Will the Debt Crisis Collapse the Fiat System? with Alasdair Macleod

[@NicolaCairncross]

Congrats on getting Alistair on, never miss one of his talks.

[@WTFinancepodcast]

Thank you Nicola! I agree, he is always imparting wisdom

[@barbaraz5251]

I feel like all the smoke and mirrors have been removed and I finally see reality for the first time. Thank you.

[@WTFinancepodcast]

I am glad you got value out of our conversation! Alasdair is a master about our current system and I would highly recommend listening to his other interviews.

[@brexit9279]

Alasdaire is a very smart man. He is good to listen to!

[@WTFinancepodcast]

I agree! Could listen to him for days

[@thepicturedrome]

This interview should be circulated to all members of parliament and ministers of state. Great work 👍

[@anthonypagourelias9516]

Guess what...they already know. Parliament does no longer solve problems...they are the problem. It's called the new 'normal'.

[@LeBarfGoylesRottingFishFace]

Your government works for the Central Bank. When you vote, you're choosing between 2 selected candidates approved by the Central Bank.

[@WTFinancepodcast]

Thanks so much! If only they had half as much sense

[@des_smith7658]

They all know the score, and all that we're talking about

[@lindamarsh3335]

The bankers ,,, spy appratus , another's involved in the profligacy need to be held accountable for their actions and misdeeds. Hope this happens soon

[@advocate1563]

I LOVE Alasdair. Talks such sense and explains in a way that a macro numpty can understand. Thank you both.

[@WTFinancepodcast]

I agree, he is one of the best! Thanks for watching

[@johnwoodhead5950]

I remember going to a financial debate in Charing Cross London in 2013 when I was a member of a financial pressure group called positive money, there was if I remember rightly four speakers and Ed Balls and Martin Wolf were two of them,the debate was chaired By Emily Matiss and she had to ask at least on three occasions while Ed Balls was making his speech for the crowd to stop laughing and eventually ignoring Ed Balls because he was talking a load of Balls….that taught me that politicians will still continue to talk rubbish no matter what kind of direct feedback they receive Ps Martin Wolf wasn’t so stupid,he knew he was talking to a informed crowd,however I notice when he talks to the mainstream press he tends to come out with Ed Balls speak because I would say he knows he can get away with it

[@ПИЦКВлад]

❤❤❤❤Quintessentially MacLeod👍❗️His work is golden and his message is gold. Thanks❗️🌷👍

[@WTFinancepodcast]

He is one of the best in the industry. Thanks for watching!

[@alexandergabrovsky8405]

My favorite bank/economic analyst. Thank you.

[@WTFinancepodcast]

Hi Alexander, I agree! He explains our system and challenges very eloquently. Glad you enjoyed!

[@costaselgreco]

Best Alasdair Mcleod interview I've seen do far. Many thanks

[@WTFinancepodcast]

What a privilege! Thank you very much for the kind words

[@somejohndoe3004]

Awesome guest, a voice of reason in these dark times. Great questions, value content, I am bullish on this channel. 📈

[@WTFinancepodcast]

I agree, Alasdair is great. Thanks for the kind words as always!

[@cameronmilne5319]

Amazing coup to have Alasdair talk on your channel.....well done. Ive subscribed and am super impressed...keep up the good work!

[@WTFinancepodcast]

Hi Cameron, welcome and thank you very much for the kind words!

[@888ssss]

a lot of people dont know that he still lives in his mothers loft.

[@Alberto-mf4cb]

Great interviews, a must-watch.

[@WTFinancepodcast]

Thanks Alberto

[@byronlippe]

Boy. So clear. Scary times. This may actually be the big event.

[@WTFinancepodcast]

It will be important to prepare just in case.

[@myroadtowealthandfreedom7411]

Great interview, always glad to hear from Alastair.

[@WTFinancepodcast]

Thank you very much!

[@simapark]

How does a channel with only 2.4k subscribers get the most informed and clever economic commentator on the planet ? The host was excellent as he just let his guest speak with very few interruptions. Can you imagine being a student and having Mr Mcleod as a lecturer. That would be amazing .

[@WTFinancepodcast]

Thank you very much Mike, we only like to talk to the best in the industry! I could listen to Alasdair all day long

[@brexit9279]

Start doing research on a 150-200 year old company called: CEDE & COMPANY (S&P 500 owners) It is not just the depository for all share certificates still out there. They are not just a clearinghouse. Once you do your research, which is hard to find, you will figure out how we got in this mess and where we are going! 😢😢😢😢 HINT: your research has to go back before the U.S. became the U.S. Go back to LONDON BANK and the FRENCH REVOLUTION, and you may find the answer!

[@WTFinancepodcast]

Interesting insights, I'll have to check it out! Thanks for sharing

[@darrellcross4538]

Hi, I really enjoyed this interview ( even subscribed) being a bit of a stacker for a while but on a limited budget I have a lot more silver ( bars mainly but 100 ounces in bullion coins) then gold and today 29th Nov 2022 I again went to my local bullion dealer and purchased another 2 x 500 gram silver bars for $595.00 au each which was a good price as the spot price was $1,060.00 au so not much of a premium. I noted Allister mentioned that Canada sold of all its gold reserves years ago (true) and interestingly it was reported in the last few days that the Canadian government has just acquired 100 tons, so seems they are now realizing that gold is a valuable commodity and are requiring it. I saw Powel (fed) being grilled by a U.S senator (Rand Paul I think) at a senate hearing and the Senator asked Powel is gold money, Powel replied “No” so the Senator said “then why do we have 8,000+ tons of it”, Powel thought before he replied with “tradition”……to which the senator replied “ why don’t we store diamonds then” and continued without letting Powel reply “because gold IS MONEY”. Think it’ll take a while ( years ? I’ve no idea) but the BRICS + others nations will form a currency backed with an asset (gold seems obvious) and that will be the death of the U.S / Euro dollars and the rest like the u.k pound and Aussie dollar, Yen etc etc will crash as well, unless they do a similar thing (back the currency with gold) but the “PROBLEM” is there isn’t enough gold or silver in the world to cover the umpteen trillions in FIAT at the current prices so it would be pretty hard( impossible?) to figure how much an ounce of gold or silver would really be worth in Paper notes one assumes if they did it would be an astronomical amount that’s for sure, I have seen in other discussions that in previous centuries a days wages only equaled 3 to 5 grams of silver a day so yes it is possible to revalue ( crazy prices ? $500 U.S for silver ?) but the governments would just confiscate all privately held precious metals because sadly that’s what governments do, the old “for the common good” lol. Definitely doesn’t hurt to have a percentage of your finances in physical gold & silver though, not in certificates and never stored by a bank, exchange etc, with a collapse or similar they’ll shut the doors and you’ll risk losing it. Regards from Australia

[@WTFinancepodcast]

Hi Darrell, thanks for your comment and good luck stacking up the bullion! Definitely a weird response from Powell, even if he doesn't believe gold is 'money', it definitely has a value and has other benefits in comparison to diamonds (can be melted down and modified depending on needs). I am looking to follow a similar strategy as you are in the future!

[@RoyalKennedy601]

I’d like to see Rand grilling him in that video . Do you have that link you could share

[@Caladonia]

THAT was brilliant!

[@WTFinancepodcast]

Thank you very much!

[@johntheaccountant5594]

If the Swiss National Bank had been a bit more clever, it should have printed money and bought physical gold with it. Seemed odd that Switzerland needed to buy so many US dollars recently. Did anyone come to a conclusion on that?

[@WTFinancepodcast]

Main reason for it was to devalue their own currency so it doesn’t get too strong. If it is too strong, hurts the exporting and services economy

[@quant2011]

SNB has a ban on gold buying. Like Norway, South korea, Germany.... For global communism, every country must own more or less the same.... of course , natural resources are not distributed equally. So the poor are allowed to buy gold in big amounts: Thailand, Turkey, Hungary, China. But Italy Germany, Switzerland? No way...

[@raydemos1181]

Right, store your gold in another country and hope you do not have to get a covid clot shot to retrieve it in the future, makes sense

[@WTFinancepodcast]

I feel like it will be hard for those rules to be enforced in the future... (I hope)

[@derekwatt2282]

36:10 ... For the Russians "The only reserve that matters is gold now" and soon for the rest of us.

[@WTFinancepodcast]

There is a reason central banks are buying up gold!

[@johnedward7448]

What a great matter that today there are people who are able to speak truth openly. What will our freedom be in days to come. She'll we save the

[@WTFinancepodcast]

I agree! No better time to get the information you need

[@jesperandersson889]

Bond of course, double OOs...giggles

[@ismardidic3505]

❤Excellent only truth DESTROY Lies

[@cityofjoy8830]

Omg 😲 rest is all credit. That's what we got. Not real ones..

[@WTFinancepodcast]

All growth is through credit

[@chrisgordon6599]

No, Alistair, gold AND silver are MONEY and all else is credit!

[@WTFinancepodcast]

Is that not what he said?

[@chrisgordon6599]

@@WTFinancepodcast No, he did not. I have listened to him many times and he has never mentioned that silver is a monetary precious metal, only that it is a precious metal. Now, everyone who studies the Holy Bible as well as the history of money understands that silver's history as money is longer even than that of gold because it was used by far more people than was gold. It was, and still is, the 'people's money' and gold is the money of kings (and princes) but both are God's money. I went to college and worked in the City in the early 1970s and met characters like your guest. I distrust him as he was a banker and is still a member of the London stock exchange. Can a leopard change his spots? (For those who need help with the answer, it is NO!)

[@johntheaccountant5594]

"Bankers are human" Are you sure?

[@WTFinancepodcast]

Good point!

[@BillyBob-fh5he]

Absolutely not, if the system would collapse it would have happened by now. They have found a way to prevent it from happening. This system benefits them not the population.

[@WTFinancepodcast]

I'm not sure if I agree with this. They will do whatever it takes to keep the current system going, until their current tools stop working. I believe there is still room for this to happen

[@lindamarsh3335]

Alasdair, please tell us what to do. I am on a fixed income, pretty scary.

[@WTFinancepodcast]

Very scary times! Workers should have more bargaining power in the future (hopefully soon enough)

[@kienhwengtai8113]

All fiat currencies die

[@des_smith7658]

Fiat money dies because someone kills it

[@kienhwengtai8113]

@@des_smith7658 Usually it's maker ...

[@WTFinancepodcast]

Only time will tell…

[@des_smith7658]

@@WTFinancepodcast Near where I live in Kent, the bank of Cranbrook Would issue bank notes as a receipt to local farmers who were Paid in gold coin for their crops at market, the notes were Redeemable at the bank of England in London. Trouble is the banks started fraudulent issue of notes Without any gold deposits.

[@888ssss]

not ONE PENNY will be lost. it just changes hands.

[@WTFinancepodcast]

It is lost if they can't pay it back!

[@888ssss]

@@WTFinancepodcast it just changes hands.

[@ellengran6814]

Money is work done, the past. Credit is dreams about work being done in the future. When credit increases someone has to work harder. Unfortunately wealth makes most people lazy = the poor are the ones forced to work harder

[@WTFinancepodcast]

I like the way you think about it, but not sure about the end hypothesis.

[@ellengran6814]

@@WTFinancepodcast I actually agree. Wealth can create lazy kids, but the main problem is arrogance. To much confidence and to little experience with hardship/reality.

[@humbllbug]

Yahshua - you know Him as Jesus - was born to a virgin, turned water to wine, taught, healed the sick, raised the dead, casted out demons, walked on water, calmed the storm, and fed a crowd of thousands with a few fish and a few loaves of bread on two separate occasions, among many other things. He was killed on the cross as payment for the sins of all mankind, three days later He rose from the dead. Forty days later He ascended into heaven where He sits at the right hand of the Father. He is returning very soon, but before He does, Satan, the devil, is coming to pretend to be Jesus/God (2 Thessalonians 2:1-4). Satan is an angel, and he will have certain supernatural powers with which to try to fool everyone. He will, for example, be able to make fire come down from heaven in the sight of men. He will only be on earth a short time before the real King of Kings, Jesus Christ, God in the flesh, returns. When the real Jesus comes we will all be transformed into our spiritual bodies at the same moment. Jesus came in the flesh to offer forgiveness of sins and eternal life to anyone who believes and calls on His precious name! if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. - Romans 10:9 Now when Jesus was in Bethany, in the house of Simon the leper, There came unto him a woman having an alabaster box of very precious ointment, and poured it on his head, as he sat at meat. But when his disciples saw it, they had indignation, saying, To what purpose is this waste? For this ointment might have been sold for much, and given to the poor. When Jesus understood it, he said unto them, Why trouble ye the woman? for she hath wrought a good work upon me. For ye have the poor always with you; but me ye have not always. For in that she hath poured this ointment on my body, she did it for my burial. Verily I say unto you, Wheresoever this gospel shall be preached in the whole world, there shall also this, that this woman hath done, be told for a memorial of her. - Matthew 26:6-13 Seek ye the LORD while he may be found, call ye upon him while he is near: Let the wicked forsake his way, and the unrighteous man his thoughts: and let him return unto the LORD, and he will have mercy upon him; and to our God, for he will abundantly pardon....... To anoint your self, the sick, or a building for spiritual protection: Get a small bottle of olive oil and pour off a small amount into a smaller vessel like a vial or baby food jar. Use the rest of the bottle for cooking. Ask the Lord to bless your vial of oil in Jesus name. Anoint yourself with the oil by placing a dab of oil on tip of finger and touch it to your forehead, and ask the Lord to bless you/heal you. To anoint your home or other building: place a dab of oil on your finger and anoint the door posts and order all negativity and evil out of the house, and order that nothing negative or evil can enter into your home including piggybacking on a person entering, order it to be so in the name of Jesus. Anoint all potential entrances to your home. To anoint the sick: place oil on tip of finger and touch it to the head of the sick and say a prayer of healing over them in Jesus name. See James Chapter 5:14-15...........

[@des_smith7658]

Amen

[@methods3110]

Terrifying scenario, and most people are like deer frozen in the headlights of an onrushing car.

[@WTFinancepodcast]

and we are watching it in slow motion...

[@Odysseysofthewanderingsoul]

@@WTFinancepodcast So what should one do? Cant leave the money in the banks, cant convert it all into gold. Savers will be the biggest looser. What does one do if one has their hard earned money saved or tough times in a bank ?

[@deckape69]

What's stupid, yes the fiat system can fail, then they would go to a digital system which is the fiat system without paper or metal coin money. An accounting record keeping system. Example: Dale you have 2 expired cake mixes in cabinet 3, depose in bin 4, reorder now for the best deal.

[@WTFinancepodcast]

Would any trust another system if the previous one has just failed?

[@deckape69]

@@WTFinancepodcast Yes, because they issued system and it will be backed by the government, unless government suddenly dies.

[@Tothetoptrader21]

Its either going to be a catastrophic deflationary collapse or hyperinflation. I am betting on hyperinflation sadly as the path of least resistance. After that happens do you really think people are going to accept the same fiat garbage in a digital form? I highly doubt it, peoples wealth will be completely wiped out. They are going to be pissed and only accept something real. Great Channel and guest by the way my friend. I wish you great success going forward!

[@citizenadvocate]

Speaks as though the banks are initiating the transactions which have businesses expand rather than the business demands driving the banks. What nonsense.

[@WTFinancepodcast]

They are the gate keeper to debt (the majority of the time), therefore having a large influence on the amount of money circulating

[@detectiveofmoneypolitics]

Still watching Frank G Melbourne Australia 🇦🇺 ❤️

[@WTFinancepodcast]

Thank you Frank G!

[@dragonflydreamer7658]

THREADS

[@peterburke8650]

Poor bloke he loved like a song that gets flogged to death on the radio.

[@bluedogfish2]

Alistaor has a wealth of wisdom but lacks In interior design 😂

[@WTFinancepodcast]

😂😂 I can’t comment on that with my background…

[@dazsmith4022]

Of course the tax payer is on the hook as you put it Alistair Come on Gov debt is tax payer debt.

[@WTFinancepodcast]

If only more people saw it like that!