Financial Survival Network, Released on 9/3/21
- National Emergency – McDonalds’ milk shake machines are broken and can’t get fixed.
- Huge job miss today and GDP estimates are being scaled back.
- This has become an administration of misses. Across the board loss of confidence.
- We discussed rising commodity prices. Some of the numbers were absolutely staggering and downright scary. Natgas up 118%. gasoline 85% and the list goes on and on.
- In a fiat based system loss of confidence is can be fatal, just like the 1970’s. Back then we had double digit interest rates and much less debt.
- Can tech bail us out, while we’re blowing up the economy? Finance will swamp technology in the short run.
- Prepare yourself now. It’s coming.
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.