"This Will Blow Apart the Euro" Aladair Macleod
This Will BLOW APART The Euro | Alasdair Macleod
Liberty a nd Finance: 11-26-2022
Rising interest rates are putting stress on the system, and Credit Suisse is the first victim.
Credit Suisse is experiencing a sort of run on the bank as investors pull billions out of the institution.
This could be the beginning of a trend, says Alasdair Macleod, Head of Research at Gold Money. “You will see the banking community as a whole backing off from banks they perceive to be too risky to have as counter parties.”
Macleod explains that rising rates along with other current economic conditions could destabilize the whole of the European banking system and “blow apart” the Euro itself.
INTERVIEW TIMELINE:
0:00 Intro
1:42 Credit Suisse
25:30 Euro weakness
33:00 Government action
45:13 Gold Money