Turning Hard Times Into Good Times

Alasdair Macleod, Axel Merk and Michael Oliver are guests this week. In 2004 Dr. Stephen Roach of Morgan Stanley warned America was on a collision course as it borrowed excessively from China and Japan to fund its Treasury. The collision Dr. Roach warned about in 2004 was heard in September 2019 when Repo market interest rates exploded to 9% revealing a bankrupt America. On that basis alone, Alasdair was warning of an impending collapse of the existing dollar-centric fiat currency system. And then came COVID-19, triggering what may become the emergence of a depression greater than that of the 1930s. Almost certainly there will be a currency reset. But will gold be a part of the new system? How will gold perform as the reset takes shape? Those topics will be discussed with Alasdair. Axel will talk about OUNZ,a paper gold ETF, that allows investors to take possession of physical gold. Michael will provide his usual prescient insights into the momentum of key markets.