Today Alasdair Macleod warned King World News that the world is on the cusp of a global currency crisis.
Warning Flags Being Waved
September 21 (King World News) – Eric King: “When you see that kind of danger unfolding, when you see those kinds of warning flags go up, and nobody around the world can really figure out what is happening and what is wrong but we all know something is wrong, and then you have the super wealthy who are aware of this and they are liquidating and going heavily into cash, what are your thoughts as you watch that because I don’t have to tell you that ’08-‘09 was a train wreck that was so disastrous it was like a mini 1930s, right? And we never fully cleansed because instead of letting that cleansing happen and that depression unfold and eventually come out of the depression, they decided to paper over everything and say, ‘We’re going to re-inflate all of these bubbles.’
We Are Headed Toward A Global Currency Crisis
Alasdair Macleod: “Well my thoughts, Eric, are the last time we had a problem in the property market it was very much a private sector problem, and governments were able — through the central banks — to write an open-ended check to buyout the banks, to buy the Fannie’s and the Freddie’s of the world, to just basically spend money to rescue the system. Whatever it took, they provided. All of the loss of confidence was about what was going on in the private sector.
This time, my fear is the loss of confidence is about what is going on in the government sector. Because what we have seen since 2010 is virtually a doubling of the amount of debt in issue. Governments are spending like there is no tomorrow, particularly the American government. And this has caused some of the tightness in the market that is beginning to stretch some of the facilities in the market. And this is one of the reasons there has been this bizarre behavior in the background in the banking sector. Now, as that begins to unwind this time, it is very likely to…To continue listening to this incredibly powerful audio interview with Alasdair Macleod where he warns about a coming global currency crisis and much more CLICK HERE OR ON THE IMAGE BELOW.
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In the meantime, other important releases…
Macleod – Global Depression May Loom As The World’s Banking System Is Seizing Up Like It Did In 2008 CLICK HERE TO READ
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Lowest Level In 8 Years, What’s Wrong With This Picture? Keeping The Bubbles Alive, The FedEx Signal, Plus A Look At Gold CLICK HERE TO READ
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