Catastrophic Borrowing Kills Global Financial System - John Rubino

USA Watchdog, Released on 5/20/23

"Historians are going to look back at this era, and they are just going to wonder why we allowed it to happen and what were we thinking. We are destroying the global financial system by allowing governments to borrow this much money. The debt limit thing is being called a crisis, and if they let it go too far, it will be a crisis. . . . I think this game of chicken will end in the not-too-distant future, and if it doesn't, they have an ulterior motive. They want to crash the economy because that achieves something for them. We can speculate about this. The party in power wants to crash the economy, and that is a very dark scenario. . . . They are willing to burn down the world around them to get what they want. Look at Russia-gate and the contents of the Durham Report. The Democrats are willing to do stuff like that. . . . I would not put it past the Democrats to plan and implement it if they think it benefits them."

John Rubino is the founder of the popular financial website DollarCollapse.com which he sold in 2022. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. His latest work can be found at https://rubino.substack.com.

debt ceiling, debt crisis, economic collapse, economy

Catastrophic Borrowing Kills Global Financial System - John Rubino added by Herman James on 05/18/2023View all posts by Herman James ?+'