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…)

By Greg Hunter’s USAWatchdog.com 

It looks like we are on track for yet another global financial meltdown.  This time it is coming out of China in the form of a failed property development company called Evergrande.  It’s five times bigger than Lehman Brothers, whose failure cratered the global economy in 2008.  Will central banks, including the Fed, just let it all fail or will they print massive amounts of money trying to stop the fall?   If history is a guide, we should get ready for the most money creation ever.  In May, financial writer John Rubino said, “This is beyond the ability of any individual to fix.  We can’t save the system.” We sure can print a lot of money to try though. (more…)

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

Financial writer John Rubino says there is no easy way out for the financial and political mess the United States has created for itself.  Rubino starts with the economic problems and explains, “Now, inflation is starting to spread. . . . Look at lumber.  If you are trying to build a house, it’s $35,000 more now than it was two years ago just because of lumber.  Iron ore, house prices, grains, food and you name it, we’ve got inflation going on.  (more…)

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

Financial writer John Rubino says massive unpayable debt has already bankrupted America, and when this happens, politics are also massively corrupted.  Rubino explains, “When you bankrupt your country, your politics are inherently corrupted by that bankruptcy, and that’s what is happening to us.  We created a financial system . . . that is run by an aristocracy.  It’s not a Right/Left, liberal, socialist or conservative aristocracy.  Look at JPMorgan Chase, Google and General Dynamics.  Look at Mitch McConnell, the big Republicans and the big Democrats.  They are not socialists, and they are not capitalists–they’re aristocrats.  They are mainly interested in a system where the rules apply to you and me but do not apply to them. . . . You need to view those guys as Dukes and Duchesses whose main job is to maintain power over the peasants, then their behavior makes complete sense. . . . Seeing them that way makes their motivation and behavior pretty much crystal clear.” (more…)

By Greg Hunter’s USAWatchdog.com

 Financial writer John Rubino says, “2021 is going to be a pivotal year” in the debt markets.  Rubino says lots of debt will either be bailed out or defaulted on in some way.  Because of CV19, there is no getting around this.  The debt clock has been pushed forward by years.  One too huge to hide debt problem are heavily indebted U.S. states and cities.  Rubino says, “You have to call this a scam because years ago, they decided to offer wildly over generous pensions to public sector unions.  (more…)

By Greg Hunter’s USAWatchdog.com 

Financial writer John Rubino says gold is at new all-time highs, silver is vaulting upward and there is no end in sight for the massive money printing around the world.  Rubino say’s if you look deeper, you can see the “real message” in the unfolding events.  Rubino explains, “It’s fun to be a gold bug and see your stacks getting more valuable, but the real message here is the world is on the verge of spinning out of control.  That’s what gold and silver are signaling.  (more…)

Greg Hunter’s  USAWatchdog.com

Everyone needs be looking past the Coronavirus crisis and at what governments are trying to do to counter the economic destruction and massive unemployment. Is the financial cure worse than the disease? Financial writer John Rubino says look at commercial real estate as an omen of what is to come. Rubino explains, “Sooner or later you’ve got to pay your bills, and if you don’t have anybody paying your bills to you, then you go bankrupt. Commercial real estate could just be a blood bath, which take us back to all the bailouts. You can’t let a big sector go bust in this world because suddenly everything is too big to fail. (more…)

By Greg Hunter’s USAWatchdog.com

Financial writer and book author John Rubino sees the world careening toward a debt reset at an increasing pace. Rubino explains, “The coming monetary reset and what that means for gold and what that means for the rest of the global financial system, you don’t need a war to bring that about because we are making enough financial mistakes that will get us there in no time flat now without geopolitical turmoil. If you add a big war in the Middle East into the equation, then anything can happen. A scenario right now that is very, very feasible is we start shooting in the Middle East and Russia and China is on the other side of this in one way or another. They help Iran, and we have our allies helping us, and we start using these next generation weapons that are breathtakingly powerful. Nobody has any idea what’s going to happen when we start throwing these things at each other. . . . (more…)

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Financial writer and book author John Rubino says he can see the end of the economic expansion fueled by massive debt creation. Rubino explains, “Every sector of the U.S. economy is so over indebted I don’t see how we go on much longer. The Fed is desperately trying to prolong this thing. We are running trillion dollar deficits now, and what that is for is to keep the system from falling apart. We are 11 years into an expansion, a record. This is the longest bull market in history, and this is the longest economic expansion in history. . . . These guys don’t know exactly what’s going to happen in the next recession, but they are afraid that the system is so highly leveraged that even a garden variety three quarters of a percent of negative growth and a garden variety of 20 % drop in stock prices might be fatal. (more…)

By Greg Hunter’s USAWatchdog.com 

Financial writer and book author John Rubino is worried about record debt at every level of the economy. Rubino says, “The next recession is overdue because this is the longest expansion on record. . . . We loaded up car buyers with sub-prime loans. Students now have $1.5 trillion of student debt. Credit card debt is at record levels. Government debt is at record levels. Corporate debt is at record levels. . . . All of these guys have borrowed more money than they ever have in history. So, the idea we are going to convince people to borrow a lot more money by lowering interest rates is at best problematic and at worst insane. We are headed that way because they have no other tools. So, when things slow down, they are going to start cutting again and printing money and buying up assets with that money.  We’ll see if it works again. It shouldn’t have worked the last time. . . . We are in a range of unexplored numbers. . . . How much further can this go? Is there a limit out there? We are going to find out in the next recession.”

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By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Unemployment is near 3% and President Trump is calling for rate cuts and quantitative easing. Is the economy doing well or getting ready to tank? Financial writer John Rubino says, “We went from being at all-time highs to down 20% in sort of a flash crash in two months towards the end of last year. That told the Fed and the other central banks that they can never tighten again. This is it for this cycle and for the entire remaining time of today’s financial system for higher interest rates. They abruptly announced to never mind about those four rate hikes that were going to happen in 2019. We (the Fed) are not going to do anything. If we do anything, it will be in the opposite direction and cut interest rates and a new round of QE, etcetera and etcetera. The stock market went right back up to record levels. (more…)

By Greg Hunter’s USAWatchdog.com

Financial writer John Rubino says no matter what country, the global debt has exploded to record highs, and it’s going to go even higher in the coming years. Rubino contends, “Government debt is going to soar going forward no matter what. Whether we have three more years of growth or a recession next year, we are going to see massive new deficits and massive increases in government debt all over the world. This is coming at a time when we have already hit record levels of debt and blown right through previous record levels. The last crisis, that almost ended the global financial system, was debt driven. The next one is going to be that much, much more serious because we basically doubled the amount of debt that’s out there since 2005 and 2006.”

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By Greg Hunter’s USAWatchdog.com

Financial writer John Rubino says everywhere you look, debt is exponentially mounting. Nothing demonstrates the “imminent bankruptcy” problem better than the financial obligations of New York City. Rubino says, “They just announced that they have unfunded liabilities for retiree healthcare, just retiree healthcare and not the rest of their pensions, of $100 billion. That’s for a city, not a state or a country, and if you add their unfunded liabilities for their pensions, which is another $50 billion or so, and their official debt, which is $50 billion or so, you get $200 billion that New York City is on the hook for that they have not put money away for. If a private sector company had finances like that, they would be insolvent, and their accountants would force them to say that.” (more…)