Financial writer John Rubino says massive unpayable debt has already bankrupted America, and when this happens, politics are also massively corrupted. Rubino explains, “When you bankrupt your country, your politics are inherently corrupted by that bankruptcy, and that’s what is happening to us. We created a financial system . . . that is run by an aristocracy. It’s not a Right/Left, liberal, socialist or conservative aristocracy. Look at JPMorgan Chase, Google and General Dynamics. Look at Mitch McConnell, the big Republicans and the big Democrats. They are not socialists, and they are not capitalists–they’re aristocrats. They are mainly interested in a system where the rules apply to you and me but do not apply to them. . . . You need to view those guys as Dukes and Duchesses whose main job is to maintain power over the peasants, then their behavior makes complete sense. . . . Seeing them that way makes their motivation and behavior pretty much crystal clear.”
Rubino contends, “This won’t change. You’ve got to have all the peasants grabbing their pitch forks and heading to the castle before it changes. In the meantime, we are stuck with this system, and it has given us the biggest financial bubble in human history. That sounds like hyperbole and click bait, but it’s actually not. If you look at the big financial bubbles we have lived through, junk bond bubble . . . tech bubble and then the housing bubble, they were sector specific financial bubbles where one asset class just blew up. They became the center of a mania, crashed and almost took down the whole economy. We now have at least four and maybe five bubbles of that magnitude all going at the same time. That’s why they call it the ‘Everything Bubble.’ . . . When this thing blows, it’s not just going to be one sector tanking. It’s going to be all the sectors tanking at once. It’s going to be astounding. I wouldn’t want to be Joe Biden when that happens. . . . This is going to be an impossible thing to govern.”
Rubino warns, “When it becomes obvious that there are no tools to fix any of these markets that are blowing up, that shifts the attention over to currencies. Because if we can’t fix the financial markets, why would we want to hold these currencies when everything in these financial markets that these currencies kind of govern are going crazy? So, when this thing blows up, it will shift the pressure over to the dollar. Thus, this is the whole DollarCollapse.com thing. Nobody is going to want to hold the dollar or the euro or the yen. It won’t matter what the governments do because there will be nothing effective for them to do. That’s when things get really crazy, and people will be glad they have gold and silver among a handful of other things. It’s completely possible we end back up on a gold standard in 10 years with gold at $10,000 per ounce. If you are a stacker, this chaos is less terrifying to you because you know your financial life is going to be okay no matter what happens to housing, tech or whatever. . . . We think we have lived through some tough times in the financial markets, but we have never seen anything like what is coming.”
What bothers me is, they have a plan, they have a system ready to turn on as soon as this one is collapsed.
i am sure many of us are aware of what this system will look like.
“The best laid plans of men and mice”. Perhaps the NWO Globalist “Plan” doesn’t “work” as they think it will.
It’s still going to be a disaster no matter what happens. CYA and “Our” plans are probably totally inadequate as well.
“If you are a stacker, this chaos is less terrifying to you because you know your financial life is going to be okay no matter what happens to housing, tech or whatever.”
Let’s see. The “aristocrats” (which are really just the managers for the ones that really rule this country) have destroyed the economy, completely disenfranchised anyone guilty of bad thought, control every aspect of communication, control the food supply, control “health” services, control your children’s education, have front men (and now transgender females) in churches telling you evil is good, and so on. What makes you think they will allow anyone outside of their club to own gold and silver? I mean, they’ll soon remove firearms from the peasants, and that’s a constitutional right. FDR stopped the plebs from owning gold. Just take it a step further and they can take your precious metals, for the “good of the country”, of course.
I don’t think these metals guys understand what is happening. They believe there will be a functional country that they can buy things with their protected wealth. Not going to happen. The death rate will be astronomical. We won’t have a country. We won’t have modern society with creature comforts. A very few at the top might. Not those outside the big club (even if you prep well).
John Rubino needs to talk about former President Trump and his budget disaster left behind:
“Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years”—
https://www.propublica.org/article/national-debt-trump
Nonsense. He just used up their fake money to do a few good things before the crash. You know, prepping.
Don’t waste you time replying to greg. He is just a lonely guy with issues. Ignore him and perhaps he will seek attention elsewhere.
We all need to ridicule leftist thought whenever possible. Much of it is ridiculous, so get the whole country laughing at them.
This Scenario has been ‘played out’ a hundred Times before in Europe. The (((parasites))) get Control of governments, get the governments to Endorse their ‘fiat paper money’, use That to Buy Up all the Gold, Land, and other Tangibles, and then when the ‘economy’ Fails due to the Valueless paper money, (((they))) claim Ownership of Everything, by way of the”Debt”.
This Time, however, the sheer Complexity of this Technological Society will Not Survive the ‘collapse’, no matter how well (((they))) think it will. All the Technology needed to administer an Electronic Slave State is in the hands of the ‘deplorables’ they wish to rule over. It only takes a Tiny Few numbers of Individuals to Collapse the Power and Communications Grids, and then the (((parasites))) have Nothing to Control.