Set to Accelerate: US Economy Nightmare and the Great Unwind

According to Matthew Piepenburg, a partner at Matterhorn Asset Management, the idea that the US economy is in recovery is a fairy tale, and the Great Unwind is set to accelerate. Piepenburg states that the US debt egg, whose cracks are everywhere, is getting fatter and wobbling on the wall like Humpty Dumpty. In September 2019, the repo markets spiked overnight, prompting Uncle Fed to be the lender of last resort to its spoiled little banking nephews. Since then, the Humpty-Dumpty US arrived at yet another climatic debt-ceiling reality-check. As predicted, this crisis was solved by postponing its debt responsibilities into a post-election-cycle. Piepenburg states that the Humpty-Dumpty debt egg requires synthetic liquidity to keep him from falling. Uncle Sam’s last resort will be to borrow and spend without limit until 2025, making the Humpty-Dumpty debt egg even more vulnerable. According to Piepenburg, the ultimate buyer of Uncle Sam’s debt will be the Fed itself. Consequently, a stagflationary ‘solution’ of more fake, debased money, in which the currency will be sacrificed to save an otherwise unworthy, rigged, and broken ‘system,’ is inevitable. Therefore, gold is becoming a reliable asset for investors and wealth preservers saving their assets against the devaluing currency. The debt wolf is lurking, and when he comes, only the strongest houses will thrive. It’s not always in the houses you’d expect.