A Currency Revolution Begins: James Turk, Alasdair Macleod

[@sidkings]

Two distinguished gentlemen who I highly respect in this field. Thank you.

[@888ssss]

i just see two angry boomers incadescent with rage ?

[@birdsaloud7590]

@@888ssss they are more clever and rational than you, clearly!

[@JM-si8xr]

@@888ssss what a dumb comment.

[@fgb3126]

@@888ssss I don't follow you. Do you mean James and Alasdair? I saw no rage if so.

[@MannyScoot]

The sheep spend their entire lives fearing the wolf, only to be eaten by the shepherd .......Once you understand this statement, you will understand politics !

[@venomfang8560]

👏

[@DT-mn9py]

I studied economics in college during the late 60s and was taught that true wealth was land and the minerals under it, period.

[@entanglemententropy6227]

Yes that it sounds reasoning. Just keep in mind that land and mineral rights both of significant counter party risk.

[@JM-si8xr]

Land has property tax in USA so this is not a true asset because of the liability. Minerals in the ground have no value until they are extracted and purified which may be more expensive than the income from sales of the extracted minerals depending on the concentrations and the cost to extract.

[@natalliaf6387]

I've learned that true wealth is having politicians on video doing dastardly deeds.

[@fgb3126]

I've heard that true wealth is health and also the ability to have a skill set that is always in demand via work. And that latter yields gold (true money).

[@01menyou]

Not true. Real wealth is owning the land and minerals under it. Property rights have been destroyed, you only discover this when you try to defend it. The current governnents across the westernised world can take anything from anyone with little worry of resistance.

[@Ted0302]

Wonderful tone, here... The hyperbole of 'Goldbugs' is fatiguing. So, I greatly enjoy when Mr. James Turk speaks with humility and a softer tone. My financial positions (though on a much, much smaller scale, I'm quite sure) closely align with those advocated by Mr. McCloud & Mr. Turk.

[@ratzefummel2676]

It's always a pleasure to learn from you guys ☺️

[@mcloud1070]

Thank you for sharing such valuable insights

[@anahitakatrak5995]

Always a pleasure to listen to two great speakers, their discussions are totally researched based.

[@paulrock1813]

Thank you Alasdair & James for an interesting discussion. According to some technical analysis I watched the other day, the U.S. 10 yr treasury historical data shows the U.S. treasury market may cause a very serious market crash for the stock market & others with a yield in the range of 3.25 to 3.5%. Some precious metals analysts believe we will reach this yield within 3 to 6 months. The point made in a discussion is even if the federal reserve increases their rate by only 25 bps at each meeting, that increase will have a magnified increase by the mechanism of the bond market. I look forward to your future articles & discussions.

[@davebellamy4867]

Mario at maneco64 is looking at that external peak on the chart at 3.15% in 2018-2019. The nobody special finance guy was looking at lower figures that have already been passed but he has a great chart. Then there is the MMRI and MMMRI. Originated by Greg Mannarino and modofied by the NSF guy mentioned above. His chart of the 10yr yield has the yield around 2.75 from last week as hitting the 200 week moving average on the nose and already broken above the major downtrend resistance line going back 30 years.

[@SoCalFreelance]

Good to see some substantive content again. I think there needs to be an IAEA style inspection regime for nation state commodities (gold, silver, platinum, palladium). Prove you have what you say you have as a form of currency collateral.

[@c.san.8751]

Looking at the situation of the Great Depression, life was very difficult for many! People better get ready because what will happen soon will be much worse than the 30s. To me, listening to all of these videos and reading the comments, I believe most don't truly grasp the gravity of what is coming. I remember the stories and they were brutal. I can't even imagine what is coming and it will be coming soon!

[@james6401]

How bad was it and at what level - poor, working class, middle class, rich...?

[@c.san.8751]

@@james6401 Are you kidding me? Seriously I am not trying to be a jerk but do your own homework! How could you not possibly know this? This is why we are screwed!

[@james6401]

@@c.san.8751 I was trying to have an exchange, maybe not exactly a conversation, I wouldn't presume that much from people on utube but maybe jog up a bit of a comment from someone who might like to rabbit on. The Great Depression was a very distant thing for us Irish- we were just after independence, (and a horrible civil war) on a project to construct our country and many who left for the States in the 20s and 30s were glad to get there no matter how bad the US was then.

[@c.san.8751]

@@james6401 History rhymes. It was bad, really bad. Now, there is significantly more debt in the system, the banks are incestuously connected all over the world. This time it will be global, couple that with enormous food shortages. Many millions or more will starve. Study up on the Great Depression for your own sake. Read The Fourth Turning by Strauss and Howe to understand cycles and why they repeat. Read The Creature of Jekyll Island - by G. Edward Griffin to understand the level of deceit, criminality and corruption that will ultimately bring back feudalism on a global scale and reduce us to Serfs. If you are from Ireland, then you know exactly what I speak of. It is why so many Irish abandoned Ireland in the 1840-50s to come to the USA and Canada and really why so many left in the 20s and 30s. People need to realize that there is strength in numbers. Freedom began with Magna Carta and was enshrined in the US Constitution. It is about to be lost.

[@pankakemix99]

Gold price has already adjusted to 2020 money printing. +50% price since 2019.

[@ron-zf6hq]

The Dynamic Duo!👏👍🏼😊

[@strongmindandbody3563]

Good interview overall, even better if the host did not interrupt Alasdair while he was taking and let him finish.

[@wimvanaerde6249]

Rip rob kirby

[@cheaplaughkennedy2318]

I did not know Rob had passed . He was great 🙏

[@tuurdemeester]

Loved his newsletter!

[@wimvanaerde6249]

@@tuurdemeester Zelzate hier. Ik hoor Doug casey soms over u vertellen. Veel groeten.

[@tuurdemeester]

@@wimvanaerde6249 Doe hem de groetjes van me! We ontmoetten elkaar in 2013. Ik deed een interview met hem in Buenos Aires en later zagen we elkaar in La Estancia de Cafayate. kzbin.info/www/bejne/pILTanywraaisLc

[@yourplumbingpal1225]

How have I not been subsribed to this before. Thank you gents great video.

[@mikefry5704]

Great vlog great advice

[@daviddetweiler4132]

The amazing thing to me james is that silver will be more valuable than gold and will be 1 to 1 with gold in the near future. All gold has been accounted for and most silver is in the garbage dump. Along with the industrial aspects that are many times forgotten.

[@pauloshea3741]

Not a chance! Silver is a byproduct of the copper mining industry!

[@JM-si8xr]

Gold and silver and copper and etc are true assets because they have intrinsic value that is with their use in manufacturing process to produce goods that people need or desire. They are true assets because they have no liabilities and always have value. Cryptocurrencies need energy to exist therefore have a liability as well as have no intrinsic value because they are not used in manufacturing. Cryptocurrencies are a bet like stocks and may be profitable but may also be worthless. Gold and silver are never worthless.

[@sheroniflxoxo919]

In my opinion crypto currency is the same as FIAT “money”!!! Speculative, volatile, and Intrinsic value of 0!!! Just think: You are selling your house, the asking price is 500K. You have two offers: first buyer offers you cryptos for 500K, that you can NOT hold in your hands and second buyer offers you suit case of shiny ✨, beautiful gold coins ! Which form of money you gonna accept?! This one is NOT brainer for me 👌

[@fgb3126]

Hear hear!

[@james6401]

I can get my hands on lots of lead here in Ireland- will that keep its value?

[@mydogma7116]

What a great show

[@sorornishicffbaddcde8567]

Very good, thank you.

[@vanveen8472]

we are well into it now, god bless us all

[@POP80Y.8]

Thank you, A Gift from the sky,,, Buy Buy Buy Physical, Any fiat left Repeat, They cant print Silver /Gold

[@liannne]

Please give access to the Phils for us to buy. Thanks!

[@rjac001]

What's happening at the Shanghai gold exchange now that Shanghai is in lockdown. And what are the implications for gold...? Anybody have any insight?

[@udaypai3253]

A very nice insight, ppl (including me) think they are literate hence know everything even about finance which is false, Financial literacy is totally different and one must have atleast basics of it, otherwise these lpolitical leaders and or central bankers will take ppl for a ride, which is what going on now, God save world

[@Nostrildomus]

Turmoil is rarely pleasant . We and I mean everyone have this to get through . Can't rush it or depend on gaining advantage gaming or stepping on disadvantaged sectors anymore . T/C/E

[@TheGilbalfas]

I read Alasdair Insights makes me feel confident in navigating these crazy times. And confident in recommending to my family what we should do to remain middle class, maybe even rise a bit over the next decade. Thankyou Alasdair for your work. 🙏🏽⭐️❤️

[@felipefeliciano6975]

True gentleman and smart !!

[@jeepdriver7603]

Having the dollar be the most popular fiat currency is a bit like winning a beauty contest in a leper colony.

[@lucylovitt9583]

IF anyone is interested: I've always understood that Chynah appropriates it's gold purchases under military assets. Hence why there's not a reliable source on tonnage.

[@c.san.8751]

@@thetruth9210 Well, first of all the USA couldn't declare war if it wanted to. It is broke. That is one reason why it hasn't gone into Ukraine and it is the reason why it will not defend Taiwan. Second, there has not been an audit in over 60 years and they have fought it tooth and nail because the gold is gone. Has been for a very long time. I believe by the end of Bush 1 and Clinton's first term actually. China and Russia both have staggering amounts. India may only have 800 tons but the Indian people have more gold per capita than anyone on the planet by a long shot.

[@TheFinnmacool]

"Maybe politicians will come to their senses...." LOL! Not the bunch we've got but hopefully one day we will have some sanity return to this clown world.

[@tolun99]

Corruption, corruption, corruption. It has nothing to do with "coming to their senses". Nothing to do with making sense, either. It is all about enriching themselves. They're not going to come of this merry-go-round, until they are forcibly flung off at high speed during a runaway inflation.

[@birdsaloud7590]

Is the Bank of International Settlements in Basel, controlling and co-ordinating the 63 Central banks?

[@DrRock2009]

It should be…

[@cr2802]

Excellent...

[@escapefelicity2913]

10 bonus points for using sortof three times in one "sentence"

[@40ny]

It seems to be sortof the way people sortof speak now when they don't want to sound too sortof dogmatic.

[@buzzblitzer750]

How does China keep buying gold and wheat when their own economy is in trouble? Is it because they are just using debt/U.S. bonds to purchase with?

[@chrischong6211]

Debt based economy is a Ponzi as debt is also asset and can't be reduced or the economy shrink. For the world to return to sustainable growth path, debt must be brought down to the right level by the market. Central banks have artificially kept the debt from going down to the right level. When debt reset down to the right level, all the other assets like stocks and properties will also reset down in price. If we don't want the money to go to money heaven, it has to move somewhere and it cannot move to all commodities as it will cause inflation. The only way is for money to move to a few commodities to preserve wealth without causing harmful inflation.

[@iancassie9840]

is not the term currency , HISTORICALLY the current that allowed COMMODITY SHIPPING to move from one country to another

[@thirachai4676]

Suggest that you allow the guest to finish his trains of thought before your cutting him off.

[@jeffreymorris11]

Russia's recent ruble policy has gamechanged its Western discontents. Yes indeed Q3 and Q4 2022 will be preludes to seismic 2023.

[@vmelecio1789]

Chinese people can own gold but not pets .Soon enough they will come for their gold also.

[@watersport86]

Can someone make the obvious point that cryptocurrencies have an unlimited number of alternatives. There are already 11,000 of them and unlimited number more coming.

[@anonpst]

dont take this personally, but it really doesnt matter how many cryptos exist. there is a growing bifurcation in the market and i see little reason for why that would slow

[@beyondtheveil1609]

Goldmoney stole all my money from my account.

[@daviddetweiler4132]

road to roota with bix weir

[@fgb3126]

Bix was totally wrong about the Fed seeing the Light and going to a gold dollar because Fed Chairman Greenspan had reverted to his Ayn Rand days. I've ignored him since.

[@c.san.8751]

@@fgb3126Throwing the baby out with the bathwater isn't a good strategy either. Bix has a lot of great info as well.