MacleodFinance Substack | Alasdair Macleod | Substack Dedicated to explaining why gold is money and the rest is credit Dedicated to explaining economics relevant to the preservation of wealth And dedicated to explaining geopolitical developments relevant to investors
Everything is credit! - by Alasdair Macleod Everything is credit! This interview with Rafi Faber discusses my recent article on how bank credit is created out of thin air and why the entire system is close to collapse
Understanding credit and its collapse - by Alasdair Macleod Credit must have existed before the convenience of money, a fact almost never recognised by monetary historians The Phoenicians were trading without money long before it emerged as a medium of exchange
Understanding the difference between credit and real money Credit is always matched by debt: your financial asset is always someone else’s obligation The collapse of credit’s value happens when a currency (which is also credit) is not attached by exchangeability to gold
About - MacleodFinance Substack Subscribe to learn about money and credit As Keynes put it, not one person in a million understands money The irony is that Keynes didn’t understand the crucial difference between money and credit So join to help you understand the difference and protect your wealth from escalating credit risk