Ep.127 Real Conversations → Gold, Bitcoin, and the Decline of Fiat Money w/ Daniel Lacalle, Chief Economist, Tressis

***This webcast originally aired live on Hedgeye.com on July 2, 2025 ***Join renowned economist Daniel Lacalle and Hedgeye CEO Keith McCullough for a timely and powerful “Real Conversation” on the future of money.As governments around the world spiral deeper into debt and inflation becomes an entrenched policy tool, trust in fiat currencies is eroding fast. Central banks have abandoned restraint, enabling runaway spending and weakening their own credibility.But alternatives are rising. Gold and Bitcoin are stepping in where central banks have failed—offering decentralization, independence, and real value in an increasingly unstable world.Lacalle and McCullough unpack the global implications of this monetary shift—and why the era of unchecked fiat power may be coming to an end.Visit Hedgeye.com for more great investing content.Subscribe to other Hedgeye Products Here:The Call @ HedgeyeThe Macro ShowSignal Strength StocksGet an investing edge on the enormous amount of money flowing into options every day, what they’re signaling, and the structural and behavioral trends driving markets higher or lower. The Market Situation Report™ includes access to a daily newsletter and weekly webcast featuring analysis of the Tier 1 Alpha team's proprietary models. CLICK HERE to check out our product page. Turn off that tired “Old Wall” TV and tune into The Macro Show, Hedgeye’s live daily broadcast featuring key market and economic insights, investing implications and interactive viewer Q&A. See for yourself why more and more investors in the U.S. and abroad have made this “must-see” market TV. We are live online every weekday morning at 9:00am ET. CLICK HERE to check out our product page.