Liberty and Finance, Released on 12/19/21
The banking system is at high risk of collapsing if interest rates rise, says Alasdair MacLeod, head of research at GoldMoney.com. We’re seeing massive amounts of over-leverage and we’re seeing it in over-valued markets, resulting in “the biggest level of speculation in financial history. The collapsing of that bubble is not going to be a light hearted affair.”
“Just read the history of every financial bubble,” he says. “We are here once again, and we are here in greater style than we have ever been before….it’s worse than tulip mania – this is global.”
Article discussed: https://www.goldmoney.com/research/go…
0:00 Intro
1:04 Gold & silver update
7:13 Banking system
24:50 Who’ll hold the bag?
32:11 Preparing
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.
Banking System On Edge Of Collapse | Alasdair MacLeod added by Herman James on
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I hope Alasdair is right this time. He was predicting the imminent failure of a major (GSIB) bank more than a year ago. Everything he says makes sense, but we are in an entirely corrupt system that is entirely rigged and so I am not so sure about the timing. I think what is more likely is a black swan event, like a major war or military action taking place in Europe or the South China Sea, which will trigger a major collapse in the markets. Any war with China will result in China halting all imports to the US; imagine the consequences of that.
Don’t forget about a massive cyber attack. The Fed, World Economic Forum, Bill Gates, Klaus Schwab have already said we should expect one in the coming years (wink, wink).