Alasdair Macleod: "Fiat Currency System: 18 Months Before it Dies"
Alasdair Macleod tells Paul Buitink the Fed’s latest hike does not buy time. He gives the fiat system about 18 months. A 10-year yield above 5% could burst an equity bubble bigger than 1929. Energy and food shocks from war, drought, and blocked grain will push inflation higher while governments cannot afford the rates needed to stop it. Rescue QE would then destroy currencies. AI valuations look unsupported next to cheap Chinese rivals such as DeepSeek. Dutch gold leaving New York, after similar German and French moves, suggests the metal may not be there. Trust in the dollar is fading; gold…
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