Alasdair Macleod: "Get the Hell out of Credit"

[@jvin248]

Great Quote "It is Government that is ruining our lives, we can't afford our Governments anymore." - Macleod.

[@36handy]

Not with all the pensions and regulations

[@donaldcolucci2557]

This is sort of plausible but in reality most people don’t think about interest rates if they own a home the interest rates are locked in and the price of “thing’s”are coming down this stuff applies to maybe home builders and small businesses. A small percentage of citizens are thinking about this crap. This is a couple of guys doing an info commercial

[@theodoroseidler7072]

Lefties looooove that kind of government. The big daddy kind.

[@tormodundheim259]

​@@donaldcolucci2557It's different in other countries. Here in Norway 96% of mortages are adjustable rates and only 4% are fixed rates.

[@dawnlightening]

Alasdair's greatest gift is his clear and simple explanation of financial events. No obfuscation or unnecessary jargon, just the plain unvarnished truth.

[@dabbbles]

Gawd!!! HOW many morons ARE there out there??!! Gold has NO USE; therefore NO 'VALUE'. Reality beckons:- Imagine a starving African (or, soon, starving american!) village. Then park a truckload of gold in the main square. Next, park a truckload of BigMacs at the other end of the square and see which truck gets mobbed by the residents.

[@CosmicSeeker69]

What, like Andrew McGuire on Kinisis? 😵‍💫

[@omnium2607]

Thank you Alistair for saying the truth about the Russian economy and the desperate ridiculous mistake of western sanctions

[@vitordasilva545]

The Russian economy is good now, wait the result is coming later hahaha....

[@vitordasilva545]

Go back because you didn't understand very well.

[@vitordasilva545]

In other words they are destroying the economy, understand?

[@elainemagson213]

Alasdair's understanding, especially geopolitical, is far above that of many merely financial commentators. I love his concern for us ordinary Joes. He is also tactful with interviewers. A gentleman.

[@jacquelinebrunder2384]

Very disappointed to see the Russophobia on full display from Buitink but good to see Alasdair put him firmly back in his box.

[@PMMagro]

What phobia? He just said wartime is not comaprable to peactime. Sure Russia produce eneormous ammonuts of "goods" and train man many men but.. it is not for economically normal things (peacetime needs). Both of them agree that snctions are more politics than economy and will be worked around.

[@svenhinrichsen458]

This should be mandated to everybody...listen to Alasdair 👍🏻

[@JoAnnPokorny]

‘Mandated’?

[@danielwoolman8969]

An ounce of gold in 1920 was 20$ and 104 yeas later it’s worth 2500$ The dollar has been steadily losing value over time and it seems to be exponentially increasing the last 24 years

[@alanmrsic893]

In Gold we Trust!

[@syamkumarkaturi9761]

If gold price not falls every one will die because of wars and monkey pox..Decrease gold price and increase platinum price. .All Indian politicians stores more gold and terrorists stores more gold so gold price should fall even more to stop wars across the world....

[@dabbbles]

You'd do better to trust in the 'Multitudes of Morons' who say things like: 'In gold we trust'.

[@howardbeale5303]

@@dabbbles - You shouldn't call others names when you clearly don't understand basic economics.

[@ph8077]

Did you mean Bitcoin? You know that BlackRock owns the third highest total of BTC now. I guess the largest asset manager in the world might actually know something you don't...anachronistic gold luddite!

[@alanmrsic893]

@@ph8077 perhaps or maybe :-) how many Central Banks own Bitcoin? Yes, have seen some calculations based on assumptions lol. The story goes as this: the Central Banks of Swiss buys US stocks, therefore they buy Micro Strategies for Sailor, therefore they own Bitcoin :-) The second one is: BlackRock owns soms mining facilities for mining Bitcoin, therefore they own the stuff :-) Good luck with these assumptions and calculations based on light weight air :-)

[@julians472]

Alasdair is so smart! He is absolutely correct about Russia.The interviewer needs to broaden his knowledge !

[@arturl7583]

Paul was entirely right; this nonsense about Russia was embarassing. Read my comment above and make some effort to understand.

[@cendrach]

I agree that Paul was entirely right.

[@Jo007kin]

the UK does not suffer 'sanctions' but the cost of living (ie; prices) is always increasing nevertheless as the purchasing power of fiat plummets, so the 'average' Brit is no better off than his Russian counterpart.

[@seeker2118]

His Russian counterpart will be better off as Russia produces everything needed for life. It is going to be a rude awakening when it is realized that fiat money can't be eaten or fuel industry.

[@8_x_9.]

​@@david-fletcher A few things could replace a fiat currency. Commodities...etc.😊

[@LadybugWinter]

Everything Alasdair Macleod says is accurate. Great interview.

[@thevanman4498]

Great to see the Alasdair looking health and a fresh haircut. He always speaks wisely!

[@boris7417]

Priority of western people is have enough food and enough heating in winter… buying gold is a luxury beyond their capability for now !

[@chrisg2369]

So much eagerness to list the challenges Russia is facing at 34mins when even the IMF admits the fast growth of Russia…

[@DarrenSmith-tq2xz]

Thanks Alister for the great content once again

[@tonidimitrova6078]

The fact that the Russian youth is able to buy western goods at inflated price means that they have that amount of money to buy them, doesn't it? So, their economy is thriving enough to allow them to earn enough to not only cover the necessities but even an overpriced western outfit

[@CosmicSeeker69]

And, there's a crazy strong market for Western cars now the sanctions...crazy money being paid.

[@biulaimh3097]

A lot of people think gold took off when Nixon took the US off the gold standard but in reality it began a year earlier when the US could not return Germany`s gold in a timely manner. In The Wealth of Nations, it says that gold tends to go from poorer countries to richer ones. The repatriation of gold around the world is likely to lessen the amount of gold stored in places like Fort Knox.

[@frankbadalato513]

Thank You Both!

[@syamkumarkaturi9761]

If gold price not falls every one will die because of wars and monkey pox..Decrease gold price and increase platinum price. .All Indian politicians stores more gold and terrorists stores more gold so gold price should fall even more to stop wars across the world....

[@nizarghantous6077]

Even my english is Limited , i can understand very good what Alastair says 😊

[@davebellamy4867]

He speaks proper English grammar.👍👍

[@naidoo307]

As long as it’s not Aussie u ah e a chance !😅

[@DavesNotHome]

Great discussion gents. Thank you.

[@austinbar]

Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.

[@joshbarney114]

The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.

[@rogerwheelers4322]

Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you. I work with a financial consultant regulated by the SEC, and started small, but eventually accumulated almost $820K.

[@FabioOdelega876]

I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.

[@rogerwheelers4322]

‘’Marisa Breton Dollard’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@FabioOdelega876]

Excellent share, just inputted Marisa Breton Dollard on the internet, spotted her consulting page ranked top and was able to schedule a call session. I’ve seen commentaries about advisors but not one looks this phenomenal.

[@beabeliever9]

But is there a risk that the government just says it is illegal to own gold as has happened in the past?

[@wvhaugen]

Keep in mind the grey economy (called "the black economy" in some countries). For instance, I will take gold and silver for the food I grow. In a system dependent on digital, physical gold and silver will be harder to track.

[@brianwatson988]

@@wvhaugen In my opinion either it gets confiscated or taxed to oblivion. It wont happen immediately because they wont want to upset rich gold holders, but they will wnat NO alternative to fiat currency. Tricky to navigate.

[@JC-XL]

The host was in a hurry to end the talk when Alasdair explained him how solid the Russian economy was, he got scared YT will smack him in the algorithms

[@dvplaysolutionsltd4087]

I agree with "go out of credit." What I would like to ask is if stocks are a credit, too? I think stocks of companies that produce goods and services that will be used in the future will keep the value of investments.

[@mandrews1245]

When it goes, everything goes. The good, bad and ugly. When it rebounds, after having lost 40% - 50% of the value, that when future good products and service stocks will survive. But a lot of money will be lost before then…. You can always tell when a crash is going to happen, because people believe it won’t and they will be safe.

[@SamsungSamsung-md9xq]

​@mandrews1245 and the other thing is,it could take 15 years to go back to where you can make a profit from the stocks you held on to,or have to sell at a loss because you need the money to live!

[@howardbeale5303]

Gold is money. Everything else is credit. -JP Morgan

[@jeffvink]

Warren Buffet: “Gold … has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end”.

[@syamkumarkaturi9761]

If gold price not falls every one will die because of wars and monkey pox..Decrease gold price and increase platinum price. .All Indian politicians stores more gold and terrorists stores more gold so gold price should fall even more to stop wars across the world....

[@howardbeale5303]

@@jeffvink - We're all going to find out soon just how wrong this old dog is.

[@SulisHana]

Look into the cacao crisis In Ghana . Reuters has a shocking in depth account of it. Gold mining trashes the earth, causes corruption, destruction and poverty. It's western man's currency and doesn't respect the earth. And if you think gold is money, the Mayans, not so long ago, valued the cacao bean and the Mayan with the most cacao beans was considered the wealthiest The irony would be comical if it weren't so tragic.

[@howardbeale5303]

@@SulisHana - You need a lesson in economics. Next you're going to tell me about tulips.

[@someoneelse.2252]

Have followed Macleod for over a decade. His opinions are both informed and smart. Try to have him back on again. Thanks.

[@douglasmacarthy-vw9oq]

Watching people shopping for the old price is hard sometimes,just want to hug them and say don't worry about a thing everything's will be all right.Not

[@patrickwright-temple6183]

well done for not just agreeing with Alistair but putting forward your own perspective on events, A breath of fresh air , i don't subscribe to any channels but that's what has made me subscribe to yours.

[@oneeleven9832]

Gold is for after what’s coming, not before or during..but i guess if people are selling it just shows how bad things are..

[@winstonsmiths2449]

Agree for the most part. I have silver and some gold for my journey through the coming controlled chaos. Fiat also. I am waiting and looking out for opportunities to buy a house(s). But the bulk of gold is for the long hail.

[@winstonsmiths2449]

31:40, it is not that the Americans did not learn, or fell into a trap. This has been planned and executed for 100 years now. The goal of the fed was to ultimately help create or force one world government. All of this debt is to create dependency on government, limit mobility and speech, and ultimately depopulation. The depopulation will be starting this winter. China crops have been destroyed, not all but enough to cause starvation. They know what they are doing. The hardest part of their plan is timing. They want to be fully prepared before WWIII is given the go-ahead..

[@gianmariamalmesi4133]

Why don't you start by "depopulating" your mind from creepy, crappy conspirational theories ?

[@ortundzeit]

Maybe over 2000 Years

[@kevindrechsel]

Spot on

[@erwin5760]

China crops desroyed?

[@vitordasilva545]

Create a worl government! Depopulating the world? Where did I hear that before? Ha....the conspiracy teory.....grow up and sleep in peace nothing of that will happen. You just had an nightmare. Hahahaha. There are people who never learn😮😮😮😮😮

[@ulpho1]

dit interview had op geen beter tijdstip kunnen komen bedankt alasdair en paul

[@Bufford2024]

This interview could not have come at a better time. Thanks, Alasdair and Paul. (Translation from Dutch language).

[@richardenders6606]

Alasdaire's review of Stinnes was imisleading, Stinnes was buying a hard asset with easily repaid fiat credit via Weimar inflation and even if events including WW2 eroded those buildings rental potential the land value was eventually enormous

[@user-yg6cg2zs4i]

El oro,la plata y el cobre son las monedas y metales reales y su futuro es el mayor inversor a la paz siempre q sea. Fisico

[@FM-qq2kk]

How do you know if there is actually Gold in Fort Knox??- Do you take the word of those who you know have lied to you before ?

[@ednichol7419]

Gold has only one use. It can be tokenized as a real metal asset to back any national currency. Note also that any durable hard asset can do the same thing.

[@CosmicSeeker69]

Did you listen to the interview?

[@margrietlaan8020]

Wish my bank offered gold accounts!!😊

[@brucey5585]

Wish mine sell american gold eagle so I don't have to drive 30 min to visit my trusted coin shop.

[@ishaks8152]

Yes gold investment accounts is the convenient way 👌 if you don't want to hold physical gold.

[@p.m.8316]

So they can steal your gold?

[@SamsungSamsung-md9xq]

​@@ishaks8152and if the bank goes broke,what happens to your gold,you have to own it!

[@chriseustace9734]

Might the current National Railway Strike in Canada, crippling important exports and imports as far away as Mexico, further destroy struggling economies increasing inflation with product shrinkage?

[@donaldcolucci2557]

I believe this is Rupert Murdoch’s son-in-law I would take anything he says with a grain of salt he has his own ulterior motive’s for everything he says this is basically an infomercial and I resent this being presented as anything other than that

[@PeterSodhi]

WOW great interview

[@leomatsstsos65]

Very true about South Africa and how we found a way around sanctions.

[@MrADTNZ]

What about Silver?

[@suzannethepatriot8049]

Should be next. It usually follows gold as others start to wake up. By then, gold will be unreachable for most so they will go to silver. That is what the experts keep saying.

[@syamkumarkaturi9761]

If gold price not falls every one will die because of wars and monkey pox..Decrease gold price and increase platinum price. .All Indian politicians stores more gold and terrorists stores more gold so gold price should fall even more to stop wars across the world....

[@PamalaClift]

Only gold is #1 asset, silver is play money.

[@disndat1000]

It's as simple as physical demand has overwhelmed paper supply. Forget what paper games play in the background, that's irrelevant. Been waiting for this since 2003 as being the only thing that can end Gold manipulation. So good to finally see it happening.

[@syamkumarkaturi9761]

If gold price not falls every one will die because of wars and monkey pox..Decrease gold price and increase platinum price. .All Indian politicians stores more gold and terrorists stores more gold so gold price should fall even more to stop wars across the world....

[@dabbbles]

Dear Dopendat! How come all you out-of-the-woodwork 'experts' never make the point that gold's supposed 'value' (in reality it HAS no 'value'!) is reckoned in DOLLARS (or some other decreed CURRENCY?) When 'currency' collapses (as it's on the point of doing right NOW) HOW TF do you intend to determine the price of gold???? ANY 'value' can ONLY be determined by USEFULNESS, ie 'NEED': and gold has NONE.Nobody NEEDS it! You certainly can't eat it; nor even wipe your arse with it!

[@dvplaysolutionsltd4087]

@@dabbbles You are right, gold is not eating, but people always need to have a way to preserve value. Grain is much more important indeed, but you can't store grain and other foods at your home in needed quantity and condition to can eat them let say 1 year later. That should be done by specialized companies in specialized store buildings, what you DO NEED is to give something to those companies and they to give you food in quantity you need. And here Gold comes into place. Please read the 3 main conditions that money should be corresponding, they are set by Aristotle 2300 years ago. Gold answered to all those 3, FIAT money answered only 2 of them and failed now on 3 - to preserve value. How could a value be preserved when the money is increased fast by printing them by FED? And when this is beneficial to only part of the world - Western countries (from which I'm) - how Asia, Africa, Latin American countries be happy to use dollars to make the USA / Europe live better, while they live BAD? This paper world and printing of money can't survive much longer ...

[@SamsungSamsung-md9xq]

And bitcoin even less,no intrinsic value!!​@dabbbles

[@naumanayub1348]

​@@dabbbles Gold value is taken in comparison to house price in case of currency collapse.

[@rich5310]

Your right either new clown president will increase debts. Wtf is anyone holding debt,treasuries, dollars

[@mennobaron975]

"And all the rest of it" 😁 Maar één iemand kan dat zo prachtig zeggen!

[@aliamini8478]

We are in the first quarter of a Gold Super Cycle and I will keep BUYING

[@jethro_Jr]

Gold is spiritual

[@SulisHana]

It really isn't. Look into the cacao crisis I. Ghana . Reuters has a shocking in depth account of it. Gold mining trashes the earth, causes corruption, destruction and poverty. It's western man's currency and doesn't respect the earth.

[@howardbeale5303]

God's money.

[@phidaniels8293]

nice show

[@magyarninetysix9821]

Alasdair hit the nail on the head about the economic success of Russia in the face of self destructive western sanctions time and time again. The interviewer panicked and tried to shut him down. He likely didn’t want to be shut down himself (by YT)!😂

[@Edscomment]

Both are involved in/ have interests in Gold going higher … keep that in mind … There are alternatives to Gold …

[@pacpern9988]

Bitcoin says ‘Hold my beer’

[@usersh1qu8d7z-t3j]

Pay your mortgage off asap...hedge your cash with gold...pay all debt asap you can before anything...manage life...money/creed does not fix money problems...debt will destroy your retirement...

[@fishtherapy100]

This guy is excellent. I am subscribed to his substack . Highly recommended.

[@briget3456]

"We can't afford our governments..." AM

[@theodoroseidler7072]

Excellent interview. Thanks. Carry trade is not being disrupted. It's shifting from the Yen to the Dollar, due to the prospect of the interest going down. But if the interest goes up in the US, or some major disruption happens, this lot is in trouble. The Dollar smile and all that. Anyone following Bloomberg's high frequency knows the US economy is already in recession. With inverted 2-10yr spread reverting and Payroll being revised down, reality is slowly sinking in for the public in general.

[@comments-amazing3015]

Interest rate was cut last week in NZ after the central bank gave up on fighting inflation and the NZD increased in value against the major currencies.

[@kurtweber7361]

Money is paper....Gold is value!

[@andyhughes1776]

The more popular something is, the more potential for frauds.

[@charnockvideo]

Thanks for the informative interview.

[@reinventmoney]

Glad you enjoyed it!

[@CosmicSeeker69]

7:00 Yes Alisdaire - the ONLY reason ppl ever sell is bc they need capital release. Most especially in a rising market

[@PT5684]

So you are a broker or investment house on gold .....and you are giving opinion that gold is the future.....😊

[@TonyL-gw4qx]

Ask Alastair why gold Money sold most of their gold?

[@m.bender527]

So then... why did Goldmoney sell all its physical Gold and went into commercial real estate - even leveraged with credit? Makes no sense...

[@ronaldl9085]

There's way more silver traded on paper than there's physical silver to back this up. Once buyers want their silver physically delivered, than silver will outperforme gold. If the gold market goes into a paper gold market just like silver, that's might make things worse.

[@gsismaet5385]

Gonna get me a wheelbarrow to carry all that fiat cash to buy a loaf of bread.

[@rudeawakening3833]

Did I miss 60 Minutes ? The Fed is going to start cutting SIX TIMES ????

[@happychappy7115]

JPowell fashions himself on Paul Volcker; inflation is the devil👽. Cuts if they come will be late and little.😊

[@rudeawakening3833]

I appreciate your response . I watch TOO many reliable KITCO , Stansberry, Reuters , Bloomberg , and just haven’t heard about the SIX TIMES cut . And Paul Volker RAISED rates to 21%

[@syamkumarkaturi9761]

If gold price not falls every one will die because of wars and monkey pox..Decrease gold price and increase platinum price. .All Indian politicians stores more gold and terrorists stores more gold so gold price should fall even more to stop wars across the world....

[@davebellamy4867]

​@@rudeawakening3833May be speculation on Alasdair's part but what do the Fed dot plots say right now?

[@davebellamy4867]

Just looked at the Fed dot plots. Average forecast is for about 5 cuts by end 2025 and 3 or 4 more by end 2026. Meaning ¼% cuts. They won't let me post the page location, I'm sure.🙄 It's easy to find.

[@nigellittlechild2730]

Is Glint a good account ?

[@donaldist7321]

sorry guys, but the dollars loses value against which currency? As long as there is no competitor, the dollar ist still the best bet in town. After metals, of course.

[@wotcherfaz]

What duty or taxes are incurred in the described swapping of futures to forwards and delivery and exporting to China??

[@mikefry5704]

Great words as always. Enjoy

[@christophernewcombe9524]

Why would real estate lose value just because it's priced in fiat currency? Surely as the currency lost value, the price of the property would rise.

[@lorenzost.dubois9512]

I love Alisdair's commentary, but I don't think the Sahm Rule was quite triggered, it was very close but reversed.

[@bellakrinkle9381]

After hearing this discussion, I am stupid to be short SBUX when I can take the loss and buy gold from Alasdtair! My original buy price was higher than today's price, but it suddenly leaped higher, leaving me shy of $400 instead of more than $1500.

[@bell1095]

A little overfocused on monetarian view on economy. But is there an alternative perspective else than weapons, armours and defense ?

[@hiwotrobins8523]

When gold has no price (because nobody wants to sell it) it will be price-less. Then silver will return as money.

[@theodoroseidler7072]

The Dollar is far from being in the worse situation. Japan's debt is 240% of GDP (if you count all means of debt, almost 400%), Europe has many countries with over 160% GDP. In China you can't trust as the state practices "market control" and has the largest credit bubble in the history of mankind. Australia is also on Bubble Mode. England is swallowing the hard square Brexit pill and it's stuck in the throat. What is left that has a market cap ? Some would say: Swedish Krona and Swiss Franc, but these economies don't have the market cap. I own gold myself and I believe he is right on in many accounts. But 60% of all world debt is denominated in Dollars. I see no way out other than people in Washington wising up and doing what is technically right (and not politically convenient).

[@JJ-Cool15]

The truth is so painful....

[@Penpalinflorida]

Paul, you sound like a typical Russophobe, not a financial analyst. Russia is going great economically and will continue to do so after the war is concluded. The Russian military hardware that is destroying sub standard western equipment will be in high demand bringing in lots of hard currency. The civilian side of the economy is growing faster than the military side thanks to sanctions. They have almost no debt, they lost 300 billion of foreign reserves, and still their economy is growing faster than any western country. They are sitting on the largest deposits of mineral, oil and gas resources in the world too. How you can say this prosperity is due to the war is beyond me.

[@Edscomment]

😮

[@davidhorn6008]

The best investment is Agricultural Land. We need a new currency NOT based on debt!

[@philipstallwood9813]

I think Alastair is great but not supporting home industry because it's cheaper overseas doesn't make sense when you are crippling local industry with taxes, unreliable energy and lockdowns.

[@Tnarg-the-clown]

Do you read the comments Paul?

[@reinventmoney]

As much as possible! :)

[@ottmarschafer5713]

Mr. Mcleod is not mentioning silver or platinum as a good idea of investment !? He is mentioning gold a lot. I wonder if he also knows a lot more about these metals!?

[@skijay2010]

hahahaha, the host just repeated tropes about chinese parts and booming russian economy that proves europeans deserve everything that is coming to them. ordinary europeans are reflected in the politicians who rule them or are used to rule them.

[@thetruth9210]

Where are you living the USA?? What is the choice of politicians like there

[@ninjehschrijver7576]

Nonsense. You don't get how the game works. Politicians are pre-chosen. And not by the people

[@davebellamy4867]

​​@@ninjehschrijver7576Selected yes - but the people allowed it, for the most part. They also allowed fiat currency and everything else. They never even attempted to keep their governments in check, hence the utter monstrosity of the European Union. In fact, they cheer them on, mostly. They will cheer on the Hunger Games when they come.

[@titchglover2601]

reguarding the coment to western clothes this something I noticed in the begining of the U kraine war. Ukrainians migrating away from the war zone were wearing emaculate, clean high end western clothing.

[@dwaynecarroll7985]

People selling gold means they need the currency. The world is short US dollars as $44T to 88T of credit has to be eliminated. And this will continue. I suspect deflation will soon go out of control. AM knows this becuase he understands leverage. You may have bought an entire block in Berlin for 1 gold coin but by 1945 you werent in good shape especially on the east side. Your city block was probably a pile of rubble

[@dwaynecarroll7985]

there will be no QE. Plenty of reserves to handle this. But in total agreement 80% powell does nothing only 20% .25 bps cut. But if he does this he knows it wont go his way

[@boogeyman2868]

guy is wrong.... took me a while to figure out he doesnt know what he's talking about.

[@MrThurstjo]

Paul, has a distorted view of the Russian economy. Chinese parts inferior to western parts?!? War economy when military spending is at 6.8% of spending!?! I guess that he missed all the Russian businessmen who returned home and are investing in all the low hanging fruits in the Russian economy. Most of that growth comes from investment, not military spending. Try reading Nabiulina’s statements on the Russian economy rather than listening to the BS coming from the western media. And I guess that Paul has yet to understand that China owns all the supply chains, has an industrial capacity which is 1.5 bigger than the collective west combined and as of this year is zooming past western companies in the last area in which it was trailing, semiconductors. And guess what Russia has access not only to all those industries but also to all the research done by the Chinese. Is it any surprise that they suddenly are coming out with their own EUV machines and are collaborating on optical semiconductor and computer research with India given that China is far ahead in this area. Finally who is suffering more? Russia who has almost every resource that it needs for both industrial production and for feeding itself and can obtain anything it needs at better quality and a lower price in China or the collective west, whose energy costs have exploded upwards so much that Germany has been de-industrialised? It’s obvious!

[@esioanniannaho5939]

Spot on well said !

[@sewnsew6770]

USA the greatest because because Freedom and Justice lol sarc

[@iancassie9840]

JIM WILLIE has an interesting theory CHINA IS EXCEPTING OIL for its exports to US , This could explain the DRAWDOWN BY THE US ON ITS STRATEGIC RESERVES the US is a net importer of oil due to most of its oil being to light for diesel production so is reliant on RUSSIAN VENEZ OR SAUDI HEAVY CRUDE TO KEEP ITS INDUSTRY RUNNING

[@vishalsaroha1489]

Can US build up competitive manufacturing again?

[@paulscottfilms]

I have sent this interview to my colleagues in New Zealand in the hope some of them will see reality and take the necessary action

[@donaldcolucci2557]

This is an infomercial…bot

[@DinorwicSongwriter]

There is no R in China

[@microfarming8583]

The US has way more gold than anyone!

[@christopherellis2663]

So, from €53 to €72 / gm in 5 years. Nice!

[@user-yg6cg2zs4i]

Hoy muy feliz oro la onza llegó 21de agosto 2024 a 2552 dólares y se dice que a setiembre estará a 3000 dólares x la inflación, guerra, pandemia, desempleo,suba de alimentos y energía ,bajadas de tipos , resecion crédito caros , tarjetas inpagables y una gran baja de pagos y de gastos todo lleva a un exelente lugar para el oro en 2025 la duda es cuánto llegará

[@GingerPeacenik]

Been hearing this for years. Still doubtful.

[@ronaldcadorette4353]

And I think that the younger generation are not buying gold because they are falling into the Bitcoin trap!

[@christianefiorito3204]

You cannot eat gold

[@JamesAnderson-ez2df]

“Get out of credit”. If I owe money to credit card debit, who cares?

[@janicenunn101]

Meaning sell fixed income not debt. Audience mainly investors

[@VideoconferencingUSA]

According to other KZbinrs that have studied the Russian economy, it is suffering greatly. I wonder where Alistair gets his information.

[@omnium2607]

Not from KZbinrs that’s for sure. Much better quality information from real sources

[@bexhill8777]

Mathamatics... Not Spin-Media.

[@tonymurphy9795]

The idea of getting out of credit seems illogical. Why, if you've borrowed in a collapsing currency in an inflationary spiral won't the asset against which you borrowed have held its real value while you'll be paying back in devalued currency?

[@danielabdalla8488]

Get out of credit, not debt. Opposite sides of the ledger

[@tacokistemaker4722]

Amen

[@bexhill8777]

what was the 'real' value?

[@JM-gu3tx]

Very erudite RP (standard received pronunciation) this fellow has.