TARIFF NEEDLE + DEBT BALLOON =

ERA-ENDING LIQUIDITY CRISIS

By Matthew Piepenburg

Despite the undeniable ripple effects of the recent tariff measures out of DC, the headlines, as usual, are mostly wrong about the causes of the current market volatility and the longer-term ramifications ahead.

Navigating such market stress, historical debt realities, the role of gold, and the absolutely critical importance—and meaning—of a liquidity crisis requires a far more balanced assessment than just “blaming it all on the tariffs.”

CONSTITUTIONAL MONEY:

WHO KILLED IT, WHAT FOLLOWS?

By Matthew Piepenburg

Most of us, myself included, have a favorite lawyer joke (or two), but law school had its shining moments, including our deep dive into the US Constitution. Written (and signed) by admittedly flawed men, the founding fathers of the United States were...

BONFIRE OF THE PAPER ASSET VANITIES & THE REBIRTH OF GOLD

By Egon von Greyerz

Forecasting time and price is a mug’s game. But we all do it sometimes. This is a lesson I have learnt after about 65 years of market experience. 

Instead of time and price, it is much more important to understand TRENDS and RISKS.