Video News/Market Analysis

The U.S. economy is facing a hidden debt crisis that makes growth ‘mathematically impossible,’ warns Matthew Piepenburg. In this interview with Kitco News Anchor Jeremy Szafron, Matthew Piepenburg, partner at Von Greyerz and author of Rigged to Fail and Gold Matters, analyzes October’s weak job growth, third-quarter GDP slowdown to 2.8%, and rising inflation, as reflected in the core PCE index’s 2.7% year-over-year increase. Piepenburg argues that these figures barely scratch the surface, pointing to what he sees as an ongoing recession for many Americans. He dives into the global pivot toward gold as faith in fiat currencies wanes and explains why Modern Monetary Theory may offer only short-term relief at best. This video is brought to you by Goldback --- Inflation-resistant, 24K gold currency. Learn where to get Goldbacks at https://www.goldback.com/