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.<\/p>\n
CHAPTERS:<\/strong> SOURCES:<\/strong><\/p>\n https:\/\/rubino.substack.com\/<\/a><\/p>\n https:\/\/www.nbcnews.com\/business\/economy\/stagflation-us-economy-what-is-it-are-we-there-rcna150275<\/a><\/p>\n https:\/\/www.reuters.com\/markets\/asia\/bank-japan-intervenes-10-year-jgb-yield-hits-new-decade-high-2023-10-20\/<\/a><\/p>\n https:\/\/www.amazon.com\/Coming-Collapse-Dollar-How-Profit\/dp\/0385512236<\/a><\/p>\n https:\/\/fred.stlouisfed.org\/series\/CUUR0000SA0R<\/a><\/p>\n https:\/\/rubino.substack.com\/p\/gold-porn-part-1-gold-bugs-are-suddenly<\/a><\/p>\n https:\/\/rubino.substack.com\/p\/how-far-can-the-yen-fall-before-japan<\/a><\/p>\n https:\/\/www.gold.org\/goldhub\/data\/gold-reserves-by-country<\/a><\/p>\n https:\/\/fred.stlouisfed.org\/graph\/?g=rocU#<\/a><\/p>\n https:\/\/www.statepress.com\/article\/2023\/04\/desert-financial-credit-union-named-asu-official-bank<\/a><\/p>\n
\n00:00 Dollar collapse
\n4:00 U.S. dollar reserve currency
\n6:22 Economic repercussions
\n9:59 Gold reserves
\n13:54 China gold purchase
\n15:44 Japan\u2019s trouble
\n18:04 Consequences of trusting the government
\n21:31 Gold
\n27:18 Housing purchasing
\n29:09 Concluding words<\/p>\n