John Rubino: Converging Crises Point to Global Financial Collapse
Geopolitics & Empire
Geopolitics & Empire
4.2 • 570 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
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
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| 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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