Is Hyperinflation Coming? With Preston Pysh - WBD516
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 20 June 2022
⏱️ 98 minutes
🧾️ Download transcript
Summary
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?
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Transcript
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| 0:00.0 | This is a math problem. |
| 0:05.0 | This is a math problem. |
| 0:10.0 | This is just math. |
| 0:11.0 | Like they can't take that out like looking at everything that that's |
| 0:14.7 | about to go down in my opinion in the coming two to four quarters like things are |
| 0:21.8 | about to get insane. |
| 0:24.0 | Hello there, how are you all doing? |
| 0:27.0 | Welcome to the What Bitcoin did podcast, which is brought to you by Gemini, |
| 0:30.0 | the only place I'm using for buying Bitcoin. |
| 0:32.0 | I'm your host, Peter McCorm McCormack and before we get into today's interview I do have a message from my show's promises. |
| 0:38.0 | This show is brought to you by B.C.B. group provides online business banking for companies in the Bitcoin industry, and yes, I am |
| 0:46.7 | now a customer of BC2. |
| 0:49.2 | They heard about the difficulty I was having finding a bank, and they also Bitcoin and they reached out to me so I've moved my business banking across the |
| 0:57.1 | BCB and I could not be happier |
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| 1:31.3 | forward slash Peter, which is B.C.B-C-B-R-O-U-P-O-P-O-P-O-P-O-P-O-P-O-P-M-T-T-E-T-T-T-E-T-T-T-E-T-T-T-T-T-T-T-T-T-T-T-T-T-O-T-O-O-O-O-O-O-O-O-O-O-O-O-O-O-O-O but they are not just a sponsor. I am also a customer of Compass and I am back mining |
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