#249 Alasdair Macleod - Top 5 assets to own in a crisis
Oct 25, 2026 · 1 hr 17 min · 22 segments
https://www.macleodfinance.com **State of the Markets Podcast** **Tim Price (**…
Oct 25, 2026 · 1 hr 17 min · 22 segments
https://www.macleodfinance.com **State of the Markets Podcast** **Tim Price (**…
Paul RodriguezHost
Tim PriceHost
So the real figure is probably multiple times that in terms of the complete, a complete reset of the monetary system, as we know it, that's existed since 71.
I mean, I think the way to look at it, is that in the past, governments have rescued the private sector from its follies, you know, the cycle of bank credit expansion and contraction, you know, which leads to, you know, booms and slumps and all the rest of it.
But now we have a situation where it's not the private sector which is in trouble.
I'm not saying it won't be in trouble, of course it will be, but it's governments themselves.
Effectively they've run out of road at the end of this, um uh metaphor about kicking the can down the road i mean you know okay you can kick the can once more but there's no road
but that's the legacy of the o8 financial crisis presumably that a corporate sector banking sector problem got kicked up to the sovereign level and now it's at the sovereign level there's no one else left to kick it up to
But of course, out of that, You had various economists trying to think about how governments can intervene.
Keynes, with his general theory, effectively produced the blueprint for government intervention from there.
So I think, you know, the great financial crisis, which I've never called it that because the one coming is even greater.
That's like the great war, isn't it? We've had World War I and God knows what's coming next.
So the real figure is probably multiple times that in terms of the complete, a complete reset of the monetary system, as we know it, that's existed since 71.
I mean, I think the way to look at it, is that in the past, governments have rescued the private sector from its follies, you know, the cycle of bank credit expansion and contraction, you know, which leads to, you know, booms and slumps and all the rest of it.
But now we have a situation where it's not the private sector which is in trouble.
I'm not saying it won't be in trouble, of course it will be, but it's governments themselves.
Effectively they've run out of road at the end of this, um uh metaphor about kicking the can down the road i mean you know okay you can kick the can once more but there's no road
but that's the legacy of the o8 financial crisis presumably that a corporate sector banking sector problem got kicked up to the sovereign level and now it's at the sovereign level there's no one else left to kick it up to
But of course, out of that, You had various economists trying to think about how governments can intervene.
Keynes, with his general theory, effectively produced the blueprint for government intervention from there.
So I think, you know, the great financial crisis, which I've never called it that because the one coming is even greater.
That's like the great war, isn't it? We've had World War I and God knows what's coming next.
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