RE:Latest Alasdair MacLeod on Basel 3, LBMA, Derivatives, US$
Thanks BB. Good interview. Alasdair has written a decent essay on banking and the current Shiite that is emerging. Banks are having problems with balance sheet room. Consequently lending to non financial entities are dropping. Meaning they just want to park their cash on safe financial entities. So how will the recovery progress? Slow or little perhaps. End game again is the Fed printing more and more. https://www.goldmoney.com/research/goldmoney-insights/the-end-of-the-bank-credit-cycle Additionally Alasdair has added further clarification on the new mechanics of how the LBMA will work in the new year. It essentially means the banks will need physical gold on their assets to match their trades on the LBMA. Maybe 4000 tons of gold will have to be bought by the banks to continue this trading. https://www.goldmoney.com/research/goldmoney-insights/lbma-gets-a-lifeline