Daniel Lacalle Warns America’s Debt Spiral Exposes Fed’s Slow and Wrong Policy Response

Global markets are flashing red as the world enters a dangerous new phase of debt, inflation, and policy failure, warns Daniel Lacalle, Chief Economist at Tressis. Speaking with Kitco News Anchor Jeremy Szafron, Lacalle delivers a sharp rebuke of central bank strategy, declaring that “inflation is not a fatality—it’s a policy.”

Lacalle argues that the Federal Reserve has been “too late, too slow, and too wrong” on inflation, enabling a slow-motion implosion of advanced economies. He says central banks are desperately trying to keep the sovereign debt bubble alive, even as confidence erodes and currencies weaken.

Gold and silver, Lacalle notes, are now “discounting currency destruction”, marking the start of a global repricing that could redefine how investors view hard assets. He warns that the next stage of this crisis may hit savers directly, as governments facing unsustainable debt loads turn to wealth confiscation through savings and deposits to offset liabilities.

This is a must-watch interview for anyone tracking monetary policy, inflation, and precious metals, as Lacalle exposes the uncomfortable truth behind the global financial system’s cracks—and the policies keeping it afloat.