Liberty and Finance, Released on 6/5/25 (Recorded on 6/4/25)

Alasdair Macleod warns that the U.S. bond market is dangerously mispriced, with rising interest rates failing to offset growing credit risks—especially for foreign investors. He argues that markets misunderstand risk and that declining confidence in U.S. Treasuries signals a broader collapse in the Western credit-based financial system. Meanwhile, Macleod highlights China’s decades-long accumulation of gold as part of a strategic move to internationalize the yuan and eventually back it with gold, contrasting sharply with Western reliance on fiat money. He explains that gold remains real money—while everything else, including government bonds and CBDCs, is simply credit or political control in disguise. With geopolitical tensions rising and global currencies weakening, Macleod urges individuals to prioritize wealth preservation through physical gold as the world nears the bursting of the largest credit bubble in history.

0:00 Intro
1:30 China’s gold initiatives
23:20 Bonds failing – gold is money!
33:45 European geopolitics
39:30 CBDCs
46:00 Alasdair Macleod’s Substack
48:37 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.

  china, dollar, gold, gold standard, yuan