Matthew Piepenburg: The Great Reset – Weaponizing Our Debt-Soaked World
Matt Piepenburg once again joins Tom Bodrovics on Palisades to discuss the Great Reset proposed by Klaus Schwab, and how it is a symptom of a broken and debt-soaked developed economy. Matt believes Schwab is an opportunist taking advantage of the COVID crisis, and his idea of ‘stakeholder capitalism’ is actually extreme centralization. This has never worked in history and has led to an addiction to debt, which has been weaponized by pharmaceutical companies, science, the media, political parties, and regulatory bodies.
Matt argues that journalists are no longer unbiased and have become propaganda tools. He believes many politicians have become opportunists and most people are good, but their faith in politicians is fracturing. Matt believes that any type of centralized system goes against human nature and the debt crisis has caused a massive wealth transfer from the lower and middle classes to the top 10%. This has left people too tired and too debt-strapped to take a stand for their freedom and makes them vulnerable to opportunists like Schwab.
Matt argues that the stock market has gone up due to money printing and rate repression, which is not what Adam Smith or free market capitalism was designed for. This has been great for the top 10% of American wealth, but it has destroyed the middle class and caused an addiction to this type of easy money. Matt believes that central bank policies have had an inflationary, social, wealth transfer, or political effect, which Ben Bernanke was awarded a Nobel Prize in Economics for. He calls out George Santos and Sam Bankman-Fried for their lies, and believes politicians should be held accountable for their decisions.
Matt believes that an objective truth is needed to determine what is right and wrong, and that the inflation scale used to measure the economy is completely fraudulent yet still widely accepted. He believes the Fed’s pivot to quantitative easing will cause hyperinflation and further fracture faith in the Fed. He suggests that a reset may be the only option, but this could be highly chaotic and could be used to control people.
Matt explains that gold is a valuable asset for currencies and is an inflation hedge. He also likes agricultural land and Bitcoin’s narrative, as gold offers certainty and security. He believes the US will experience stagflation, with slow growth and rising inflation, and that the Fed’s pivot will be very dangerous. Matt encourages people to think more critically, question what they are being told, and be open-minded to changing their opinions. He believes sound money, regardless of what form it takes, is the solution to the issues that come with printing money.
Time Stamp References:
0:00 – Introduction
0:50 – The Great Reset & Debt
13:45 – Collectivism Vs. Freedom
23:13 – Free Markets Are History
29:25 – Metrics and Fictions
31:58 – Fed Pivot & Narratives
43:40 – Modern Journalism
50:33 – Sound Money Alternatives
55:46 – Quantitative Kool Aid
1:02:22 – Wrap Up
Talking Points From This Episode
- Klaus Schwab’s Great Reset is a symptom of the broken and debt-soaked developed economy.
- The debt crisis has caused an addiction to debt and weaponization of pharmaceutical companies, the media, political parties and regulatory bodies.
- Centralized systems goes against human nature and has caused a massive wealth transfer.
- Gold offers certainty and security as it cannot be mouse-clicked, hacked, or recreated and can’t be controlled in the same way as a central bank digital currency.
Matthew Piepenburg is the Commercial Director of Matterhorn Asset Management AG and the acclaimed author of the Amazon #1 Release, “Rigged to Fail”. He is fluent in French, German and English, and a graduate of Brown (BA), Harvard (MA) and the University of Michigan (JD).
Prior to joining MAM, Matthew invested 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. He also worked closely 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. His conviction that precious metals provides the most reliable and longer-term protection against potential systemic risk ultimately led him to join MAM.
Matthew’s widely respected reports on macro conditions and the changing behaviour of risk assets are published regularly at SignalsMatter.com.