Re-enter Death Spiral When Iran War Stops – John Rubino

By Greg Hunter’s USAWatchdog.com

Analyst and financial writer John Rubino is still warning of a currency crisis.  He thinks the big run up in gold and silver in the past year are sending a message about the quality of fiat currency that governments print at will.  Lots of money will be printed to prosecute the Iran war, and there will be a financial price to pay.  Rubino says, “War is incredibly expensive.  If the US has to add another $1 trillion to the deficit to finish this thing off, that’s another trillion we have to borrow. . .. So, we are eroding the trust that people have in our big systems. . .. The wars that we have seen lately are making the financial crisis coming our way . .  much worse and making it come that much sooner.   The more money we borrow right now, the bigger of a deal it is for inflation and currency exchange rate and, ultimately, for gold and silver.  Nobody should hope things like this happen, but if you are strictly looking at your own finances and you are a gold bug . . . we are screwing up the financial system that is bad for the fiat currencies and great for real money (gold and silver) and other commodities. . .. There are a lot of reasons to think commodities benefit from this war.  I am kind of hesitant to look on the bright side of war . . . but I do think a war time economy is inherently inflationary, and that is inherently good for commodities.”

If the war drags on, Rubino says, “It will make the coming financial crisis worse sooner.” If war finishes soon, can we all breathe a sigh of relief and be out of the woods?  Rubino says, “Here’s hoping because that would be awesome.  Let’s say it ends tomorrow.  Then we go back to what we were doing before, which is bailing out everybody in sight, creating huge amounts of currency and lobbying the Fed to cut interest rates.  In other words, we re-enter the death spiral of the world’s fiat currencies.”

Rubino is especially bullish on silver.  A year ago, silver was selling in the low $30 per ounce range.  Today, even after the big sell-off, it is selling in the low $80 per ounce range.  Rubino says you ain’t seen nothing yet.  Rubino says, “The silver story is great.  More and more industries need it, and fewer and fewer mines are producing it.  We have this decision point coming soon where the price is going to have to jump up to reflect the panic buying coming from the shortages.”

Rubino thinks you will be seeing $15,000 per ounce gold and $300 per ounce silver, but he can’t say exactly when.  He just knows it will happen because with fiat currencies, history always repeats.  Rubino says, “This sounds crazy now, but they are probably going to happen.  That is just how currency collapses play out.  We have seen hundreds of currencies in human history that have died.  Just Google hyperinflation, and you will see a list of name brand countries that destroyed their currency.  They rode them down to virtually zero.  It’s hyperinflation, and something like that is coming. . .. We should not even think about it in terms of dollars, just buy it (physical gold and silver) to have real money.”

There is much more in the 36-minute interview.

Join Greg Hunter of USAWatchdog as he goes One-on-One with financial writer John Rubino of the popular site called Rubino.Substack.com for 4.14.25.

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After the Interview:

John Rubino is a prolific financial writer, and you can see some of his work for free at Rubino.Substack.com.

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PO Box 953

Carlsborg, WA  98324

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