Negative Interest Rates & End of Paper Currency? | Alasdair MacLeod

IN THIS INTERVIEW:
- World central banks considering negative interest rates? ►0:58
- Lowering interest rates has lost its efficacy ►5:29
- Negative interest rates is an absurd concept ►9:30
- What effects would negative interest rates have? ►12:08

China Has At Least 20K Tons of Gold -- Alasdair Macleod

Alasdair Macleod: PBOC Has At Least 20k Tons of Gold





During this 40+ minute interview, Jason asks Alasdair if he thinks China will announce a gold reserves update about its official public government gold holdings.

Before Alasdair answers that question, he provides some background. Alasdair thinks the Chinese government/PBOC started accumulating massive tonnage of gold in the early to mid 1990s as it was getting ready to join the WTO.

Alasdair does think China will update its official gold holdings soon but that China doesn't care very much if its currency gets into the SDR.

Alasdair thinks China will eventually partially back its currency with gold (fractional gold standard?) and that China plans a separate SDR with other Asian economies.

Jason and Alasdair also discuss where is the gold coming from, the financial struggles of gold miners, why deflation can't last for a long period of time and why it hasn't ever lasted in modern history for more than a few years and other interesting topics.

They also discuss if the crack up boom has already started.

PANIC IN THE WEST = $150 SILVER -- Alasdair Macleod

Alasdair Macleod, Director of Research for Gold Money joins us to cover the sorry state of the US economy, which at this point is on death watch when measured with REAL accounting data like plummeting GDP and the downward revisions in the BLS reports.

In fact, according to John Williams from shadowstats, as the ranks of the unemployed in the United States reaches 23%, the economy is now beginning to suffer the effects of inflation, and Williams says, we are on track to hit hyperinflation of the Dollar in 2016. The problems that caused that 2008 economic crisis have not been addressed or fixed and loose monetary policy continues unabated.

With the average age of a minimum age worker in the United States 36 years old, and with 93 million Americans out of the workforce altogether, hyperinflation of the Dollar is the death knell for the Republic and for all we once held dear.

Alasdair Macleod points out that once confidence in a currency is lost, that currency is doomed. At that point, panic ensues, and we are now headed in that direction. Alasdair says, "There will be people in the west panicking because they haven't got any physical silver or gold." And by the time the panic is palpable, it will be too late.

Gold Price Could be Driven Higher by Panic Demand -- Alasdair Macleod

Alasdair Macleod-Gold Price Could be Driven Higher by Panic Demand




When will the Chinese make their next big move? Financial expert Alasdair Macleod says, “Their style is not to go in and disrupt markets. They act very, very quietly. You would hardly know they are there. This is certainly how they have handled their acquisition of gold. I don’t think they would want to be blamed for destabilizing western capital markets. What could happen is if we set a chain of events going that would lead to our own demise, then the Chinese would protect themselves. There is so little gold left in western vaults now . . . anything that changes the really sunny outlook for bonds equities and all the rest of it . . . and for people to realize that people don’t have any gold, that could drive the price sharply higher because there is not enough gold for us to buy. The stocks are very, very low, and anybody who comes into the market is going to have to bid it up to get it.”

Gold Is A "Financial Nuclear Weapon" | Alasdair MacLeod

IN THIS INTERVIEW:
- How will the change in London gold fix affect the physical gold market? ►0:18
- China to control the gold market ►6:43
- Gold is a "financial nuclear weapon" ►18:50
- Will the Euro currency survive? ►22:39

Swiss Getting Ready To Teach The Banksters A Lesson? -- Alasdair MacLeod

Alasdair MacLeod--Swiss Getting Ready To Teach The Banksters A Lesson?






Goldmoney's Alasdair MacLeod joined us today. Japan and Europe are an absolute mess. The US isn't much better. Right now the question is whether the Swiss are going to pass their referenda, key among them which would require gold backing of the Franc and break the Euro peg. Of course the elites want no part of it, which is what makes it so interesting. Polling data shows it being defeated, but who conducts those polls again? Alasdair believes that the upshot of the recent G20 meeting is that monetary policy has run its course and that any further stimulus will have to be done fiscally. What effect it will have is another story.

Alasdair Macleod: Central Banks Have Put Over $29 Trillion Into Markets

Jason Burack of Wall St for Main St had former stock broker and longtime financial industry veteran, Alasdair Macleod, who is now head of research at Gold Money http://www.goldmoney.com/, back on for another interview. During this 50+ minute interview, Jason starts by asking Alasdair about negative rates imposed by the European Central Bank (ECB), what this means for people in Europe and whether this is the Keynesian end game?Alasdair and Jason talk more about Keynes, his General Theory and some of the problems Keynes' theories have created in the real world for economies. Next, Jason asks Alasdair about inflation in Europe and if despite credit contraction in the private sector in Europe, if UK and the rest of Europe actually has deflation in consumer prices? Alasdair says his bills keep going up and Jason confirms through his podcast network of European listeners that many of their everyday bills are also going up because of inflation and deflation is not running rampant in Europe. Jason then asks Alasdair about a new story being released by the Financial Times (FT) talking about how global central banks have pumped about $29.1 trillion in global asset prices and the economy to keep asset prices from falling and keep the economy in a false sense of recovery. Alasdair thinks quite a bit of this money has gone into physical gold purchases. Jason, then asks Alasdair about a story he broke for the gold community in 2013 about how the Bank of England sold or leased about 1300 tons of physical gold into the market when they don't own nearly that much gold. Jason asks Alasdair how they can sell something they don't own?Alasdair talks about the fractional bullion market, central bank gold leasing and how he thinks this is slowly coming to an end because Western central banks are running out of physical metal to leverage up via derivatives and hypothecation. Jason asks Alasdair about the Bank of International Settlements (BIS) and whether the new banking regulations of Basel III will mean banks will buy and hold more physical gold. Finally, to wrap up the interview, Jason asks Alasdair how much physical gold he thinks China owns and why his Chinese physical gold demand numbers differ so much from Koos Jansen of In Gold We Trust. Alasdair thinks China could already own 8,000 tons of physical gold (he thinks over 5,000 tons owned for sure) and he says Koos Jansen's Shanghai Gold Exchange (SGE) numbers assume that government is telling the truth and based on how governments are basically all lying about GDP, inflation, employment, numbers why are the Chinese going to tell the truth about physical gold withdrawals on the Shanghai Gold Exchange?This interview is well worth your 50 minutes spent listening. Please visit the Wall St for Main St

All You Need To Know About Negative Interest Rates - Alasdair Macleod

On Thursday, the European Central Bank (ECB) took the historically unprecedented step of lowering certain of its interest rates below 0%. In a report to our premium subscribers immediately following the announcement, Chris likened the move to the policy equivalent of dropping a neutron bomb.

In the days following, despite the ECB attempting to clarify its stance further, many questions still linger; most notably: What exactly will the implications of this negative interest rate (NIRP) policy be?

We've asked our European correspondent, Alasdair Macleod, to lay things out in black as white as much as is possible. In this detailed podcast with Chris, he explains exactly what steps the ECB is undertaking, what the most probable ramifications will be, and where the highest degrees of risk now lie:

Paper Currencies Face Ultimate Collapse | Alasdair Macleod

Alasdair Macleod from goldmoney.com talks about the rigging of gold prices by central banks and government, the main rigger behing the gold price is the Uk's Bank of England. The central banks are colluding to push the physical price of gold low, while pretneding eir worthless paper Fiat crap currency has vauel, when in fact it is backed by thin air so werthless.

Alasdair MacLeod -- CHINA CORNERS GOLD MARKET - The Vaults Are EMPTY

Writer and researcher Alasdair MacLeod from Gold Money joins us to discuss the situation in the Ukraine, and the Ukrainian gold bound for China (or Germany) by way of the United States. Alasdair notes that the Ukranian gold reserve is only 33 tons - which is less than ONE WEEK of demand by the Chinese pubic. Alasdair says the western powers have been checkmated by China which has CORNERED the gold market and DRAINED western bullion bank vaults. Alasdair says that through 2013 the gold has been supplied by the Central Banks, but now "the vaults are empty and China knows this. Russia knows this." Alasdair says the situation in the Ukraine could lead to the financial equivalent of nuclear war: "This is why I think the developments over Ukraine are so very, very important. If we want to take them on in a game of chicken, they have got us. There is nothing we can do. We've got NO GOLD. They could drive up the gold price to $10,000 tomorrow and there's nothing we could do about it. It would BANKRUPT the western banking system."

Alasdair Macleod : Currency Crisis Dead Ahead

This week's podcast interview introduces a new monetary measurement developed by Alasdair Macleod: the 'Fiat Quantity of Money', or FMQ.

Alasdair explains how FMQ is derived, as well as what it can tell us about the true levels of fiat money supply. In the case of the dollar, it reveals that levels are far above what is commonly appreciated -- so far, in fact, that a currency crisis could arrive sooner than even many dollar bears expect.

Max Keiser & Alasdair Macleod on Rigged Gold Market (27July13)

Keiser Report: Guest Alasdair Macleod on rigged gold market (27July13) 


Alisdair Macleod from goldmoney.com talks about the rigging of gold prices by central banks and government, the main rigger behing the gold price is the Uk's Bank of England. The central banks are colluding to push the physical price of gold low, while pretneding eir worthless paper Fiat crap currency has vauel, when in fact it is backed by thin air so werthless.

Recorded from RT HD, Keiser Report, 27 July 2013.

Let's get physical: GOLD refiner Baird's take on the Market

Episode 136: Alasdair Macleod interviews Tony Baird of Baird & Co. Ltd (www.goldline.co.uk/) -- a London-based Bullion Merchant, refiner and member of the London Bullion Market Association.

Tony discusses the scrap market supply for both gold and silver and how "cash for gold" businesses have contributed to this market in the last few years.

He then details how busy they were during the price dip in April and just who was demanding physical gold and causing backlogs at all the major refiners. A boots-on-the-ground view from the physical bullion market that sheds fascinating light on the refining business and the recent supply and demand for physical gold.This podcast was recorded on 25 June 2013.

Alasdair Macleod: The Deflationist Error

Many people believe there is a significant risk that the Irving Fisher debt-deflation theory of great depressions is still an economic threat today. They overlook the fact that Fisher published his theory

The events he described arose as a consequence of the earlier expansion of bank credit in a fractional reserve system when the currency being used was convertible into gold. This was the case until 1933, when Fisher wrote his definitive article forEconometrica. Under those circumstances, it is obvious that contracting credit leads to a self-feeding liquidation of assets, driving their prices down, and an increasing demand for money, i.e. gold. This was reflected in the gold revaluation that took place that year.

This is not the situation today. The absence of the gold discipline allows central banks to replace credit with quantities of raw money sufficient to ensure that Fisher’s debt-deflation is bought off.
examining debt-deflation events under a gold standard, which does not apply today. Financial credit contractions therefore take a different appearance.

This short commentary by Alasdair was posted on thegoldmoney.com Internet site on Sunday...and I found it buried in a GATA release yesterday morning.

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