Tom welcomes a new guest to the show, Alasdair Macleod. Alasdair is the Head of Research for Goldmoney and an advocate for sound money.
Alasdair explains how the Treasury plans to spend the 1.6 trillion in the general fund over the coming months and its effects. The Fed is forcing the large banks to implement negative interest rates on deposits. He outlines backwardation and the implications for overnight loans with negative interest rates. Video by Palisades Gold Radio.
Time Stamp References:
0:00 - Intro
0:34 - Treasury Plans & Neg. Rates
8:24 - Backwardation
9:45 - Bonds Up Globally
13:58 - Hyperinflationary Scenario
17:05 - EU Banking Imploding
18:54 - Gold Relative to Dollars
20:45 - Gold and Yields
23:22 - Silver in London
27:04 - Gold/Silver is Money
28:08 - Recent Market Activity
29:35 - Leasing/Rehypothecation
34:03 - Bitcoin
37:46 - Currency and Growth
39:27 - Using Fiat and Inflation
44:32 - Wrap Up
