November 01, 2024

BRICS GOLD Currency A Hoax?! | Alasdair Macleod

57 minutes

In this interview with Alasdair Macleod, Head of Research at Goldmoney, we discuss the recent developments surrounding the BRICS summit and the speculation about a gold-backed currency. Alasdair shares his insights into why the proposed currency is not a feasible reality and explains the implications for global economics and credit markets. We also cover the rising gold prices, the state of global credit, and the challenges facing Western economies. Viewers can expect a deep dive into the mechanics of credit, currency value, and the economic strategies of major players like China and Russia.

#gold #credit #BRICS

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👨‍💼 Guest: Alasdair Macleod

🏢 Company: Goldmoney

🌎 https://substack.com/@macleodfinance

📅 Recording date: October 31st, 2024

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November 21 & 22, 2024 in Frankfurt, Germany

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Timestamps

00:00 Intro

00:55 Welcoming Alasdair Macleod

02:10 Summary of the BRICS Meeting

06:02 Why the BRICS Gold Currency Isn’t Happening

13:20 Challenges in Creating a Gold-Backed Currency

19:05 The Problem with CBDCs and Credit Misunderstandings

23:29 US Credit and Debt Situation

30:33 Rising Interest Rates and Bond Market Impact

37:03 Relationship Between Bond Yields and Equities

42:16 Implications of Bond Yields on Fed Policy

45:34 Foreign Perspectives on US Economic Policy

51:04 Gold’s Price Movement Explained

54:06 The Importance of Understanding Currency Value

55:47 Final Thoughts and Takeaways

57:32 Alasdair’s Substack and Where to Follow Him

59:30 Conclusion and Viewer Engagement

Music by Bensound.com/free-music-for-videos

License code: CJM8H8TFH44E1TI5

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