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Interview with Godfrey Bloom
Godfrey and I discuss stablecoins, their accounting as credit, the GENIUS Act, Tether, and speculate why Tether is buying gold.
Superb interview with the marvellous ' Godders ' - this said and given his always telling it like it is and in wording that everyone can easilly understand ( provided they're not some politically correct / wokey dokey - shrinking violet ) - that if he ( Godders ) was ever to pass comment on any of the excellent reports at ' Macleod Finance ' , that like me - he'd rapidly find himself censored & de-platformed for expressing his views in plain english . I have just had 2 x of my replies to the most recent report per - ' BONDS BEYOND BESSENT's CONTROL ' - Hidden for allegedly contravening the rules ..etc..etc - which given that I haven't insulted or been horrible to anyone - somewhat takes the biscuit for massive over-reach and being somewhat non-sensical .....JUST SAYING
Governments (including so called democratic ones) can order the banks to limit withdrawals to whatever they like; for instance at ATMs. This is what happened in Cyprus & Iceland not that many years ago; let alone Argentina.. You talk about a 70 year old woman being stopped buying gold. What about the Icelandic woman who was refused entry by security guards to her bank during their financial crisis in order to access her Yen a/c?! The bank had not gone bust. Her account was basically frozen whether it be in a foreign currency or not.
Apart from this, the lesson from Covid is that governments can do anything in what THEY perceive to be an emergency.
There is no doubt the UK would pass a law making illegal to withdraw your gold from a U.K. vault whether owned by a bank or not!!