Title: Debt Crisis Spiraling Out Of Control | Alasdair Macleod Source:
[None] URL Source:https://www.youtube.com/watch?v=kug7KCVOfqE Published:Aug 29, 2024 Author:Liberty and Finance Post Date:2024-09-01 15:50:45 by BTP Holdings Keywords:None Views:23
Alasdair Macleod (alasdairmacleod.substack.co m) discusses the imminent financial crisis stemming from the Western world's escalating government debt, which now exceeds levels seen during World War II. He highlights the dangerous debt trap where debt growth outpaces income growth, exacerbated by a lack of foreign investment and rising inflation. Macleod warns that the U.S. dollar is in a precarious position, with rising interest rates and a potential recession contributing to economic instability. He critiques the government's policies, particularly the approach to unrealized capital gains taxes, as a manifestation of the broader problem of currency devaluation. Macleod underscores that gold is maintaining its value amidst this turmoil, driven by global shifts away from fiat currencies and central banks' increasing gold reserves.