Matthew Piepenburg: How The Fed Will Usher In Its "Miracle" Banking System Under Guise of Protecting You

Stansberry Research, Released on 5/1/23

The de-dollarization is "a watershed moment," says Matthew Piepenburg, partner at Matterhorn Asset Management. "The world's reserve currency is not going to change," he continues, highlighting that the U.S. dollar accounts for 60% of the global currency pool. As a result, he claims what's changing is "the hegemony, the respect, the trust for the U.S. dollar as a payment system." Additionally, he argues that BRICS countries began trading with each other using alternative currencies because the Fed's interest-rate hikes made the US dollar too expensive. "Foreign treasuries and foreign nations have been dumping U.S. treasuries throughout 2022... $14 trillion in foreign debt has to be paid in U.S. dollars," he continues. "The fiat game is not sustainable. This debt game is not sustainable... You can't keep solving the debt problem with more debt," he concludes. Matthew says FedNow and other central bank digital currencies only serve to expand the government's control.

00:00 What will the Fed do next?3:36 Why can't the Fed be truthful?8:04 Bogus Consumer Price Index data10:47 Petrodollar and de-dollarization14:39 BRICS19:45 Gold-backed currency21:25 Central bank digital currencies27:19 How far are we from a true CBDC in the U.S.?29:10 Banking system33:00 Gold40:41 Final thoughts on the market

Matthew Piepenburg began his finance career as a transactional attorney before launching his first hedge fund during the NASDAQ bubble of 1999-2001. Thereafter, he began investing his own and other HNW family funds into alternative investment vehicles while operating as a General Counsel, CIO and later Managing Director of a single and multi-family office. Matthew worked closely as well with Morgan Stanley's hedge fund platform in building a multi-strat/multi-manager fund to better manage risk in a market backdrop of extreme central bank intervention/support. The conviction that precious metals provides the best protection against potential systemic risk led Matt to join Matterhorn Asset Management. Read Piepenburg's writings here: https://goldswitzerland.com/author/ma...

Matthew Piepenburg: How The Fed Will Usher In Its "Miracle" Banking System Under Guise of Protecting You added by Herman James on 04/30/2023View all posts by Herman James ?+'