[delta7]

Posted as a public service.Mr MacLeod explains where our inflation is headed, currency crisis, etc…in easy to understand terms.

[citizen]

This guy is probably selling/advising gold investment — that does not necessarily make him a charlatan.

[Rockingham]

MacLeod has a gold sales, investment, and exchange and depository escrow business. He believes in that line of business, which relies on the value of gold as an asset and hedge against inflation, but that does not make him correct on the larger issues.

In actuality, in the modern world, gold would not work as a general monetary base. To be successful in that role, currencies would have to be fully convertible into gold. Yet doing so would also make it possible for the value of gold to be manipulated so as to undermine economies that rely on gold as their monetary base.

That is why the world dropped gold convertibility during the Depression. After WW II, gold was given limited convertibility between governments under the Bretton-Woods agreement, but Nixon suspended convertibility because the mechanism was abused by France and, more fundamentally, it restrained the currency creation needed to finance trade and growth of the global economy.

[AZJeep]

USA Is a world leading country with Government debt per capita (#6 in the world) and the deficit per GDP.
For example, EU requires their members to keep deficit below 3% of GDP, and the gov debt below 60% of GDP, but USA has over 6% deficit and about 130% of debt!
If member of EU, they would require us to take drastic measurements to reign in this.
The debt and deficit really exploded after 9/11 (Bush), got worse under Obama, Trump and reached records under Biden.
I am not sure how long this can go?!