Financial Survival Network, Released on 9/26/22

• Now they’re running out of wood
• Pound Sterling crashed to USD 1.04 overnight, down from $2 in 2007
• British 10-year bond now yields 4.2% up from .78% at the end of 2021.
• Euro is at .97, down from 1.57 in 2008
• Far-right leader Giorgia Meloni is new Italian PM. She is awesome.
• MEANWHILE, IN THE US DOLLAR INDEX 112.95 HIGHEST SINCE 2002
• Equities are in a bear market. Tens of trillions of dollars of paper wealth being wiped out worldwide.
• House prices are about to crash. Illustration of how unafordable houses are at todays’ prices and mortgage rates:
• Commodities, including gold and silver, are getting crushed. Which means inflation is over in the US.
• Put another way, the strong dollar is letting us export our inflation to the rest of the world.

John Rubino is the founder 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.