Alasdair MacLeod (https://substack.com/@macleodfinance), former bank director and head of research at GoldMoney, returns with a powerful and sobering macro outlook as we head into 2026.In this in-depth conversation, Alasdair breaks down:Why European leaders are dangerously misreading Russia and risking escalation in UkraineThe accelerating destruction of Western currencies and what the surging gold price is really signalingThe coming bond market crisis and why equity markets are in an even bigger bubble than 1929The shifting global power balance: the rise of Asia, BRICS, and the Global SouthUK’s deepening political and economic troubles under the new governmentU.S. foreign policy shifts, Middle East risks, and the influence of lobbying groupsWhy 2026 could bring a major financial reckoning for the WestAlasdair pulls no punches: political incompetence, unsustainable debt, and geopolitical miscalculation are converging to create what he sees as an extremely uncomfortable year ahead.Protective assets like gold, silver, and mining stocks feature prominently in his outlook.Disclaimer:This video is for informational and educational purposes only. It is not financial, investment, legal, or tax advice. Nothing discussed should be considered a recommendation to buy or sell any asset or security. Always conduct your own due diligence and consult qualified professionals before making investment decisions. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal. The views expressed are those of the guest and host and do not necessarily reflect the views of any organization or platform.