Reinvent Money

In this Reinvent Money interview recorded on US midterm election day (November 3, 2026), Paul Buitink speaks with libertarian icon and former Congressman Dr. Ron Paul. Paul argues that neither Republicans nor Democrats deserve power, as both support corporate control, deficit financing, the Federal Reserve, endless wars, and policies that violate the Constitution. He highlights the national debt’s explosion from $11 trillion in 2009 to over $40 trillion, calling sustained inflation inevitable under Austrian economics. Paul explains that new money is never distributed equally—private interests get it first—and stresses the need for sound money based on gold and silver. He warns that spending, debt monetization, and wars will continue, eroding the dollar’s value and personal freedoms. On the endgame, he anticipates a “breakdown surge” or panic rather than a clean deflationary spiral or pure hyperinflation, driven by years of near-zero interest rates. Paul concludes that dishonest money and dishonest leadership go hand in hand and can lead to national decline.Follow Ron Paul:https://www.youtube.com/@RonPaulLibertyReportFollow Paul Buitink on X here:https://x.com/paulbuitinkFor European viewers, more info on Holland Gold here:https://www.hollandgold.nl/en/0:00 – Opening warning: spending, wars, dollar decline & lost freedoms1:14 – Intro & midterms: neither party deserves to win4:30 – Corporate capitalism vs. socialism & the Constitution7:00 – Fed, balanced budgets, privacy & endless wars (US & Europe)10:00 – Debt from $11T to $40T+: inflation is inevitable14:00 – Unequal money creation & the case for sound money (gold/silver)18:30 – Continued spending, monetization & the “breakdown surge”24:00 – Dishonest money, dishonest leaders, foreign policy & the path ahead

Paul Buitink welcomes longtime silver expert David Morgan, publisher of The Morgan Report, to discuss the silver market after its explosive move to an all-time high near $121 in late January 2026. Prices have since corrected sharply and are testing the important $50 area again. David explains why much of the decline reflects a washout of speculative enthusiasm rather than a collapse in the underlying bull case, and why he expects the $50 level to hold as a zone of strong support.A key theme is the difference between paper and physical silver. Industrial users—particularly in solar and other critical applications—need real metal, not certificates, and many are viewing current levels as an opportunity to restock. David discusses practical buying zones, production costs, the psychology of stacking through volatility, and his classic observation that silver will either “scare you out or wear you out.” He also addresses how to distinguish a healthy correction inside a larger bull market from the start of a deeper decline, while placing the move in the context of broader monetary stresses and the long-term undervaluation of precious metals.The conversation covers several other timely topics. Paul and David examine recent headlines about laboratory production of gold via nuclear transmutation (turning mercury into gold using advanced processes such as those associated with high-energy physics experiments). David puts the claims in perspective, noting the extreme cost, tiny quantities, and lack of relevance to the real supply-demand balance. They also touch on the gold-silver ratio, recent central-bank policy decisions, the potential influence of sound-money advocates such as Judy Shelton in an advisory role, the approaching U.S. midterm elections, and related ideas associated with longtime advocates of monetary reform including Ron Paul.David Morgan has followed the silver market for decades and remains one of its most consistent and experienced voices.Follow Paul Buitink: https://x.com/paulbuitinkThe Morgan Report: https://www.themorganreport.comTimestamps:0:00 – Intro: Silver back near $50 after the $121 high1:20 – David’s view on the correction and speculative washout4:00 – Testing the breakout / $50 support level6:30 – Physical demand from industrial users (solar and more)9:00 – Buying zones, production costs, and stacking strategy13:00 – Healthy correction vs larger collapse (“scare you or wear you out”)17:30 – Broader monetary pressures and undervalued metals22:00 – Gold-silver ratio and related market talk27:00 – Fed decisions, Judy Shelton, and political backdrop32:00 – Final thoughts and outlook for the next phase

In this Reinvent Money episode, host Paul Buitink interviews Rabobank global strategist Michael Every on geopolitics, money, and power.Every argues a full-scale World War III is unlikely, as only the US can project large forces globally (and is occupied in the Middle East), while Europe is weak and China/Russia have limited reach—though proxy wars, economic conflicts, and serious disruptions are already rising.He critiques Fukuyama’s “End of History,” explaining the post-WWII liberal order stemmed from US military victories and the dollar system, which hollowed out American manufacturing and weakened its power base over time.The discussion covers nuclear deterrence enabling conventional escalation, the US abandoning outdated rules to reassert influence (including via the dollar), and the broader shift toward economic statecraft in a fragmenting world. Timestamps:0:00 – Opening remarks: geopolitics, US rewriting rules, Iran, and the dollar4:20 – Nuclear deterrence and how it enables conventional escalation6:10 – Fukuyama’s End of History and the self-undermining liberal order12:20 – China, the yuan, trade surpluses, and Europe’s late awakening18:00 – Europe’s internal strains, EU expansion, and Ukraine strategy26:00 – Trump as political realist and the Canada–EU discussion33:30 – Americas strategy, Iran/Middle East instability, and midterms39:30 – Dollar privilege, stablecoins as a new form of control, and closing thoughts on investor risk assessment

The crisis is already here, says Matthew Piepenburg. What does that mean for stocks, the housing market, the dollar and gold? Yael Potjer welcomes back the Von Greyerz partner to discuss rising government debt, the risks behind the AI boom and why he believes gold is still nowhere near its peak.

Starting with France’s mounting debt problems, Piepenburg explains why rising bond yields are a warning everyone should pay attention to. He argues that the United States faces the same problem on a much larger scale, while central banks are running out of effective tools. Can policymakers keep borrowing costs under control without sacrificing the purchasing power of their currencies? The discussion also covers the future of the euro, declining US dominance and the push to create demand for American debt through stablecoins.

The consequences reach beyond financial markets. Could house prices fall while homeownership becomes even less affordable? We explore how rising mortgage rates affect the housing market, why wealthy cash buyers face a different reality and what this means for younger generations trying to buy their first home.

Turning to stocks, Piepenburg questions the risks investors take when regularly buying the S&P 500. He points to extreme concentration, circular financing and enormous spending on AI infrastructure, drawing comparisons with the dot-com bubble and 2008. Could cheaper Chinese competition undermine the assumptions behind the AI boom—and what happens if those assumptions prove wrong?

Finally, if the case for gold is so strong, why has its price struggled? Piepenburg shares his interpretation of the gold and silver correction, examines central bank buying and China’s long-term strategy, and explains why he is more bullish heading into 2027. What could trigger the next move—and are investors overlooking gold’s changing role in the monetary system?

Learn more about Matthew Piepenburg and VON GREYERZ: https://vg.gold/

Follow Egon von Greyerz on X: https://x.com/GoldSwitzerland

Timestamps

00:00 Intro

01:55 France, bonds & yields

08:30 Debt, inflation & unrest

12:30 ECB, euro & money printing

16:45 America is broke

21:00 Debasement crisis

25:20 End of US hegemony & Stablecoins

31:00 Housing market crash?

35:00 The middle class & Wealth inequality

38:02 Stock market & AI crash

51:15 Gold, Silver & China

59:10 Gold price, Silver price

Holland Gold: https://www.hollandgold.nl/en

Paul Buitink: https://x.com/paulbuitink

Yael Potjer: https://x.com/GoedWeerGeniete

Paul Buitink talks to Bojan Pancevski, The Wall Street Journal's chief European political correspondent and author of The Nord Stream Conspiracy, about one of the most mysterious acts of sabotage in recent history.

Who really blew up the Nord Stream pipelines, and who was pulling the strings behind the scenes? Pancevski shares remarkable insights from his investigation, including conversations with people directly involved in the operation and the detectives trying to uncover the truth. They discuss competing theories about who was responsible, what Western intelligence agencies knew before the attack, and whether senior political leaders were involved. They also explore the geopolitical consequences of the sabotage, the ongoing German investigation, and what this case reveals about the vulnerability of Europe's critical infrastructure.

Book Bojan:
The Nord Stream Conspiracy – Amazon

Wall Street Journal:
Bojan Pancevski – WSJ

Follow on X:
Paul Buitink: https://x.com/paulbuitink
Bojan Pancevski: https://x.com/bopanc

Timestamps:

(00:00) Introduction: Who Blew Up Nord Stream?

(04:23) How the Nord Stream Sabotage Was Carried Out

(09:31) Russia, the CIA and the Conspiracy Theories

(18:53) The Ukrainian Connection and Dutch Intelligence

(24:45) Who Really Ordered the Attack?

(31:36) Arrests, Trials and Political Consequences

Paul Buitink interviews Mises Institute economist Mark Thornton on AI, debt, and the Middle East. Thornton sees the AI build-out as an Austrian boom: cheap credit funneled cash and borrowing into chips, data centers, and models with unproven revenues. He calls demands for government brakes scare stories meant to lock in incumbents. Deficits, he says, cannot be grown away. A forty-year decline in yields has broken, and attempts to lean on Treasuries, the dollar, and gold and silver amount to market manipulation. On Iran he argues the U.S. is poorly placed, with lasting risks to energy, food, and markets.More info about Mark here:https://mises.org/profile/mark-thorntonFollow Paul on X here:https://x.com/paulbuitinkTimestamps:0:00 — Cold open: AI scare lines, market talk, Iran, gold and silver1:41 — Intro: Austrian view of AI, regulation, yields, Middle East2:20 — AI as a late-cycle boom driven by cheap credit, not pure free-market tech8:46 — Cash reserves gone; hundreds of billions borrowed for chips and data centers13:03 — “Destroy humanity” claims as a path to regulation and incumbent protection17:11 — Rogue agents, untested rollouts, and growing out of the debt23:03 — Musk on optional work, the Keynes 15-hour week, and welfare results31:00 — Federal vs state power; gold and silver laws (Utah, Alabama)35:53 — Bond crisis, end of the 1981–2021 yield decline, official market leaning44:45 — Iran, October risk, energy, food, and why Thornton calls the war a blunder

Paul Buitink talks to Marlo Oaks, Utah's State Treasurer, about his investment philosophies and how he allocates Utah's funds, including the Public Treasurers' Investment Fund (PTIF) worth over $37 billion.He's critical of ESG/DEI woke investments. We also talk about the erosion of the dollar and why he bought physical gold for Utah's rainy day funds. Utah has taken all sorts of measures to make gold and silver money again.He also shares his concerns about programmable moneyFollow Paul on X here:https://x.com/paulbuitinkTimestamps:0:00 Intro: Utah’s treasurer on money, risk, and power2:50 How Utah invests $37B and why the state stays conservative7:20 Are U.S. Treasuries still safe?10:18 Why he rejects ESG and “woke” investing21:24 Why Utah bought physical gold for its rainy-day fund28:16 Making gold and silver money again33:28 The threat of programmable money

Alasdair Macleod tells Paul Buitink the Fed’s latest hike does not buy time. He gives the fiat system about 18 months. A 10-year yield above 5% could burst an equity bubble bigger than 1929. Energy and food shocks from war, drought, and blocked grain will push inflation higher while governments cannot afford the rates needed to stop it. Rescue QE would then destroy currencies. AI valuations look unsupported next to cheap Chinese rivals such as DeepSeek. Dutch gold leaving New York, after similar German and French moves, suggests the metal may not be there. Trust in the dollar is fading; gold is the exit.Follow Alasdair here:https://www.macleodfinance.com/Follow Paul on X here:https://x.com/paulbuitinkTimestamps0:00 Opening clip: crash stages and gold custody doubts2:18 Fed hike to 4% — does it buy time?5:00 Energy shortages, logistics, food and winter risks8:28 Oil in gold terms; fiat purchasing power12:00 Equity crash, bank credit, Keynesian rescue13:00 Stage one / stage two of a crash; 1929 parallel16:10 Sponsor break / gold ad16:11 Can AI and Musk “grow out of” the debt?19:41 Why “18 months” — complacency vs crisis now21:47 Why 5% on the 10-year matters for stocks24:54 Bretton Woods 2? Why a gold reset is unlikely27:00 Politics over economics; Trump and the Fed28:55 Wars, Gulf energy shock, much higher yields30:22 China, gold standard, low Chinese yields31:12 Dutch, Norwegian, Japanese bond selling32:34 Dutch gold move from New York; NY Fed custody35:00 Bundesbank, Banque de France, “gold that isn’t there”36:00 Property rights, frozen reserves, loss of trust38:19 Trend: dump dollars, buy gold in the market39:43 Outro and Substack plug

In this Reinvent Money interview, host Paul Buitink talks with Catherine Austin Fitts about energy sabotage, tariffs, and a “COVID 2.0” market shift. She argues a U.S. “dollar syndicate” is inflating a huge bubble by drawing billions into Treasuries and stocks while shrinking consumer footprints and tightening control. Fitts warns of programmable money, trade bottlenecks, and isolation risks, and discusses decentralized responses and practical investment choices amid rising financial manipulation.Catherine was Managing Director at Investment bank Dillon, Read and served during the Presidency of George H. W. Bush, as United States Assistant Secretary of Housing and Urban Development for Housing. She is also the Founder and Director of Solari. More info here:https://solari.com/Follow Paul here:https://x.com/paulbuitinkMore info about Holland Gold:https://www.hollandgold.nl/en/Timestamps:0:00 – Intro: Paul Buitink welcomes Catherine Austin Fitts2:41 – Energy under attack; sabotage timeline and closed trade model4:30 – “COVID 2.0”: shift from small to large players7:54 – Dollar syndicate, bubble, institutions exiting Treasuries9:00 – Gold withdrawals, stablecoins attracting retail money13:15 – Holland Gold sponsor break13:55 – Venezuela oil, Iran, hidden energy tech, “exotic weapons”20:45 – Tariffs, Canada, fiscal control, “King of Dogs”24:30 – Why she’s more optimistic; act locally, not only nationally26:00 – CLEAR Act / financial-freedom bills and programmable money31:14 – Cash, analog options, right to a non-digital life35:26 – Sanctioned countries using stablecoins; hardware control36:36 – Long-term winners; digital control vs. a living universe40:00 – “Coming Clean,” where your money goes, wrap-up

Recorded on the 3rd of September 2026.The global bond market is flashing a warning, and most investors are still looking in the wrong place. Robin Brooks says the real story is not one country, one central bank, or one headline - it is a worldwide debasement trade reshaping bonds, currencies, gold, oil, and the assets that can actually protect your wealth.Paul Buitink sits down with Robin Brooks, former Goldman Sachs Head of FX and now senior fellow at the Brookings Institution, for a sharp breakdown of what Jackson Hole, U.S. fiscal dysfunction, Japan’s bond chaos, and Europe’s political structure are really telling markets.If you care about preserving capital, understanding the next phase of inflation, or figuring out where safety still exists, this conversation is for you.You’ll hear why recent moves in long-dated U.S. Treasuries and gold are being read as more than a short-term reaction, how Bessent and Warsh fit into a much bigger fight over bond market control, and why Robin thinks the debasement theme is now global - not just an American problem.We break down:- Why the U.S. budget deficit, long-end yields, and central bank independence matter more than most investors realize- Why Japan’s bond market and the yen are central to the global story- How to think about a true safe haven in a world where bitcoin, gold, the dollar, and equities all behave differently- Why Europe’s eurozone structure may be masking deeper fiscal and political cracks- What the Iran conflict and the Strait of Hormuz actually mean for oil pricesRobin also explains why Greece, Italy, Spain, and other sovereign bond markets are still distorted by central bank intervention, why oil is likely much more resilient than headlines suggest, and why investors may need to rethink what counts as protection in a beggar-thy-neighbor world.Essential listening if you want a clearer framework for the markets, the macro regime, and the assets that may hold up when the old rules stop working.Follow Robin here:https://robinjbrooks.substack.com/https://x.com/robin_j_brooksFollow Paul on X here:https://x.com/paulbuitinkTimestamps:0:00 Intro01:54 — Jackson Hole, Kevin Warsh and the bond-market reaction06:04 — Global fiscal pressure and policymakers buying time08:56 — What the “debasement trade” means: gold, bitcoin, equities and safe havens12:07 — Is the US dollar still a safe haven?15:15 — Fiscal stress, political constraints and why reform is difficult17:54 — Europe, the euro and the risk of an unmanaged breakup24:07 — “Shadow yields”: how far Japanese and European bond yields may be distorted28:21 — Oil, Iran and the Strait of Hormuz34:34 — Final investment takeaways: protecting savings in a debasement environment