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John Rubino

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John is author or co-author of five books, including of The Money Bubble, The Collapse of the Dollar and How to Profit From It, Clean Money: Picking Winners in the Green-Tech Boom and How to Profit from the Coming Real Estate Bust. A former Wall Street analyst and featured columnist with, he currently writes for CFA Magazine.

Dollar - There’s a debate in gold bug circles over whether the price difference between gold and silver – the gold/silver ratio – tells us anything useful. Some skeptics, for instance, view the original gold/silver ratio of 15 — from America’s 18th century bi-metallic system – as just a political number pulled more-or-less out of thin air by […]

Dollar - Forget about Fox News and MSNBC. The really interesting stuff is happening outside the echo chambers, as progressive journalists declare war on the corporatist wing of the Democrat party. Among their beefs: The obsessive focus of the past three years on Russiagate and then Ukrainegate drained all the progressive energy that would otherwise have gone […]

Dollar - Real estate investor Marcel Arsenault has racked up Warren Buffett-scale profits over the past few credit cycles by loading up on “empty buildings” at the bottom, filling them with paying tenants, and then selling at the top. In a recent message to investors, he warns that the current market is especially tricky. Here’s an excerpt: […]

SilverRadio.FM - Silver Miners and Silver Backed Currency

Dollar - The people running states like New Jersey and cities like Chicago know they’re broke. Ridiculously generous public employee pensions – concocted by elected officials and union leaders who had to have understood that they were writing checks their taxpayers couldn’t cover – are bleeding them dry, with no political solution in sight. They also know […]

Dollar - So it’s early 2021 and we’ve bought back most of the extant Treasuries, a big chunk of investment-grade corporates and agency bonds, even a significant part of the junk market. And the damn economy is still flat on its back. Guess ten trillion dollars isn’t what it used to be! But giving up isn’t an […]

Dollar - It seemed like such a good idea at the time. Airbnbs were the next wave in hospitality, taking market share from hotels and motels and backed by a tech network that made running a virtual bed and breakfast fun and easy. So you borrow a bunch of money, buy a couple of houses, and put […]

Dollar - Lawrence Lepard, managing partner with Equity Management Associates, just published a quarterly report in which he explains — among many other things — why current US policy has created a “doom loop” and “a gold opportunity.” Here’s the summary page. For a PDF copy of the full 36-page report, email Lawrence at [email protected] FIRST QUARTER […]

Dollar - Sound money advocates have been proclaiming that “the Fed can’t print gold” pretty much since the end of the last gold standard in 1971. But no one outside our little echo chamber paid attention, fixating instead on what the Fed could print: trillions of dollars that were perfectly fine for buying anything a creditworthy person […]

Dollar - Harry Dent, a newsletter publisher who uses demographic trends to forecast market movements, believes that even before covid-19 blindsided the global economy, the US housing market was toast. From one of his recent interviews: Baby Boomers are now dying at unprecedented rates and will continue to do so into 2040. That takes the net demand […]

April 18th, 2020 | Now Comes The Real Crazy

Dollar - A recurring theme of modern financial crises is the “temporary” nature of the extreme steps governments take to fix the system. Recall that the massive increase in the Fed’s balance sheet during its Great Recession asset-buying binge (which is another way of saying “currency printing binge”) was going to be reversed out. But a funny […]

Dollar - Let’s assume that by the end of this year a combination of social distancing and some new and effective treatments convert covid-19 from existential threat to chronic nuisance and the economy starts to assume an air of normalcy. Which is to say that people go back to traveling and eating out and buying Chinese-made things […]

Dollar - Let’s start by sketching out a rough spectrum of the pandemic’s impact on major industries. At the hellish end of this spectrum is hospitality, where cruise ships, vacation resorts, and other crowd magnets have been rendered toxic and therefore useless overnight. Most of these companies will fail and their flagship assets will be repurposed or […]

Dollar - Pretend for a minute that it’s 2019 and you’re Brazil. Or maybe Turkey, your choice. You’ve got a lot of infrastructure to build if you want to keep your people happy, and to fund those projects you’ll need to borrow a lot of money. That’s not a problem, because borrowing is easy. The whole world […]

Dollar - The Wall Street Journal just published the kind of article gold bugs dream of seeing in the mainstream press. Here’s an excerpt: Coronavirus Sparks a Global Gold Rush Epic shortage spooks doomsday preppers and bankers alike; ‘Unaffordium and unobtanium.’ It’s an honest-to-God doomsday scenario and the ultimate doomsday-prepper market is a mess. As the coronavirus […]

Dollar - Two things about the coronavirus relief checks the government will soon start sending out: First, it looks like they’ll take a while to arrive: Show Me The Relief Money – No Promises On When Coronavirus Checks Are Coming About 90% of households — approximately 165 million — will benefit from direct payments, according to the […]

Dollar - To understand the impossible situation in which most retirees find themselves, let’s begin with interest rates. When governments raise or lower the cost of credit, they’re communicating with the rest of us. Higher interest rates send the message that “cash is more valuable, so save more and spend less.” Lower rates say the opposite: “Cash […]

Dollar -   In his latest commentary, financial strategist Michael Pento maps out the coming year. Spoiler alert: It ends ugly. Debt Be Damned The U.S. National Debt is about to surge like never before, along with the rest of the entire planet’s gigantic pile of sovereign IOUs. America started with a $23.5 trillion debt before the […]

Dollar - Precious metals advocates have been warning for years that the time to load up on a safe haven asset is before it’s needed, because by the time it is obviously needed it won’t be available. That seemed a bit hyperbolic in a world of smoothly functioning markets and apparently infinite horizons of steady growth and […]

Dollar - In this week’s Credit Bubble Bulletin, Doug Noland concludes that at long last the world’s governments have run out of new financial bubbles to inflate. The result: This time is different, in a very bad way. Here’s an excerpt from the much longer article, that should be read in its entirety. Please Don’t Completely Destroy… […]

Dollar - One of the oddities of the coronavirus pandemic has been its apparent preference for rich countries. The reason is thought to be that most developing countries are in warmer climes, and viruses don’t spread as readily in heat and humidity (which is why flu season in the US begins in the Fall and ends in […]

Dollar - Silver is getting crushed in the pandemic-driven flight to safety — which might have created one of those blood-in-the-streets opportunities that contrarian investors dream about. To understand why, lets start with the gold/silver ratio. The relationship between the prices of these two monetary metals tends to fluctuate within a wide band running from 20 to […]

Dollar - Calling the world’s governments unprepared for Covid-19 is to laughably understate the case. They apparently hadn’t even considered the possibility of a pandemic shutting down the global economy, and had zero contingency plans for dealing with either the physical or financial impact. Now they’re making it up as they go along. Among the offers currently […]

Dollar - Gold mining can be a terrible business. The metal’s price is volatile. Environmental and political risks are ever-present. And operating costs (especially energy) tend to rise even when gold’s price is falling. The result is a combination of low margins and high risk that causes most miners to consume more wealth than they produce. But […]

Dollar - Let’s say President Trump is right about the coronavirus “miraculously” fading away as temperatures rise in the Summer. Will things then go back to the old normal of globalization, free trade and finance-driven “growth”? Almost certainly not, because the psychological damage has already been done. Over the past couple of weeks the modern globalized economy […]
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