BRICS GOLD Currency A Hoax?! | Alasdair Macleod
In this interview with Alasdair Macleod, Head of Research at Goldmoney, we discuss the recent developments surrounding the BRICS summit and the speculation about a gold-backed currency. Alasdair shares his insights into why the proposed currency is not a feasible reality and explains the implications for global economics and credit markets. We also cover the rising gold prices, the state of global credit, and the challenges facing Western economies. Viewers can expect a deep dive into the mechanics of credit, currency value, and the economic strategies of major players like China and Russia.
#gold #credit #BRICS
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👨💼 Guest: Alasdair Macleod
🏢 Company: Goldmoney
🌎 https://substack.com/@macleodfinance
📅 Recording date: October 31st, 2024
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Timestamps
00:00 Intro
00:55 Welcoming Alasdair Macleod
02:10 Summary of the BRICS Meeting
06:02 Why the BRICS Gold Currency Isn’t Happening
13:20 Challenges in Creating a Gold-Backed Currency
19:05 The Problem with CBDCs and Credit Misunderstandings
23:29 US Credit and Debt Situation
30:33 Rising Interest Rates and Bond Market Impact
37:03 Relationship Between Bond Yields and Equities
42:16 Implications of Bond Yields on Fed Policy
45:34 Foreign Perspectives on US Economic Policy
51:04 Gold’s Price Movement Explained
54:06 The Importance of Understanding Currency Value
55:47 Final Thoughts and Takeaways
57:32 Alasdair’s Substack and Where to Follow Him
59:30 Conclusion and Viewer Engagement
Music by Bensound.com/free-music-for-videos
License code: CJM8H8TFH44E1TI5
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