#223 Alasdair Macleod - A crisis is approaching and this is the signal

In this episode of the State of the Markets Podcast, Paul Rodriguez and Tim Price interview Alasdair Macleod about money, credit, economics, and markets. Macleod explains the difference between money (gold and silver) and credit, the dangers of the current credit bubble, and the unsustainability of government debt. He argues that central banks are likely to fail and currencies will collapse, advocating for a return to the gold standard and reduced government intervention. He suggests accumulating physical gold as a way to preserve wealth and warns against the risks associated with credit-based assets and ETFs. Macleod also touches on the geopolitical implications, noting the rise of Asian economies and their potential shift to gold-backed currencies.