{"id":66943,"date":"2024-03-11T06:23:53","date_gmt":"2024-03-11T11:23:53","guid":{"rendered":"https:\/\/olduvai.ca\/?p=66943"},"modified":"2024-03-11T06:23:53","modified_gmt":"2024-03-11T11:23:53","slug":"eventual-financial-death-spiral-now-imminent-john-rubino","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=66943","title":{"rendered":"Eventual Financial Death Spiral Now Imminent \u2013 John Rubino"},"content":{"rendered":"
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Eventual Financial Death Spiral Now Imminent \u2013 John Rubino<\/a><\/h3>\n<\/header>\n
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\"\"<\/a><\/strong>Analyst and financial writer John Rubino warned nearly four months ago of a\u00a0\u201cU.S. Financial Death Spiral.\u201d\u00a0<\/strong><\/a>\u00a0This past week, Bank of America caught up to Rubino and issued a warning about a \u201cUS dollar death spiral\u201d because the federal government was going deeper in the red by creating\u00a0\u201c$1 trillion in new debt every 100 days.\u201d\u00a0<\/a>\u00a0Maybe this is why gold and Bitcoin have been hitting new all-time highs day after day.\u00a0 Rubino says, \u201cWhen a building was worth $200 million and someone sells it for $48 million, that means there is a loss that someone has to take.\u00a0 Those losses are mostly on the books of regional and local banks.\u00a0 So, they are in big trouble financially. . . .\u00a0<\/span>You will get these massive bank runs that the government will have to step in and bail out.\u00a0 This is one of many things that will happen in the not-so-distant future.\u00a0 This will impact government finances in a scary way that will send people\u2019s attention to the currency.\u00a0 In other words, if we have another $3 trillion bailout on top of everything else that\u2019s going on . . .what is that going to do to the dollar? . . . . Currencies are being inflated away with all these bailouts, deficits, wars and all these things that are going on that are bad for the currency.\u00a0 So, people start selling government bonds, which push up interest rates and blows up even more bad real estate and paper . . . until you get a debt spiral, a real live financial death spiral than cannot be fixed. . . . I was talking to a real estate guy the other day, and he said this is not just inevitable, it is imminent.\u00a0 It is happening now.\u00a0 It is happening quickly, and it is going to hit the headlines. . . . In this case, what is inevitable in commercial real estate is also looking imminent.\u201d<\/p>\n

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

Eventual Financial Death Spiral Now Imminent \u2013 John Rubino Analyst and financial writer John Rubino warned nearly four months ago of a\u00a0\u201cU.S. Financial Death Spiral.\u201d\u00a0\u00a0This past week, Bank of America caught up to Rubino and issued a warning about a \u201cUS dollar death spiral\u201d because the federal government was going deeper in the red by […]<\/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":[195,34157,8757,7544,827,834,23817],"class_list":["post-66943","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-financial-death-spiral","tag-greg-hunter","tag-john-rubino","tag-united-states","tag-us","tag-usawatchdog-com"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66943","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=66943"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66943\/revisions"}],"predecessor-version":[{"id":66944,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66943\/revisions\/66944"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}