Credit Crunch to Lead to Global Banking Crisis with Alasdair Macleod
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- čas přidán 1. 06. 2024
- Interview recorded - 19th of September, 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?
Alasdair Macleod is Head of Research for GoldMoney. He is an educator and advocates for sound money through demystifying finance and economics. His background includes being a stockbroker, banker, and economist.
Alasdair Macleod started his career as a stockbroker in 1970 on the London Stock Exchange. Within nine years, he had risen to become senior partner of his firm.
Subsequently, he held positions at the director level in investment management and worked as a mutual fund manager. Mr. Macleod also worked at a bank in Guernsey as an executive director.
For most of his 40 years in the finance industry, he has been demystifying macroeconomic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman's terms what governments do with money and how to protect themselves from the consequences.
Alasdair Macleod -
Website - www.goldmoney.com/
Blog - www.goldmoney.com/research/le...
Recent Article - www.goldmoney.com/research/ti...
Twitter - / macleodfinance
LinkedIn - / alasdair-macleod-9494b27
WTFinance -
Instagram - / wtfinancee
Spotify - open.spotify.com/show/67rpmjG...
iTunes - podcasts.apple.com/us/podcast...
Twitter - / anthonyfatseas
Thumbnail picture from - www.skynews.com.au/business/f...
Is now the time for a banking crisis or will the FED and other central banks find a way to save them again?
Japan found a way....just keep printing. Have the Fed buy the whole thing.
Problem with gold. You cannot assay it. China 🇨🇳 was sold adulterated gold by Australia 🇦🇺. Google it.
Alasdair has become one of my favorite people to listen to the past year. He is such a great person and super knowledgeable!
so am i.
Not sure what type of person he is since I only see him on recorded video. However, this is the worst possible host I've seen. Unfortunately, it's a financial podcast and it's dangerous to have an incompetent person running it.
Scary world
Alasdair is in many areas like economics , banking , history and geopolitics very knowledgeable and explains it over and over again very clear. Also always constant in his thoughts and thinking therefore very reliable source to listen too. A real English man from the UK instead of New York 😀
i taught him a lot of what he knows.
In a 1986 paper for Prof Jay W Forrester I refered to excessive government debt creation induced rate shocks as waves creating a positively correlated negative credit creation feedback loop.....i named it a Multiple Contraction In Credit Event and likened it to a dying star collapsing in upon itself. I never thought i would see one like this. Doug W
Saving this
Small lenders cannot keep up. Those lenders that hold cash outside the banking system. That make loans against legally exchangeable collateral. The risk is great, and these lenders wouldn't have an interest in lending to most. The volume of loans and the total amount will be dwarfed by the banking system. It cannot satisfy enough demand that banks will be able to with powers they have been granted.
That was great. High level highly enjoyable talk with Alasdair. Thank you. 🙏
I like Alaisdair, his beautiful voice offsets his vast knowledge !
He is full of wisdom, thanks for watching!
This is excellent. So glad I tuned in.
Great interview, thank you for putting it up
Great depth of knowledge imparted in a clear way thank you
Thank you for watching!
In most economies the bulk of credit goes to mortgage bond holders so the currency is, to an extent, backed by property values. A sharp drop in property prices effectively slashes money supply.
its not my problem they backed it with debt. i left my full time job for part time work. the system is too corrupt to take seriously at the moment.
Mr A Macloud is one of the very Best. Thank you🙋♀️
A great interview. Thank you
Not even an univ Master degree In advance finance would tell us as much as Mr Macleod has explained here. Than you.
Alasdair does have an amazing knowledge of monetary policy and a talent for explaining it simply. Thanks for watching
Great vlog great advice it’s amazing when someone just talks the truth about money that politicians and bankers don’t do something to save it. ( Time comes for all men ) . Enjoy
We need to make the most of Alasdair and individuals who talk the truth
US National debt now stands at $33 Tn, a rise of $1.5 Tn in just 3 months! They plan to raise another $1.5 Tn before year end, but who is going to buy all this debt? The first time a bond sale fails and the Fed has to (indirectly) buy it, then the stuff will hit the fan.
Just print it
Best thing ever happened too me is when. I lost my credit and learned too live on what I need and not what I want 😊
Aleister says seems to be one of the only people in financial utube system that absolutely knows what he is talking about, most are next to clueless 🙄 I reckon!
Run for the hills...Dats where de gold is...and as we all know...dem dat have the gold, dem dat make the rules!
Everything is credit, that’s the problem. You should not be allowed to buy what you don’t have the money to pay for. That’s where you get into trouble. END the Fed! Government can’t spend if they don’t have the Gold to pay for it, simple.
If you think Russia will have to back the ruble with gold, would there be a significant benefit to spending current dollars for rubles, assuming that the ruble will eventually rise against the dollar? Rubles weigh less, and are less conspicuous, than precious metals.
Its amazing me that some people dont understand the game consisting in buying time in dealing interest rate and printing monnaie, consolidation banking til all digital monnaie mean control gvt economie.
Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank
Been hearing this forever now 🤣
Me too, meanwhile the world loaded up on hundreds of trillions in debt that cannot be payed back. Maybe balance sheets have no limit we will find out but on the safe side a refresher from Alasdair is worth my time. Just my opinion. Cheers.
i left my full time job for part time work. the system is too corrupt to take seriously at the moment.
If there is a global credit crisis liquidity crisis what good are your metals but good are they
They will print again and again and again
I am one K exactly
focus on divine central authority substantive human rights
Why does nobody in the known financial space ever take Land Values into account? It’s the most simple fact staring us in the face yet never gets any attention.. Has there ever been a major recession before land values crashed? I think not, and currently don’t see any crashing land values right now.. Everyone is being conned and continues to do so in my view.
Average land prices or are there specific areas that you specifically watch for this indicator?
I just follow the works of Fred Harrison and Phil J Anderson. They also cite Homer Hoyt, Ricardo, and Henry George.. Their research is all about 18.6yr Land Cycles and how it can assist you with Macro Analysis.. The premise is that as long as land is able to be speculated on by not having a high taxation associated, there will always be a boom bust cycle of 14 years up and 4-5 years down..
You said exactly this 3 years ago regarding Basel 3 … and nothing happened at all ..
I'm not sure that Russia wants strong ruble. The Russian Central Bank openly took actions to lower the value in order to cover the budget deficit.
A large percentage of the New Zealand population can now hardly afford to pay their rapidly increasing property taxes, utilities bills, food and fuel costs and ever increasing debt servicing costs yet alone have any capital to hedge. The plan is falling into place for people in the know to buy assets back at 50 cents on the dollar once the lag period (at least another 18 months IMO) has commenced. The average persons face here in NZ tells the story you can see the debt from their eyeballs. Now the piper wants to be paid!
Borrow on inventory by increasing asset values and allowing through forced inflation the business to borrow by cooking the books every quarter .oh they already do that .😂
Britain is not a major economy.
The Chinese are not going on the gold standard with 1.5 billion people. in their country, same with India
whats that got to do with anything
entire collective west can't match Russia's military production but you delude yourselves you're major economies. try this how much will 100 dollar get you vs how much 100 rubles get you, GDP PPP, fiat currency crazies constantly harping on about non-contextual GDP.
Question; whatever Putin says he is or thinks he might be, can anyone name me one current world leader better than him.?
What’s with those gold bugs.. last night I watched Ray dalio ramble about gold.. gold is the most useless thing after barter.. we live in the digital age..
Couldn't be more wrong!
So... why would most Central Banks hold and accumulate gold: World bank, IMF, US,ECB, UK, China, India, etc. Are they all wrong?
Gold is REAL money. Has been for % thousand years + -
5
In a digital world you need constant availability of Energy well that is not managed properly So you need an asset that holds it’s value during powerfailures. On top of that I work in the IT and also in the IT a huge amount of IT staff is going to retire. Now who is going to maintain the IT infrastructure with so many people retiring also in IT. That is why you need precious metals instead of digital assist