. Together, Macleod and Piepenburg trace how decades of monetary manipulation have created a global credit inferno—one that burns hotter, spreads faster, and threatens a far greater collapse than the crash of 1929.

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