The Banking Crisis is not Over
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Hugh Hendry, Founder of Eclectica Macro, who says that the banking crisis is not over and investors need to consider the possibility of banks locking in your money. He gives his updated forecast of this happening. Hendry draws parallels to the 1930s when the U.S. banned gold ownership and forced all U.S. citizens to sell their gold to the Federal Reserve below market value. Hendry also discusses the current economic uncertainty, the debt situation, and the risks posed by rapid Federal Reserve tightening.
Credit to : Kitco News