Global Economic Collapse: John Rubino – All Hell Breaks Loose When Everything Falls Apart, Fed Fears Next Crash Fatal. Excellent video.
November 17, 2019 by IWB
(Night Watchman Note: Overlook the host’s first couple of minutes intro. He rambles a bit. The ‘guest’ speaker (I believe is John Rubino) has a good way of explaining difficult financial concepts in a ‘common-sense’ / ‘common-man’ language. In my discernment, he does a good job explaining what is seriously wrong with the international financial system and the extreme risks confronting international markets. His comments should make sense to ‘money people’ and ‘business people’. One… of my backgrounds is that I have an MBA in International Business and Studies. I agree with his comments.)
Financial writer and book author John Rubino points out, “Fear is the enemy in a fiat currency system. Everything is based on our assumption that the guys in charge know what they are doing and that the confidence in them is good. You take that away, and they let us see them sweat, and it’s over. There is no real bottom for the dollar, euro or the yen. Their intrinsic value is zero. When the economic players out there in the global financial system realize that the central banks of the world are out of ammo, and nothing these guys do is going to fix our problem, then all hell breaks loose. . . . What worries me about today’s world is that everything falls apart all at once, and there is no way to fix what went wrong. . . .We have a lot of examples of governments doing crazy things when everything falls apart.”
Categories: Economic Collapse