U.S. Financial Death Spiral [Video]

U.S. Financial Death Spiral [Greg Hunter – Analyst and financial writer John Rubino has a new warning about being fooled into thinking the economy is improving because inflation and interest rates have fallen some recently.

Rubino says, “If the U.S. government is running crisis level deficits, which it is right now, borrowing money and paying interest on it means we are in a financial death spiral.

The debt goes up, the interest on the debt goes up and that raises the debt even further, and you just spiral out of control. We are there right now. The official U.S. debt is $33.5 trillion. It’s growing by $1.7 trillion a year, and $1 trillion of that is interest costs. Continue reading

Global Monetary Experiment Ends in a Bloodbath [Video]

Global Monetary Experiment Ends in a BloodbathGreg Hunter – Analyst and financial writer John Rubino said in February, “We are in a debt and death spiral” that will force dramatic changes on the world. It was a direct hit because in March, Silicon Valley Bank (SVB) tanked, and the FDIC and the U.S. Treasury were forced to basically back-stop the entire banking system.

The financial problems are far from over as Rubino explains, “Basically, interest rates have been artificially low for a decade . . . . In that time, crazy numbers of office buildings went up and were financed at really low rates. . . .  Now, office vacancy rates are spiking, which means office building are not profitable anymore. Continue reading

Confronted with a Nightmare Scenario [Video]

RubinoGreg Hunter – Financial writer John Rubino says there is no easy way out for the financial and political mess the United States has created for itself.  Rubino starts with the economic problems and explains, “Now, inflation is starting to spread. . . .

Look at lumber.  If you are trying to build a house, it’s $35,000 more now than it was two years ago just because of lumber.  Iron ore, house prices, grains, food and you name it, we’ve got inflation going on.  At the same time, we have an apparent labor shortage.  All these companies are coming out and saying we would love to take on all the business we are being offered to us, but we don’t have enough people.

Even Uber and Lyft cannot find enough drivers.  It’s weird it is happening this soon, but we should not be surprised since we dumped tens of trillions of dollars into the economy over the past year.  This is what you would expect if you get the money supply going up 30% or 40%, which it did.  This is what you get.

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The Everything Bubble [Video]

RubinoGreg Hunter – Financial writer John Rubino says massive unpayable debt has already bankrupted America, and when this happens, politics are also massively corrupted.  Rubino explains, “When you bankrupt your country, your politics are inherently corrupted by that bankruptcy, and that’s what is happening to us.  We created a financial system . . . that is run by an aristocracy.

It’s not a Right/Left, liberal, socialist or conservative aristocracy.  Look at JPMorgan Chase, Google and General Dynamics.  Look at Mitch McConnell, the big Republicans and the big Democrats.  They are not socialists, and they are not capitalists–they’re aristocrats.

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Scarier More Dangerous Market Crisis Blowing Up Now [Video]

rubinoGreg Hunter – Financial writer John Rubino says the currency crisis happening in Turkey is a stark reason for owning something a government can’t print more of at will. Rubino points out, “The function of gold and silver is to protect you against government mismanagement of your currency.

The emerging market countries (including Turkey) have screwed up their money. They borrowed a lot of U.S. dollars at low interest rates when the dollar was falling. They expected the dollar to keep falling and pay back their loans in ever cheaper dollars, but the dollar went the other way. So, now their loans are unpayable. Their currencies are blowing up, and you are seeing gold and silver rise in local currency terms. In other words, precious metals are protecting the citizens of those countries against financial mismanagement.”

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