This is Macro Voices with hedge fund manager Eric Townsend, the free weekly financial

podcast targeting professional finance, high net worth individuals, family offices, and

other sophisticated investors. Macro Voices is all about the brightest minds in the world

of finance and macroeconomics telling it like it is. Bullish or bearish, no holds barred.

Now here are your hosts, Eric Townsend and Patrick Sarrezna.

Macro Voices episode 251 was pre-recorded back on December 14, 2020. I'm Eric Townsend.

This episode is brought to you by ABIC's technologies, pioneering the design of smarter

markets that better meet the needs of both market participants and society as a whole,

and by the North Shore Global Uranium Mining ETF, ticker URNM, a focused play on miners

and holders of Uranium. There won't be any market wrapper post game segment this week

or next. Instead, we'll be bringing you a two-part holiday special in which we're going

to take a deep dive on the topic of fiat currency, being debased in real value because of

a accommodative central bank monetary policy and expectations that the growing popularity

of modern monetary theory among policymakers will accelerate the pace of fiat debasement.

And we're bringing in the big guns for this special series. Patrick Sarrezna will host

the series and I'll be acting as a panelist alongside both Grant Williams, author of

Things That Make You Go, and producer of the Grant Williams podcast, and Ronnie Sturfily,

publisher of the In Gold We Trust Report and Fund Manager for Inchrementum. In this

week's episode, we'll start with a review of the major events of 2020 and then visit

the topic of fiat currency debasement at a high level and consider whether there's anything

that could change the view all three panelists share. That governments around the world are

going to continue to debase the real value of paper money. Then we'll distinguish fiat

...