Interview with Christian Zulliger I have long been fascinated by the far-reaching consequences and the great potential of the wave of new technologies and ideas that emerged with the crypto revolution. While most of us first came into contact with these concepts in 2017, this tectonic shift that is only just beginning has been in …
Category: Economics
The owl has landed: Lagarde’s new vision for the ECB
On December 12, Christine Lagarde introduced her goals and vision in her first rate-setting meeting as the new President of the ECB. On the actual policy front, there were no surprises. She remained committed to the path set by her predecessor, Mario Draghi, and kept the current monetary stimulus unchanged. The central bank kept its …
While everyone talks, Bitcoin just keeps running – Part II
Claudio Grass (CG): During the 2017 hype, when most people became aware of Bitcoin, it was mainly sold as the payment vehicle of the future, as a great investment for the “little guy” who has no access to equity markets and even as a store of value that would replace precious metals. In your opinion, …
While everyone talks, Bitcoin just keeps running – Part I
I have long been fascinated by both the progress made so far, and by and the promise of this new era of decentralized money that is only just beginning. Although I lack the technical expertise to fully understand the finer points of the code behind the different cryptocurrencies or to assess the nuances of the …
Corporate Debt Time Bomb
While I have reportedly highlighted the many risks of the current monetary policy direction and the multiple distortions that it has created in the markets, in the economy, and even in society, one of the most pressing dangers of the unnaturally low rates and cheap money is the staggering accumulation of debt. Nowhere is this …
The destruction of civilization – implications of extreme monetary interventions
When I was asked to write an article about the impact of negative interest rates and negative yielding bonds, I thought this is a chance to look at the topic from a broader perspective. There have been lots of articles speculating about the possible implications and focusing on their impact in the short run, but …
The ECB’s “mea culpa”
Economists, conservative investors and market observers have been issuing stern warnings for years regarding the severe impact of the current monetary policy direction. The problems In a recent statement, ECB Vice President Luis de Guindos warned of potential side effects and risks to the economy resulting directly from the central bank’s policies. He outlined how …
The Evolution Of The Bank Run
There are numerous and wide-ranging reasons why someone may choose to invest in physical precious metals. A deep understanding of monetary history provides plenty of solid arguments, and so do the mounting geopolitical risks, the spiking probability of a recession and the long-term goal of many conservative investors to safeguard their financial self-determination. For me, …
“We don’t have to behead the king if we can just ignore him” – Claudio Grass
“Negative interest rates are unsustainable and once investors decide to stop paying for the privilege of holding government debt, a banking crisis could result, says James Grant.”
Returning SBTV guest, Claudio Grass, speaks with us about the unsustainable pensions, crumbling fiat currencies and a looming financial crisis in a world of insane central bank monetary policies.
Discussed in this interview:
01:31 A looming global recession ahead?
06:47 Money printing by central banks at its limits
08:18 Governments and central banks are out of control
11:14 Pensions are not sustainable especially with negative interest rates
15:46 No bright future for the dollar and euro
24:03 Lack of gold backing: Cause of economic woes
26:58 Digital world can offer freedom away from centralization
28:50 Prioritize hard assets to protect wealth
QE by any other name
“The essence of the interventionist policy is to take from one group to give to another. It is confiscation and distribution. “ – Ludwig von Mises, Human Action In less than a year, we have witnessed an unprecedented monetary policy rollercoaster by the Federal Reserve, which began with a momentous U-turn in the central …