SBTV's latest guest is Alasdair Macleod, Head of Research at Goldmoney. We discussed the rise of zombie banks in Eurozone and the devastating fallout of the impending collapse of the debt-laden TARGET2 settlement system on the rest of the world.
Discussed in this interview:00:00 Introduction01:53 Closing of the gold window in 1971 was a system failure04:56 Weak money: The root of all economic & social problems11:52 Can the US debt be repayed on default is on the cards?13:43 Rise of Europe's zombie banks23:31 TARGET2 settlement system ready for implosion26:39 Comparing the stock market crash in 1920s with 202034:00 Case for gold has never been stronger38:44 Cryptocurrencies to die with collapse of fiat currencies
Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist.