Financial Survival Network, Released on 3/24/20
It was always going to happen, the catalyst was the shock. Who would have thought a pandemic would trigger the global financial collapse. Early Monday morning the Fed announced the largest QE program in history. It’s unlimited, literally infinite. Free money is on it’s way. Helicopter money is on its way. Free money is coming to you soon. There’s time to wait to get it right. The people in charge are the Herbert Hoovers of our day. They have unlimited funny money to play around with. Just hit a key and the money shows up. The money itself is meaningless. There’s a point at which the money being dumped into the economy will affect the value of the currency. We’re getting there.
If you’ve raised a lot of cash and it’s just sitting there, you’ve got to be thinking about inflation. Some of that cash is going to flow into precious metals. People sold everything to get their hands on cash and now some of that cash is flowing back into gold and silver.
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.