Credit Crunch to Lead to Global Banking Crisis with Alasdair Macleod
WTFinance: 9-19-2023
On this episode of the WTFinance podcast I had the pleasure of welcoming back Alasdair Macleod for a 3rd time – Head of Research for Goldmoney and SchiffGold.
During our conversation we touched on the current debt cycle, why the central banks are losing control of the cost of credit, whether this could lead to a credit crisis, why a gold-backed currency would be trusted and more. I hope you enjoy!
0:00 – Introduction
1:36 – What is Alasdair seeing with the economic cycle?
7:52 – Central banks to lose control of cost of credit?
12:02 – China one of the worst effected by debt issues?
20:22 – Capital flying to the US Dollar?
27:49 – Governments continuing to buy their own debt?
38:20 – Why would there be trust in gold-backed currencies?
45:27 – Will gold circulate globally?
47:12 – One message to takeaway from our conversation?
https://www.youtube.com/watch?v=8slR_fNwUoA
China Dumps U.S. Treasuries To Buy RECORD Amounts Of Gold As The U.S. Dollar Outlook Weakens
Lena Petrova: 9-19-2023
