Savings

Matthew Piepenburg joins Michelle Makori to discuss the ongoing Silicon Valley Bank collapse, and what it means for markets, gold, and Fed policy. Topics cover inflation, gold price, de-dollarization, Central Bank Digital Currencies and risk.

The latest headlines, of course, are all pointing toward the ripple effect of Silicon Valley Bank (SVB), and they should be. This banking metaphor for the tech sector in particular and the previously described disaster in California as a whole or the matter of banking risk as a theme, require unders...

The failure of Silicon Valley Bank (SVB), the 16th largest US bank by assets, has put the financial markets under pressure. Beyond the systemic risk to the US tech ecosystem, the bank run phenomenon could spread to the entire banking sector.

In this interview with Chris Waltzek of GoldSeek Radio, Egon von Greyerz, covers a wide swath of global financial issues—from inflated asset bubbles and macro inflationary forces (and hence declining currency power) to stressed pension funds, fantasy CBDCs and unsustainable debt levels. All of these...

The debate about central bank losses (which applies not only to the eurozone but to many countries in the West) shows us more than ever how much our system of unlimited debt is suffering. A new paradigm must be opened as soon as possible, where money creation would be rethought in depth to truly ser...

For at least half a century, the world has been in a process of self-destruction. As the decline accelerates, the next phase of 5-10 years will include major political, social, economic as well as wealth – destruction.

Gold is still very high relative to rates, probably because of the US fiscal risk and new inflationary expectations. This strength is also explained by the worsening geopolitical context and the stalemate in the Ukraine. Any threat of new sanctions now acts as a support for the price of gold.

Savers are not the only ones who have become poorer in the last two decades. Companies have also experienced a shortfall compared to the gold prices rise. If these companies had invested even a small part of their cash flow in gold, it would have greatly improved their financial situation...

Gold was a far more loyal asset than stocks and bonds in the turbulent times of 2022; and given that 2023 portends to be even worse, we can expect better loyalty from this so-called “barbarous relic” of the past.

We are experiencing a 2008 crisis in reverse. In 2008, the risk came from the banks and spread to households and businesses. The government intervened to restore the stability of the entire system. Today, the risk comes from the State. It is the government that has to ensure the survival of business...