Alasdair Macleod - Eurozone's TARGET2 Settlement System Could Implode At Any Moment

Posted by Vincent Tie on 19 Nov 2020


SBTV's latest guest is Alasdair Macleod, Head of Research at Goldmoney. We discussed the rise of zombie banks in Eurozone and the devastating fallout of the impending collapse of the debt-laden TARGET2 settlement system on the rest of the world.

Discussed in this interview:
01:53 Closing of the gold window in 1971 was a system failure
04:56 Weak money: The root of all economic & social problems
11:52 Can the US debt be repaid on default is on the cards?
13:43 Rise of Europe's zombie banks
23:31 TARGET2 settlement system ready for implosion
26:39 Comparing the stock market crash in the 1920s with 2020
34:00 Case for gold has never been stronger
38:44 Cryptocurrencies to die with the collapse of fiat currencies

 

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