Banking System On Edge Of Collapse | Alasdair MacLeod

The banking system is at high risk of collapsing if interest rates rise, says Alasdair MacLeod, head of research at GoldMoney.com. We’re seeing massive amounts of over-leverage and we’re seeing it in over-valued markets, resulting in “the biggest level of speculation in financial history. The collapsing of that bubble is not going to be a light hearted affair.”

“Just read the history of every financial bubble,” he says. “We are here once again, and we are here in greater style than we have ever been before….it’s worse than tulip mania - this is global.”

Article discussed:
https://www.goldmoney.com/research/goldmoney-insights/the-credit-cycle-and-zombies-downfall

0:00 Intro
1:04 Gold & silver update
7:13 Banking system
24:50 Who'll hold the bag?
32:11 Preparing
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