{"id":66201,"date":"2023-11-20T10:50:54","date_gmt":"2023-11-20T15:50:54","guid":{"rendered":"https:\/\/olduvai.ca\/?p=66201"},"modified":"2023-11-20T10:50:54","modified_gmt":"2023-11-20T15:50:54","slug":"u-s-financial-death-spiral-john-rubino","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=66201","title":{"rendered":"U.S. Financial Death Spiral \u2013 John Rubino"},"content":{"rendered":"
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U.S. Financial Death Spiral \u2013 John Rubino<\/a><\/h3>\n
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Analyst and financial writer John Rubino has a new warning about being fooled into thinking the economy is improving because inflation and interest rates have fallen some recently.\u00a0 Rubino says, \u201cIf the U.S. government is running crisis level deficits, which it is right now, borrowing money and paying interest on it means we are in a financial death spiral.\u00a0 The debt goes up, the interest on the debt goes up and that raises the debt even further, and you just spiral out of control.\u00a0 We are there right now.\u00a0 The official U.S. debt is $33.5 trillion.\u00a0 It\u2019s growing by $1.7 trillion a year, and $1 trillion of that is interest costs.\u00a0 Interest costs are rising as the overall debt goes up.\u00a0 Then throw in this incredibly reckless military spending in the guise of foreign aid, and you get a society that has completely lost control.\u00a0<\/span>That\u2019s where we are now.\u00a0 We are in the blowoff stage of a 70-year credit super-cycle.\u00a0 Those things do not end with a whimper, and they certainly do not end with a soft landing.\u00a0 They end with a bang, and the bang is going to be centered on the currency.\u00a0 People are going to look at this and say, \u2018Do I really want to hold the currency or bonds of a country that is destroying its finances at this trajectory and this scale?\u2019\u00a0 The answer will be \u2018No.\u2019\u00a0 At that point, it is game over for a deeply indebted economy.\u00a0 We are headed that way fast, and these wars are taking us that way even faster.\u201d<\/p>\n

If the Fed keeps raising interest rates, the economy tanks, but you protect the dollar.\u00a0 If you cut interest rates, you spike inflation even more, and the U.S. dollar tanks.\u00a0 Rubino says in the end, we get a \u201cmassive reset,\u201d and the everything bubble explodes.<\/p>\n

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

U.S. Financial Death Spiral \u2013 John Rubino Analyst and financial writer John Rubino has a new warning about being fooled into thinking the economy is improving because inflation and interest rates have fallen some recently.\u00a0 Rubino says, \u201cIf the U.S. government is running crisis level deficits, which it is right now, borrowing money and paying […]<\/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":[195,2624,379,8757,431,7544,534,9699],"class_list":["post-66201","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-deficits","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\/66201","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=66201"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66201\/revisions"}],"predecessor-version":[{"id":66202,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66201\/revisions\/66202"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}