Seeking Alpha

Jason Burack's  Instablog

Jason Burack
Send Message
Investor, Entrepreneur, Financial Historian, Austrian School Economist, Investment Analyst, and Contrarian. Co-founded the investor education, financial education and consulting company, Wall St for Main St, LLC in 2009. I've taught beginners how to invest and also consulted for high net worth... More
My company:
Wall St for Main St
My blog:
Jason Burack
  • Alasdair Macleod: Central Banks Have Put Over $29 Trillion Into Markets  0 comments
    Jun 16, 2014 10:01 PM | about stocks: CEF, GLD, PHYS, SPY, DIA, QQQ, IWM, IWV

    Jason Burack of Wall St for Main St had former stock broker and longtime financial industry veteran, Alasdair Macleod, who is now head of research at Gold Money www.goldmoney.com/, back on for another interview.

    During this 50+ minute interview, Jason starts by asking Alasdair about negative rates imposed by the European Central Bank (ECB), what this means for people in Europe and whether this is the Keynesian end game?

    Alasdair and Jason talk more about Keynes, his General Theory and some of the problems Keynes' theories have created in the real world for economies.

    Next, Jason asks Alasdair about inflation in Europe and if despite credit contraction in the private sector in Europe, if UK and the rest of Europe actually has deflation in consumer prices?

    Alasdair says his bills keep going up and Jason confirms through his podcast network of European listeners that many of their everyday bills are also going up because of inflation and deflation is not running rampant in Europe.

    Jason then asks Alasdair about a new story being released by the Financial Times (NYSE:FT) talking about how global central banks have pumped about $29.1 trillion in global asset prices and the economy to keep asset prices from falling and keep the economy in a false sense of recovery. Alasdair thinks quite a bit of this money has gone into physical gold purchases.

    Jason, then asks Alasdair about a story he broke for the gold community in 2013 about how the Bank of England sold or leased about 1300 tons of physical gold into the market when they don't own nearly that much gold.

    Jason asks Alasdair how they can sell something they don't own?

    Alasdair talks about the fractional bullion market, central bank gold leasing and how he thinks this is slowly coming to an end because Western central banks are running out of physical metal to leverage up via derivatives and hypothecation.

    Jason asks Alasdair about the Bank of International Settlements (NASDAQ:BIS) and whether the new banking regulations of Basel III will mean banks will buy and hold more physical gold.

    Finally, to wrap up the interview, Jason asks Alasdair how much physical gold he thinks China owns and why his Chinese physical gold demand numbers differ so much from Koos Jansen of In Gold We Trust.

    Alasdair thinks China could already own 8,000 tons of physical gold (he thinks over 5,000 tons owned for sure) and he says Koos Jansen's Shanghai Gold Exchange (SGE) numbers assume that government is telling the truth and based on how governments are basically all lying about GDP, inflation, employment, numbers why are the Chinese going to tell the truth about physical gold withdrawals on the Shanghai Gold Exchange?

    This interview is well worth your 50 minutes spent listening.

    Please visit the Wall St for Main St website here www.wallstformainst.com/
    Follow Jason Burack on Twitter @JasonEBurack
    Follow Mo Dawoud on Twitter @m0dawoud
    Follow John Manfreda on Twitter @JohnManfreda
    Follow Wall St for Main St on Twitter @WallStforMainSt

    Also, please take 5 minutes to leave us a good iTunes review here! itunes.apple.com/us/podcast/wall-street-...

    Also, if you want to learn how to invest or trade or learn new investment strategies please email the Wall St for Main St team at wallstformainst@gmail.com to learn more. We offer good discounts on consulting packages the more hours one books in advance!

    Link to podcast: youtu.be/HHGPFIdqOxs

Back To Jason Burack's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.