In this interview, I discuss my recent article on Say's Law, talk about the reset, and the shortage of gold. Sign up for free for more informative podcasts!
Alasdair’s lens on the world is valuable as a stress-test of mainstream optimism, but it is obviously not a complete map of the terrain. He is very good at spotting the structural fragilities that can build inside a highly-leveraged, fiat-money system, but his forecasts routinely compress the timing and magnitude of the dangers. It makes his narrative often sound darker—and arriving sooner—than reality. So I think the narrative is realistic about the mechanics of credit and money, but narrow in the way he weights other stabilising forces.
Thank you Alasdair.
Alasdair’s lens on the world is valuable as a stress-test of mainstream optimism, but it is obviously not a complete map of the terrain. He is very good at spotting the structural fragilities that can build inside a highly-leveraged, fiat-money system, but his forecasts routinely compress the timing and magnitude of the dangers. It makes his narrative often sound darker—and arriving sooner—than reality. So I think the narrative is realistic about the mechanics of credit and money, but narrow in the way he weights other stabilising forces.
Although I agree about the timing, I wouldn't characterize other market forces as "stabilizing".
I would add, Where is..the 400 Tons of UK gold, sold at 255$oz, WHO bought it..? Why the secrecy ?
Where is gaddifi´s/Libya´s gold ?
Where is Venuzuela´s gold. ?
Where is Argentina´s gold, that Miliae sent to London to "earn" an interest rate ?
I could add King solomon and the Knights templars gold, but you get the picture...))
Keep up the good work.
Mike