Is the latest 3.8% CPI print just another energy-driven inflation scare, or is the $40 trillion U.S. debt trap finally springing?
Matthew Piepenburg, Partner at Von Greyerz, joins Jeremy Szafron to break down the massive disconnect between Main Street reality and Wall Street fantasy.
As 30-year U.S. Treasury yields hover near 5% and real wages fall, Piepenburg explains why the bond market has taken control away from the Federal Reserve.
They discuss the immediate spot price disconnect in precious metals, why physical gold is migrating East, and the “invisible tax” of inflation that is actively destroying the middle class.
Finally, Piepenburg reveals the hard math behind a $20,000 gold target-arguing that gold is not in a bubble, but rather paper currency is in a terminal decline.
