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Geopolitics & Empire

John Rubino: Converging Crises Point to Global Financial Collapse

Geopolitics & Empire

Geopolitics & Empire

News, Politics, Government, History

4.2570 Ratings

🗓️ 31 August 2017

⏱️ 21 minutes

🧾️ Download transcript

Summary

Author John Rubino gives a macro overview of economic indicators that point us toward a financial crash as early as 2018 or 2019 which even China won’t escape.

Show Notes

High-Profile Sectors Start to Roll Over

Dumb And Dumber – Money Keeps Pouring In

The Perfect Crash Indicator is Flashing Red

Websites

Dollar Collapse

Books

The Money Bubble: What To Do Before It Pops

The Collapse of the Dollar and How To Profit From It

Clean Money: Picking Winners In The Green Tech Boom

About John Rubino

After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s 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.

He is the co-author, with GoldMoney’s James Turk, of The Money Bubble (DollarCollapse Press, 2014) and The Collapse of the Dollar and How to Profit From It (Doubleday, 2007), and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street (Morrow, 1998).

*Podcast intro music is from the song “The Queens Jig” by “Musicke & Mirth” from their album “Music for Two Lyra Viols”: http://musicke-mirth.de/en/recordings.html (available on iTunes or Amazon)

Transcript

Click on a timestamp to play from that location

0:00.0

On this edition of Geopolitics and Empire, we broadcast from our new home in Central Asia on the New Silk Road.

0:06.3

We'll be talking about the ever-approaching economic crash with trader and analyst John Rubino, the founder of dollarcollapse.com, and author of numerous books, the latest being the money bubble, what to do before it pops.

0:19.3

It's been a few years since we last spoke, John.

0:21.9

Welcome and good to talk to you again.

0:23.9

Good to talk to you too, Herboye.

0:26.5

It's been now almost a decade since 2008.

0:30.9

Governments seem to have successfully been kicking the cans down the road

0:34.7

with no major economic downturns thus far, apart from damage caused

0:39.7

by natural disasters such as what happened in Fukushima and Hurricane Harvey currently,

0:45.0

or Washington's perpetual wars and the slow-dying economy in places such as Southern Europe.

0:51.4

Gold hasn't dropped the $1,000 line. It's been holding steady. Housing seems

0:56.2

ready to collapse in some places, such as Canada and Australian real estate is still holding its

1:02.0

own. Stocks are high. Bitcoin has gone to the moon. I feel that we are in the calm before a storm.

1:08.0

You've recently mentioned on your site the rollover of high profile

1:12.0

sectors and some unique indicators you pointed out, such as RV sales signaling, crashing,

1:18.6

or slowing economy. Can you take us on a tour of the economic wasteland starting with which

1:24.1

indicators you find most intriguing? Well, the thing to understand about today's world is that you can maintain an unsustainable

1:35.9

lifestyle for quite a while if you have access to cheap money.

1:40.2

And the major countries of the world are able to borrow very cheaply right now.

1:44.5

So they can continue to spend too much, to borrow too much, to create too much leverage without blowing up any of their local economies.

1:58.1

But that can't go on forever.

2:00.4

You know, eventually you build up so much debt that it, it becomes unmanageable and the

...

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