Paul Buitink talks to Matthew Piepenburg, partner at @GoldSwitzerland, about Trump, the tariff war between China and the US and whether Trump is showing the art of the deal or whether he caved in.
He understands Trump though when it comes to protecting certain industries. And China has major problems too, including debt and real estate and too much reliance on key imports.
Piepenburg thinks the US debt ($37 trillion) and unfunded liabilities ($100 trillion) are unsustainable regardless of the steps Trump is taking. They are at World War II levels in peace time. Not even Santa, Einstein or Mother Teresa can solve the debt crisis.
The world order is changing and the US should create allies, not conflicts, says Piepenburg. There are cycles of debt and hegemonic decline. The bond markets are not allowing it anymore.
Worldwide there is too much debt too and he believes they will try a global IMF CBDC desperate reset as a solution. Gold as Tier 1 asset may play a role too Piepenburg says.
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https://x.com/paulbuitink
https://www.hollandgold.nl/en/
Follow Matthew Piepenburg here:
https://vongreyerz.gold/author/matthew-piepenburg
https://x.com/GoldSwitzerland
Timestamps:
0:00 Intro
1:38 Tariff war VS and China, who won?
12:20 What would be the right MAGA policy?
16:05 Trump trying to reduce deficit
21:12 Weak dollar hegemony and Mar-a-Lago accord
25:57 Are QE and inflation the only outcome left?
31:23 Global CBDC
38:28 How sustainable is the European Union
42:40 Gold as Tier 1 asset
47:17 Do commercial banks buy gold?
50:28 Outro