Global Economy Continues To De-Dollarize – Willem Middelkoop…” the banks can’t write off or absorb that will mean banks are nationalized, bailed out or go bankrupt.”
TheNewsDoctors.com
Sun, Feb 21st, 2016
Jason Burack of Wall St for Main St interviewed returning guest Willem Middelkoop to discuss the global economy, financial markets, and developments on the currency war front. Middelkoop wrote the insightful book, “The Big Reset” (TheBigResetBlog.com), and he’s a fund manager with the Commodity Discovery Fund.
During this 20+ minute interview, Jason first asks Willem about whether another 2008 style banking crisis is happening as we see the share prices of bank stocks including Deutche Bank fall to levels not seen since 2008. Willem thinks a banking crisis is happening as there’s over $1 trillion according to his estimates of bad oil and energy loan debts the banks can’t write off or absorb that will mean banks are nationalized, bailed out or go bankrupt.
Willem thinks this can be worse than the 2008 crash as this is a global problem of banks going bankrupt as many gave out enormous amounts of oil and energy loans.
Jason asks a follow up question if Willem thinks there’s good value for oil stocks that don’t have a lot of debt because Willem manages money and invests heavily in resource stocks with his Commodities Discovery Fund.
Willem thinks there’s lots of opportunities to make good investments in oil if people know where to look but many oil companies won’t survive oil prices this low.
The Rest…HERE
