Bob Moriarty: Gold is the perfect panacea to weather the global financial chaos
Goldseek, Released on 4/2/23
3.40 - Gold is the perfect panacea to weather the global financial chaos.5.02 - 10 years of near zero interest rates exacerbated the crisis.6.00 - Banks in China have nearly zero toxic derivatives exposure.6.20 - Bob suggests Michael Hudson's financial bestseller, The Collapse of Antiquity: https://michael-hudson.com/2023/03/the-collapse-of-antiquity-release/14.12 - The banking sector issues.18.10 - Unregulated $1 trillion derivatives market.18.50 - Counterparty risk - the new economic concern.20.01 - Risk of cascading defaults.23.10 - The financial crisis could eclipse even the crises of 2008, Dot.com and 1929.24.20 - The FDIC holds merely 7 cents of every 1 dollar insured.27.10 - CBDC's may not be as safe as Bitcoin, the true blockchain tech.35.11 - The low interest rate, "free-money" spigots have been turned off - every asset bubble tied to the stimulus may be in jeopardy.
Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 international aviation records. He is the author of Nobody Knows Anything and Basic Investing in Resource Stocks.
Bob Moriarty: Gold is the perfect panacea to weather the global financial chaos added by Herman James on 04/01/2023View all posts by Herman James ?+'