EP27: The End of Safe Assets? Why Gold, Bitcoin, and AI Are Rewriting the Rules of the Global Economy

This episode is created from an excerpt from Yasin Nizami's "The End of Safe Assets? Why Gold, Bitcoin, and AI Are Rewriting the Rules of the Global Economy," argues that the global financial landscape is undergoing a fundamental shift. Nizami posits that traditional safe assets, particularly bonds, are no longer secure, highlighting their significant depreciation and suggesting that governments will prioritise propping up bond markets by devaluing currencies through increased money printing. This scenario, the author contends, will ultimately lead to both bond markets and currencies collapsing. The piece also suggests that gold is gaining prominence as a reserve asset, with countries like China and Russia increasing their holdings while decreasing reliance on the US dollar. Furthermore, Nizami introduces Artificial Intelligence (AI) as a potentially deflationary force that could lead to job losses and subsequent loan defaults, forcing central banks to intervene. Ultimately, the author advises individuals to consider alternative investments such as gold, Bitcoin, and productive land as a means of protection in this evolving financial environment.