“Extreme” Times Right Now, Worse than 1970s, Dollar Collapse is Next
John Rubino, former Wall Street financial analyst, author, and founder of DollarCollapse.com, sounds a stark warning: ‘People who are hurt by the inevitable results of this process are the ones who trust the government.’ In his sobering analysis, he outlines a bleak future for the U.S. economy, where mounting debt and escalating interest costs cripple the government’s ability to provide for its citizens. The repercussions? A widespread suffering for those dependent on government aid. Rubino points to Japan’s struggle with a plummeting yen and soaring interest rates as a cautionary tale of the perils of unchecked debt. In the face of such financial uncertainty, he urges individuals to safeguard their assets by investing in gold and silver.
CHAPTERS:
00:00 Dollar collapse
4:00 U.S. dollar reserve currency
6:22 Economic repercussions
9:59 Gold reserves
13:54 China gold purchase
15:44 Japan’s trouble
18:04 Consequences of trusting the government
21:31 Gold
27:18 Housing purchasing
29:09 Concluding words
SOURCES:
https://www.nbcnews.com/business/economy/stagflation-us-economy-what-is-it-are-we-there-rcna150275
https://www.amazon.com/Coming-Collapse-Dollar-How-Profit/dp/0385512236
https://fred.stlouisfed.org/series/CUUR0000SA0R
https://rubino.substack.com/p/gold-porn-part-1-gold-bugs-are-suddenly
https://rubino.substack.com/p/how-far-can-the-yen-fall-before-japan
https://www.gold.org/goldhub/data/gold-reserves-by-country
https://fred.stlouisfed.org/graph/?g=rocU#
https://www.statepress.com/article/2023/04/desert-financial-credit-union-named-asu-official-bank
