Liberty and Finance, Released on 8/29/24

Alasdair Macleod (https://alasdairmacleod.substack.com) discusses the imminent financial crisis stemming from the Western world’s escalating government debt, which now exceeds levels seen during World War II. He highlights the dangerous debt trap where debt growth outpaces income growth, exacerbated by a lack of foreign investment and rising inflation. Macleod warns that the U.S. dollar is in a precarious position, with rising interest rates and a potential recession contributing to economic instability. He critiques the government’s policies, particularly the approach to unrealized capital gains taxes, as a manifestation of the broader problem of currency devaluation. Macleod underscores that gold is maintaining its value amidst this turmoil, driven by global shifts away from fiat currencies and central banks’ increasing gold reserves.

0:00 Intro
1:35 Topic outline
3:08 Debt trap
22:53 Stocks vs gold
33:15 Russia/Ukraine conflict
42:02 Macleod Finance
43:00 Weekly specials

Alasdair Macleod is head of research for GoldMoney. Alasdair has been a celebrated stockbroker and Member of the London Stock Exchange for over four decades. His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy. Read Macleod’s writing: https://www.goldmoney.com/research and MacleodFinance Substack.

  debt crisis, gold, stocks