Almost without doubt" will the strain in the banking system cause further bank failures
this year, says Alasdair Macleod, Head of Research at GoldMoney. The authorities in the
West are likely to try to protect the status quo, but it's not going to work, he forecasts.
As the financial system shows more cracks, officials will choose to sacrifice the currency
rather than the system. At the same time, more signs show that the BRICS, joined by the
Middle East, are
going to adopt a currency based on gold.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Banking crisis
11:53 BRICS nations
23:03 Who's got the gold?
36:50 Solution to crisis
Miles Franklin
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