Sunday , 20 August 2017


What Could – What Will – Pop This “Money Bubble”?

John Rubino, author of the new book “The Money Bubble,” sums up the ongoing global financial problems thisdollar bubbles way: “There is too much debt…Debt works the same way for a country as it works for an individual or a family, which is to say if you borrow too much, then your life basically craters. Everything gets harder to do, and you end up doing things in order to deal with your past mistakes that you would never do normally. You start trying absolutely crazy things, and that’s where the world’s governments are right now…We are doing all these things that are essentially con games and getting away with it so far, because a printing press is a great tool for fooling people. I don’t see how we can get away with it too much longer.”

The above are edited excerpts from an article/interview* by Greg Hunter (USAWatchdog.com) with John Rubino entitled Money Bubble Will Pop.

The following article is presented courtesy of Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) and   www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and has been edited, abridged and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.

The post goes on to say in further edited excerpts:

What Could Blow Everything UP?

Rubino says,“If gasoline goes to $5 a gallon in the U.S., which it could easily, that’s like a massive tax increase. This would come at a time when things are not that good and consumers are starting to borrow more and more money again. Governments are already deeply in debt. The derivatives markets are marching towards quadrillion dollars of notional value. The system is incredibly fragile because we borrowed too much money. . . . which causes us to do crazy things to prevent this fragility from turning into a 1930’s style depression or a Weimar Germany hyperinflation. That’s really where we are right now.”

What could pop this “money bubble”? 

  • The Middle East could be the catalyst that blows everything up.
  • Derivatives could blow everything up.
  • A currency crisis in Japan (with its insanely high debt) could reverberate around the world.

There are big problems everywhere you look.

Public Compliancy

On the subject of public compliancy with an enormous financial system that has never been fixed, Rubino explains,Most people sense that something is wrong. They don’t think the country and world are being run right, but it has been going on for a very long time. They are questioning whether it could go on forever. They have been hearing these gloom and doom predictions for a very long time, and they haven’t played out yet. The reason for that is a printing press is an amazing tool for fooling people.

What do you do before the “money bubble” pops?

“The first thing you want to do is avoid dependence on these fiat currencies. That is the epicenter of this latest biggest bubble. You want to swap you financial assets, like bank CD’s, into hard assets like gold and silver and, if you are able to,  farm land . . . things that represent real wealth that governments cannot create in unlimited quantities. This insulates you from the government’s ongoing policy of making the dollar less and less valuable each year,” says Rubino.

What’s Coming

Rubino goes on to say,

  • Social unrest is basically guaranteed. If you look around the rest of the world, you are seeing it, and that . . . will happen on some scale here.
  • We will see variations on wealth taxes and other types of wealth confiscation going forward and governments completely run out of money and lose the ability to just print money.

You should absolutely have some precious metals on hand. That is the most risk free asset you can acquire. That’s the real money.

Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

*http://usawatchdog.com/money-bubble-will-pop-john-rubino/#more-12398 (© Greg Hunter’s USAWatchdog; See video of interview here)

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One comment

  1. Whatever IT is, when it happens it will either happen slowly or quickly and depending upon what sped IT happens, investors will either have little or NO time to respond!

    To me that is the biggest reason to consider adding some PM to the portfolio’s you administer!