Today one of the greats in the business warned that people don’t realize the imminence of the catastrophe we are about to see.

March 28 (King World News) – Eric King:  “Alasdair, what kind of world are we looking at going forward and what would your message be to people across the globe who are worried?”

People Are Right To Be Worried
Alasdair Macleod: 
“The answer is I think people are right to be worried.  I don’t think anybody really realizes the imminence of the catastrophe which we are about to see.  This crisis is not just a virus.  Before that happened we were actually turning down into the contracting stage of the credit cycle.  And we are seeing this.  You will see that all of the payment failures — basically all of the banks will want to contract outstanding bank credit.  There will be a bank crisis in the Eurozone.  That will be a major, major event.  And that will probably happen a month from now.  There are lots of bad debts that cannot be carried by the system.  So this is not going to go away whenever the virus goes away, whenever that is.  So yes, I think people are right to be worried…to continue listening to Alasdair Macleod discuss the bullion banks being squeezed in the gold and silver markets, the imminent catastrophe the world faces and much more CLICK HERE OR ON THE IMAGE BELOW.

© 2020 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged.