John Rubino - Argentina, Iran and Oil

Turmoil has again swept the Argentine economy. Overnight short term rates have been raised to 40 percent as the currency crashes. And to think just last year they were issuing 100 year bonds with a 7.9% coupon. Who were the lucky investors getting that slop? Hopefully not hapless American pension funds. And then there's Iran. Today, Trump will decide what to do about the agreement with Iran. The smart money is betting he abrogates it, witness the price of oil breaking $70. Is war in the offing?

John Rubino is the founder and manager of the popular financial website DollarCollapse.com. 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. He currently writes for CFA Magazine.