The Path Through Financial Repression | Charles Calomiris
Hidden Forces
Demetri Kofinas
4.8 • 1.6K Ratings
🗓️ 27 May 2025
⏱️ 2 minutes
🔗️ Recording | iTunes | RSS
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Summary
Episode 419 is the fifth episode in the Hundred Year Pivot podcast series. In it, Demetri Kofinas and Grant Williams speak with fmr. Chief Economist for the Office of the Comptroller of the Currency, Dr. Charles Calomiris about America’s economic emergency and what our response to it should be once conditions push the country into a full-blown political crisis at some point over the next few years.
In this incredibly timely conversation, Charles Calomiris explains what the recent moves in gold, bitcoin, and long-term bond yields suggest about where we are on the path toward financial repression as we explore the implications of this trajectory for investors, businesses, and everyday depositors who will be conscripted in the battle to fight the deficit as the nation moves from spending like a banana republic to inflating like one.
We end the episode with a candid conversation about the sources of both America’s decline and the country’s potential for renewal once the reality of the current crisis becomes impossible to ignore.
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Producer & Host: Demetri Kofinas
Editor & Engineer: Stylianos Nicolaou
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Episode Recorded on 05/22/2025
Transcript
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| 0:00.0 | What's up, everybody? My name is Dmitra Gaffinus, and you're listening to Hidden Forces, |
| 0:06.3 | a podcast that inspires investors, entrepreneurs and everyday citizens, the challenge consensus |
| 0:13.1 | narratives, and learn how to think critically about the systems of power shaping our world. |
| 0:19.0 | What you're about to hear is the fifth episode in a podcast series |
| 0:22.3 | hosted by me and my co-host, Grant Williams, titled The Hundred Year Pivot. In it, we speak with |
| 0:29.0 | some of the smartest and most plugged in people we know to help position ourselves, our organizations, |
| 0:35.0 | our families, and our portfolios for the once-in-a-century economic, |
| 0:39.6 | political, and geopolitical reordering that we believe is currently underway. |
| 0:44.5 | In today's conversation, Grant and I speak with financial policy expert, author, and |
| 0:49.5 | former chief economist for the Office of the Comptroller of the Currency, Dr. Charles Calamiris, |
| 0:55.0 | about the sources of America's economic emergency and what our response can and should be to it |
| 1:02.0 | once conditions push the country into a full-blown political crisis at some point over the next few years. |
| 1:08.0 | In this incredibly timely conversation, we examine what new all-time highs in gold and Bitcoin, |
| 1:14.6 | along with rising long-term Treasury Yield, suggest about where we are on the path toward financial repression, |
| 1:21.6 | and its implications for investors, businesses, and everyday depositors in the country's banking system, which will be conscripted |
| 1:28.9 | in the battle to fight the deficit as we go from spending like a banana republic to inflating like |
| 1:34.5 | one. We end the episode with a candid conversation about the sources of both America's decline |
| 1:40.6 | and the country's potential for renewal once the reality of the current crisis |
| 1:44.8 | becomes impossible to ignore. If you want to access to this conversation, go to hiddenforces.io |
| 1:51.9 | slash subscribe and join our premium feed so you can listen to this episode and other subscriber-only |
| 1:57.9 | content on your mobile device using your favorite podcast app just like |
| 2:02.4 | you're listening to this episode right now. And with that, please enjoy this incredibly timely |
... |
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