Three top macro voices: Henrik Zeberg, Francis Hunt, and Matthew Piepenburg return for a heated roundtable to debate one question: how will the End Game unfold? From blow-off tops and liquidity traps to sovereign debt collapse and gold’s ultimate role, this episode dives deep into the structural cracks of the global system. Zeberg warns of a deflationary bust and a 40% gold drawdown before a parabolic rise to $35,000. Hunt calls that view dangerous, arguing we’re already in a hyper-stagflationary collapse and gold is the only safe haven left. Piepenburg navigates between the two, stressing that debt and currency debasement are already irreversible. A must-watch debate on timing, positioning, and survival in the final phase of the fiat era.

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