On today’s episode of Forward Guidance Jack welcomes Ronnie Stoeferle, partner at Incrementum AG. Stoeferle argues that the world is already in a new inflationary era that he calls “monetary climate change.” Stoeferle discusses key features of a debt-based monetary system (50 years and counting) and predicts that the merging of fiscal and monetary policy will create a shift from asset price inflation to consumer price inflation. Stoeferle shares why he believes gold and Bitcoin will do very will in this new monetary environment, and he elaborates on several key drives of the prices of both of these non-inflatable assets. Incrementum's website: https://www.incrementum.li/en/ Ronnie Stoeferle’s Twitter: @RonStoeferle Jack Farley’s Twitter: @JackFarley96   Blockworks’ Twitter: @Blockworks_