Chaos in Housing, Crypto, Gold, Silver & War – John Rubino

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.”

This week, a new bill is making its way through Congress and it’s called the GENIUS Act, (Guiding and Establishing National Innovation for U.S. Stablecoins Act).  This act will set the rules for crypto currencies such as stablecoin.  This is a coin designed to “hold the value of the cryptocurrency steady in a variety of ways.”  One way is to have actual collateral to back up the stablecoin.  The benefactors will be Treasury bonds, crypto currencies and physical gold and silver.  Rubino says, “Tether, who started the big Treasury stablecoin, also started a gold stablecoin.  They bought a bunch of gold and put it in a vault, and then their tokens trade as if they are worth a fixed amount of gold.  It feels like you are trading gold . . . but Tether has to have that gold in a vault. . .. If this concept gets popular, this will be a big demand for gold because you will have all the stablecoin creators out there buying gold and storing it in vaults. . ..  The big buyers in the past five years were central banks, and now, if we have stablecoin companies, that can’t help but to push gold higher.”

Rubino says the same price increases will happen to physical silver along with other tangible assets as the stablecoin market searches for collateral.  What is going to take a big hit will be the U.S. dollar.  Rubino says, “It’s all a form of inflation.  The whole stablecoin thing starts with governments creating currencies out of thin air. . .. The stablecoin thing seems to be just another spigot to turn on the money. . .. I am not sure this is in any way a good thing for the value of the dollar.  I think the dollar loses value. . ..  These are games that are being played, and they don’t in any way strengthen the dollar.  If we print a trillion dollars this year, that money is going somewhere and this will make asset prices go up.  It’s all inflationary.  I think this will help gold and silver a lot, and it will also help the miners, but I don’t think it will help the government.”

The War in Ukraine is not slowing down, and there is no peace in sight.  President Trump is threatening huge tariffs against Russia if a peace deal is not done in 50 days.  Russia has also made threats against the West.  This week, renowned market and geopolitical cycle expert Martin Armstrong is breaking news with a headline that reads “War is Coming NATO Wants to Send 250,000 Troops into Ukraine.”  The wildest of wild cards is war with Russia.  “Rubino says, “If we are in a shooting war with Russia, the stock market is down by 30% the day the shooting starts.  The dollar goes up because the whole rest of the world moves their money to the US.  We are still perceived to be the safest place in the world to put money, but with WWIII with Russia, I don’t know.  It would be chaos. . ..  I think the trust horizon is shrinking, and it will take a whole generation of people before the government will be believed again.  I think there are people alive now who will never take another vaccine as long as they live.  The effects of this loss of trust will be felt for a long time.”

There is more in the 48-minute interview.

Join Greg Hunter as he goes One-on-One with financial writer John Rubino of the popular site called Rubino.Substack.com for 7.15.25.

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After the Interview:

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