Nov 22, 2022
Summary:
China and Japan are dumping dollars, and many countries that
borrowed in dollars have had their expectations of US currency
being cheaper turned upside down. I sit down and chat with John
Rubino to discuss this phenomenon, and he contends that extreme
volatility is going to make its way from the financial markets to
the currency markets. Furthermore, the prospect of a technological
totalitarian state is no longer a distant theory, and direct
actions are being taken to get us there. Tune in for more valuable
insight.
Highlights:
-China and Japan are dumping dollars. Their currencies are tanking
due to massive inflation, and they’re running through foreign
exchange reserves to prop their currency up
-They’re selling US treasury paper
-How long will this last? You eventually run out of dollars
-The problem is that many countries borrowed in dollars because
they expected for it to be cheaper and for the dollar to go
down
-We can expect extreme volatility making its way from the financial
markets to the currency markets
-We’re still in the early innings
-The US is giving billions of dollars to Ukraine, and they invested
this money in a big crypto exchange The people running this crypto
exchange were donating a lot of it to democrat politicians
-The prospect of vaccine passports is more likely, building a
technological totalitarian state in front of our eyes
-The housing bubble has burst
-With today’s mortgage rates/prices, you need to make $120k
annually to afford a median priced home
-Sales are crashing and home inventory is spiking; a recession
looks unavoidable
Useful Links:
Financial Survival Network
Dollar Collapse