30 Minutes
John Rubino feels "the economic policy around the world is not sustainable.
They only have one tool which is easy money which they must do more and more
of it over time to maintain normality in the world. At some point they run
out of the ability to create more currency and monetize more debt. The debt
that is required becomes overwhelming and the system spins out of control
We are seeing the early stages of that now with all sorts of crazy volatility
springing up in places around the world where no one suspected."
"The Central Banks of the World are Beginning to lose control of the
process!"
Making Sense of it All
John tries to make sense of what appears to be unrelated chaotic events. He
tackles the most recent four:
1) ECB & Quantitative Easing Announcement
2) SNB Abruptly Unpegging the Franc
3) The Global Energy Shocker
4) Gold's Sudden Movement
ECB & Quantitative Easing Announcements
"The Eurozone is in danger of breaking apart and falling into deflation
which is a disaster for an over indebted economy!"
SNB Abruptly Unpegging The Franc
"Switzerland is a very small country but a very big story. This is the
first central bank to opt-out of the currency war! Basically, they surrendered
but it yet has to be determined if you can surrender in these currency
wars?"
The Global Energy Price Shocker
"The US employment gains associated with the Shale Oil boom are gong to
be reversed out... as are the junk bonds which will be the 'sub-prime
mortgages' of this bubble ... on balance the US is gong to be hurt more
by falling oil prices"
Gold's Sudden Movement
"The point is coming where everyone figures this out and doesn't want to
hold the currencies anymore. You are seeing this in the behavior of gold
in the crisis economies .. Russia and Euros"
What is Occurring
A SHAKEN BELIEF IN THE OMNIPOTENCE OF THE CENTRAL BANKS BEING ALL POWERFUL
AND THAT THEY CAN BE TRUSTED!
