______________________________________________________
Palisades Gold Radio
Aug 26, 2022
Tom welcomes back Alasdair Macleod to the show. Alasdair is the Head of Research for GoldMoney and an advocate for sound money.
Alasdair prefers to focus on the big picture for gold and the economy. We are nearing a bank credit contraction, which will be severe. GDP is the measure of total bank credit in an economy. He believes a banking crisis is coming quite soon, perhaps only a month or two away.
Alasdair notes, “There is only a snowball in hell’s chance that politicians will stop printing money.” Fixing things would require a fundamental shift in the way government participates in the economy. There are massive risks to bankers if corporations with loans can’t repay.
Aladair outlines his recent article on geopolitics and economic split that is developing. Russia and China both have significant gold reserves. It’s apparent we are making bad policy choices around Russia. Russia is making their energy policies clear to everyone, including those in the Middle East. It’s clear the West is trying to move away from oil, which is creating opportunities for other countries.
The Russian economy works fairly well and has reasonable income tax levels. They still have a few problems around protection of property ownership. The actions of Russia and BRICS nations is designed to reduce and eventually remove the dollar’s hegemonic status.
Alasdair discusses the problems in China, particularly in their housing markets. China has a firm control of their credit and banking system. Long-term, they will likely ride out these issues.
The prices for energy are extremely worrisome, as prices are quite literally off the charts. We also have to consider the probability of food problems this winter.
Advertisement
______________________________________________________
The Euro trend downwards relative to the dollar is concerning. More concerning is the amount of bonds accumulated by the E.U. will bring significant mark to mark losses as rates rise. The Euro system itself is bust.
Lastly, he cautions that investors should take the opportunity of low prices on gold and silver. Get some insurance in the form of precious metals, you might need it.
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
Copyright © Dinar Chronicles
______________________________________________________
