Financial Survival Network, Released on 7/21/20
ECONOMY: Cities are shutting back down. Group of 20 statement predicts big contraction in the balance of the year. Is this a double dip depression? Do stock prices depend on a return to normal? What happens if that is delayed or canceled?
PRECIOUS METALS: Money is pouring into the gold/silver mining stocks Silver continues to outperform gold
BROKERAGE INDUSTRY: 20,000 Robinhood traders are in for rude surprise as mall operator CBL goes bankrupt Bigger issue for brokers: stock trades are now free – How are the big brokers making money and what happens if one of them fails?
EPSTEIN AND OTHER STUPID STUFF: The son and husband of the judge in the New Jersey case shot execution style. Florida man wrecks his motorcycle and state blames his death on Covic-19. GA governor is ordering cities not to mandate masks… political hypocrisy (Trump claimed to be in charge of state virus policy and the MSM went nuts. Now they’re lamenting the lack of a national policy)
Twitter bitcoin hack: Funny on several levels.
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney’s James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980’s on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990’s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.