Global markets are flashing red as debt, inflation, and confidence collide. “Inflation is not a fatality. Inflation is a policy,” warns Daniel Lacalle, chief economist at Tressis, calling today’s turmoil a “slow-motion implosion” of advanced economies.
Speaking with Kitco News Anchor Jeremy Szafron, Lacalle says the Federal Reserve has been “too late, too slow, and too wrong” about inflation, and that central banks are “doing all they can to maintain the sovereign debt bubble alive.” He argues that gold and silver are “discounting currency destruction” and that “it is the start of the repricing of silver in the global economy.”
Lacalle warns the next phase of the crisis could hit savers directly. “The only thing governments will do once they enter into this phase of currency debasement is to try to offset part of their liabilities with the wealth on the savings and the deposits of those they can control.”
The interview unpacks the Fed’s policy trap, precious metals’ surge, and the coming “global reset.”
(Recorded October 14, 2025)
Follow Jeremy Szafron on X: @JeremySzafron (
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00:38 – Fed Chair Jerome Powell’s Speech
00:50 – Market Performance Update
01:22 – Interview with Daniel Lacalle: Economic Insights
01:55 – Global Economic Stagnation
02:56 – Japan’s Economic Challenges
04:47 – China’s Economic Fragility
10:10 – The Debasement Trade: Gold and Silver
17:46 – Federal Reserve’s Policy Dilemma
30:18 – Investment Strategies in Uncertain Times
36:13 – Future of Money: Bitcoin and Cryptocurrencies
42:56 – Conclusion and Final Thoughts
#gold #silver #economy #federalreserve
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28 Comments
Dr. Daniel Lacalle says inflation is policy, and the “slow-motion implosion” of advanced economies has already begun. He warns investors: “Don’t invest in deposits.”
– Is this the start of the great currency reset?
– Will gold, silver, or Bitcoin protect you when central banks lose control?
Share your take in the comments below.
The term "Reset" is becoming overused.
And lest we forget Klaus and the globalist clan used the terminology for their 2020 Con Jab … oops, I meant Job!
Ese rockero!! ❤
Congratulations on the birth of your child!
I feel like the most important point made in this conversation is the slow moving nature of the change that is upon us. The key is to be in the market and at the same time aware of these macro changes. The best takeaway is the shift from a 60/40 portfolio and why. Nobody has a crystal ball.
This is bold saying the Fed was too late, too slow, too wrong as the debt crisis deepens shifts the blame squarely on central planning failures.
Congratulations Jeremy! Keep them coming.
Congratulations Jeremy, interesting guest but i dont agree with his assertion that China are more desperate for an agreement than the US. They would like one sure, but lets be real here, the US are now a fraction of their exports and falling. Chinese companies are already using other countries as a work around. The $12Bn US soy market is broken and Trumps answer? Cooking oil worth $1Bn. China has all the rare earths the US needs for defence, cars, solar etc. China also processes it, then there is the low cost of production on EVERYTHING and if thats not enough they even make most of the ships needed to get it from A to B. China are increasingly energy independent and on top of that have friends around the world in BRICS+ compare the last point to Trumps bully boy tariffs on their so-called friends and its game set and match. China and many other countries are moving away from FIAT into Gold backed whilst the US try to run to bitcoin trumpcoin or any other brokencoin they can invent.
Sir, you have the best show on the financial World!
Super Dad in action!
Honestly I don’t blame the Fed on this one sorry. As much as I don’t want to admit it this is more about companies being spooked about future policy mostly due to tariffs. So why and how exactly would the Fed have known that? I’m genuinely curious
Private industry destroyed all developed countries for the past 50 years. All companies made money from the countries, but didn’t put in through paying taxes for the infrastructure. Every developed country did this. When times were well and the stock market was doing well like now why are none of the proceeds being taxed? If you’re not a producer of goods, then you’re working people don’t have high salaries. The workers no longer have enough revenue to tax and the tax to the ones who do is too low for over 50 years. This is the problem there is no other problem but this problem.
Congrats on being a new daddy. Boy or girl? I’ll listen to find out.
Excellent guest.
"China needs the U.S. exports", "China has to stop investing in infrastructure",.. I'm sorry, but this guy is the least trusthworthy guest I've seen on this channel. He must be working in the white house or some other highly propagandized place. Let's use some basic common sense.
The closest thing I’ve seen to Belvarium’s model is Strike, but with DeFi built-in.
Belvarium’s roadmap is packed with utility features — not just fluff.
The closest thing I’ve seen to Belvarium’s model is Strike, but with DeFi built-in.
I’m positioning for launch now — Belvarium’s 100x story could start any day.
I’m positioning for launch now — Belvarium’s 100x story could start any day.
Belvarium’s roadmap is packed with utility features — not just fluff.
The closest thing I’ve seen to Belvarium’s model is Strike, but with DeFi built-in.
Except the Japanese currency has been rising … to its highest levels in decades
Belvarium’s mobile-first approach makes it more like Venmo + Web3.
I’ve been in this game long enough to recognize the good setups. $BLV is one.
BLV might be the most promising alt launching this month.
Congrats 🎉🎈 ❤
❤ Congratulations on the baby, Jeremy!
Funny to read how people stillwait for bullrun. Ive been in bull mood already three months – its called mevolaxy)