Another risk on the horizon is inflation. Central banks around the world underestimated the risk of inflation. "They have lost control over the situation," says MacLeod. The problem comes when people lose faith in the stability of the currency. "We're going to drive ourselves into a situation where money doesn't work anymore," he says. "This is going to be a stampede out of currency."
Find MacLeod online: https://www.goldmoney.com/research/goldmoney-insights/
Article discussed in this interview:
Difference between growth and progress
1:06 Growth vs progress
5:16 Shadow Banking and Off-Balance Sheet Lending
16:07 Persistant inflation
25:38 Basel III
36:56 Banks & physical silver
45:19 Currency collapse
48:31 Last thoughts
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