Reinvent Money

Paul Buitink talks to Australian rebel economist, author and creator of Ravel software Steve Keen about the idiocy of mainstream or neoclassical economics. We discuss how he has fallen out with other schools of economics and why mainstream economists don't see crises from happening, since they don't understand money. Economist Hyman Minsky did, and Steve has further built upon those insights.Steve explains why the euro was a mistake and how the US shouldn't worry about its public debt, but about its private debt. He explains how Modern Monetary Theory (MMT) and People's QE work but also where MMT got it wrong.The rise in the gold price is not something to celebrate Steve says, it means people are sensing a system breakdown.Steve also worries about climate change and says economists are wrong about it.Don't miss this long in-person interview with the legendary rebel economist Steve Keen.Follow Steve here:https://www.stevekeen.com/https://www.patreon.com/ProfSteveKeenhttps://www.youtube.com/@profstevekeenhttps://profstevekeen.substack.com/Follow Paul here:https://x.com/paulbuitinkTimestamps:1:11 Intro2:58 Debunking Neoclassical Economics12:03 Criticists of Steve Keen14:56 Economists don’t understand money15:15 Theories of economist Hyman Minsky30:07 Austrian School economics and interest rates33:53 Can the economy be modeled at all?39:55 We have a private debt, not public debt problem43:21 Modern Monetary Theory (MMT)45:01 France’s debt problem and the mistake of the euro54:54 Discussion on Central Bank Digital Currencies (CBDC)57:29 US public debt is not a problem1:02:59 QE and risk of inflation1:04:25 People’s QE or Modern Debt Jubilee1:11:26 How to make banks more useful1:18:49 Gold’s rise1:20:11 How realistic are Steve’s solutions?1:21:55 How economists got climate change wrong1:28:44 Is Europe suicidal or giving the right example?1:36:30 Elon Musk and Mars1:37:46 Outro

Join Paul Buitink as he delves into the intricacies of the global financial landscape with renowned investment advisor Lyn Alden. In this insightful conversation, they explore the dynamics of gold and Bitcoin, the implications of fiscal deficits, and the evolving role of cryptocurrencies in today's economy. Lyn explains what the debasement trade is and whether we're witnessing the end of fiat money. Discover how different countries and central banks are navigating these changes and what it means for investors worldwide. Don't miss this engaging discussion on the future of money and investment strategies.Follow Lyn here:https://www.lynalden.com/https://x.com/LynAldenContactGet her book Broken Money here:https://www.amazon.com/Broken-Money-Financial-System-Failing/dp/B0CG8985FRAnd buy the Dutch translation Noodgeld here:https://www.bol.com/Follow Paul on X here:https://x.com/paulbuitinkTimestamps:0:00 Intro1:42 What is the debasement trade4:00 Is gold becoming a FOMO play?7:32 Gold metrics to watch10:47 Is this the death of fiat or just a bubble?14:33 What will stop this train of increasing US deficits and debts?18:32 Morgan Stanley and institutional demand for gold20:58 Bitcoin all time high23:18 Will central banks adopt Bitcoin?29:10 Lyn's thoughts on Ethereum32:08 Bitcoin Core vs Knots38:38 Microstrategy House of Cards?41:27 Are developing countries also doing the debasement trade?45:45 Outro

Join Paul Buitink and Francis Hunt, a.k.a. The Market Sniper, as they delve into the intricacies of hyperinflation, market dynamics, debt/fiat collapse, and the future of gold, silver, and bitcoin. In this episode, they explore macroeconomic perspectives, technical analysis, and long-term price targets. Discover insights on the evolving financial landscape and strategies to navigate these turbulent times. Don't miss this engaging discussion packed with valuable insights for investors and market enthusiasts alike. Follow Francis here:https://x.com/themarketsniperhttps://themarketsniper.com/Follow Paul on X here:https://x.com/paulbuitinkTimestamps:0:00 Intro2:24 Francis take on the US and Trump - debt and fiat based collapse5:19 End of 60-40 portfolio and comeback of gold12:25 Tariff income and stable coin scam17:12 Dollar shortage and vassal States29:24 Gold price analysis43:52 Silver price analysis50:18 Platinum price analysis56:28 Bitcoin price analysis1:02:12 Outro

Paul Buitink talks to market analyst and author Alex Krainer again. They discuss the conflict in Ukraine and who's on the winning hand, Ukraine/The West or Russia. Alex believes Europe needs an escalation in order to unite Europe and avoid an implosion.They also zoom in on France, the banking interests and the role of the eurodollar.The conversation is ended with Alex diagnosis of Trump losing control and the potential for the US to return to its republican roots instead of empirical overreach.Alex Krainer here:https://x.com/NakedHedgiehttps://trendcompass.substack.com/https://alexkrainer.substack.com/Follow Paul on X here:https://x.com/paulbuitinkTimestamps:0:00 Intro1:31 Update on conflict in Ukraine, last stage5:23 Impact of Ukraine's drones and missiles9:05 Regime change in Russia10:17 Does European leadership need war?16:57 Escalation with drones and planes23:25 Poland, Bullingdon Club and banking interests28:30 Future of France and eurozone31:31 The fall of the euro and reset in governing structures37:58 How the EU was sabotaged41:44 Role of the off-shore dollar45:33 Trump's administration has lost control a little bit53:38 Outro

Paul Buitink talks to William White, an economist who worked at the Bank of England, Bank of Canada, Bank of International Settlements (where he was chief economist) and the OECD. William is 82 years old and has decades of experience as in insider.They discuss the dismal state of cooperation between the West and the Global South. They also dive into the perilous state of the eurozone due to France's financial troubles. Is the euro sustainable? What was the role of the BIS at its creation? William also explains how the boom bust cycle works, how central banks always resort to money printing and why he saw the Great Financial Crisis coming. We are currently in bubble territory.He sums up all the bad alternatives out there when it comes to curing our financial system. He also gives his view on how the likelihood of a Bretton Woods II is.Follow Paul on X here:https://x.com/paulbuitinkFollow William here:https://williamwhite.ca/https://en.wikipedia.org/wiki/William_White_(economist)Timestamps:0:00 Intro2:11 Economic cooperation between the West and East/South4:00 Role of the OECD6:06 Growth of BRICS and SCO10:47 France’s finances13:50 Bond vigilantes19:28 Central banks and governments will intervene22:10 Democratic deficit when it comes to our money24:00 Role of BIS in the creation of the euro29:09 Is the euro sustainable?30:40 Should pension funds sell euro assets?33:12 How bubbles are formed40:58 Are we in bubble territory?44:27 How to make the system more sustainable47:30 Policy problems, only bad alternatives58:54 A new Bretton Woods coming?1:03:02 Outro

Paul Buitink talks to Danielle DiMartino Booth, former Fed insider, author of 'Fed Up: an Insider's Take on Why the Federal Reserve is Bad for America' and CEO of QI Research, about the cracks in the American economy and bad revised labor numbers.She explains how many ordinary Americans are struggling and have been feeling a recession for a long time. We discuss student loan delinquencies and mortgage refinance problems and how this could build up to another subprime crisis. She also gives her view on the Fed and how she expects them to act. Will they lower rates a few more times this year? Will QE and zero interest rates come back? Will we see inflation or deflation? Danielle argues the stock market is overvalued and when the momentum trade stops, it could take a nasty turn.We end the conversation with the dollar reserve status and the potential for a bailout of France. She believes this is the right time as an investor to be hedged.Follow Danielle here:https://x.com/dimartinoboothFollow Paul on X here:https://x.com/paulbuitinkTimestamps:0:00 Intro0:30 US recession feeling and weak labor numbers4:55 Tariffs and uncertainty6:25 Student loan delinquencies7:49 Tax refund season8:41 New subprime crisis in the making?11:01 National Housing Emergency11:59 What’s the Fed going to do?14:27 Stock market correction coming?16:28 Will we see a replay of 1929 or 2001?17:55 What if Danielle would be Fed’s chairman20:34 Are QE and NIRP unavoidable?22:12 Inflation vs deflation24:42 Fiscal dominance and US reserve currency status25:52 Does France need a bailout and will it break the euro?28:05 Danielle’s advice29:05 Outro

Paul Buitink talks to Henrik Zeberg, Head Economist at Swiss Block, about why he sees the stock and crypto market get first into more bubble territory before crashing down dot.com style. After the bust he expects stagflation which eventually will lead to a monetary reset. The new system will probably be a bucket of currencies including gold.During the bubble phase he expects the S&P to go to 8000 or more, Bitcoin to $170.000 and Ethereum even to $17.000.At the bottom of the bust Bitcoin might go as low as $17.000 Henrik thinks. Microstrategy, now rebranded to Strategy, is the largest open ponzi scheme and biggest house of cards in a long time says Henrik.A strengthening dollar will be wrecking markets down and usher in the bust. We're still months away from that he believes.Gold and silver could go down during the bust, but in the 2030s Henrik expects gold to go 10x.Watch the video to understand the interesting route forward Henrik paints and how you can prepare as an investor.Follow Michael here:https://swissblock.net/https://x.com/HenrikZeberghttps://henrikzeberg.substack.com/Follow Paul on X here:https://x.com/paulbuitinkBuy, sell and store gold and silver at Holland Gold here:https://www.hollandgold.nl/Timestamps:0:00 Intro2:03 Why the stock and crypto markets will go up further first7:54 We’re now in an inflationary regime13:43 Secular vs cyclical inflation18:09 Impact of Fed rate cuts22:49 Henrik’s short term forecast for Bitcoin and Ethereum24:47 Why the dollar is important26:22 US stocks explained28:03 What are the triggers that will pop the bubble30:06 Can a crypto bust bring down the general market?35:43 Strategy’s strategy and the great crypto bust39:21 The monetary reset and sound money like gold43:18 Why a strong dollar would lead to the bust44:57 The role of gold51:25 Summarizing the different phases: bubble, bust, stagflation, reset57:26 How powerful are central banks when it comes to yield control?59:11 Outro

Paul Buitink talks again to renowned forecaster Martin Armstrong about his predictions for the West and Europe in particular. We discuss Ukraine and Europe rearming itself. Also we discuss potential IMF bailouts for France and UK and how US stable coins will be war bonds. Due to ponzi economics Martin believes the West will collapse, just like communism did.Martin gives advice on how to prepare and what his predictions are for a large international war and China taking over the US.Martin's blog and event:https://www.armstrongeconomics.com/armstrong-economics-upcoming-events/world-economic-conference/tickets-on-sale-now-2025-world-economic-conference/https://www.armstrongeconomics.com/blog/Follow Paul on X here:https://x.com/paulbuitinkTimestamps:0:00 Intro1:35 Incompetent Western leaders2:37 Ukraine and why Europe needs war8:45 Baltics threatened?13:13 False flags15:01 What if Europe double downs on Russia17:13 Peace efforts20:06 Is Ukraine still a democracy?25:04 Can France be saved financially?31:26 Financing the war effort39:31 How to protect yourself living in the West48:34 World War III and nuclear collapse possible?59:10 World Economic Conference Florida

Paul Buitink talks to economist and founder of Monetary Metals Keith Weiner again about the future of our financial system.

Keith first dissects the current gold bull run and why it's different from the one from 2009-2011. He explains where the demand is coming from (India, China, Turkey, Arab countries) and how people in the West are also slowly but surely waking up.

They understand the debt isn't sustainable. People lose faith in the fiat money system and this is underpinning this bull market.Keith also explains why BRICS central banks buy gold and use it not only as a store of value but a means of exchange too.

He also lays out why more debt leads to more demand for dollar and more debt. This dynamic will eventually lead to a collapse and hyperinflation, but this is still years away. An environment of very low interest rates is a sign things will go very wrong Keith says, as he has also written in his dissertation. Also backwardation in the gold market is something you need to keep an eye on, when spot prices are higher than future prices.

Keith describes the role of gold after the collapse. Different private gold standards could emerge. He doesn't expect coins to be used. He also weighs in how Bitcoin and gold compare. He would love the market to pick the winner. We end the episode with whether there is a future for fiat currency after the hyperinflationary collapse, gold price revaluation and Fort Knox.

Sources:

https://www.monetary-metals.com/

https://www.monetary-metals.com/insights/articles/when-gold-backwardation-becomes-permanent/

https://keithweinereconomics.com/2012/02/02/gold-bonds-to-avert-financial-armageddon/Follow Paul on X here:https://x.com/paulbuitinkTimestamps:

0:00 Trailer and intro

1:52 Why the current gold bull run is different from 2009-2011

8:12 West waking up to unsustainable debt levels

11:26 Is gold correlated with interest rates, inflation and money growth?

12:34 When have central banks bought enough gold?

17:35 The process of debt collapse

18:05 The importance of backwardation in gold

20:18 Gold's role after the collapse

27:27 Competing private gold standards

32:25 Repatriation of gold

35:42 Bitcoin Standard vs Gold Standard: let the market have it

40:48 Will governments allow free markets for money

44:00 Future of fiat currency

48:07 Can collapse still be averted?

49:38 Gold price revaluation

50:50 Is the gold in Fort Knox there?

54:16 Outro and final remarks

Paul Buitink talks to Francis Hunt of The Market Sniper about the concept of hyperstagflation, a period with economic decline and very high inflation. A period worse than the seventies which he believes we're going to enter in the West due to our high indebtedness.He explains how the elite profits from inflation and debt and how people should deal with hyperstagflation.They discuss ever increasing taxes, the digital control State, tariffs and how to escape the matrix. He advises young people to leave the West and to get up, man up and start a business and provide service.Francis ends the video with a technical analysis of the dollar, Swiss Franc and gold. Will gold be revalued?If you're looking for a bucket of hard analysis and cold water, Francis is your man. No hopium here.Follow Francis here:https://themarketsniper.com/Follow Paul on X here:https://x.com/paulbuitinkTimestamps:0:00 Intro1:35 What is hyperstagflation and comparison with the 70ies9:40 Stagflation started during Covid times16:43 Profit from the matrix19:13 When and how will hyperstagflation end?27:47 How to thrive as a young person37:34 Technical analysis gold, dollar and Swiss franc47:30 Gold revaluation hopium?49:28 Outro