Liberty and Finance
Premiered Aug 18, 2022
Rising interest rates are creating a credit contraction that could lead to a systemic failure of the banking system, says Alasdair MacLeod, head of research at GoldMoney Inc. The endgame? Amid a collapse in derivatives, the world’s central banks will have to save the system through currency creation. The further expansion of the currency supply will eventually be currency destroying, MacLeod says.
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