John Rubino-Of Popular Delusions and the Madness of Bitcoin

It happened. Bitcoin, which only ever goes up, is near $7000, down over 60% from its high of nearly $20,000. If you've been listening to this show, there should be no surprise. It was inevitable. The DJIA lost 666 last Friday. Another inevitability, but predictions of this bull market's death have been greatly exaggerated, for now.

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.