Unavoidable Crisis Ahead: We Have Too Much Debt That We Can't Afford | Matt Piepenburg

When asked last month if the US economy was heading into stagflation, Fed Chair Jerome Powell said he didn't see the "stag" nor the "flation" in the data he looks at.

Well, US Q2 GDP growth estimates as forecasted by the Atlanta Fed's GDP Now service are plunging.

And Q1's weak reported GDP growth rate of 1.6% was revised further downwards to a paltry 1.3%
That's some "stag" right there.

And CPI remains quite sticky at 3.3%, solidly higher than it was 9 months ago. So that's some "flation"

To learn how to protect the purchasing power of your wealth in an increasingly stagflationary environment, we're fortunate to be joined today by Matt Piepenburg of Von Greyerz Gold.

#debt #goldprice #currency
_____________________________________________

Thoughtful Money LLC is a Registered Investment Advisor Solicitor.

We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.

We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor in good standing with the Financial Industry Regulatory Authority (FINRA) who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.

IMPORTANT NOTE: There are risks associated with investing in securities.

Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.

A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.

[rccalhoun]

This guest had me mesmerized. He articulated without one wasted word the entire global conudrum. Best interview ever!

[livesimply_]

Debt is borrowed labor. The US has wrung up 34 Trillion is borrowed labor or productivity. Think about the immorality of stealing the future labor of the people.

[chadbriddell]

When is this guy coming back? One of the best evaluations of the economy I heard on this channel and I have watched this program very often. He was phenomenal!

[markhilgart]

Thanks for having Matt on the channel - he's so insightful and articulate in his common sense views of reality.

[virtualdabbler]

The realest rant I’ve heard all year. We will be playing this back in 2028.

[markwriter]

You don’t own gold unless you can hold it in your hands. A peice of paper will not be honored.

[heywoodjablome]

Always great guests, but Matt is probably my favorite. Knowledge, presentation, interaction...he is fantastic. He needs to be on more often. Ke3p up the good work, Adam.

[angels]

Matt is one of my favorite guests on this channel. Awesome interview as always! Thanks, Adam!

[jerrysteffy]

This interview with Matt was profound, intense and riveting. Combine this with the content of the recent Fred Hickey interview, and you really have the true economic conditions and status of the U.S. Cannot say enough about these two interviews. So many Wall Street experts continue to put their heads in the sand and live in denial.

[joycekoch]

I wish to encourage young people out there struggling.
I have worked two jobs for 50 years but despite the poor salary I will be able to retire at age 75 this year.
I look forward to about 7 years of retirement so it still is possible to retire.

[waisrainy]

I watch almost all your interviews and this was one of my favourites

[stevem.]

Ed Yardeni..."S&P to 8, 000"
Danielle DiMartino...."The recession started 9 months ago."

What the....

[chubiforever]

I've been a longtime follower of Adam Taggart, but something's bugged me about his guests. Most seem isolated from global realities. They acknowledge America's overspending on the world stage, but cling to the belief that U.S. dominance will persist. I predict a harsh wake-up call for Americans in the near future.

[kelvintran]

Matt Piepenburg, John Rubino, James Lavish, Jack Gamble

[mareecrick]

Piepenburg is one of my favourites. The country I reside started a per capita recession Jan 23. June will be 6 consecutive quarters of per capita recession. Rates on hold since November 23. I expect to remain on hold all of 24 due to Fiscal/ monetary impasse. Some frogs have boiled, some are cooking and some are sunbathing on a log.

[chrispadilla]

34 to 36 minute of this video is absolutely what everyone needs to understand.

[Spinonemaster]

I'm 69, retired and "comfortable" ... own my house, low debt .... I was always a positive, see a way out type ... but each day I see no progress on this debt bomb .... I don't see this ending well ... I'm glad I bought gold and silver back in 2012 ... when I saw this coming ... I knew a couple of wall street guys who survived the crash of 1929 ... people forget that before the crash ... "everything was fine" .... leveraged to the hilt, overpriced, and damn the torpedo's

[Fightfortruth]

Adam you are my favorite YouTube channel both for your wisdom, and the quality of your guests. I wish more people would step out of this fallacious financial system and prepare themselves for the inevitably painful future

[spiritofgoldfish]

The only reason the debt is a problem is that it's the wealth of the ruling oligarchy.

[barbaraatkinson]

Adam, Matt is nothing but brilliant, thanks