39:27 – Using Fiat and Inflation
44:32 – Wrap Up
Tom welcomes a new guest to the show, Alasdair Macleod. Alasdair is the Head of Research for Goldmoney and an advocate for sound money.
Alasdair explains how the Treasury plans to spend the 1.6 trillion in the general fund over the coming months and its effects. The Fed is forcing the large banks to implement negative interest rates on deposits. He outlines backwardation and the implications for overnight loans with negative interest rates.
Alasdair doesn’t see much chance of a sudden economic recovery, and the markets are beginning to understand inflation is coming. In an inflationary environment, investors want higher rates of returns on their money. Rates are rising globally, and ironically, those in Europe are almost in positive territory.
Россиянам назвали способ накопить пенсию в 100 тыс рублей
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Reino Unido levantará el bloqueo de negociación de acciones en Suiza tras el Brexit
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