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.
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📖 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
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41 Comments
Why run a system like this when it's clearly flawed or rigged? Smh. Foolishness can only go on for so long until it crashes.
The extent to which this system is broken, blows my mind. There’s so much talk, but when the collapse actually comes, it’s going to be absolute chaos.
There is a lot of talk of the Dollar losing its reserve status but we all know this won’t eventuate. You can’t unscramble this egg…
Biden is such an aggressive war hawk, Genocide Joe for Israel, NATO Expansion Proxy War in Ukraine and Bellicose Joe "on behalf" of Taiwan…. that we're seeing collapse of any US goodwill toward us and leading us down an economic hellpath. Biden is a disaster for the US economically.
“Toss a gold coin in my Costco purchase”. Yeah ok buddy lol
👍
😊👍💰👍
In Hawaii.. hpuses is averaging a million plus..
John is The Man. I’m shocked this is his first time on your show, Daniella!
Goldmans Sacks just found guilty of manipulation. Took yrs through coury
I was farming until 1980 at which time I went bankrupt with 22 percent interest.
where does the chart of chinese gold reserves come from?
Please, a program on how to store it.
Could the govenment make it illegal to own gold? Didn't this happen at one time?
It's all a game until the serious stuff starts.
If the US is on the slippery slope and inevitably losing dollar dominance, then maybe resort to rewarding dollar usage, but don’t punish the non-use. Punishing is simply counter productive in that it’s a self full filling tactic that will just strengthen the resolve of those who break away.
hopefully we get a german art school dropout to lead us out of this mess and fix the problems that plague our government especially the financial system
Damned if you do and damned if you don't
Gold is money🕺🏼, everything else is credit😩 JP Morgan
Great interview. The garden in the backyard doesnt sound too bad.
Gold is the World 🌎 Reserve Currency……
The USA is broke there is no way to pay the massive debt back. The Congress is not going to do anything to fix the problem neither side wants to make the changes necessary to cut spending. The dollar will go down just like all the other fiat paper money has through out history
Japan is the sole owner of its debt.
The question is who is in a worse situation, the USA or Japan?
"And please don't tell me, fiat, fiat, fiat." 🤣
Ever wondered what makes fiat currencies, fiat? It's called the military.
How many aircraft carriers does the US Navy currently operate, 12? I'd say if the first 1 or 2 were sunk at sea, the USD will skyrocket; but if 3 or 4 followed after to the bottom of the ocean and it became evident the US is losing the war, you'll see sharp increase in dollar volatility (capital controls will probably kick in at this point); when missiles start raining down on US cities, that's when he'll (finally) see the dollar collapse he's been hawking.
Or if a civil war – the real thing – broke out in America; but the odds of that are still very small.
Remember in the Book of Revelation (Apocalypse), Babylon was destroyed in one hour. ✝️
Get off your high horse guys, the US is now like Mike Tyson, he would lose against a 20 year old dude because he is old. The US is not the richest country, because you are comparing a dude who owes $5 millions dollars against another dude who has$500,000 in cash.
Daniela, I have a good quote for you about fiat currencies floating against each other… Fiat currencies are like ships on the ocean. They are all sinking but some are sinking faster than others.
US is the most indebted country in the Universe by a long shot.
The Euro 💶 is super duper strong 💪💪🧙♂️👌
I would buy a small plot of land and build my own house with my own hands. Natural material homes are not mud huts you can actually build pretty good quality home with cob. under 100K.
Thats exactly what all Nations and all People are tired of, that the US missuse their unique Position as World Reserve Currency provider. And something like this "punishment" will coming, thats with guarantee backfire to the US.
By themselves they used to say, they have no friends, they have only interests. May it would be better once to behave orherwise if the US carry on that way, they will find rhem allone and nobody want to have anything to do with them. It won't last till eternety, that you can live on cost of all others by exporting your inflation and your fake money with your USD.
Great conversation! I really enjoy hearing from John.
👍🏼👍🏼
come on. don’t waste our time. the world is not falling apart.
Me thinketh exactly John summarized it all in the first five minutes., countries like the US (or as The Bible calls them, the SeventhAngloAmerican, and LastPower) arrogantly believe …….they have the right to rule!@!?🤑🤪🤪🤪
✨️🇺🇸✌️
Great interview
Have him back please. We need his ideas on storage!!!
John is great, but no one buys Gold at Costco as an "impulse buy".
What a great guest! I really enjoyed meeting John!!
Yes, Rubino wrote his book twenty years ago, but if one looks at the Dollar's loss of value in that past twenty years one could easily make the case that it illustrates an ongoing collapse. As many have said, "little by little and then all at once." Be prepared, protect yourself and reduce your Dollar exposure as much as possible.
He’s wrong, buying gold is political. Gold is the 180 of the USD
Great discussion thxu. Glad to see John on your show