The Fed Can’t Save Us –John Rubino

By Greg Hunter’s 

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.”

Rubino is not impressed with the Federal Reserve’s latest promise to slash interest rates and print money to save a teetering economy. Rubino contends, “The markets ought to be terrified by this, but in the U.S. because the rates are not yet zero, the market is not yet terrified. We are not far from 0%. . . . The Fed can’t save us. We’re at the point now where we would be at a 1930’s style depression or a Weimar Germany hyperinflation or something new and equally bad. We have taken on insane amounts of debt, more than any society in history has ever tried to take on. So, we just don’t know what is going to happen. If the central banks cannot stop the next recession, we will find out what happens when this much debt goes bad. . . . The Fed’s biggest fear is that things will spin out of control, and they won’t have the tools to stop it.”

On gold and silver, Rubino warns, “Pretty much the only way out for central banks is they will have to devalue their currency aggressively to keep the debts from blowing up on us and completely destroying the financial system. That is a great environment for gold. It will become more and more apparent to people going forward. . . . As you add to your position (in gold and silver), the big trend will be positive for you. . . . Debt is continuing to soar . . . and that is continuing and accelerating right now. So, if the big bad trend is accelerating, then the big bad result of that trend is getting closer and closer, but timing is impossible to predict. . . . When this thing really begins to spin out of control, it’s too late to protect yourself. . . .You really hope you don’t end up in a world where gold is $10,000 per ounce because that is a bad world in a lot of ways. If that is no longer just a possibility but a probability, you need to protect yourself in some way. That’s what precious metals do.”

Join Greg Hunter as he goes One-on-One with John Rubino, founder of

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  1. William Stanley

    Mr. Hunter,
    Concerning the economy: It just can’t be said any more lucidly than that!
    Unfortunately, pestilence, hunger, and violence will work synergistically with economic collapse. Indeed, with the current onset of epidemics of vicious tropical diseases worldwide — especially, but not limited to Ebola — I find that factor weighing more heavily on my thinking regarding relocating.

    • uncommon sense

      Pssst! It’s me again. William, I know that you take prepping seriously. As you mentioned tropical diseases above, could take this opportunity to recommend that you think about adding organic coconut oil to your supplies. The lauric acid in coconut oil is known to be antiviral, antibacterial and antifungal. It is relatively cheap and will last many years as it is saturated fat (medium chain, so not detrimental to health) and will not oxidise.
      Also, olive leaf capsules are even more potent and can also be used to kill viruses, unhealthy bacteria and is also antifungal. Better than antibiotics and safer. Go for olive leaf capsules that are standardized for oleuropein content.

      • William Stanley

        uncommon sense,
        It looks like it might be a good idea to start using both of these items immediately as well.

  2. Anthony Australia

    Excellent interview Greg,

    Our reserve bank have cut rates and gold is at an all time high.

  3. JC

    Sorry, hit “post comment” prematurely. Please delete first comment.
    John said the word “limit” a number of times. What happens when we reach “The Outer Limits?” Perhaps we can change the words to Fedspeak?

    “There is nothing wrong with your investments.”
    “Do not attempt to adjust your portfolio.”
    “We control the stock market.”
    “We control the bond market.”

  4. AndrewB

    Hi Greg
    It has become clear to ‘red-pill’ takers that the financial and geo-political world is no longer determined by hard fact but by narrative. TPTB have known this for decades (most probably dating back to the Roman Empire, if not before) and use narrative to control and exploit their subjects (you, me, and 99.99 of the world population).

    If you, and your audience, agree with my supposition- that narrative influences human responses, more so than facts – then we ‘red-pill’ takers should be ever vigilant in how we narrate the facts. 11:20 minutes into your interview with John Rubino he explains how Alan Greenspan (at the time, the Fed president) propped up the “big banks” … “big loans” to Mexico and Russia, et al. My point is not to disagree with Rubino – I agree with his analyses. My point is that ‘we’ should be pedantic with ‘our’ narrative and, when ‘we’ have occasion to mention the Fed, ‘we’ should always add that it is a cartel, created by the big banks – specifically to pursue and protect the interests of the big banks. IMO, ‘we’ need to continually counter TPTB propaganda that the Fed is a benevolent dept of government concerned about employment, the general wellbeing of the population, etc., etc.

    Propaganda relies upon repetition (from multiple sources) until people assimilate the false narrative as unquestioned truth. If ‘we’ (red-pill takers) are to influence those addicted to blue pills (sexual enhances excepted) then in my opinion ‘we’ need to explain and repeat ad nauseam the true nature of the Fed and all its ilk.

    I would respectfully refer your audience to, ‘The Creature From Jekyll Island’ by G. Edward Griffin – the book that originally opened my eyes. Please do not buy this book from the default source on Google – do not feed the beast. Every little action the 99.99% of us can make will have an impact.

    • iwitness02

      Bravo, AndrewB! Very well spoken in both comments, and I totally agree. We need to continually expound on the truth. Verbal truth first. If that doesn’t work, there is kinetic truth. Ultimately, there is Biblical Truth. One way or another there will be justice for the people. Worldwide. We can only wonder at the cost, but positive change is coming to this earth. I believe that with all my heart. I think most everyone here will witness the change.

  5. AndrewB

    Hi Greg

    John Rubino mentions the exhausted sources of good collateral to support loans and predicts the buying of corporate assets (shares) as a possible extension of debt issuance, as has happened in Japan. I hear many pundits talking about this – as though it is a natural progression – without apparent fear. In my opinion, enabling central banks – the banking cartels to whom corrupt governments have handed the exclusive right to issue currency – to purchase the world’s natural resources and the means of production (the corporations which own those resources) with currency that they can create at will, is the road to perdition – the 0.01%’s wet dream of a neo-feudal future. If there is to be a global financial ‘reset’ and the 0.01% own everything of value at its conclusion, how will the 99.99% be better off? Frankly speaking, I am unable to posit a solution. I simply wish people would see the risks inherent in allowing central banks to purchase corporate assets. More alt-media pundits should be talking about this very significant risk to the freedom of the vast majority of mankind.

  6. Jerry

    News for Stan.
    I sure hope you have a plan. Can you say bailins ?

    I just love the new age terminology. Quantative easing – it’s just another way of saying counterfitting. Cut off – it’s another way of saying locked out.

    Do you think Deutsche Bank has FDIC insurance? Stan they’re getting ready to lock the doors. Be smart. Get your money out before this death spiral hits bottom. Past history proves that when banks are in trouble they won’t hesitate to throw you under the bus. In fact Deutsche Bank has even murdered their own bankers to the tune of over thirty people just to protect their corruption. Money laundering. Gold rigging. You name it. This is not a bank. It’s a crime syndicate.

    • Jerry

      Dead men tell no tales.

      My cousin who was a fixer in Chicago always told me that the sign of a good mechanic, who knew his trade, was to make it look like either a suicide or an accident. Gun shooting is all Hollywood. His favorite. A pillow over the head. At 6’-8 350 pounds it was easy for him to just lay on top the intended victim and smother them. The obituary would read “ they died peacefully in their sleep”. He always viewed that as humane, if that’s even possible? To ease his conscience he would donate the bulk of his payment to Shriners hospital. Go figure? Guess what? When they found him dead, they said it was suicide. I guess I’ll never know for sure what really happened. As they, what goes around comes around.

      • paul jr.

        You realize that some of them clearly died by accident or really did commit suicide. The suicide rate is for people who work in the financial services industry is considerably higher than average.

    • Stan

      Jerry: Deutsche Bank has insurance and it is called “Mario Draghi” and he has much deeper pockets than FDIC. Mario will not let DB go down!

      • Greg Hunter

        You are kidding us–right?

        • K.Wayne

          I think Stan is getting confused with the Mario character from the Nintendo Games…..capable of extracting himself from ridiculous situations.

        • Jerry

          Putin states what we already know. The global economy is as fake as money created out of thin air.

        • Stan


          • Greg Hunter

            DB stock down to $6.76. Not fear but fact.

      • Freebrezer

        Stan – you have two titans fighting … Mario Draghi vs. market forces. In the end the market forces are going to win. But yes, Mario can manipulate to extend. The ONLY question is – when is the extend to pretend game going to end? I have a feeling that the TPTB can extend a bit further.

  7. JC

    Today on Martin Armstrong’s website.

    “Gold will be the hedge against political uncertainty and government ONLY when the people reach that critical point of losing faith in government.
    Most millennials use their phones to buy things or credit cards – not cash. The idea of gold as a store of value has faded between generations.”

    • FC

      My 3 millennial children have been taught from the time they could understand to pay for everything with cash so they can feel and understand the amount they are handing over and they are all grateful of this lost art of exchange as they now question whether a purchase is really necessary.

    • Anthony Australia

      Gold has quadrupled in the last 10 -15 years, millennials or not, it keeps going up. That’s the whole idea, wipe out the system and enslave millennials for an eternity.

    • Anthony Australia

      Only if they allow credit to flow, whether electronic or not, there will be a premium to payback the borrowed funds.

    • paul ...

      JC … Armstrong says: “Gold will be the hedge against political uncertainty and government ONLY when the people reach that critical point of losing faith in government.” … he uses the word ONLY in bold type … but … there is another way (besides losing faith in government) for gold to be driven higher … “the start of a rate cut cycle by the Fed” … the start of rate cuts is usually “very bullish” for precious metals … and if the Fed follows through and we get multiple rate cuts right up to the 2020 election … Gold and Silver should break (more likely explode) higher!!

  8. Montana Guy

    Are there any WatchDogs left who haven’t taken John Rubino’s advice? I doubt it. So what next?

    The rich have bug-outs in place. We have all seen them. What do they know that we don’t? And why do you think none are on US soil? And the Fed has their bug-out. It will be the IMF. The globalist puppets in Washington have theirs. Gee, who is left?

    • Frederick

      This one HAS

  9. JC

    Richard Russell wrote this back in 2010 regarding millennials and gold.
    “Americans have totally forgotten the meaning of gold and silver. I prove it to myself every day. I buy something in a store and present a one ounce gold coin as payment. Invariably, the clerk looks at the coin and replies, “We can’t take that. What is it anyway?” Sad and rather ominous.

  10. Chuck

    I get so tired of people saying that we don’t want to live in a world with gold at $10,000? I don’t recall people eating each other in the streets when gold went from $200 to $1,900. Almost a ten fold increase.

    • Da Yooper

      Exactly Chuck ……I tend to think that people who say that are closet shills for the bankers. They never explain how they know how bad things will be at $10,000 gold. Gold & Silver are like Apple or Facebook at $50 only difference is Apple & Facebook are not being shorted & suppressed by the US Government & it’s bankers. Also I dont particularly like the current world where banks & company’s that should go bankrupt are not allowed to while the taxpayer pays for it all & gets no benefit from the bailout . Just look at how the banks screwed the public on their Credit Card interest after the bailout. Just bend over & grab your ankles Mr & Mrs Taxpayer & say sir may I please have another.

    • paul jr.

      You are right Chuck. Gold could go to $10,000 without the U.S having hyper-inflation or even without having a “Mad Max world” scenario happen.

    • Anthony Australia

      Exactly Chucky

  11. St. Clare Seeds

    I highly recommend John Rubino’s book, “The Money Bubble”. I have a hard time understanding economics and the national debt. His book lays it all out and is easy to understand.

  12. AndrewB

    Hi Greg

    Further thoughts on the central banks buying up corporate assets (shares) in order to extend the debt bubble – and to enable them to ultimately own everything of value . . .

    This is analogous with the early explorers, merchant adventurers, offering brightly coloured glass beads to ‘unsophisticated’ native peoples in return for gold and silver and other assets of REAL value. Anecdotally, the glass beads were held in ‘treasure’ chests and some hapless prisoner / captive was duped to make as to try and steal this ‘treasure’, only to be shot dead during the attempt. Theatre of this variety induced the natives to believe the glass beads to have significant worth. Today, we ‘unsophisticated natives’ (99.99% of world population) are willing to trade all our real wealth for pieces of paper – and, most of the time, not even paper but just an electronic ledger entry. That the ‘elite’ 0.1% have the means to print the paper at will (make the brightly coloured glass beads) means we have become willing participants in our own demise (no more aware of the con than ‘primative’ tribes of the past). Many even welcome central buying of stocks in the belief that this will elevate the value of their pension pots. In my opinion, any such uplifted pension pots will be of little value when current fiat currencies are revalued at zero and all real wealth has already been transferred to the 0.1%. Sorry to be so negative! My intent is to infuriate. ‘We’ urgently need to see the danger and take whatever action is required before we become powerless (devoid of any assets) to act. I am not smart enough to posit a solution – I simply urge all in the alt-media to loudly ring the alarm bells whenever they talk about corporate asset buying by central banks. This is the road to perdition!

    • FC

      What a great analogy and you’re not being negative you’re being realistic.

  13. paul ...

    John Rubino is worried about record debt at every level of the economy … dark times are ahead …

    • paul ...

      Jim Rickards (the man who helped to create the Frankenstein Derivatives Monster) … knows very well “the Bankster Cabal (in control of the Monster) are like Swamp Creatures who will never give up their power voluntarily” … his recommendation is to avoid and not touch their creations (i.e. fiat paper money, crypto coins, derivatives, etc., etc.) … and simply get into physical gold (and silver) “and kept your precious metals out of their bank vaults” … just as Jim Sinclair and Bill Holter have been recommending “that people Get Out of The System (GOTS)”!!! …

      • paul ...

        Jim Rickards is now predicting “the exact time ” a political and market “Perfect Storm” will hit … he is saying it may actually strike as early as October 2019 … get ready folks (your storm shelter is gold, silver and some cash coins) … Rickards says “every time one of these huge perfect storms hits … it is always preceded by mass complacency or euphoria”!!! …

        • paul ...

          Actually it may not take shootings, poisonings, plane crashes or sewer-cides to tum the Senate against Trump … the Demon-rats have “Seven ways to Sunday” to turn the Senate against Trump … they could simply threaten to kill the family members of recalcitrant Senators!!

          • Greg Hunter

            That is not going to work Paul and would be civil war immediately.

        • FC

          We all know the story of the three little pigs, but there was a fourth little pig who watched USAWATCHDOG and built his home with gold and silver.

      • OutLookingIn

        paul – correction:

        Jim Rickards did not help create derivatives.
        That honor goes specifically to Edward O’Connor. Who’s idea and efforts in 1973, created the Chicago Board Options Exchange. Trading options opened the CME to Wall street securities traders. These financial instruments were soon intermingled and sold as deriving their value from the underlying collateral. Poof! Derivatives.
        Edward O’Connor went on to sell half his business to the Swiss bank UBS and the other to Goldman Sachs, where they remain to this day.

  14. Russ

    Thanks Greg, great interview. I’ve come to really appreciate John Rubino’s calm demeanor and approach to investing — very sound advice.

    I stumbled into dollar cost averaging as a default setting after 2009 and the bailouts. I thought the QE1 bank bail-out was a huge negative and then came the rest of the QE’s and Operation Twist (whatever that was) — all fiat money printing and inflation dressed up for the prom. The FED said they were done with QE but the world’s other central banks (BOJ, ECB, et al) continued to print; members of the Rothschild banking system are tied at the hip. Money printing continued regardless of how the FED Chairman’s lips moved. Wall street soared and those USD denominated items looked great, but were they…

    Over the years I’ve paid my taxes and kept my CC accounts and other bills paid off. I didn’t buy a new car and we eat well (meaning healthy), but otherwise live modestly. What do I have to show for all this? When (not if) this global economy blows up or implodes, I have no debts to call in. The roof over my head is paid for as are the vehicles in the garage. The tide will turn and when it does you want to be on the shore and not dragged under with the rip currents. That’s when I might be able to go shopping for a farm.

  15. Jerry

    Very suspicious.
    EAS just froze the internet and spectrum broadcast network for almost 5 minutes in Missouri . There was no test. No announcement. I was getting ready to pull the power to reset, and then it came back up.

  16. tim ziegler


    The game has changed and the rules/methods by which it has been played in the past will also change; it is a TRAP!
    It will all end abruptly and painfully for those not paying attention.
    Dollar cost averaging at this point is too little and too late!
    It doesn’t matter that no one wishes this, it will still happen.

    • Greg Hunter

      Thank you for weighing in here! I agree by the way.

  17. Rob

    Blockchain, Artificial Intelligence, and the Internet of Things are converging to fully manifest the “beast” system within the next decade:

    Father is raising up this beast to force all the church to prove if we dwell in heavenly places in Christ:

    1 Peter 4:12-19 Beloved, think it not strange concerning the fiery trial among you, which cometh upon you to prove you, as though a strange thing happened unto you: (13) but insomuch as ye are partakers of Christ’s sufferings, rejoice; that at the revelation of his glory also ye may rejoice with exceeding joy. (14) If ye are reproached for the name of Christ, blessed are ye; because the Spirit of glory and the Spirit of God resteth upon you. (15) For let none of you suffer as a murderer, or a thief, or an evil-doer, or as a meddler in other men’s matters: (16) but if a man suffer as a Christian, let him not be ashamed; but let him glorify God in this name. (17) For the time is come for judgment to begin at the house of God: and if it begin first at us, what shall be the end of them that obey not the gospel of God? (18) And if the righteous is scarcely saved, where shall the ungodly and sinner appear? (19) Wherefore let them also that suffer according to the will of God commit their souls in well-doing unto a faithful Creator.

    Ephesians 2:6 and raised us up with him, and made us to sit with him in the heavenly places, in Christ Jesus:

    Psalms 91:1-2 He that dwelleth in the secret place of the Most High Shall abide under the shadow of the Almighty. (2) I will say of Jehovah, He is my refuge and my fortress; My God, in whom I trust.

    Or are we dwelling on the earth and minding earthly things:

    Revelation 13:14 And he deceiveth them that dwell on the earth by reason of the signs which it was given him to do in the sight of the beast; saying to them that dwell on the earth, that they should make an image to the beast who hath the stroke of the sword and lived.

    Philippians 3:17-19 Brethren, be ye imitators together of me, and mark them that so walk even as ye have us for an ensample. (18) For many walk, of whom I told you often, and now tell you even weeping, that they are the enemies of the cross of Christ: (19) whose end is perdition, whose god is the belly, and whose glory is in their shame, who mind earthly things.

    The “congregation of God must be purified through suffering:

  18. Joe Lalonde


    Canada is toast! Our politicians in all levels of government still think the citizens must have such a pile of money that they can enact much more taxes.
    They also are enacting new laws so we cannot even ship oil out of our own country and own the pipeline and stifling any economy that we currently have. Some areas are raising business taxes 400% because so many other companies have left.
    Yet our bought out Media is silent…

  19. andyb

    Greg: Kudos for having John on. His analyses are always worthwhile and are done in a way that is easy for all to understand. I follow him religiously; everyone should sign up to his site.
    Sometimes, however, John is too subtle. While he states that the FED won’t be able to solve the overall financial problems, he fails to state that the FED’s agenda was never to help the masses or a nation’s economy but to feather the nests of the banking cabal, of which it is a critical linchpin. Established illegally and in secret, the FED has become the largest criminal enterprise on the planet using monetary control to enslave through indebtedness. But, in my opinion, it cannot end well for the FED. In a major reset or crash, its influence will disappear and it will lose its raison d’etre.

  20. H. Craig Bradley


    Often, it takes a very LONG time for people to adapt to previously changed realities. So it is in contemporary America. For example, Facebook CEO Mark Zuckerberg has been “taking liberties” from registered Facebook users all along for YEARS, but now, suddenly Federal Antitrust investigators are starting an investigation. Seems a little late in the game or even too late to do any good. The system and the average citizen alike both lag behind ongoing developments, often by YEARS.

    So, its quite normal for public confidence in their Government to continue at an acceptable level for YEARS until they finally come to realize its mayhem and public confidence in ALL government suddenly and drastically tanks. I predict this will be exactly the case here in California in 5-7 more years, but who actually knows the future ? I can definitely see it coming, but really its just an educated guess on my part. Collapse comes gradually, then like bankruptcy, ALL at once is how it often goes historically.

    As a good personal example, just think about your favorite pair of old blue jeans. You have washed all the blue out of your Levis, but continue to wear them still on account of how comfortable they feel. Suddenly one day, you bend over and you hear a loud rip sound. Your blue jeans have now a prominent tear in the behind. Your derriere is hanging-out in plain view. This is a good personal example of the progression we are currently in nationally, not just in California either. However, California is the most extreme case of leftitis and farther along the curve, but that’s all. So, you ain’t seen anything yet. We are only just getting warmed-up. As Bill Gates once said about Microsoft in the 1990’s: ” the best is yet to come”. Better believe it !!

    Gold will ONLY soar when this intersection between the public’s perceptions of chaos and reality intersect, not before. Just ask Economist Martin A. Armstrong if you don’t want to believe it:

  21. Stan

    Bought more Deutsche Bank today & shorted more Gold. Hey Jerry: still waiting for the financial collapse you have been predicting (he he he)

    • Greg Hunter

      DB stock down more than 1% at $6.89 per share.

      • K.Wayne

        Where do you get your inside info from Stan.
        Shorting Gold huh !!!
        WOW…… that’s like taking a 22 in the butt cheek ….must be stinging you like crazy at the moment.
        I sense that you partake in self harm.
        If you must continue ….do it in the privacy of your own home.
        There’s enough pain in the real world right now. We don’t need or wish to see your suffering.

    • Gina M Mancarella

      Stan, I want to commend you on aligning yourself with the winning side. This nightmare that started in 2016 will end in 2020 or maybe sooner.

      • Greg Hunter

        Still pushing “fairy tales” such as, “Bow down to Hillary” and “Hillary is going to be your next President.” Too funny. What are they paying you anyway?

      • Jerry

        Two nut bags for the price of one.

      • Mike R

        Gina and Stan are the same MAN.

      • Justn Observer

        DNC drowning in deceit=

        Julie Kelly‏ @julie_kelly2 · 2h2 hours ago
        “Kislyak visited the Obama White House nearly two dozen times…at least twice in October 2016. He met with Susan Rice in the White House on Oct 7, the day intelligence officials issued the warning about Russian interference”

        Mollie‏Verified account @MZHemingway · 10h10 hours ago
        Hillary Clinton and the Democratic National Committee belatedly admitted to secretly purchasing an operation, sourced by their own admission to Russian government agents, to affect the 2016 election. They also sought info from Ukrainian govt officials. Nearly no media concern.

    • Jerry

      See my post above Fool! As far as economic collapse prediction. It’s been happening right before your eyes in stages. FYI Stan you would never notice anywa because you’re a ……Fool.

      Here’s a prediction I made. Do you remember when I posted two months ago that my contacts were seeing unmarked, blackened out DHS vans making arrest? No one was listening. And then this came out today.

      But hey Stan never mind me, go ahead and buy some more Deutsche Bank stock since you’re so sure of yourself.

      • Mike R

        DB going down will unfortunately take down most, if not all, of the world’s banking system. I’d be careful with that prediction, bc DB is SO interconnected, and so highly leveraged into other bank’s pants, that it will be very precarious for everyone’s money and financial well being. I can guarantee you our very own Fed is closely monitoring the DB situation. In fact, I would bet large sums of money that Trump is monitoring it too, and that the Fed rate cuts he is wanting have more to do with keeping DB intact, then necessarily our own economy. the FED itself put substantial HURT on DB, by raising rates for as long as they did. DB can’t just unwind all its derivative positions, and the FED put many of those positions way UNDERWATER, by raising rates, as DB is notorious for specializing in interest rate bets using derivative instruments in the most leveraged way possible.

        They make LTCM look like corner ma and pa loan sharks.

        • Mike R

          Here is a link that shows how devastating it would be if DB goes down, as all of these closely FINANCIALLY connected banks would go down with them in a heartbeat….

          There would be NO saving of all of these banks. Literally impossible, and literally 10000 times worse than the Lehman event.

          • Jerry

            It will be like a snake shedding it’s skin. New game. New skin.

          • paul jr.

            Mike R.,

            They already have plans on how to resolve DB and any other bank. It will not be as big of a disaster as you think. DB being taken over by the German regulators will not cause all the other banks to just go down in a heartbeat.

            • Greg Hunter

              Paul JR.
              Really? Just like that? Wave a magic wand and make $40 trillion derivative book go away. German GDP is roughly $3.8 trillion a year. DB Derivative book is 10 X’s that. Zero down side? Wake up! You are dreaming. If was that easy they would have never let the stock get to $6.79. Ask yourself Why dis the CommerzBank merger fall apart? If it was that easy and pain free this deal would not have fallen apart. One phrase comes to mind for me when I think about this: “Run Forrest Run!!”

      • Stan

        Jerry: When I open my eyes I see the best economy in 85 years.

    • Frederick

      Better cash yourBooz Allen check while you still can there Stan

    • FC

      Stan that’s a sexist laugh next time try using ze ze ze as you’re buying your Deutsche bank shares.

    • paul ...

      Stan … buying DB low and selling gold high again? … the problem is how low can DB’s low go 50 cents?? … and how high can gold’s high go?? … if you look at the price of gold in US dollars since 1792 it has never made lower lows … only higher highs!!

  22. paul ...

    The CPI was manipulated “weaker” but it doesn’t seem to have affected gold and silver prices …

  23. Bill B

    REG. A Question
    Those states whose pension funds are broke just keep sending out the checks without the funds to back them up, as I understand it.
    How are they allowed to continue doing that

  24. iwitness02

    If things spin out of control and the financial system is destroyed, the powers that be will likely want to confiscate or repossess everything they can get their greedy little hands on. In my mind that will be the Great Weasel Showdown. They have committed fraud on this earth long enough. When the financial system is destroyed, so is everything else in polite society. It will be every man for himself. There will be no ‘legal’ consequences. At that point there would be no reason to let anyone take away anything. Not even a rusty nail. Gold is great. Being strong, defensively, is better. Garden warriors, versus the weasel class in the Great Weasel Showdown. Seems like I have spent most of my life preparing for this moment in mans history. Mentally, physically and Spiritually. As far as I’m concerned, I’m as ready as I will ever be, for whatever happens.
    Very engaging interview today with John. Good job.

    • iwitness02

      The dirt people versus the money people.

      • iwitness02

        The money people are illegitimate. Dirt people are producers. We have makers, and we have takers. The takers are about to have their collective minds blown away. They seem invincible, but I don’t believe it. I’m not alone in my beliefs. We are everywhere.

    • Frederick

      Glad I sold my Sag Harbor house while it still had some value

      • iwitness02

        I’m thinking about selling my Harley Super Glide for the same reason. It still has some value.

    • Anthony Australia

      Holding metals or the like is not about becoming a millionaire overnight, more about simply surviving the transition. The system is not designed for you to get ahead, the period from the 50’s to the 80’s is long gone, no more one salty families and retiring at 55.

    • Anthony Australia

      Holding metals or the like is not about becoming a millionaire overnight, more about simply surviving the transition. The newest system is not designed for you to get ahead, the period from the 50’s to the 80’s is long gone, no more one salary families and retiring at 55.

  25. JC

    In my humble opinion, this update at The Age of Desolation site is a must read.
    The Satanic Deep State has been in power in the United States since the assassination of President John F. Kennedy in 1963.

    • K.Wayne

      It goes back to the days of Washington my friend.

  26. David

    Trump is beginning to make Obama look like a fiscal conservative. I know that will draw the ire of his sycophants out there who believe he does no wrong. “Well, congress pulls the purse strings” some will say. Okay, then why blame Obama for the deficits when he was el jefe? Either the president or the congress is responsible. If you are a constitutionalist then you believe all spending originates with the house and they are to blame, the president doesn’t control the budget. So who is responsible? Congress or the president? You can’t have it both way. If Obama was to blame for the large deficits the government rang up then Trump should be accountable as well. He did say he would eliminate the national debt in eight years. He said it on March 31st, 2016 to the Washington Post:

    Donald Trump: “We’ve got to get rid of the $19 trillion in debt.”
    Bob Woodward: “How long would that take?”
    Trump: “I think I could do it fairly quickly, because of the fact the numbers…”
    Woodward: “What’s fairly quickly?”
    Trump: “Well, I would say over a period of eight years. And I’ll tell you why.”

    How’s that going?

    • Greg Hunter

      This is before he found out about the additional $21 trillion in “missing” money at the DOD and DOJ. What’s a few more trillion to set the country up for the reset in the best possible way. This is what the “trade” negotiations and “tariffs” are about. Think debt reset. You don’t think the world or USA is ever going to pay all this printed money back do you???? Get real things and hang on tight and don’t forget to hold tightest to Jesus Christ> In the end, Jesus is all you have.

      • J.

        Greg, Holy Spirit spoke to me about 20 years ago, and said, “When all of your material wealth is gone, what you have left, is all you ever had.”

      • David

        Except he’s never uttered a word publicly about the missing $21 Trillion. And why would that be? If he is in charge and sits at the “bully pulpit” why doesn’t he call a press conference and announce it publicly? Doing so would gain him a lot of political capital and he’d be a hero to many folks for exposing the charade. Yet he is as quiet as a church mouse about the biggest financial fraud in history. And that silence speak volumes. It tells me that ultimately he is no different than the other shysters who sat in the oval office.
        And no, the US will default on its obligations just like every empire in history. In fact if you understand simple math and economics it is impossible to repay debt, which is what every dollar in existence represents, with more debt.

      • Jose Sanchez Gallardo

        Jesus Christ is the answer, the economy is not going to be fixed but it is possible t fix it, we need a non-debt based economy and we need to abolish interest rates, we need debt forgiveness at this point. Debt money and a debt economy that is designed to put us further in debt has been the globalist plan for a long time.

  27. paul ...

    Consumer prices in Venezuela for the 12 months ending May was up only 815,000 percent compared to 1.3 million percent in April … how did Venezuela’s Central Bank do it? … they issued fewer Bolivars … Good Lesson for the Fed to Learn … now that they will be lowing interest rates and issuing “more QE” US dollars to pay for our expanding budget, our current unending wars and all the “new wars” the neocons are trying to start!! …

  28. paul ...

    Americans are getting smart … they are not buying homes that can be taxed every year to pay the ever increasing school expenses associated with providing an education for illegal aliens coming across our southern border!! …

  29. Anthony Australia

    Australia’s economy is booming, so said the RBA a few weeks ago.

    Look at this U-Turn

    • paul ...

      Anthony … At least they admit the side-effect of any QE program … “would almost certainly be a continuing depreciation of the Australian dollar against gold” … something the Fed would never ever admit … here in the USA!!

  30. Justn Observer

    Think Iran vs. U.S. is not just a ruse?
    U.S. taxpayers are the one being made to take the ‘ride’ for weapons, drugs and energy profits … Time the taxpayers speak, act or they deserve what they are getting = all the debt laid on their and their children’s backs… economic enslavement as the wealthy elite fly over them laughing on their way to Davos.

    • paul ...

      They will take our very last buck for their wars with QE to infinity … they will take our women and children for their organs … they will poison our water, spray our food with glyphosate, put aluminum dust in the air for us to breathe … and laugh all the way to the bank … then for good measure they will then put CPI chains on us and force us to eat maggots for protein … what would you people like this? … Demons? … Rats??

  31. Elllen Baumgartner[email protected]

    Hopefully this will bring up the last newsletter regarding corruption in California.

  32. paul ...

    Legendary hedge fund manager Paul Tudor Jones said today: “If I have to pick my favorite very best trade over the next year to two it is gold … I think gold goes beyond $1,400 to $1,700 rather quickly … gold has everything going for it” …

    • K.Wayne

      I saw that too Paul.
      Implications for this …. a great deal more people will sit up and finally take notice.
      When someone as Astute and Knowledgeable as PTJ speaks of “best trades” for the next 24 months, that’s sure to have some impact.
      This comes on the heels of Stanley Druckenmiller’s recent comments about Gold.

  33. Anthony Australia

    This video is out there and not for the faint hearted but he does talk about Q and say Trump is a saviour. 27min onwards.

    • Anthony Australia

      31min – 34min

  34. Q

    Qanon Drops

  35. bll moulyn

    There is a very interesting article on Zeohedge

  36. paul ...

    Of course those “who want war” will use this as an excuse to get one started “even if it is a false flag” … so get the body bags ready … and buy plenty Kleenex boxes for American mothers who’s sons will die fighting “over there” for the Saudi’s who did 9-11 … when American boys should be fighting the Drug Cartels “over here” in Mexico!! …

    • paul ...

      Tanker Update: According to CBS News … a senior American defense official told the channel’s top national correspondent that “it’s highly likely Iran caused these attacks.” He also dismissed Iran’s claim that it helped rescue the crews of both ships as “patently false,” adding that “the USS Bainbridge picked up 21 crew members.” So Iran lied that it picked up all 44 crew members from the two damaged vessels.

      • paul ...

        What if … Iran did it … but in such a way as to claim “plausible deniability” … (my brain tends to think this way) … then ship after ship can be sunk in the Straight of Hormuz by mines “Iran can claim they didn’t put in the water” … resulting in the complete blocking and stopping of all Saudi oil traffic the same way Iranian oil has been blocked by the US??

  37. Keith wilson

    Greg. This morning the BBC started reporting on the gulf of oman shipping tankers attack. They mentioned Iran. Iran.Iran about 79 times during the morning news report. It reminded me of the 9\11 attacks in which the news media had already been given the script to the days events. Over on sky news one presenter had the balls to mention it might have been a false flag attack by Israel. This presenter has not repeated this since and has been quiet all morning. Probably been given a week’s notice.and will be losing his job any day now. According to some reports submarines where used in the attacks.

    If you don’t want to put this information out greg. I understand your position.Thanks.

  38. paul ...

    Freedom of Speech “in action” … scorching and roasting the incompetents (who seem to be all around us)!! …

  39. D70inilm

    I have always enjoyed your interviews with John Rubino. Always insightful.

    Greg, have you ever entertained the idea of interviewing Jordan B. Peterson. I’ve seen a number of his videos and is launching a free speech platform of his own making.

  40. Justn Observer

    False flag on oil tankers for an excuse to now ‘destroy evidence’ of deep state sales and shipments of U.S. uranium and technology and equipment…. expect strikes in Iran soon?
    U.S. aircraft carrier sent there to set it up after a nuclear threat was made , this is what is in play…and what they do not want to come out at Flynn hearings and emails =

  41. K.Wayne

    I call BS on the attacks (torpedoed) on the two Oil Tankers in the Gulf of Oman today.
    FALSE FLAG EVENT ….that even blind Freddy can see.
    I ask which country recently acquired submarines from Germany?
    Which same country engages in subterfuge and acts of War behind a thin veil.
    We now have and will see a “Legitimate” case for American soldiers to be put on the front line again. Simply appalling.
    Russia and China may need to step in here very quickly to halt any further action being taken.
    Notice Gold is up. It smells something too.

    • paul ...

      New slant on the two Oil Tankers attacked in the Gulf of Oman … seems Iran’s navy was observed by the US “removing an un-exploded mine” … suggesting Iran was actually “trying to help and is involved in rescue efforts” … while more cynical types in the administration are suggesting the Iranians were simply “removing evidence” and not engaged in a rescue of the ship and its crew from danger … in a more positive sign (that may slow the neocons push for war) the US Central Command issued a statement saying: “A war with Iran is not in our strategic interest, nor in the best interest of the international community” …

  42. tim mcgraw

    I watch Mike Maloney’s gold and silver site regularly. I recommend it. Maloney and his partner in their latest video, talked about how silver production is falling and demand is rising. Also, Californian, the crazy state I live in, passed a law that starting in Jan. 2020 EVERY structure built in California has to have solar panels. Every solar panel contains 2/3 oz. of silver.
    That’s a lot of silver that is going to be needed for those solar panels on new construction in California in 2020.

  43. tim mcgraw

    PS: I’m not recommending that anyone buy gold or silver from Mike Maloney. I just like his videos.

  44. Justn Observer

    Greg, Long but ties all the dots and knots… for as long as it is up =
    From Uranium mines and oil fields, to all the bribery and pay to play among many nations = for decades they have been ripping off nation after nation including the U.S. of their resources using off shore beyond the horizon pipelines, drugs, what ever and trading them for uranium…all over the world = the Green plan to get people off fossil fuel and then who will have/control enough energy for the amount of people on earth? Profits then to all those that control the nuclear reactors and fuel rods…and who stole the tons of nuclear warheads after the Reagan program between Russian and U.S. to downsize their arsenals… So the taxpayers paid for the TVA to get enough electricity for the Manhattan Project to make nuclear material and the warheads, then to build those thousands of missles, and later the nuclear reactors and the fuel rods made from the mis-appropriated warheads (charging the taxpayers again) and then send the taxpayers a monthly bill for the energy made from the nuclear material they already paid for how many times? And it smaller countries do not have the money, well I guess drugs for payments so the ‘agencies’ can sell them on the streets of the U.S. creating our ‘opiate’ problems? and earlier the cocaine and LSD problems…all for the ‘greater good of course’ !
    So when POTUS Trump came along and wants to drain the swamp, and put an end to the opiate problem…NO DOUBT the corrupt and compromised politicians on both sides lined up to oppose him…

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