Alasdair Macleod: Yellen Causing A Run On The Banks

Liberty and Finance, Released on 4/18/23

"We are actually staring the bankruptcy of the whole fiat currency system in the face," says former bank director Alasdair Macleod. Depositors have been withdrawing their funds from regional banks and moving them to systemically important banks, that is, banks that are more likely to be backstopped by the government. Spooked by the recent developments in the U.S. banking system, foreigners are reconsidering their dollar exposure. "It's not going to take much to tip an avalanche of selling against the dollar," says Macleod.

0:00 Intro1:00 Dedollarization9:30 Bank runs14:32 Dollar dumping28:48 MacLeod online29:49 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.

bank runs, banking crisis, dedollarization, federal reserve, us dollar

Alasdair Macleod: Yellen Causing A Run On The Banks added by Herman James on 04/18/2023View all posts by Herman James ?+'