The drama the central banks have set in motion with their interest rate manipulation: the artificially lowered interest rates are causing economies to fall into the debt trap, becoming increasingly dependent on debt expansion, provided at ever lower interest rates, with the state growing larger and larger at the expense of the private sector. It doesn’t take much to realize that in economies where the debt load is spiralling out of control, a monetary policy of elevated or even high inflation will sooner or later be seen as the policy of the comparatively least evil to protect the system from collapse. At the end of the podcast, I make some general remarks about what investors can do with their money.

A podcast by Thorsten Polleit, recorded 1 February 2024.

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Thorsten Polleit’s latest books can be found here:

“Des Teufels Geld”, www.amazon.de/Teufels-Geld-faustische-Fiatgeld-Pakt-zur%C3%BCckkehren/dp/3959727437

“The Global Currency Plot”, https://mises.org/library/global-currency-plot

“So act that your principle of action might safely be made a law for the whole world.” | Immanuel Kant (1724–1804)