John Rubino: We're Close To A Death Spiral In The Financial System

Liberty and Finance, Released on 1/26/23 (Recorded on 11/30/22)

Signs are signaling we're heading into a recession, says former Wall Street financial analyst John Rubino. But later on, a total loss of faith in the currency is what he's expecting. The U.S. government cannot afford rates to remain high. Increasing debt and devaluation of the currency is inevitable, he says. People will start to lose confidence in the currency and the problem will compound on itself. "We're making the decisions now that will lead to that death spiral," he says, "once it starts I don't see how to stop something like that."

0:00 Intro2:30 Recession5:46 Inverted yield curve8:76 Credit contraction13:23 Impact on you16:53 Protect yourself23:48 Gold/silver confiscation26:55 Rubino on Substack27:53 Miles Franklin

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.

economy, gold, markets, recession, silver

John Rubino: We're Close To A Death Spiral In The Financial System added by Herman James on 01/25/2023View all posts by Herman James ?+'