May 18, 2022
Summary:
Are markets returning back to normal, or are we in the eye of the
storm? I sit down and chat with John Rubino about some of the
latest happenings in the economy—some pointing to stability, and
some alluding to the chaos to ensue. We discuss stablecoins, gas
prices, and the most recent shifts in global currencies that
present numerous potential outcomes for the markets. Tune in for
more expert knowledge.
Highlights:
-NFTs don’t make a lot of sense from an investing standpoint
-Stablecoins are versions of Bitcoin; they are an asset that trade
on the blockchain, but they represent something else; they were a
vehicle for moving money all over the world
-One stablecoin blew up that was set up to maintain the value of
the stablecoin at one dollar. A lot of Bitcoin was purchased to
back it, but then it tanked
-The ‘everything bubble’ may be bursting; peripheral assets are
behaving badly
-Think about what you own and how you can invest it; consider your
gold and silver as money
-Gas prices hit record highs this week all over the country
-Taking out a mortgage to bet against the dollar is risky
-There is a big diesel shortage in the US; we don’t have enough
diesel processing power, and can’t build new plants
-There is a lot more demand for Roubles in the global market, which
is strengthening its exchange rate
-We will see energy prices spiking and interest rates being raised
in Europe
Useful Links:
Financial Survival Network
Dollar Collapse