{"id":65017,"date":"2023-02-14T06:38:45","date_gmt":"2023-02-14T11:38:45","guid":{"rendered":"https:\/\/olduvai.ca\/?p=65017"},"modified":"2023-02-14T06:38:45","modified_gmt":"2023-02-14T11:38:45","slug":"global-debt-death-spiral-john-rubino","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=65017","title":{"rendered":"Global Debt & Death Spiral \u2013 John Rubino"},"content":{"rendered":"
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Global Debt & Death Spiral \u2013 John Rubino<\/a><\/h3>\n<\/header>\n
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Analyst and financial writer John Rubino says we\u2019re are in a \u201cdebt and death spiral\u201d that will force dramatic changes on the world.\u00a0 Rubino explains, \u201cThe debt spiral part of this means things from here continue to get worse and worse for the big currencies of the world until they die.\u00a0 In other words, until people lose faith in them, refuse to use them and hold them anymore until their value falls to their intrinsic value, which is zero.\u00a0<\/span>That manifests to hyperinflation.\u00a0 The value of the currency falls as opposed to the things you buy with it. . . . Things feel basically okay for a long time as long as governments could force interest rates down to really low levels.\u00a0 The side effects of that are massive money creation and, eventually, inflation.\u00a0 That\u2019s what we are dealing with now.\u00a0 So, here we go.\u00a0 Welcome to the end game for the world\u2019s big currencies.\u201d<\/p>\n

Rubino contends things have gotten so out of control that there is no stopping what is coming.\u00a0 Rubino says, \u201cWe are in the part of the cycle now where things just get worse, and there is nothing we can do about it.\u00a0 You are going to see companies that have borrowed huge amounts of money to buy back their stock, and now they see their interest costs explode.\u00a0 Governments around the world have the same problem, and there is nothing central banks can do about this.\u00a0 The next stage of this is when everybody realizes that there is no fix.\u00a0 Daddy is not going to come home and take care of all of this, and there is no adult supervision.\u00a0 The financial markets are basically on their own with so much debt that there is nothing left to do…<\/p>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Global Debt & Death Spiral \u2013 John Rubino Analyst and financial writer John Rubino says we\u2019re are in a \u201cdebt and death spiral\u201d that will force dramatic changes on the world.\u00a0 Rubino explains, \u201cThe debt spiral part of this means things from here continue to get worse and worse for the big currencies of the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,379,8757,431,7544,534,9699],"class_list":["post-65017","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-government","tag-greg-hunter","tag-interest-rates","tag-john-rubino","tag-monetary-policy","tag-usa-watchdog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65017"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65017\/revisions"}],"predecessor-version":[{"id":65018,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65017\/revisions\/65018"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}