Macleod – Global Depression May Loom As The World’s Banking System Is Seizing Up Like It Did In 2008

Saturday, September 21, 2019
By Paul Martin
September 20, 2019

Today Alasdair Macleod told King World News that a global depression may loom as the world’s banking system is seizing up like it did in 2008.

Turmoil In Global Markets
September 20 (King World News) – Eric King: “Alasdair, I have reports that the super wealthy are extremely worried and so they are getting liquid by selling off real estate, stocks, bonds and going heavily into cash and paying down debt. And over time some of those large stockpiles of cash will flow into gold as the upheaval in global markets accelerates. What about the turmoil that has been unfolding and what kind of fireworks do you think we will see in the gold market as those stockpiles of cash eventually flow into what, at times, can be a very tight or backwardated physical market?”

Global Chaos Resembles 2008
Alasdair Macleod: “I think it will be enormous for the simple reason that there isn’t really that much physical gold around. The demand over the last 10 years has been from the Chinese and the Indian citizens. And over the last year we have seen a new phenomenon, which is central banks beginning to stock up on gold. So central banks are worried about the situation — that is the message we are being given.

The Rest…HERE

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