Seismic Changes in the Global Currency & Precious Metal Markets Matthew Piepenberg
Matterhorn Asset Management (now VON GREYERZ) principal, Matthew Piepenburg, sits down once again with Elijah Johnson of Liberty Finance to discuss recent shifts in the global currency and precious metal markets leading into the August 2022 Jackson Hole summit. Matthew addresses the ongoing issue of when, how or if the Fed will eventually pivot from current hawkish tightening policies to future and inevitable dovish policies.
Ultimately, Matthew argues that the Fed simply can’t beat 9% inflation with a rising (2-3%) Fed Funds rate; instead, the most effective force to fight inflation will be the disinflationary forces of a recession, which is all but assured. Toward that end, Matthew also addresses the false narrative of strong labour market data out of DC to pretend that the US is not in a recession.
Turning to the USD, there’s no denying its relative strength on the back of intentionally rising rates. This current, strong-dollar policy, however, is desperate and will be short-lived once the Fed is forced to weaken the dollar and reduce rates, namely, when recession denial turns to recession reality in the US. As the financial war between the West and East intensifies, more and more nations are choosing their “camps” and slowly moving away from the USD in both international trade and oil purchases, including more signs of gold-for-oil transactions.
Equally significant in this changing new “world dis-order” are recent proposals out of Moscow to find an alternative to the LBMA market, which will have massive ramifications, as discussed.
Matthew Piepenburg, Commercial Director at Matterhorn Asset Management and co-founder of SignalsMatter.com, has extensive experience in alternative investments, law, and finance, with particular expertise in managed futures, credit and equity investing. He also has years of experience researching, evaluating and investing in alternative investments: hedge funds, private equity vehicles, VC and real estate. Matthew Piepenburg's skills include asset allocation, portfolio management and macro economic analysis. He has written numerous white papers on the long-term distortions of central bank policies here and abroad. He has guest lectured at numerous family office forums, law firms and universities, including Georgetown, Brown, Harvard and Cal State. Matthew Piepenburg is also a published author and regular contributor to The Good Men Project and the author of the Amazon No1 New Release “Rigged to Fail,” which bluntly details the systemic and structural flaws behind central-bank distorted capital markets.
All of these combined monetary distortions are directly responsible for the staggering level of currency debasement ignored in plain sight by a majority of policy makers and investors, which is why Matthew is committed to informing of, as well as addressing solutions to, these systemic fault-lines in the global system. Toward this end, all rivers flow toward precious metals as currency insurance (hence Matterhorn role in Zurich) as well as sober yet actively managed portfolio construction (hence the SignalsMatter service).
