Danielle DiMartino Booth: Gold's Violent 5% Drop Is a 'Repeat of March 2020'

The financial system is sending out a major distress signal. While stocks hover near all-time highs, former Federal Reserve insider Danielle DiMartino Booth warns that a systemic liquidity crisis is already here, and it will force the Fed to abandon its inflation fight.In this interview, the CEO of QI Research tells Kitco News' Jeremy Szafron that the violent 5% sell-off in gold is a "repeat of March 2020"—a forced liquidation event signaling that the "dash for cash" has begun. She breaks down why "prime borrower" delinquencies are the new canary in the coal mine and explains how banks are using "extend and pretend" tactics to hide a brewing credit event she says will unleash "more cockroaches" into the public markets.Is the Federal Reserve trapped? Booth lays out the final indicator that will prove the system has broken and the Fed has lost control.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.