Interest Rates Are A Runaway Snowball

Steve Yang sits down with Keith Weiner, Founder and CEO of Monetary Metals, for a straight talk on the real state of the cycle and why policy makers cannot engineer a painless landing. Keith explains how pushing rates down for years set up an interest rate snowball that grows as it rolls, why hiking into a debt saturated system forces marginal borrowers over the edge, and how bank credit contraction turns isolated stress into cascading defaults. The conversation digs into dollarization on the ground from everyday commerce to stablecoins, why the weakest currencies fail first and the dollar fails last,…