Funding government debt is 'doubly difficult' - Goldmoney's Alasdair Macleod

No matter what policy the Federal Reserve sets, Goldmoney's Head of Research Alasdair Macleod said that the fundamental reality for investors and businesses is that credit is contracting.
On May 6, 2023, Macleod spoke to Kitco at Deutsche Goldmesse in Frankfurt, Germany.
Macleod noted that it is a difficult business environment with the economy likely slowing and credit contracting. Businesses need access to more credit due to slowing sales and inventory buildup.
"Banks are trying to withdraw credit to reduce their balance sheets, which have become over leveraged over the decades, so you've got increasing demand for that credit," noted Macleod. "So what happens interest rates rise-it's as simple as that."
Macleod argues that the options for the Federal Reserve are limited. The Fed can do what it wants, adds Macleod, but the reality of the situation for businesses and investors is that credit is contracting.
"Funding government debt in the United States is now doubly difficult."
Coverage of Deutsche Goldmesse 2023 sponsored by Defiance Silver.
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[@fibervector6734]

Thanks to the Master ALASDAIR the Master in disguise 💞

[@marinaa7875]

I had the pleasure of meeting Alastairs sister today, a lovely lady. She was surprised I knew how to pronounce her surname and I mentioned it was because I follow a Gold guru on You Tube with the same name. She asked me if it was Alastair. Of course it was. She was as interesting and intelligent as Alastair.

[@chavacan024]

¡Un erudito demoledor o contundente! 😮 Gracias. Lo leo en Goldmoney y el Instituto Mises Latino.

[@nickl1177]

US and minion countries should be ashamed when even its subjects could see through it dastardly deeds. Another reason why Anglo American hegemon must end.

[@ChianTheContrarian]

Amazing 30 minutes of my life

[@nickupton2123]

Great interview.

[@rustyislandable]

Truck Fudeau

[@grayarcana]

Let’s play ‘The Weakest Link’!

[@meirionowen5979]

'It's the US Dollar!" What do I win?

[@Robertnight888]

Can Alasdair tell us his opinion on nominee share holdings ……in other words …how safe ?

[@jimmcdonough5497]

And the US is worried about trans what?

[@hzj7920]

They are using all the distractions they can and are starting new ones all the time. Did you notice how the muslim terrorists totally died off during the world pandemic but america armed the largest fanatical muslim state Afghanistan all at the same time?

[@josefIL]

Trans insanity...

[@FindTheTRUTH337]

Exactly

[@Benji_The_Ghoul]

Who is going to buy the Treasury bonds?

[@deepshallows]

Banks?

[@antpoo]

Who wouldn’t want them yielding 5%+? The question is, how will the govt pay back that rate?

[@Johnny-rj6ou]

Wouldn't want to share my chaplin with Alasdair.

[@samiselmane456]

Owning euros or yen or GBP or CAD, etc is the same thing.

[@JohnWilliams-wz9vk]

Physical..cash..will be king...

[@danielabdalla8488]

Literally the opposite. Your fiat literally know has value because of government backing. Destroy the backing, destroy the currency

[@Ourdirtytwo]

You.. have.. no.. idea

[@RavenRaven-se6lr]

One off sell of Gold Treasures

[@MatthewEGolden]

Hopefully, your mortgage lender will accept gold bars😂. What are those student loans valued in? Gold isn't the answer here.

[@privacyhelp]

american probably will redefine 'student loans'

[@stanislavdaganov574]

6:38 Isn't it... "too big to fail"?...