Is Hyperinflation Coming? With Preston Pysh - WBD516

Preston Pysh is a co-founder of The Investor Podcast Network. In
this interview, we discuss credit cycles depending on increasing
debasement of the USD, accelerating inflation, and other signs of
the long-term debt cycle ending. We also talk about Bitcoin
changing the economic order.


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Every day we read new stories about economic turmoil: the UK's
cost of living crisis resulting in people missing meals, Sri
Lanka debt default resulting in an economic and social meltdown,
raging inflation in Turkey, global food shortages, the slide of
Japan’s Yen, bond funds bleeding billions etc. etc. etc. It is
obvious these are not normal times.


So what is actually happening? Ray Dalio has spoken at length
about the long-term debt cycle: how the economy goes through
regular patterns of growth and recession that result in the
build-up of sovereign debt, and how over a longer period of time
that debt becomes unmanageable and a deleveraging occurs. Many
believe we are going through that process now.


Preston Pysh is one such person, and he has the evidence to hand.
The precipitous rise in the monetary base, capital becoming a
liability, global credit cycles being dependent upon increasingly
higher levels of USD debasement, the top-heavy state of equity
markets - the data is all there; it’s happening. The question is
how do governments respond?


Is it possible to unwind from these situations, or are global
debt levels too high? Can nations wean themselves off
quantitative easing, or are they locked into a death spiral? And
what will be the response of citizens to rising inflation and
material impacts on their quality of life? The answers to these
questions will impact the direction of our civilisation for
centuries to come.


The fear is that we repeat the past. The experience of an
advanced country going through a hyperinflationary event still
casts a shadow over our collective political culture. The
destruction of a functioning society and its replacement by a
machine of terror, recalibrated the global order for the next 75
years. But we have Bitcoin. Can that see us through?