By Greg Hunter’s USAWatchdog.com

Analyst and financial writer John Rubino has been warning of a currency crisis.  On Friday, we saw a record high price spike for silver that produced a record high price for the white metal.  Meanwhile, we saw record high prices for gold on the same day.  This has never happened before, and that shows the currency crisis long predicted is here.  Rubino says, “Currencies are pouring into real money in anticipation of the existing fiat currencies dying.  That is a whole different thing and on a much bigger scale because the numbers are grossly inflated after 70 years of a credit super cycle.  So, what we have seen so far is really just the beginning.  Gold and silver have had huge runs, but they are doing it when things are more or less still normal.  Precious metals are starting to soar in anticipation of something abnormal coming.  Right now, this is a bigger gold than silver story because gold is the money we go back to when national currencies fail.  Silver is a more complex story because it is also an industrial metal.  There are new industries that are using more and more silver, and there is just not enough silver to satisfy that demand.” (more…)

By Greg Hunter’s USAWatchdog.com 

Analyst and financial writer John Rubino has been warning of a currency crisis for the last few years, but it’s not just the US dollar, euro or the yen.  Almost every country has exploding unpayable debt, and there is not a fiat currency that is going to survive.  Rubino explains, “If you watch the financial press, they are noting that the price of gold is going up, but they are treating it like any other asset.  Gold is humanity’s oldest form of money.  So, when it goes up in price, that means the currencies against we are measuring it are going down in value.  What we are seeing all around the world is fiat currencies declining in value dramatically . . . especially against gold.  Gold, just in the last couple of weeks, pierced not just its all-time nominal high, but its all-time inflation adjusted high.  This is a much bigger deal because we have had so much inflation in the last 30 or 40 years.  Basically, gold is saying that the fiat currency experiment is ending.  In other words, the monetary system that we set up in 1971 when we went off the gold standard . . . this led countries to create way too much debt, increase their spending dramatically and basically make all the mistakes that a human makes when you give them an unlimited credit card.  Now, we are burdened with debt we cannot pay off, and people expect to be taken care of, and France is a good example of this.” (more…)

By Greg Hunter’s USAWatchdog.com 

Analyst and financial writer John Rubino has been warning of a currency crisis, especially since the so-called Big Beautiful Bill passed Congress.  President Trump signed it into law on the Fourth of July.  America’s credit was downgraded, and we are now set to explode the deficit $20 trillion in the next 10 years.  That will be inflationary, but before we get there, we will have a crushing crash in home prices.  Right now, the residential home market is rolling over with inventories surging and prices about to collapse.  Rubino says, “You get this huge increase in inventory in the housing market.  In other words, homes for sale go way up, but still, nobody can buy them.  Then people really panic, and they start cutting the asking price of their house really dramatically until prices fall to a place where people can afford them again.  In today’s market, that means a 30% to 40% drop in house prices.  We are at the very beginning of that right now. . ..  In the next couple of years, you are going to see home prices drop, and then the drop is going to become disorderly.  Then you are going to see bankruptcies really hit housing.” (more…)

By Greg Hunter’s USAWatchdog.com 

Analyst and financial writer John Rubino has a new warning concerning Trump’s “Big Beautiful Bill” making its way through Congress and Moody’s downgrade of US debt.  The Big Beautiful Bill is going to explode the debt by $20 trillion in the next 10 years, and the credit downgrade has people like billionaire investment fund founder Ray Dalio worries about money printing to pay the $1.5 trillion in interest on federal debt.  Rubino warns, “The story with Moody’s downgrade isn’t that they did it, that they moved the US from triple A (Aaa) to one notch below (Aa1).  It’s kind of insane that a government with 125% of GDP has an investment rating at all.  Right?  They are clearly baking a gigantic currency crisis into the cake.  Ray Dalio gets it right.  (more…)

By Greg Hunter’s USAWatchdog.com

Analyst and financial writer John Rubino warned last October that “Chaos is Coming.”  With exploding Tesla dealerships, mass deportations of violent gangs, DOGE uncovering massive fraud and waste, and an out-of-control Leftist judiciary trying to stop President Trump at every turn, you could say chaos is here.  Rubino contends it’s not going away anytime soon as government grifters are going to try to keep the cash flowing.   Now, AG Pam Bondi says her office is going after the fraudsters ripping off America. Rubino explains, “We are finding out that the federal government is a big money laundering operation.  There are so many different ways and so many different avenues that take cash from taxpayers or newly created cash . . . and it basically funnels it to political operatives, political class and the ‘expert’ class all around the world. . . . (more…)

By Greg Hunter’s USAWatchdog.com

Analyst and financial writer John Rubino has long warned of a massive financial crisis.  With unstoppable wars in Ukraine and the Middle East, Rubino says one thing is for sure, “Chaos is coming.”  Rubino explains, “This does not get fixed easily, and to the extent this gets fixed at all, this gets fixed via chaos.  Prepare for a really interesting decade.  This is going to be unlike anything we have seen in our lifetimes.  Not since the Great Depression, nothing like this has happened.” (more…)

By Greg Hunter’s USAWatchdog.com (WNW 636 5.31.24)  (John Rubino is a guest and helps Greg with the Wrap-Up)

Donald Trump was convicted of 34 felony counts in a New York court on Thursday.  The judge gave some cartoon-like jury instructions, and many are saying that this fact alone will be grounds for reversing these convictions.  How long will this take?  Will there be an emergency appeal to the US Supreme Court?  Will they jail Trump?  Will they get desperate enough to kill him?  Is this the kind of thing the Democrats feel they must do if Joe Biden’s areal approval rating is just under 8%?  (Yes, this is the real number, according to Martin Armstrong and another confidential source I know personally.) (more…)

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Analyst and financial writer John Rubino warned nearly four months ago of a “U.S. Financial Death Spiral.”  This past week, Bank of America caught up to Rubino and issued a warning about a “US dollar death spiral” because the federal government was going deeper in the red by creating “$1 trillion in new debt every 100 days.”  Maybe this is why gold and Bitcoin have been hitting new all-time highs day after day.  Rubino says, “When a building was worth $200 million and someone sells it for $48 million, that means there is a loss that someone has to take.  Those losses are mostly on the books of regional and local banks.  So, they are in big trouble financially. . . . (more…)

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

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.  Rubino says, “If 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.  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.  We are there right now.  The official U.S. debt is $33.5 trillion.  It’s growing by $1.7 trillion a year, and $1 trillion of that is interest costs.  Interest costs are rising as the overall debt goes up.  Then throw in this incredibly reckless military spending in the guise of foreign aid, and you get a society that has completely lost control. (more…)

By Greg Hunter’s USAWatchdog.com (Saturday Night Post) 

Financial writer John Rubino warned two weeks ago that whatever came out of the BRICS (Brazil, Russia, India, China and South Africa) meeting this past week would be bad for the dollar.  The dollar did not crash, but the prospects for it remaining the reserve currency of the world took a beating.  The BRICS added a half dozen countries into its group.  Two of the most troubling for the dollar are Saudia Arabia (SA) (where the petrodollar started) and United Arab Emirates (UAE) where the U.S.  has huge Navy and Airforce assets.  SA and UAB officially joining the BRICS was nothing short of a stunning rebuke of U.S. financial and military power in the Persian Gulf.  Rubino says, “So, now we’ve got the world’s biggest oil exporter and the site of a very big U.S. military presence in an anti-dollar coalition. . . . This is a very big deal because the BRICS are sort of a trade organization dedicated to bypassing the dollar and not living under U.S. rule any longer.  (more…)

By Greg Hunter’s USAWatchdog.com 

Analyst and financial writer John Rubino has a new warning about the fate of the U.S. dollar with the announcement next week (Aug 22–24) of the new BRICS (Brazil, Russia, India, China and South Africa) currency.  There has been lots of speculation about it.  Will it work?  Is it gold backed?  Will it immediately replace the U.S. dollar?  30 countries in all have signed onto the BRICS currency experiment.  Rubino contends, “No matter what shape it takes, the new BRICS currency is bad for the dollar. . . . You don’t want to be an enemy of the U.S., but neither do you want to be a target just because you are doing what you think is right in the world. . . then the U.S. comes in and destroys your banking system.  That is now a real possibility for a lot of countries.  If you take the BRICS countries . . . and you add in all the other countries who want to join the BRICS coalition, and that includes Saudi Arabia and Mexico, you take all those countries together and, basically, you have half the world’s population and half the world’s GDP.  So, this is not trivial.  (more…)

By Greg Hunter’s USAWatchdog.com (Saturday Night Post) 

Analyst and financial writer John Rubino has been warning for years that a systemic crash was always in the cards because of the enormous unpayable debt buildup.  The debt for America has never been more extreme.  Now, there is a new wrinkle in the equation for an elite class wanting to hang onto power, and that is war – a nuclear war.  Rubino says, “These neocon chickenhawk psychopaths who are running Biden’s foreign policy are going to try to extend U.S. domination around the world.  5% of the world’s population is going to rule the other 95% of the population in perpetuity.  They see this as a ‘New American Century’ to be imposed by force, and they are willing to risk nuclear war to do that.  It’s baffling.” (more…)

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Analyst and financial writer John Rubino says this time, the so-called debt ceiling fight could end in a systemic failure.  Rubino points out, “In a well-run society, the debt limit would be zero.  Governments should not borrow money in the first place.  The amount of money we are borrowing is catastrophic.  Historians are going to look back at this era, and they are just going to wonder why we allowed it to happen and what were we thinking.  We are destroying the global financial system by allowing governments to borrow this much money.  The debt limit thing is being called a crisis, and if they let it go too far, it will be a crisis. . . . (more…)

By Greg Hunter’s USAWatchdog.com 

Analyst and financial writer John Rubino said in February, “We are in a debt and death spiral” that will force dramatic changes on the world.  It was a direct hit because in March, Silicon Valley Bank (SVB) tanked, and the FDIC and the U.S. Treasury were forced to basically back-stop the entire banking system.  The financial problems are far from over as Rubino explains, “Basically, interest rates have been artificially low for a decade . . . . In that time, crazy numbers of office buildings went up and were financed at really low rates. . . .  Now, office vacancy rates are spiking, which means office building are not profitable anymore.  The debts they have at 2% to 3% now have to be rolled over at 5%, 6% or 7%.  This means an already unprofitable office building is going to be even more unprofitable because of rising interest rates. (more…)

By Greg Hunter’s USWatchdog.com (Saturday Night Post)

Analyst and financial writer John Rubino says we’re are in a “debt and death spiral” that will force dramatic changes on the world.  Rubino explains, “The 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.  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. (more…)