'Major Wipeout' Of Fiat Currencies This Year To Cut Dollar In Half? | Alasdair Macleod

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The US dollar crushed nearly every other currency in 2022, though it's off nearly 10% from last year's highs now.
While much debate currently centers around whether the dollar will weaken further will or resume its run higher in 2023, today's guest is more concerned about how much longer it has left as the pre-eminent currency in the world.
When Alasdair Macleod, head of Research for GoldMoney, was on this program last, he made a dire prediction that the world's major fiat currencies were in the process of failing -- far faster than many were imagining.
He returns to the program today to update us on the latest details & timing of his outlook.
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
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#dollar #currency #gold
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.

[@Wealthion]

To get the free guide on HOW TO BUY AND STORE GOLD & SILVER that Adam mentioned, go to wealthion.com/howtobuy

[@Lorespade]

Link his twitter. pls thanks

[@cryptogenik]

As a "CryptoBro" he's really missed the mark on what he thinks people who buy Bitcoin. We buy it so one day - we won't NEED to sell it for dirty Fiat. It makes sense to sell it in order to buy at a lower price in order to accumulate.

[@penderyn8794]

Most Russian tanks are destroyed

[@endthefedarrestthebankster1669]

I sell fiat to suckers ;)

[@ssuwandi3240]

Also missed out one crucial matter in Japan. For the very first time in decades Japan just gained 3.6% inflation which means for the first times companies have increased prices a.d wages which means crawling out of Stagflation. The debt trap would depend on how BOJ stimulate the economy including overall foreign and defense policies

[@joecaruso06]

The value of the USD in gold terms has gone down by an average of 4% In as much as I am a strong bull on the dollar, I'm glad to have sold off at premium.

[@mattpredictsofm.]

“A pandemic will lead to permanent social, economic, and cultural changes. The key is to create good from a bad situation.” ― Wayne Gerard Trotman

[@maryalchester]

Our constant need to accomplish things on our own has put us in a perilous financial position. Do I accept the sale? Not really! Why? Well, in spite of the current economic crisis. Basic knowledge of how the market functions and delegating are essential. Technical and initial fundamentals always have more to them. I have been able to learn at my own pace and generate up to $50k in return on a $100k investment by following Yvonne annette Lively instructions.

[@hueymorello5115]

Yvonne Annette lively that’s my fm

[@hueymorello5115]

Heard about her, she’s kinda pricy but averages a whopping 8% roi monthly. There’s this other guy Matt j Damon but I kinda call scam on that

[@mvanwie]

@Huey Morello. Her record sure does look detailed. It’s a 10% not 8% roi. I got in touch earlier. @Matt 100%

[@betmoofree]

Most important message...it is the loss of purchasing power that impoverishes people.

[@jamesmitchell6483]

Fiat currency is the that particular govs way of getting you to buy into their/that system !

[@mth469]

"We need inflation" - the biggest lie ever.

[@bluedogfish2]

The US general public has no idea what’s going on

[@gohsiewhau4819]

Yes,if they are not open up to read other alternative medias which the politicians are blocking, censoring, making creative narratives etc...👀🧐😳👀🧐😳🫢

[@reneaukens3085]

Thanks Adam. It's always a pleasure to listen to Alasdair. Cheers from the Netherlands.

[@aaronsterlind6334]

I work in a Factory, as does my two younger brothers and my younger sister's husband, we all work in the same factory. My point is, or should be clear, people who work in factories aren't exactly considered wealthy. Since we're not "wealthy" I think we make a pretty good example in that we purchase gold and silver bullion on a bi weekly basis, or every payday. 1 gram bars or gold and or silver maple leafs. Last payday was 5 X 1gram bars of gold, shipped through the Canadian Post Office because I prefer the Federal Government taking responsibility for our shipments rather than some guy in a truck. Of course they are shipped in plain boxes with different companies listed on the shipping receipt, such as "Jerry's Stone Cutting Corp", that's not it by the way but close enough so you get the point. At the end of April I cashed out all the above family members pensions, RRSPs, etc and we purchased bullion, a lot of bullion. In conclusion, yes you can, purchase bullion, no matter who you are, I also hit the local pawn shop in my small town. What has happened to our collective wealth in the last nine months? Nothing, nothing has happened to our collective wealth this last year, meanwhile, plenty of people we work with lost a lot on those pension/RRSPs through our collective provider. Worse yet for those hit with the crypto/bitcoin bug, but our wealth is still sitting here collecting dust, which is perfect. Keep in mind, if gold is revalued or the currencies collapse, my answer is "what gold"?, "what capital gains"? Good luck folks.

[@jaytan915]

That's simply brilliant and well done.

[@LibertarianRF]

Those "guys in a truck" do a great job.. The Canadian government is now a tyrant

[@richardprice5978]

blue collar maintenance-plant worker aka same my grandparents both are farmers/ranchers and community wise USD ( gold ect was and note's wouldn't work as hard minted gold coins was expected backed by a government/banks/3d-party in rural 🇺🇸/farmers ect as gold notes and bank issued notes/IOU weren't trustworthy as they lived/remembered the 1870-1940's aka bad note's and bad banks ) wasn't king in tell about 1985, also a problematic now day's as my family in my teens tried to buy a new-COPO 2006 jeep with a 10 or 20 peace 🇺🇸 gold coin-or-coins minted in pre-1910 aka real gold and legally tender backed by the federal government and no dealership ( or store, and if they did all all it was 5usd lolz im sure it's worth more than that by a lot as melt for a 20 is pasted 50usd now days ) would accept gold anything ( 🇺🇸 usd yep there happy to take check's/iou's wonder why? also not keen on taking it in person in cash 💵? id rather not do check's ect given the choice as i know it's risks aka iv gotten a bad/bounced check before ) aka in 2023 good luck directly spending it, convenientcy wise something like phone apps ie cash app or apple pay are easier to live with spending wise but also isn't a end all be all as it's got it's problems with it, other wise yes im a silver/gold guy spending/earning wise as worldwide it's accepted as $$ at the same amount as arbitrage cannot happen as much vs usd, ect be mindful that the 🇺🇸 ( and Europe governments like the 🇬🇧 ) government has taken gold OZ away from people as in war time/at will, it was illegal to own anything bar/storage/coins metallic wise aka we/government stole it/all not just taxing it. part of the reason im not bullish for buying gold also the government's keep's track of it and doesn't do a good ish job of tracking USD as they printed so much sense the 1970's also during Nixon's presidency made illegal to have OZ/gold so explain that risk as my grandpa and grate-grampa's had to hide out-staying outside of jail as overnight made into outlaw's and or dance around trying to keep the land/farm from the government in the 1970-1990

[@Snappypantsdance]

@@richardprice5978 hey, I think you have really good points here, but it’s really hard to follow as it’s like one big run on sentence. It would be good if you could post your thoughts on comment sections of these sorts of videos, but take the time to read back through for understandability before you post it. Were you saying that gold was made illegal and they couldn’t spend it, thus they had to hide it?

[@penderyn8794]

Buy gold if you are already wealthy......everyone should be learning new skills

[@GizmoGuy21]

They print it up like Monopoly money. What could possibly go wrong?

[@stephenc2481]

seems like the world's banks are in it, together. they all print like there is no tomorrow. Maybe we just don't know it, it is intended for all commoners to be poor. Select few will live well beyond their means, with billions in wealth.

[@1solo2mercedes]

No shit, Sherlock

[@gohsiewhau4819]

Ya...if u keep printing paper notes,it is then worth only the costs of paper plus ink...🧐🧐🧐🤑💸💰🫢🫢🫢

[@syngeskal]

in Monopoly, money is finite.

[@DisperseControl]

Agree with your take on gold. Half agree with your take on geopolitics. Totally disagree with your take on Bitcoin and crypto. I think it's obvious where your expertise is and it's not with Bitcoin or digital assets. I did find this discussion valuable and it motivates me to keep stacking gold, silver and commodity stocks.

[@Sassycowgirl17]

Excellent interview. Love ❤️ Alastair !

[@Caladonia]

Could listen to Alasdair all day👌👌👌

[@karnator4689]

I agree with you completely 👍

[@hansmir5443]

He is great but he gives me the chills because his ideas are doomsday narrative. Great work 😊😊😊

[@LibertarianRF]

10 years of fear porn....same message over and over

[@JJ-qo3cz]

​@@LibertarianRF , yeah who would want Rubles or Yuan because they are even shader than the United States 🇺🇸 government.

[@ridethecurve55]

And like gold, the message is (still) immutable, constant, and everlastingly valid.

[@ericschroeter8111]

outstanding guest. I always love Alastair's points - they ring true and are insightful to me. Thankyou Adam.

[@ritafong8587]

Very informative! Thanks for another great interview:)

[@joetrombatore5704]

This indeed is not only one of your best interviews but one of the most educational interviews to prepare us for the year! Thanks ,great guest.👏👏👏

[@megthornton1371]

He has no idea on the UKRAINE situation. The Ukraine army is crushed The media is lying to you

[@marvelcomiks8078]

Actually, all that Governments need to do is to buy enough gold to match their equities/assets. Once they have that, their fiat currency is actually safe because they can give guarantee that if you use their currency, they will match it with gold. Problems will occur if the country is dirt poor and there are rich people in it. These are the ones who will be wiped out.

[@ChipmunkRapidsMadMan1869]

It's only educational if you believe the exact opposite of what he's saying. Most of the countries he's listed are facing demographic and economic collapse.

[@RezFaraji]

I like Alasdair and his analysis. I also like and hold gold, but I disagree with his comment that everyone that buys BTC is just hoping to sell it for more fiat. EXACTLY as most people that buy gold care about its fiat price (just watch the news or even this channel), most people that buy BTC do so for fiat. But a lot of people also buy it to hold for when/if things get crazy

[@mrjones7862]

Agree. I think of it as a replacement to offshore accounts. He's wrong about tracking previous movements to your wallet. Wallets are anonymous. Also I got the impression he thinks Russia is losing the hot war. That's far from accurate too. But dead on about the financial war.

[@jakec.4356]

Great informative work “well informed… full disclosure” and educational for financial growth.

[@milanpalibrk5249]

You can’t get it more realistic than this. Thank you

[@mattmccracken1768]

I agree, but I am always wrong.

[@QuadTap]

not everyone that buys bitcoin is trying to increase their fiat position... some are trying to change the system for good forever

[@darmacusa03]

Yes... unfortunately he lost me on Bitcoin...

[@KeepItReal213]

Bitcoin is not and won’t be the answer unfortunately.

[@jillybe1873]

The combination of idealist and fool makes for tragedy

[@michiganbasemaniac]

Gold is expensive to move. It can be stolen physically and hard to confirm quality by lower class. It seems that inevitably for the sake of use gold gravitates towards the need of easy ways to transfer. What will we use to trade? Bitcoin combines tracibility of gold with ease of payment of cash.

[@thelonegerman2314]

Thanks God that the Dollar is Rapidly Devalued , By God this Evil Dollar Global Economic System have to End

[@nolaenglish659]

Very valuable conversation! Thank you Adam.

[@barbarabetty3733]

Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating..

[@kgraves1766]

@Martha Rodriguez do you have a link ; i cant find her on youtube

[@jasonlox27]

who would of guessed bitcoin would bounce back 40% sure get a feeling its luring 😅nto a false sense of security is it going up only to take a real crash ?

[@brianfitzsimons8737]

Absolutely great interview…pure gold!

[@OVERHERE-OVERHERE]

.9999 purity

[@d.lynncarmichael9240]

& platinum & palladium. Note the huge rise in gold prices over the past two months ...

[@OVERHERE-OVERHERE]

@@d.lynncarmichael9240 Why is palladium dropping…

[@stargazer5073]

Alasdair is a lovely man, wishing him well in the new year! God bless us all.

[@GreyKing69]

If times got bad enough, even gold would become worthless, gold is a medium for goods and services. Goods and services are the actual commodity. Everyone needs to understand that we only give gold it's value because of societal agreement.

[@DBEdwards]

You are the fool. If ever the day comes when gold won't buy food and shelter we'll be wearing sheath skins and throwing stones to survive.

[@DBEdwards]

And we invest in gold because it has been money for five thousand years. We convict criminals because they hurt society. Don't reinvent the wheel. Sorry you are broke and cannot buy gold. I can and do for the future of my family.

[@GreyKing69]

@@DBEdwards You obviously missed the point

[@GreyKing69]

@@DBEdwards You do realize when you get down to it, the only value of gold is its use in computers, we only assign as much value to it because we use it as a medium for work, just like any other currency. Gold can become just as useless if enough people decide they no longer want to use it as a medium for work. Hard assets that can be used, food, oil, lithium and other such things will invariably become the bedrock of currency, as what the BRICS nations are doing, they are trying to get rid of the fiat currency. No reinventing the wheel, it's just the way it is, whether I am broke is irrelevant.

[@michaelurban2815]

Excellent guest! Truly appreciated and enjoyed this show.

[@anap7830]

Who would sell gold if you knew the old money is devaluing money??

[@dlukton]

Certainly, now is not the time to sell gold. But even Peter Schiff has admitted that the day will eventually come when bullishness on gold is so over-the-top that there's no one left to buy; but we're a long, long way from that point.

[@LibertarianRF]

Exactly

[@ottohavasvolgyi2448]

@@dlukton If no one is left to buy then how do you sell?

[@leeseyr503]

@@ottohavasvolgyi2448 it's nonsense, there are always buyers especially for gold altho it may not be the price one would expect.

[@bluedogfish2]

Most of the west don’t understand gold… it’s not in our culture like Asia countries… India etc. that will change maybe overnight

[@richardcychowski8380]

Well done Adam... another informative post.... love Alisdair

[@DeFi-Macrodosing]

A gold salesman warning about the end of fiat/the world as we know it. A classic that never gets old.

[@dallyuk]

idk boomers like shiney rocks

[@gordion1]

@@dallyuk Wasn't the introduction of fiat currency a criminal act foisted on the world by the US after defaul of their gold holdings?

[@dallyuk]

​@@gordion1 its certainly genocidal, criminal, unethical, soaked in financial tyranny. it may be gold backed stable coins are future. you can go back to that system right now if you choose. dont let the boomers tell you that it cant be done. im waiting for meld.

[@dallyuk]

@@gordion1 dont let the slavers IMF hear us say these things, with the rules based financial order system

[@rdaxthedog]

Well it’s a October and the dollar is stronger than ever

[@hagengocht3891]

Imagine a panel with Macleod Zulauf and of course our beloved Pomboy. If you could pull that one off Adam, your are a first round ballot entry into the Rock and Roll Hall of Fame. The rest of us would then simply become unworthy! 😂

[@Seneca384]

As an economist who understands the current situation, I think there is no one better than Alisdair. I believe his military analysis is way off the mark, but I go elsewhere for that.

[@peteplayz-norskgaming5723]

Nice

[@HeresMyView]

😂😂😂🤣🤣👍👍👍👍 spot on.. The Ukraine War is pushing US and Europe into deeper inflation, higher energy cost, supply chain disruptions and manufacturing flight from Europe to other countries like China. Ukraine will be destroyed and become a wasteland. Getting his news from the mainstream media is all he got, that's why Ukraine crisis is his weakness. 😂😂 The reality has not sung in yet. He even ignored why US sabotaged the Nordstream pipelines.

[@ethandonohoe]

Amazing to see the channel hit 200k👏!

[@kirkheisey1900]

THANK YOU! ALISTER ALWAYS GREAT TO HEAR FROM YOU!

[@Pelican5077]

In regards to counterparty risk; what is to prevent the current regime from making private ownership of gold and silver illegal? It’s not like it hasn’t happened in the past. More AM please!

[@charlesbrown9213]

The Rooselvtian confiscation relied on the naivete of the population to comply. Its a different world. No one will be turning in their bullion this time. The only way to enforce compliance would be to go from house to house. Not going to happen. If it does, well, its a big continent. --- One could conceal one's 'stash' behind a wall, or in the attic, or in the dog house, or buried beneath a hedge/bush. No compliance this time.

[@pavolskulavik]

Amazing discussion ❤️❤️

[@GEOPOLITICALANALYSIS]

Excellent, although with my experience in the special forces and maritime security one thing is certain here. On the topic of Ukraine, Russia didn't seek a blitzkrieg but a wear and tear war to weaken resources and dry out NATO so that the East can take it's part elsewhere. Russia has a slow start but it's a long game that Putin is playing on that front. Yes, economically it will be a problem but the commodity boom in the next while will favour Russia and its allies.

[@ocox8659]

MacLeod seems to be trying to be objective, but obviously lacks an accurate, in-depth understanding of the military situation in Ukraine. Brian Berletic, Col. Douglas MacGreagor and Scott Ritter are better sources for realistic military analysis on Ukraine.

[@HerrschmannNachmann]

... and Germany is probably the more interesting piece on this chessboard... Question: "what did make America great in the first place?" WW1 & WW2 destroying Germany & Europe ...

[@davidwestwater2219]

Dude the Russian economy is completely and totally f*****. It's nothing more than an absolute disaster

[@GEOPOLITICALANALYSIS]

@@davidwestwater2219 really? show me the numbers, because from what I'm seeing Russia's exports increased and is well positioned in the long term where commodities explode in prices to be in one of the leading countries. Obviously it took a huge hit, but Russia can absorb must harder because their GDP debt ratio is not enormous, it has tangible assets and is invested in world mining places and drilling places. Russia has secretly spread all over the world, so no it's not fucked. Drop the US koolaid.

[@GEOPOLITICALANALYSIS]

@@HerrschmannNachmann Germany destroyed itself and went against Europe twice! So no surprise there either.

[@user-99.99]

Alasdair is the best. I always enjoy his take on things. Thanks so much.

[@rodiculous9464]

Definitely an interesting interview, looking forward to hear his takes on CBDC

[@vincentsaccurateforexsigna5273]

GREAT INTERVIEW watch it several times

[@gsdlover8967]

Great interview 👍

[@darinthesecularspiritualist]

this dude has the best grasp of the metals market... love your analysis and insight alasdair

[@randyturner8466]

Great presentation. Appreciate it

[@davidahmadi996]

Wonderful content, very informative, excellent guest, thank you.👍👏

[@mariannorton4161]

An excellent interview. Thank you.

[@Biztalkcontrolcenter]

This man is a genius of our times!! splendid!!

[@hansgerber4278]

Brilliant again gentlemen so much info just awesome !! Many Thanks !!!

[@Asimmehra]

Very neutral and informative interview, thank you

[@lotfyken2759]

A special thanks to Alasdair McLeod for all what he did for the community in the last years.

[@advocate1563]

Well said. Knows his onions

[@Dicewithandy]

Excellent interview .. thank you gentlemen.

[@richarderwin2369]

A good real world analysis on financial tangible fact. Thank you.

[@NJ-xp4eb]

Enjoyed this interview and the holistic overview. That was great.

[@JW-lw8pc]

I'm confused...on Saturdays lance says quit thinking the world is going to end, it won't be in our lifetime. Then these guest make me want to hunker down in the next 6 months.

[@wsdmrtst]

my thoughts exactly

[@charlesbrown9213]

Opinions are like sphincters -- everybody has one.

[@wsdmrtst]

@@charlesbrown9213 Lol! I had that same thought

[@dolphingirl12885]

Amazing thing about gold is the purchasing power saved in a gold coin 2000 years ago is still there today aside from any historical value of the coin

[@ianb9506]

Allister, your amazing explanation of the Roman Law in reference to crypto is absolutely essential for folks to become aware of , your description of a painting being stolen and bought in good faith by a buyer and your comparison to someone steeling money from your wallet and then purchasing something from a store , is just so special in terms of your simple explanation, you are a true genius in your unbelievable portraying of the various situations

[@user-DongJ]

Absolutely. Yet Allister had skipped the part whereby nobody has truly identified who Satoshi Nakamoto is. He also failed/avoided to mention that if the old/original owner(s) (or proof/evidence) is gone, then the new owner(s) will often be treated as the "real/true" owner(s) or "be allowed" to keep/own the property. This is one reason why many descendants of (America & Oceania) natives couldn't (or have a very time to) claim back the lands stolen/taken by the (European) colonists/invaders.

[@melvinp1324]

@@user-DongJ as soon as i heard that name satoshi - i was like ye banking cartel

[@user-DongJ]

@@melvinp1324 Lol 😂 Cartels can be greedy or cold-blooded but at least the cartels don't look as bloodthirsty as the Romans 😄

[@Patch801]

@@user-DongJ have you ever seen the federal reserve building and the logo. Ironically it doesnt get more aesthetically roman than that. 🤣

[@jaws3009]

Alasdair, you're a brilliant financial mind...take it easy on the geopolitical analysis :)

[@christophermccormick8670]

Great show as always!

[@gilliebrand]

My favourite guest on your channel by far!

[@carloswhizz]

Your best so far. Excellent stuff.

[@jfuite]

I love Alasdair MacLeod!! I just wish he was correct more often . . . .

[@mischa1880]

I am listening to him for about 20 years. He said a lot of BS :)

[@jackandersonrangelsolomon3785]

@@mischa1880 Remember that BS is very healthy. Like this Guy there are a lot withh fantasies. They like to live in a swimming pool of BS.💩💩💩💩💩💩💩💩💩🤮🤮🙉

[@remix-yy1hs]

@@mischa1880 you love your charlatans. Good for you

[@kiwitrainguy]

For me with these pundits it's not so much whether they are wrong or right in their predictions but that they highlight various points that might otherwise be overlooked or not considered.

[@MrFreddarama]

A most excellent interview! Thank you for this fine guest.

[@neilsmith4732]

Brilliant guest and great interview again Adam. The concept of bitcoin fraud and redemption was really interesting.

[@cheaptick]

How would a CBDC involved in fraud and the subsequent redemption be more paletable than with bitcoin

[@FuttBukkr]

As always phenomenal content

[@loustrong1534]

Very educational & thanks for the update to get moving!😃

[@bretgreen5314]

Please get Alasdair Macleod back on real soon and ask him about the CBDCs

[@brendansmith7725]

Another great podcast

[@ivivivir]

Great interview! I agree with most of the analysis. Gold is not an investment but actual money so allows you to keep purchasing power in the long run against fraudulent fiat currency.

[@bddollen7384]

- THE NEW AMERICAN “ GOLD-BACKED DOLLAR IS NOT FIAT. WILL IT REDEEMABLE FOR GOLD THROUGH- OUT..??

[@1solo2mercedes]

Bingo!

[@mrst445]

@@bddollen7384 fingers crossed. How much of a percentage of gold? So if I bought gold with fiat don't I lose value if a ton of new gold is mined? If all countries (bricks example) become gold/asset backed, why buy gold now? Will it revalue lower?

[@j.l.daltoin2238]

if it gets to bad you cant eat gold so not many will want it because you cant eat it right now looks like best investment is buying hoarding up on eggs lol

[@bddollen7384]

@@j.l.daltoin2238 - PRICES WILL FALL . DON’T buy anything you don’T have to right now - FINANCIAL SWITCH TO GOLD STARDARD HAPPENING NOW. BUY GOLD ⤴️

[@ILUV1094]

Can you site your source for the $100 house in Berlin? This is the second time I've heard this but I can't find anything to back it up.

[@goombazi]

Great interview with Alastair as always! Thanks Adam

[@cwcobo]

Deep dive into the state of money and credit. Thanks Wealthion and Mr Macleod.

[@xelzbrod...3533]

Best interview ever, thank you.

[@Popnpoff]

Excelent!! Explains what's happening in this crazy world perfectly!!

[@Zanzibar2Far]

Enjoyed the conversation very much, but I do feel he has a horse in the race, given his position. One thing he fails to mention, is that if you buy coin, say a 1oz Britannia@£1600, the Government can turn around an legally demand it back at face value £100... In a total fiat collapse, this will almost certainly happen, as they'll need the 'real money', and heck £100 wouldn't buy you a slice of bread! Other than that concern, I like what I heard....heck Govt. can steal what it, he who makes the rules, and all.

[@Snappypantsdance]

Thank you, thank you for saying this! I’ve been trying to figure my way through this! Do you have any thoughts for the best thing(s) to invest in (or have on hand) if this is the case? Besides things like having debts paid off having animals, food stashed and stocking barter items. I spent hours yesterday trying to figure this one out, to kind of come down to that I couldn’t really come up with anything really good. I would so appreciate your reply!

[@petersinclair3997]

Governments can take back all gold in private hands. The US confiscated gold in 1933.

[@kerrywills8715]

@@petersinclair3997 there could be a lot of boating accidents involving precious metals 😅

[@yanikq]

So happy you saw it fit to have a sequel. My multiple views of Alastair's previous episode may have been what pushed it to record levels.

[@scraig9120]

brilliant as usual, thank you

[@gavinclaassen6440]

Very interesting and much aligned with my own thoughts on this subject .

[@kerstenukatz8672]

Looking very much forward to this definitely high quality interview

[@finglisCave]

No, The ability to confiscate BTC (Regardless of History) if on cold storage is incorrect. They cannot obtain it without the private keys. They can intercept transactions on exchanges and prevent a transaction but they cannot confiscate it unless they have the private key.

[@raoulduke1914]

I think what he's saying is they could imprison you for having coin that is the proceeds of crime etc

[@nozrep]

and also if “they” regulate it into oblivion as seems likely, your “cold storage” bitcoin with your “private key” is still absolutely worthless. But they can regulate my hard coin gold all day long and if I hide it or bury it well enough, and they are not able to confiscate, it will still always have REAL monetary value even if “they” were to “outlaw” gold in the same way that “they” are going to try to “outlaw” and-or centralize the very very good aspects of bitcoin and decentralized digital currency. And that, my dear good sire, is why I have never yet invested in bitcoin or any other supposed decentralized digital coin. And certainly, such is my own loss for such decision, in theory.

[@nozrep]

yet also, the fact that you have bitcoin emblems in your channel/title picture is suspiciously indicative that you will neither believe my opinion nor give it any sort of thought whatsoever. And that, is totally ok, no problemo, my fellow libertarian bro.😅

[@jbl6338]

Great interview. Pleas3 have Alasdair on again!

[@elendilnz]

Thanks Adam and Alasdair 👏👏👏👏👏👏

[@eenfach]

The momentum of desperation for gold is a very interesting point. A massive trade is coming in after this two year consolidation.

[@DrMamaHart]

Excellent discussion and I’ve learned more than I knew and all the concepts I’ve never thought of. I love the analogy in the end. We’ve never been taught this in school or college in my day. My mind has been expanded by this discussion! Thanks both of you for the great questions and the great answers!

[@ewetho]

Excellent interview

[@darrenstewart1568]

Love Alasdair! What a true gent and someone that knows alot in regards to real money. The real question is how many ounces of Gold do you own?

[@ddprepper5227]

Excellent report

[@lacylaizure6540]

He makes me feel like I'm not a crazy conspiracy theorist! I have been looking into the issues of the dollar, CBDCs, BRICS, and bootleg currency. I went on a rampage talking about it on Thanksgiving. I felt like I sounded like a crazy person. 😄

[@yvetteepstein1002]

LOL... you are not alone... many CT folks get the look when they start talking about it all.

[@TheChewbaca69]

I get the same reactions when talking about bitcoin at family dinners lol.

[@petergozinya6122]

Bitcoin is the official currency used by the Easter Bunny, Tooth Fairy and Bigfoot. 🤣🤣 Just kidding, it’s actually a pyramid scheme. ​@@TheChewbaca69

[@TheChewbaca69]

@@petergozinya6122 Ya thats usually what my elderly family members say 🤣. I could argue and win. But i honestly hope you don't buy any btc. Go buy gold and custody it with a 3rd party ya smarty.

[@petergozinya6122]

@@TheChewbaca69 You’re probably right. Any “asset” the was invented by an anonymous person or organization using an alias, that has no physical form and exists only in cyberspace must be legit 👍 Take a loan out on the equity in your house (assuming you own one) and go all into to crypto 💰💰💰

[@edj5532]

No one really knows what will happen. I learn from my grandfather and late father, get out of debt ASAP, no credit card debt, live way below ones means, no flashy cars, Have some gold, Have some silver, buy products that you use a lot, i.e., toilet paper, dishwashing soap, cooking oil, beans, dried goods, have your own small vegetable garden and refine ones diet. IMO

[@shesellssanctuary1601]

Excellent interview as always

[@gabrielh7718]

Fantastic interview with Alasdair as always! I am also very happy that Adam is referencing past interviews and claims/forecasts! Well done Adam!

[@nigeljones9479]

If you follow this guy you will get cleaned out. China is in a depression as we speak and the dollar milkshake will kill everything. When everyone needs dollars to buy food and gas but their economies are crashing they will be forced to sell their gold because you can't eat it!

[@kentriat2426]

Thank you for some real thought provoking words and possible directions in the financial world. I feel your projections for the US dollar are spot on as this country continues to lift its debt ceiling instead of taking physical actions to control spending. The world around the US is starting to question this continued shedding the US debt onto the world

[@johnburton9772]

Yes, indeed, fiscal policies will need to be addressed in any efforts to return to or establish a gold standard!

[@jorgeurquizo2472]

We needed more option for a long time, welcome BRICS as an option for the rest of the world.

[@miguelp]

The value of the USD in gold terms has gone down by an average of 4%, annualized since 1950. So if you held dollars paying 4% interest you would have exactly the same gold equivalent, assuming you had no cost of holding gold. 4% is about the average return for treasury bonds, and half the return of the SP500 in any multi decade period, but with much less timing risk since gold tends to swing wildly off the mean for long periods of time.

[@larsh2923]

But you're describing the past and there will be no more Western bull market, especially not SP500. Small time investors cannot easily access Chinese or Asian markets. Just recently all investing on the Moscow exchange got frozen for ever.

[@mrst445]

Your so right, imho I can see this too. If gold becomes the asset backed new treasury note (and it looks like it will because the Fed in now dead having been placed in the treasury by Trump). Then there will not be more swings in gold prices. Just the doom and gloom portrayed in these podcasts. 4% isn't bad.

[@lachlanflawse1474]

Hmmmmmmmmmmmm....Tax paid? Run a DCF Also....the next 20 years will NOT look like the past 50 to 70 years.....You assume USD dominance no matter what the foreign debts and deepening military weakness.

[@josephdewuhan]

Gold and silver prices have been manipulated so badly since $ is decoupled from Gold.

[@BuddyCalyxed]

Achem...Golds valued by the dollar.

[@saimohannavaratnam4367]

Thank you. Excellent advice., God bless and protect you and your family 🙏

[@ericl2152]

Using a microscope to look at an elephant. Cherry picking data while ignoring an entire mountain of conflicting data.

[@Mdrolet77]

I don't even know how this is an issue for storing your wealth. Your wealth shouldn't be in cash anyways. If it's in real estate or stocks or anything else really the value of the currency means nothing. It means something for day to day transactions which there's no way you'll carry out in gold or silver anyways.

[@stevee8318]

Day to day transactions were made in gold and silver until silver was removed from US coins in 1965. Does it seem so farfetched that you might pay for lunch with a silver coin rather than a fiat $20 bill?

[@elizabethmurray5718]

Has he mentioned CBDC'S? A gold-backed digital dollar? A blockchain or ledger type system? Financial people are Fed oriented and look to that system to solve our problems, when a lot of bank custmers think differently on that.

[@tellmemoreplease9231]

I agree. A crypto currency (blockchain, to limit the amount) would crash their gravy train. I mean nothing can stop them from printing as much debt money as they wish now. I could see them use it only for international settlements. Trade settlements between nations? It creates its own problems. Miners would crank it up and use a significant amount of energy. Hashing the massive blockchain would become cumbersome. Wouldn't it?

[@kerrywills8715]

Totally agree

[@k0zzu21]

That would be just the same system we have now. There's no way to verify the backing when the keys to the vault are with the same person holding the buttons of the printing press.

[@cheaptick]

Want to hear how he thinks the CBDC system will be different with fraud and criminality than he predicts with bitcoin

[@serjmusiccrosstown91]

Great show thnks 👏✌️

[@serjmusiccrosstown91]

Right now it feels a dubious pump in crypto and Bitcoin as theres so much fractional exchange news about . Eg ftx and now gbtc Gemini .. is the pump looking for bag holders !? But Bitcoin is the only revolutionary technology in the space it seems .. 👏✌️

[@henrywong1486]

Great guest. Very knowledgeable, factual and scientific.

[@MT-mi4zz]

He used the word "pedantic" and knows what it means. That is wonderful.

[@arouse6140]

I don’t see pedantic remarks such as spelling errors in the comments like a couple years back. Though spell check or I added the letter s to crypto and that got someones panties in a knot. I’ll be using this word going forward.

[@lowtiertactical7701]

Ive been waiting for this since late 2007. I have my doubts.

[@retireearlyandoften]

Hi Adam... Great guests as always... hey, have you summarized this one with Adam's Notes? Link please? Thanks!

[@saralbudhiraja]

The order of sequence mentioned makes perfect sense.