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Is Hyperinflation Coming? With Preston Pysh

Peter McCormack

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Is Hyperinflation Coming? With Preston Pysh - WBD516 Peter McCormack

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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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00:04:02: Introductions
00:05:14: Strengthening dollar and rising prices
00:10:08: The Monopoly analogy to explain economic basics
00:16:47: QE and UBI explained with Monopoly
00:24:37: The long-term debt cycle, and the COVID impact
00:32:27: Is Bitcoin the debt jubilee?
00:39:43: Chart depicting global central bank balance sheets
00:45:04: Watching for the pivot point and the eventual blow-up
00:53:45: Gold, the decimation of the middle classes and discount cash flow
01:08:01: Credit cycles dependent on debasement
01:18:52: Is hyperinflation coming?
01:20:51: Conviction with Bitcoin and potential supply shocks
01:34:11: Bitcoiners need empathy through the transition
01:36:35: Final comments

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