Danielle Park and Alasdair Macleod on the future of the economy

Danielle Park, host of Juggling Dynamite, and the GoldMoney Foundation’s Alasdair Macleod discuss the current economic crisis, the financial sector and where they see the global economy heading.

Park talks about government intervention in the economy and the impact this is having, and the growing public anger directed at governments and banks. The two have an in-depth discussion about the size of the derivatives market, and the affects this can have on the broader economy. They then discuss how the financial sector has evolved over the last 20 years, and how this compares with other historical periods. Both discuss the drastic expansion of the money supply since the Second World War and the inflationary consequences of this.

Park finishes by explaining why, despite the myriad economic problems confronting us today, she is optimistic about the future.

This podcast was recorded on May 16 2012 at the Hard Assets Investment Conference in New York.

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Alasdair started his career as a stockbroker in 1970 on the London Stock Exchange. In those days, trainees learned everything: from making the tea, to corporate finance, to evaluating and dealing in equities and bonds. They learned rapidly through experience about things as diverse as mining shares and general economics. It was excellent training, and within nine years Alasdair had risen to become senior partner of his firm. Subsequently, Alasdair held positions at director level in investment management, and worked as a mutual fund manager. He also worked at a bank in Guernsey as an executive director. For most of his 40 years in the finance industry, Alasdair has been de-mystifying macro-economic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman’s terms what governments do with money and how to protect themselves from the consequences.

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