Tom warmly receives Mel Mattison as his latest thought provoking guest. Mel, a seasoned finance professional, boasts a traditional finance background and an unyielding interest in financial history. His proficiency encompasses venture capital-backed firms, major asset managers, and self-study on intriguing topics like the monetary history of the United States and central banks.
Mel’s novel, “Quoz: The Annihilation of the Global Economic Order,” is a financial thriller that delves into intricate themes, such as sovereign debt bubbles, globalist manipulation of institutions like central banks, and the Bank for International Settlements (BIS)’s pivotal role.
The BIS, established in 1930 to manage reparations payments between Germany and the Allies, has since transformed into a dominant global financial institution. It assumed critical functions during World War II, mediating transactions between Axis powers and the Allies, and set the stage for the Euro and European Central Bank (ECB).
Despite its substantial power, the BIS maintains a veil of secrecy and enjoys exclusive benefits such as immunity from prosecution. Central bank leaders convene bimonthly at the BIS headquarters in Basel to deliberate monetary policy without disclosing minutes or agendas. The BIS’s involvement in central bank digital currencies, like Project Helvica and Project Jura, remains an enigma due to its lack of transparency.
Mattison explores the Federal Reserve’s coordinated rate cuts with global central banks and ponders the market consequences when discrepancies between central bank actions emerge. He advocates for the significance of comprehending labor market indicators, fiscal stimulus, and inflation’s impact on economic expansion.
Mel raises doubts about the yield curve inversion’s dependability as a recession harbinger due to recent Federal Reserve manipulations and excessive short-term debt issuance. Entitlement programs like Social Security and Medicare are edging towards insolvency, posing potential repercussions like higher interest rates, increased debt, and inflation around 2027-2028.
Mel deliberates on the potential fallout of a debt market crisis on pension funds and alternative assets, such as gold, silver, and Bitcoin. He anticipates volatility in the equity market during this critical juncture and proposes that an extreme situation could involve the U.S. Treasury revaluing gold against the dollar in an emergency maneuver, drastically altering financial markets.
Time Stamp References
0:00 – Introduction
0:32 – Mel’s Background
6:35 – BIS Global Role
13:12 – Immunity Vs. Incentives
15:16 – Central Banks & US Rates
21:20 – C.B. Magic Hats
25:55 – Rate Controls & Signals
33:10 – Inversions & Recession
36:08 – Yellen Debt Issuance
40:30 – Entitlement Programs
47:10 – The Entitlement Cliff
50:24 – Blowout Debts & Pensions
54:33 – Treasury Gold
Talking Points From This Episode:
Guest Links:
Website: https://www.MelMattison.com/Quoz
Twitter: https://twitter.com/MelMattison1
LinkedIn: https://www.linkedin.com/in/melmattison/
Mel Mattison is a writer, investor, and financial services veteran. Leveraging over twenty years’ experience in the realm of high finance, he brings real-world authenticity to his fictional narratives. Mel combines this insider knowledge with a critical eye toward the economic forces that shape all our lives. With a knack for deconstructing jargon and making the complex understandable, he sheds light on the sometimes dark and confusing corners of finance. Mel holds an MBA from Duke University and studied creative writing at Loyola University Chicago. His recent novel, Quoz: A Financial Thriller, delivers an epic ride packed with action, intrigue, and a healthy dose of economic realism.