Aug 17, 2023
In this meeting, Kerry Lutz and John Rubino discussed a range of topics, including the impact of rising student loan debt on credit card balances, the benefits and risks of writing covered calls on certain stocks, and the consequences of San Francisco and California's experiment with legalizing crime and camping on the streets. They also discussed the severity of China's real estate crisis, the ongoing Russia-Ukraine war, the recent wildfire in Hawaii, the changing nature of rebellion and protest art, and the recent lawsuits against Facebook for censorship.
Throughout the conversation, the speakers shared their personal experiences and opinions on each topic, highlighting the complexity of the situations and the potential impact on the global economy and society. They emphasized the need for unity and change in the face of exploitation and injustice, and expressed hope that the courts will protect their rights and come down on the side of the First Amendment.
--56% of student loan borrowers will have to choose loans or necessities (cnbc.com)
--Interest rates, mortgage rates are spiking. Where do things start breaking?
--Another big Chinese shadow bank is imploding.
--Flooding in Beijing and surrounding areas, end of Xi coming?
--BRICS: lots of opinions out there but no hard data until the meeting.
--What the hell was that Hawaii fire?
--First there was "Try it in a small town" and now there's "Rich men north of Richmond" Art is starting to rebel against the system.
Visit John at: https://Rubino.Substack.com
Visit FSN at: https://FinancialSurvivalNetwork.com