In this episode, Alasdair MacLeod discusses the current state of the global economy, focusing on the devaluation of fiat currencies, stockpiling of precious metals, and historical parallels to the 1929 economic crisis. McLeod explains the implications of diminishing credit availability for small and medium-sized businesses, the risks in the banking sector, and the actions central banks are taking to safeguard their assets. He provides an in-depth analysis of how fiat currency systems are approaching an inevitable collapse and offers advice on how individuals can protect their wealth in these tumultuous times. Additionally, the conversation touches on the intricacies of gold and silver markets, and the potential impact of rising interest rates on the economy and equity valuations.
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