Credit Crunch to Lead to Global Banking Crisis with Alasdair Macleod
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Interview recorded - 19th of September, 2023On 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 - Introduction1:36 - 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 - https://www.goldmoney.com/Blog - https://www.goldmoney.com/research/legal-definitions-of-money-and-creditRecent Article - https://www.goldmoney.com/research/time-to-trash-triffinTwitter - https://twitter.com/MacleodFinanceLinkedIn - https://www.linkedin.com/in/alasdair-macleod-9494b27/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas