welcome back to the kaiser report i'm max kaiser time had to go to blighty talk to alpha macleod of gold money dot com the credit cycle is on the turn that's the title of his latest report at gold money dot com and as always full disclosure i do own a small business and gold money out there welcome back to the kaiser report and lou max all right so i've read a lot of your research over the errors and occasionally you hit one out of the park with that's a baseball expression by the way for you brits might not know what i'm saying this is really a seminal pace this is a very major piece you've put out here the credit cycle is turning interest rates are rising they have been falling for over thirty years alister you say the cycle is actually turning so tell us about what indicators do you see is this really happening well the best indicators all this that is they can't really go below zero i know that they try to put it blows zero but i mean is that's a little nonsense. so you know. so the first thing it can't really go any lower after the next credit cycle the other thing that worries me i