John Rubino: The Fiat Currencies Are Dying Slowly

Please subscribe with WS4MS at our web site at www.wallstformainst.com Wall St for Main St welcomed back John Rubino! He is the editor of Dollarcollapse.com and co-authored The Money Bubble with James Turk. In this pdocast, we discussed the recent annoucement by G7 to include the Chinese Yuan in the SDR and implication it will have on the dollar and the gold market. Plus, we talked about the devaluation of the Yen and if it will bring deflation to the U.S. economy. Plus much more! Follow Jason Burack on Twitter @JasonEBurack Follow Mo Dawoud on Twitter @m0dawoud Follow John Manfreda on Twitter @JohnManfreda Follow Wall St for Main St on Twitter @WallStforMainSt Also, please take 5 minutes to leave us a good iTunes review here! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat, Bitcoin, gold or silver, Wall St for Main St accepts donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it!

Comments

1. This dude does not abide.
2. Can they not half the islands? That is one of the first things we teach very little ones when they argue over toy's or lollies or what ever ,we can as adult's negotiate an agreement with them and want them to learn this important lesson so they can get on in life. Funny how we forget.
3. Welcome to the machine - Pink Floyd
     Money - Pink Floyd
   
   
   Sympathy for the Devil - Rolling Stones
   
   Blue Collar Man - Styx
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   Piggies - Beatles
    
   Pigs - Black Sabbath
     ·
4. War. All the congressmen & presidents that voted for any type of war shall send one of their own children or some other close relatives goes to war. Not just to Army but in real combat. If politicians thanks that war worth fighting. Then they should send their own children to fight it I did not vote for war. Until you political oligarchs are willing sacrifice your own children do not ask me to sacrifice my child or grandchild. USA have not fought for freedom since WWII. I think if they make this into law there will be no more wars.
5. The end of QE caused a short squeeze on the USD. Did you see the spike in the USD index? Not so much free money out there. And now any rate increase will cause an even bigger short squeeze on the USD. A rate hike will further slow down the economy making it harder to get hands on USD and also mean that debtors will need to come up with more USD to pay that now increased interest payment. The huge debt and interest hike is going to cause a huge short squeeze on USD. Governments that hold all that debt especially developing countries will be over the barrel. Corporations and individuals the .01% which have huge stashes of cash will go on a buying spree buying up assets for pennies on the dollar as countries have to sell off their assets to pay their bills. The question is who owns the debt? The ones who own the debt will own the world as equities will have to be swapped for that debt. All of this will strengthen the USD as reserve currency not weaken it. Asia is trying to create an alternative currency not because the USD will fail. They are trying to create an alternative currency so that they can escape the bear trap.
6. Challenge the dollar?  That won't be too hard given the Feds and CONgress and the fascist ruining the country...excuse me already ruined the country...we are morally bankrupt and past the point of no return and therefore under God's WRATH OF ABANDONMENT (see Romans 1_18-32...we turn away from his morality and he lets us go our own way and it is quite obvious as to the end result.  Just look around at every aspect of society.
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   Good interview and really like Mr. Rubino and his insights.
7. Consider national default gos after bank deposits to pay down dept, lowering available capitol throughout the populous. True deflation with less capitol seeking the same goods and services. prices go down across the board. This is the analogy of Harry Dent with gold at 700ozt. I assume gold maintains or most likely improves purchasing power relative to today's prices,,,, gle