WTFinance

1929 Repeat As Credit Bubble Collapses with Alasdair Macleod

Jul 27, 2025
Alasdair Macleod, a seasoned educator in sound money and economics, shares insights on the looming financial landscape reminiscent of 1929. He discusses the urgent need to cut deficits and warns against the impending collapse of the fiat currency system. The conversation delves into the potential confiscation of gold and emphasizes the importance of tangible assets for wealth preservation. Macleod also reflects on the shifting dynamics between the U.S. and China and the implications of Central Bank Digital Currencies on the global financial stage.
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INSIGHT

1929-Like Debt Bubble Warning

  • Debt bubbles are topping out similarly now as in 1929, creating severe economic risk.
  • Rising bond yields will worsen debt conditions, collapsing financial assets like stocks and bonds.
INSIGHT

Political Economy Hinders Deficit Cuts

  • Government attempts to cut spending fail politically due to voter resistance and welfare demands.
  • Tax increases and capital gains rules cause market freezes, worsening revenue and economic outlook.
INSIGHT

Global Tariff Fallout and Debt Trap

  • Global tariffs and economic uncertainty disrupt economies, pushing major countries into recessions.
  • Debt traps grow as deficits rise and tax bases shrink, pressing governments into unsustainable borrowing.
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