Tuomas Malinen - Coming Crisis Is So Dire There's No Fix For It, Hold Gold, Cash & Pay Down Debt

in #gold5 years ago

SBTV speaks with Toumas Malinen, CEO of GnS Economics, in this hard-hitting interview about the appalling state of the global economy. Central bank policies have wreaked havoc in the financial system creating a false sense of prosperity, masking problems and blowing huge economic bubbles. The situation is so dire that there's no way to fix it at this stage.

This interview was done just before Christmas 2019.

Discussed in this interview:
04:20 Is our financial system safer today?
07:16 Root cause of all troubles in financial system
11:27 Are there financial bubbles at risk of bursting?
14:10 Loose monetary policies continue to fuel stock markets
15:21 Negative interest rates and QE wreaking havoc on banks
20:58 Certainty of the coming European banking crisis
27:35 Collateralized Loan Obligations (CLOs): Canary in coal mine
29:12 Surviving the coming crisis

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