This Will Lead To Currency Destruction | Alasdair Macleod

Interest rates will continue rising, says Alasdair Macleod, former bank director and now head of research at GoldMoney.

He forecasts that high interest rates will lead to continued stress in the banking system, leading to more banks closing their doors.

He expects a continued stock bear market, driven not only by banking failures but also currency failures.

Governments propping up the bubble won't work, he says, for such intervention merely leads to further currency devaluation.