Macroscopic Podcast

Alasdair Macleod: China’s Post-Dollar Plan To RESET The GOLD Price

10 snips
Jun 9, 2025
Alasdair Macleod, a renowned monetary expert, discusses China's strategic moves amidst the looming collapse of the US dollar. He reveals China's massive gold accumulation and its plan for a gold-backed settlement system, aiming to reshape global finance. Highlights include the growing distrust in the US dollar, the implications of Japan's bond market crisis, and the opening of Shanghai's gold exchange vaults. Macleod emphasizes the shift towards gold-backed currencies and China's quest for economic dominance, signaling a potential reset in international markets.
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INSIGHT

Dollar's Final Debt Trap

  • The dollar is in a final debt trap leading the end of the fiat currency era.
  • China plans to shift gold pricing control from London and New York to Shanghai to protect itself.
INSIGHT

Trump’s Tariffs Disrupt Trade

  • Trump’s tariff approach echoes pre-WWI tariff reliance replacing income tax, unsuitable for today’s global trade network.
  • His tariff policy is disruptive and unlikely to reverse global supply chain integration, resembling a Smoot-Hawley II effect.
INSIGHT

Dollar Credibility Erodes

  • Dollar credibility dropped sharply after weaponization via sanctions post-Putin's military operation.
  • Central banks and sovereign wealth funds are selling dollars and buying gold to avoid US debt risk.
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