By Greg Hunter’s USAWatchdog.com
The latest is called “We are all Trapped-Alasdair Macleod.” Finance and economic expert Alasdair Macleod sees a fragile global economy with many ways to crash. Macleod starts in Europe with the euro currency, “We are looking at a currency which at any moment, triggered by Greece or triggered by a butterfly in the jungle, could begin to unravel. I actually think the lack of any history behind the euro is the probably the worst thing that it has. . . . People can go off the euro incredibly quickly. . . . That is one area where it could happen. . . . Look what’s going on in Japan. They are printing money, and its hyperinflation. It is monetary hyperinflation inflation, which at some stage is going to be price hyperinflation. It’s only a matter of time. . . . I can’t find what’s good in the world. China is going to try to tackle a credit bubble. I have never known a government to tackle a credit bubble and succeed in managing it. . . . That is an accident waiting to happen. Coming back to America, last year, the Federal Reserve laid out how it was going to raise interest rates. That’s a complete joke. They can’t do it. We are all trapped, and it’s not going to take very much to change the valuations in the markets, and the effect on the gold price could happen at the same time and it could be very, very dramatic. 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.”
Join Greg Hunter as he goes One-on-One with Alasdair Macleod of GoldMoney.com.
Here’s the link: http://usawatchdog.com/we-are-all-trapped-alasdair-macleod/