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» john rubino

  • The Soaring Dollar Debate: Good, Bad, Ugly
    By on October 12, 2014 | No Comments  Comments
    The dollar is on a tear. And the world is scrambling to figure out what it means. Beginning with the always-interesting Martin Armstrong in a recent Financial Sense interview: “I know a lot of people that hate the dollar, but you have to understand the dollar is really only the game in town. Yes...
  • Money Bubble Predictions Coming True – Part I: ...
    By on October 11, 2014 | No Comments  Comments
    In The Money Bubble: What To Do Before It Pops, James Turk and I climb out on some long, skinny limbs with a series of extreme predictions. Now it’s time to start tracking the ones that are (or seem to be) working out, beginning with increasingly wild swings in US equities: Chapter 26, page 294: ...
  • Does Surging Demand for Gold and Silver Coins Signal ...
    By on October 7, 2014 | No Comments  Comments
    Reports of individuals snapping up near-record numbers of gold and silver coins are coming in from around the world: U.S. Mint American Eagle gold coin sales set to rise sharply in Sept (Reuters) – The U.S. Mint has sold nearly 50,000 ounces of American Eagle gold coins so far in September, almos...
  • Are Cars About To Crash?
    By on October 6, 2014 | No Comments  Comments
    New car sales have been one of the bright spots of the US recovery. And they’re still at it: September U.S. auto sales to rise 10 percent: JD Power, LMC (Reuters) – Strong demand drove U.S. new car and truck sales 10 percent higher in September, adding momentum to the industry’s best August i...
  • Why Isn’t Housing A Bubble?
    By on September 30, 2014 | No Comments  Comments
    In his book The Postcatastrophe Economy, iTulip’s Eric Janszen notes that financial bubbles don’t repeat. That is, yesterday’s bubble is never tomorrow’s because hot money likes to chase the next big thing, not the last big thing. Which explains how US equities, government bonds, fine art, a...
  • The Depression, World War II, And What They Really Me...
    By on September 21, 2014 | No Comments  Comments
    Nearly a century after the fact, the Great Depression remains THE object lesson for virtually every branch of economics. To monetarists the fact that the US money supply fell by nearly a third in the 1930s illustrates the need for a central bank to maintain steady money growth. To Keynesians the Dep...
  • Full Frontal Inflation
    By on September 17, 2014 | No Comments  Comments
    By now it’s an article of faith within the sound money community that most major countries have borrowed so much that they’re left with only two options: default on their debt through mass-bankruptcy and a new Great Depression, or inflate it away through stepped-up currency creation. This is an ...
  • Real Interest Rates and Future Chaos
    By on September 15, 2014 | No Comments  Comments
    The folks at Gresham’s Law just published a nifty interactive chart of real (i.e., inflation-adjusted) interest rates since the 1960s that explains a lot about today’s world. To make sense of this, let’s start with a a little background: Interest rates are the rental cost of money, but to f...
  • A World Without Fractional Reserve Banks and Central ...
    By on August 29, 2014 | No Comments  Comments
    Excerpted From The Money Bubble: What To Do Before It Pops by James Turk and John Rubino: In a very real sense, it is fractional reserve banking and not money itself that is the root of so many of today’s evils. Whenever fractional reserves are permitted, the banking system – including the one t...
  • Europe Is Tanking, QE Is Coming
    By on August 20, 2014 | No Comments  Comments
    Last year the world kind of forgot about Europe. After ECB head Mario Draghi vowed to “do whatever it takes” to get the Continent growing, the markets calmed down, money got cheap and plentiful and functionally-bankrupt countries like Greece, Italy and Spain stopped making scary headlines. To th...
  • Variable-Rate World, Part IV: Japanese Home Buyers Up...
    By on August 20, 2014 | No Comments  Comments
    Everyone knows that Japan deeply is in debt and one way or another is going to suffer for it. But for those who thought the story couldn’t get any worse, well, the creativity of the financial repressors never ceases to amaze. It turns out that, in addition to a government that borrows way too much...
  • They’re Lying To Us, Part V: Fake Credit Scores
    By on August 19, 2014 | No Comments  Comments
    Like any other weak-willed entity, an over-indebted country eventually finds that formerly-easy things get harder to do. Today, for instance, banks are having trouble attracting customers with the kinds of credit scores that meet previously-set criteria for mortgages and car loans. As a result they...

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