Alasdair Macleod on why the next financial crisis will likely start in Europe

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  • Опубліковано 27 січ 2022
  • Alasdair Macleod, Head of Research at GoldMoney, is back on the show.
    He comments on the recent Fed decisions and why it's too little too late. Alasdair expects high and persistent inflation even though the yield curve is flat. Interest rates will go up but due to high public and private debt levels across the world, and especially in Japan and Europe, society will not be able to handle those higher rates. This will trigger a new financial crisis emanating most likely first in Europe.
    Alasdair doesn't see value in Bitcoin. Furthermore he thinks central bank digital currencies won't see the daylight, due to the risks they pose for financial stability and because of a strong bank lobby.
    Find Alasdair's research here:
    www.goldmoney.com/research/go...
    Follow Alasdair and Paul on Twitter:
    / macleodfinance
    / paulbuitink

КОМЕНТАРІ • 122

  • @dennishill8356
    @dennishill8356 2 роки тому +9

    A brilliant man bringing us the news. And only 16,000 people heard it. Luck us. Thanks, guys.

  • @StephanePasquierThailand
    @StephanePasquierThailand 2 роки тому +9

    Alasdair brilliant as usual. Reassuring CBDC will not come to life, worried the final crisis of all crisis starting this year, which best experts concur.

  • @LienNguyen-ue7rl
    @LienNguyen-ue7rl 2 роки тому +45

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      @PIannB 2 роки тому

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      @PIannB 2 роки тому

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  • @paulbunyon6324
    @paulbunyon6324 2 роки тому +4

    Paul, please stop interrupting Alasdair, thank you.

  • @martinh.6016
    @martinh.6016 2 роки тому +7

    Stop interrupting Alasdair!

  • @mrme3717
    @mrme3717 2 роки тому +14

    Excellent lecture Alisdair. You share your specialist knowledge so generously and clearly.
    We are indebted. 🙏 🙏 🙏

  • @warriorwarrior2573
    @warriorwarrior2573 2 роки тому +12

    Please next time do not interrupt Alasdair while he is talking. Just sit back and absorb his knowledge.

    • @kirstinstrand6292
      @kirstinstrand6292 2 роки тому

      Alistair talked plenty. Don't be silly!

    • @StephanePasquierThailand
      @StephanePasquierThailand 2 роки тому +1

      yeah, and this young guy don't know what he is talking about. Still believe BitCoin is money, and will go to the sky. Nonsense.

    • @kangarookids7497
      @kangarookids7497 2 роки тому

      He is a Professor.

  • @Nat_Ryder
    @Nat_Ryder 2 роки тому +4

    Nothing less than brilliant!

  • @RadicallyFRUGAL
    @RadicallyFRUGAL 2 роки тому +1

    It's always a pleasure to listen to mr. MacLeod forgive the voice-to-text misspelled and I'm driving LOL

  • @alanvero9004
    @alanvero9004 2 роки тому +1

    Bad interviewer constantly interrupting such an expert guest - very disappointing!!! I'm amazed Alasdair Macleod managed to keep his temper. Can't tick the Like button for this interview.

  • @foxboroconsultinggroupinc.7423
    @foxboroconsultinggroupinc.7423 2 роки тому +2

    Wow! Inflation has always been caused by Federal Reseve Money printing, quantitative easing (QE), QE squared raised to infinity, and printing money out of thin air, backed by nothing! Folks, its not that prices are rising, it is that the value of a dollar is flat-lining to zero!

  • @raphaelkoster6099
    @raphaelkoster6099 2 роки тому +4

    Mr host..Stop interrupting alister

  • @ciarancoyne9104
    @ciarancoyne9104 2 роки тому

    Thanks boys🙏🏻

  • @radicalveg00
    @radicalveg00 2 роки тому +3

    I wish someone would ask Alasdair how it is that his predictions vis-a-vis Basel 3 being implemented have failed to come to pass. It seems to me that is a huge miss on his part. The price of gold continues to languish.

    • @perewihongi6457
      @perewihongi6457 2 роки тому

      Haha, I was gunna say same thing. Sounded pretty sure of himself at the time.

    • @StephanePasquierThailand
      @StephanePasquierThailand 2 роки тому

      Be patient. It will come this year. It takes time to unwind trillions of short position on Gold and Silver.

  • @557.vision
    @557.vision 2 роки тому

    The „forgotten“ variable here is, they discussed money systems in a rational way - but forgot, that the crisis and the momentum driving it as well as the goals behind are far away from rationality, humanity and morality.

  • @kangarookids7497
    @kangarookids7497 2 роки тому

    Milton Friedman had the right idea. American School. haha.

  • @declancarolan2789
    @declancarolan2789 2 роки тому +1

    Well done Alistair excellent podcast. Thank you for sharing your thoughts always enjoy your views

  • @james6401
    @james6401 2 роки тому

    13:00 Stagflation
    17:14. How Europe could go to the wall
    The Repo market is rotten
    22:45 The ECB itself might trigger the crisis. Suppress yields and keep inflation high to keep the Euro together
    24:45 Addicted to deficits, middle finger to Maaatrict

  • @mirahunt4034
    @mirahunt4034 2 роки тому +4

    Always enjoy interviews with Alasdair Macleod...educational..thanks

  • @joesnow8544
    @joesnow8544 2 роки тому +2

    If you talk about Bitcoin and you use the word cryptocurrency you don’t understand Bitcoin.

  • @TheGilbalfas
    @TheGilbalfas 2 роки тому +3

    Alasdair is the man with the future. Listen to him.

  • @innerdinosaur2883
    @innerdinosaur2883 2 роки тому +4

    Alastair is gr8 love watching him on the Kaiser report 🦖✌️✊

  • @wakcackle3555
    @wakcackle3555 2 роки тому +2

    As long as Bitcoin trades for silver and gold the two assets validate each other through their varied functions.

  • @bruceegertson1191
    @bruceegertson1191 2 роки тому +1

    Good interview

  • @costaselgreco
    @costaselgreco 2 роки тому

    Why haven't CBs and their countries already defaulted...indeed why hasn't Japan already defaulted? Why are CBs so anxious to raise rates? What's the motive behind this urge to increase debt servicing costs ? To precipitate a crisis or to hurt international borrowers?

  • @actualsurfer
    @actualsurfer 2 роки тому

    'Consequenceses' - Literally "With Sequence" ...Nothing happens by or of itself.
    Jay Powell is a Magical Thinker. His job is to perform magic. He knows...as we all do, that magic is not rooted in reality.
    He is a failed magician and he knows it.

  • @ef3371
    @ef3371 2 роки тому +1

    The moderator clearly did not like Macleod's negative take on crypto. What beautiful clothes the crypto king is wearing!

    • @reinventmoney
      @reinventmoney  2 роки тому

      not true, I'm open-minded and love debating these things. Why would I otherwise interview so many different people.

  • @deanchristie3829
    @deanchristie3829 2 роки тому

    10:00 Prices in the bond are wrong? Not. The prices in the bond market are expectations of future growth and inflation, and the bond prices don't care about the past. Period. They measure future expectations. CPI measures the past 12 months. The mispricing is the prices of 12 months ago. Suppose CPI was calculated from the change in from prices 36 months ago (meaning before COVID) and divided by 3. CPI inflation would not be 7 per cent.
    If the future expectation of growth and inflation is 2 per cent, how do we get from here to there? Do you think inflation will be 7 per cent for each of the next ten years? What would that mean for economic growth (a 5 per cent contraction for each of the next ten years)?

    • @StephanePasquierThailand
      @StephanePasquierThailand 2 роки тому +1

      if you cannot increase official rates in Europe and US above core inflation, the exponential increase of inflation cannot be stopped, and it's the end of the monetary system short term. Volker understood this.

  • @peterwakeman9930
    @peterwakeman9930 2 роки тому

    New Zealand has lots of people not able to pay for increased costs who do not qualify for any government support and very serious about ending their life

  • @Norsaskriv
    @Norsaskriv 2 роки тому +2

    I read Alasdair's critique of Bitcoin and cryptos today. Plus ça change, plus c'est la même chose. Tulipmania 2.0

  • @clarkent61
    @clarkent61 2 роки тому +1

    Mr Alister goes on KaiserReport and expresses a more conciliatory perspective on Bitcoin. I find this disturbing.

    • @peterb8679
      @peterb8679 2 роки тому +1

      Only to placate Max who won’t have a bad word said about Btc

    • @clarkent61
      @clarkent61 2 роки тому

      @@peterb8679 : Should he be in the business of placating anyone. Sounds like corruption to me.

    • @peterb8679
      @peterb8679 2 роки тому

      @@clarkent61 no, his opinion on Btc has been consistent

    • @clarkent61
      @clarkent61 2 роки тому

      @@peterb8679 : I’m sorry on the Kaiser report it has not.

    • @StephanePasquierThailand
      @StephanePasquierThailand 2 роки тому +3

      Probably, because Max Keiser is 100% FOR BitScam. Alasdair don't want war.

  • @thomi77
    @thomi77 2 роки тому

    I like that way he kills the hopes of the Bitcoin fools in a minute at 31m30s

  • @peterwakeman9930
    @peterwakeman9930 2 роки тому

    Approximately 130kgs of Freight Australia to New Zealand Aud$2,300.00. By sea including extra fees making it about the same as air Freight

  • @marcgerges1380
    @marcgerges1380 2 роки тому +2

    Brilliant Excellent

  • @p.m.8316
    @p.m.8316 2 роки тому

    what will happen to your stocks if the euro blows up?

  • @mroo2638
    @mroo2638 2 роки тому +4

    Young school inevitably becomes old school that’s life Im very impressed with this young man’s questions

  • @justintie
    @justintie 2 роки тому

    How about people not wanting cbdcrap?

  • @LurchLures
    @LurchLures 2 роки тому +3

    Very interesting session. It's a real shame that Keynes isn't still around today as it's very possible that he would be saying no. Don't put my name on this lunacy. Politicians have jumped on the one point he made. I doubt he would support Politicians constantly quoting "stimulus" as an excuse to run deficits in both good times and bad to buy votes at the expense of future crisis and robbing poor and middle class alike of all savings.

  • @strongmindandbody3563
    @strongmindandbody3563 2 роки тому +1

    Good interview, but a bit disturbed by the fact the host interrupted the Alasdair quite a few times, I would let him finish his thought and share what he has to share first before cutting him off.
    Thanks for the interview!

  • @stepanstieber
    @stepanstieber 2 роки тому

    Blaming Bitcoin for volatility now is not seeing the future, when it will much more stable as it will be much larger.

  • @clarkent61
    @clarkent61 2 роки тому +1

    It’s interesting that Alister AMC cloud does not express the sentiment in Bitcoin he expressed on this podcast on Kaiser Report😳😳😳🤭.

  • @mrme3717
    @mrme3717 2 роки тому +2

    The easy CBDC answer is for the Central Banks to take over a few large commercial banks.
    The excuse can be an economic 'crisis.'

    • @grantbillett887
      @grantbillett887 2 роки тому +2

      yep. it is all planned. create a huge enough crises that everybody will beg you to 'save' them.

    • @DrRock2009
      @DrRock2009 2 роки тому +1

      Yup. Crash the banks, bail in, ie steal your money and the only way you get it back is to sign up for a CBDC…

  • @innerdinosaur2883
    @innerdinosaur2883 2 роки тому

    Hello everyone 🦖✌️

  • @bernardwatts5339
    @bernardwatts5339 2 роки тому

    The external debts per capita of Germany Finland and Luxembourg are way higher than Italy's

  • @iansiebert
    @iansiebert 2 роки тому

    The statement that bitcoin needs 5000 years to gain stability like gold is, well, just an assumption. Liquidity is a matter of space proximity and intensity and ease of commerce with regard to that space proximity. Gold maybe needed several thousands years to gain liquidity and stability because people who traded it were distant in space and trade was less frequent and harder in regard to long distances than today. Since bitcoin is just data on the internet and can be traded 24/7/365 globally and instantly these constraints almost do not matter.
    If we suppose the normal trading day on traditional market is 8 hours 5 days a week it meas there are 2280 (8*5*57) trading hours a year on traditional market. That means bitcoin's 12 years of trading globally equals 46.11 years of trading on traditional markets (105120÷2280)

  • @Decentralized_Maze
    @Decentralized_Maze 2 роки тому +3

    This was a wonderful discussion! Thank you so much for the interview with Alasdair. I learned things, got caught up on others, valid points throughout, etc. I added this video to my channel for others to learn. Excellent content on your channel, I subscribed.

  • @paulwilliamson9457
    @paulwilliamson9457 2 роки тому

    Late to the game!! I don't think so, he's part of the game

  • @anonymousAJ
    @anonymousAJ 2 роки тому

    Bartcoin is a stock that pays $0 dividend, and confers 0 rights in the event of liquidation. Bartcoin holders have no voting rights. Bartcoin accountants use cool and novel methods to track who owns this stock. What's the value of Bartcoin?

  • @malishaanderson8958
    @malishaanderson8958 2 роки тому

    i want to thank you both for this incredible video. i truly enjoy mr. mcleod's insights.

  • @ramnmambi1737
    @ramnmambi1737 Місяць тому

    Why don’t you all just start a international news channel together with people like TYT Scott Ritter John Mearsheimer Finkelstein Dennis Prager Jeffrey Sachs Judge Napolitano Michael Moore Lex Fridman Nima R Alkhorshid Larry C Johnson and so on all conbin you wil come outstaring and big because to many people still watch mainstream media. I think the media is still the biggest problem.BEFORE IT IS TO 🙏🏽🙏🏽🙏🏽

  • @kangarookids7497
    @kangarookids7497 2 роки тому +1

    Wow. Alaisdair is Austrian School.

  • @foxboroconsultinggroupinc.7423
    @foxboroconsultinggroupinc.7423 2 роки тому

    Qwik, get out of dollars, buy silver and gold! When you say? LIKE immediately, say 2 days ago!

  • @lrmorrison999
    @lrmorrison999 2 роки тому +2

    “A billion pounds for a cup of coffee” Spare Change “Foreshadowing”. 🥴

  • @birdsaloud7590
    @birdsaloud7590 2 роки тому

    CBDCs are a horrid proposition. A fully programmable and controllable global digital currency linked to digital ids. Yikes.

  • @johnmbanful
    @johnmbanful 2 роки тому +4

    Just found your channel. Want to listen to viewpoints outside the US. Thank you!

  • @raymondhodgkinson6770
    @raymondhodgkinson6770 2 роки тому +1

    A good interview. Thanks.

  • @johnbirman5840
    @johnbirman5840 2 роки тому +1

    Central Bank Coin:
    “One Coin to Rule then All, and in the Darkness - Bind them!”
    Or sumtin like that....

  • @johnschnee3934
    @johnschnee3934 2 роки тому

    We are Saved by Grace Through Faith - Not Works. Salvation is a free gift from God given to those all who will believe JESUS CHRIST DIED AS A SALVATION LAMB for us
    (HEADS UP FOR CATHOLICS)

  • @uncleandy.crypto
    @uncleandy.crypto 2 роки тому

    NGMI

  • @Rnankn
    @Rnankn 2 роки тому

    I enjoy charting the S&P or Nasdaq divided by gold. It is illustrative of monetary inflation.

  • @ecopsych101
    @ecopsych101 2 роки тому

    You dont have 5000 years because you bought your coins to sell to a greater fool…and the world has plenty of those too. Good luck

  • @robikanobi
    @robikanobi 2 роки тому +1

    Good to interrupt this guy sometimes as he’s an old school artist but we’ve entered a new era. His explanation first 3/4 is great and after when he starts about Btc and gold his fundamentals aren’t valid anymore. Nobody can tell the future when thinking about Btc or gold. Gold has been hedge but it has to be mined and stored and there’s limited amount of it(on earth). Btc is pretty much the same and as a plus it’s much easier to transport, trade, and decentralized. Far more superior way of hedge. Only no history of 1000’s of years but hé the Indians didn’t have computers or the Aztecs

  • @johnlong123long
    @johnlong123long 2 роки тому +1

    lol good job M2 is not an accurate measurement of money at all! this guy is so out of date it's laughable.

  • @ednan9
    @ednan9 2 роки тому

    He sounds like a gold bug

  • @Rnankn
    @Rnankn 2 роки тому

    Monetarists are so cute when they’re angry. I imagine in 1000 years, some old yoke will be waving his fists angrily, blaming his problems on Keynes. This debate is so last century.

  • @stereodachs
    @stereodachs 2 роки тому

    😂 lol . All theses experts . Remember p. Krugman ? 😂🤣🤣🤣 I don’t give a shit about this stupid opinions . Just accumulating more bitcoin and wait . His bs argument about gold stability. Bitcoin is on his price discovery and it is still at the very beginning. Hfsp y I