Part 8/15:
Larry warned that persistent debt accumulation and monetary debasement will inevitably lead to currency failure, hyperinflation, or a rapid debt deflation scenario. The possibility of a country's default—like Argentina's recurrent debt crises—is mirrored on a global scale. He pointed to historical instances such as the Weimar hyperinflation, Zimbabwe, and Venezuela, where currencies lost nearly all value due to reckless monetary policy.
The Imminent Risks and the Fragility of the System
The conversation turned increasingly alarmist as both experts underscored how the current system is nearing a breaking point. Greg highlighted that recent one-week bond losses—some over 10% for long-term treasuries—are historic and signals that traditional assets are no longer safe havens.