Recorded on June 2 2026 at NRS Studios
Matthew Piepenburg, Partner at VON GREYERZ GOLD, joins Steve Yang to break down why he believes the debt crisis is already visible in bond yields, central bank behavior, currency debasement, and the global move toward physical gold. The discussion covers the Federal Reserve, Modern Monetary Theory, Keynesian economics, the Austrian school, U.S. Treasuries, rising sovereign bond yields, inflation reporting, Bitcoin, stablecoins, CBDCs, and why central banks have been stacking gold. Matthew also discusses his books Rigged to Fail and Gold Matters, and explains why he sees gold as a wealth preservation asset in a financial system built on debt expansion. This conversation is for viewers trying to understand gold, hard assets, sovereign debt, inflation, and the deeper math behind today’s monetary system. #Millettian
Key topics
00:00 Debt crisis cold open
01:26 Steve Yang introduces Matthew Piepenburg
02:13 Is the financial system Ponzi like
06:42 Why Keynesian economics still dominates
09:44 Where the debt crisis is showing up
15:08 Gold, dollar weaponization, and currency debasement
21:19 Reported inflation versus real inflation
26:40 The Federal Reserve and the future of central banking
32:42 Gold, CBDCs, Bitcoin, and stablecoins
37:38 Is Bitcoin really digital gold
42:15 Gold versus Bitcoin for wealth preservation
46:21 Rigged to Fail and Gold Matters
50:59 VON GREYERZ GOLD and private gold vaulting
53:31 Final thoughts
Guest links
VON GREYERZ GOLD
https://vongreyerz.gold/
Matthew Piepenburg at VON GREYERZ
https://vongreyerz.gold/author/matthew-piepenburg
Rigged to Fail
https://www.amazon.com/Rigged-Fail-Blunt-Spoken-Investment-Unsuspecting/dp/B084Z74PDS
Gold Matters
https://www.amazon.com/Gold-Matters-Solutions-Surreal-Risks/dp/0578288397
Host Steve Yang Natural Resource Stocks
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