Ronald Stöferle

The multipolar world

Ronald Stöferle was interviewed by BullionStar. The discussion focused on the plethora of problems, that both Europe and the United States face. A special focus was laid on inflation, the coming recession, the US-Dollar as well as the shift towards a multipolar world.

Rate hikes and the soft-landing narrative

We correctly predicted that inflation would move much higher. Now we are looking at a recession which will most likely hit the whole western world. Europe in particular seems to be in a bad spot, since the energy crisis is especially pronounced here. The same cannot be said for the United States, where the crisis has not hit as hard. In addition to that, the Federal Reserve reacted much more quickly. At the same time, the current narrative of a “soft landing” is not really feasible, and the FED is playing a very dangerous game, with the US economy on the line.

The shift of 2020

Once the recession will be here, it will especially be governments and fiscal policy, which will take over. Since the Covid crisis, a greater emphasis has been laid on fiscal policy, with the current energy crisis being a perfect example. More and more government handouts will create more and more people dependent on set government. The read we are currently driving on leads straight towards some sort of socialism.