Liberty and Finance, Released on 3/22/23
Credit Suisse was just taken over by UBS. Banks as big as Credit Suisse always have to be saved, otherwise, the ramifications would be disastrous for the global banking system, explains Alasdair Macleod, head of research at Gold Money. One single event is unlikely to take the system down, he says. Instead, one problem will compound upon another. As for the magnitude, he expects the current banking crisis will be considerably greater than the Lehman crisis.
1:25 Credit Suisse
7:50 Fed intervention
14:50 Markets vs currency
30:20 Banking risks
46:49 Gold Money
47:50 Miles Franklin
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.