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As Good As Gold Australia: Credit Suisse Rescue Catastrophic, Banking Sector on the Verge of Bankruptcy (w/ Alasdair Macleod)

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As Good As Gold Australia
Nov 5, 2022

In this latest interview, Brian and Darryl Panes from As Good As Gold Australia interview Alasdair Macleod, Advisor to AGAGA.

Has the ‘economic hurricane’ that Jamie Dimon referred to hit our shores?

The RBA continues to stick to their word, increasing rates in an attempt to curb inflation, up 0.25% – 2.85%.

Inflation here in Australia is now at 7.3%, and Australia’s debt to income ratio now stands at 185% – a new record.

As cost of living expenses continue to escalate in the US, the FED is about to confirm another rate hike. So where to from here? Will the FED continue to tighten? How long before they pivot and introduce another bout of QE?

Further rises in interest rates will eventually break the economy, and contracting bank credit will put banks at risk.

With commodity prices, generally subdued, gold and silver were quiet backwaters, but the technical situation is becoming potentially explosive – what does this mean?

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Where to with gold and silver from here?

Physical gold sales worldwide are up 28% YOY – these are World Gold Council numbers.

Saudi Arabia wants to join BRICS.

The Egyptian Central Bank Govenor wants the Pound backed by gold.

There’s wars, inflation running rampant, and the world is in economic chaos – it’s a perfect environment for gold.Show less

https://www.youtube.com/watch?v=m3N2eER2WnE

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