Super Terrific Happy Hour Ep. 26: The Downloadable Ringtone

The Grant Williams Podcast

Grant Williams

Investing, Business:investing, Business

4.8 • 1.6K Ratings

🗓️ 30 December 2025

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of Super Terrific Happy Hour, Steph and I return with our customary blend of easy-going banter coupled with a shameless plug and a sobering assessment of the global financial landscape. What begins with complaints about the cold weather and Seinfeld callbacks, as well as our upcoming live event in St. Petersburg, quickly turns into a candid examination of sovereign refinancing risks, leveraged corporate balance sheets, and a Treasury market increasingly supported not by central banks but by hedge funds and private foreign buyers. As short-term debt dependence grows and refinancing waves collide across governments, corporates, and AI-driven capex, we explain why we continue to sleep better owning gold—and why this moment feels less like a trade than long-term insurance for an unstable monetary age. Every episode of the Grant Williams podcast, including This Week In Doom, The End Game, The Super Terrific Happy Hour, The Narrative Game, Kaos Theory, Shifts Happen and The Hundred Year Pivot, is available to Copper, Silver and Gold Tier subscribers at my website www.Grant-Williams.com. Copper Tier subscribers get access to all podcasts, while members of the Silver Tier get both the podcasts and my monthly newsletter, Things That Make You Go Hmmm… Gold Tier subscribers have access to my new series of in-depth video conversations, About Time.

Transcript

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0:00.0	Here's the bit where I remind you that nothing we discussed during the super terrific happy hour
0:03.8	should be considered as investment advice.
0:06.4	This conversation is for informational and hopefully entertainment purposes only.
0:10.5	So while we hope you find it both informative and entertaining, to say nothing of super and terrific,
0:15.5	of course, please do your own research or speak to a financial advisor before putting a dime of your money into
0:21.2	these crazy markets. And now, on with the show. People always tell me, you should have your money
0:31.8	working for you. Because you send your money out there working for you. A lot of times it gets fired.
0:40.7	You go back there, what happened?
0:42.0	I had my money.
0:42.6	It was here.
0:43.1	It was working for me.
0:43.9	Yeah, I remember you're on money.
0:46.8	We had to let him go.
0:53.7	Welcome everybody to a special festive, often rescheduled, but we finally got this done.
1:00.5	Super terrific happy hour.
1:01.6	Joining me, as always, bringing all the adjectives to the party is the wonderful Stephanie Pompuy.
1:06.4	Hello, my friend.
1:07.0	How are you?
1:07.4	I'm fantastic.
1:08.5	I'm super terrific now.
1:09.9	How are you?
1:28.5	I am cold, is what I have. I'm cold. I'm chilled to my bones for my first winter in other than an hour long. You know what? It'll be fine. It'll be fine. Other people do it. There's no reason I can't stiff. I mean, you did it for how many years as a kid? I guess back then, though, you don't feel cold. Do you ever remember being cold as a kid?
	...

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