Raoul Pal: We Are All DEBT Slaves
Real Vision: Finance & Investing
Peak Fiat: The Demise of the Fiat Currency Debt-Driven Bubble Regime
Central banks started printing money to save the system, causing a denominator effect and boosting asset prices. However, these actions were more about optics than reality. When assets since 2008 are divided by measures like the Fed balance sheet, there has been no real growth. In 2008, the world broke due to hitting 'peak fiat,' which marked the end of the fiat currency debt-driven bubble regime and led to a global GDP decline.
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