Economic News From Alasdair Macleod and Lynette Zang 4-19-2023
Yellen Causing A Run On The Banks | Alasdair Macleod
Liberty and Finance: 4-18-2023
"We are actually staring the bankruptcy of the whole fiat currency system in the face," says former bank director Alasdair Macleod.
Depositors have been withdrawing their funds from regional banks and moving them to systemically important banks, that is, banks that are more likely to be backstopped by the government.
Spooked by the recent developments in the U.S. banking system, foreigners are reconsidering their dollar exposure.
"It's not going to take much to tip an avalanche of selling against the dollar," says Macleod.
INTERVIEW TIMELINE:
0:00 Intro
1:00 Dedollarization
9:30 Bank runs
14:32 Dollar dumping
28:48 MacLeod online
Bank Collapses Expose Weaknesses in Financial Sector: What You Need to Know
Lynette Zang: 4-18-2023
The International Monetary Fund, the IMF just came out with its Global Financial Stability Report. And while we're hearing talk from Janet Yellen of how great things are and how stable there is and how lending is in cut back, etcetera, this report shows something really different.
So I am talking about it in the sections in more depth, but there were some very, very interesting charts and graphs.
And you guys know I love my charts and graphs, and we're gonna talk about that today.
Chapters:
0:00 Global Financial Stability Report April 2023
1:12 Social Media’s Role in Markets
3:15 Impact of Rising Rates
9:01 US Insurers Illiquid Assets
15:50 Treasury Market Depth & Debt
20:15 Central Banks Buying Gold