Bix Weir and Alasdair Macleod Friday 7-15-2022
Bix Weir
RED ALERT! Evergande Defaults on DOMESTIC bond as Chinese Home Owners STOP PAYING BANKS!
Road To Roota: 7-15-2022
The Evergrande failure is one of many things that can pop this Global House of Cards and Chinese home buyers are now stopping payment on mortgages by the MILLIONS!!
This has lead to a domestic Evergrande bond default which SHOULD trigger a TOTAL DEFAULT by Evergrande.
Once that is declared officially by the rating agencies the Derivative Bubble will be hit with a thousand Samurai Swords!! Here we go...
Eurozone MELTDOWN To Destabilize The Whole System | Alasdair MacLeod
Liberty in Finance: 7-13-2022
"This is a potential banking meltdown," says former bank director Alasdair MacLeod, head of research at Gold Money. There is a new emerging debt crisis in the Eurozone. The Euro is dropping to parity with the U.S. Dollar, and things are about to get much worse.
The problem is not just going to impact Europe, though Eurozone banks are extremely leveraged. For American banks, "it's very hard to avoid that systemic risk entirely."
He explains how to protect against a potential crisis in the banking system and global currencies.
0:00 Intro
1:10 Saudi Arabia
13:33 Dollar dumping
17:52 Eurozone
36:50 Global collapse
44:20 Yen's demise
47:20 Gold is money