DAS KAPITAL: China Stockpiles Gold As Western Currency Devaluates

Source – zerohedge.com

  • “…Andrew Maguire sits down with famed economist, Alasdair Macleod, to discuss China and Russia’s tactical currency commoditisation as the dollar continues to devaluate. The precious metals expert questions the Fed’s official narrative on inflation and shares his thoughts on the implications of a looming global food crisis”

China Stockpiles Gold as Western Currency Devaluates. Feat. Alasdair Macleod

(Also Read: A New Gold Standard? Kremlin Confirms Intention To Back Ruble With Gold And Commodities @ https://www.zerohedge.com/markets/new-gold-standard-kremlin-confirms-intention-back-ruble-gold-and-commodities)

In this week’s Live from the Vault, Andrew Maguire sits down with famed economist, Alasdair Macleod, to discuss China and Russia’s tactical currency commoditisation as the dollar continues to devaluate. 

The precious metals expert questions the Fed’s official narrative on inflation and shares his thoughts on the implications of a looming global food crisis.

Timestamps

00:00 Start

02:00 Introducing Alasdair Macleod

03:45 The emergence of China as a superstate

15:00 The Western currency catastrophe

23:45 PetroRuble – the elephant in the room

34:00 $1 quadrillion of derivatives! How much of that is gold?

44:15 Government interventions and the gold price revaluation

52:20 Why it’s wise to secure your wealth in physical gold and silver?

https://www.zerohedge.com/contributors/285634

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