Sep 21, 2021
Summary:
Today, I have John Rubino on the podcast to update us on all things
economy: from real estate to the supply chain, we are seeing a lot
of shifts and instabilities that have incurred over time.
Evergrande seems to be bleeding over into the rest of China’s
immense real estate sector—tampering with the industry as a whole.
We also probe into the buying and selling of crypto, and determine
that people are less optimistic about it which means we will most
likely see an increased interest in gold.
Highlights:
-Evergrande is a large Chinese real estate developer. It has been
borrowing large amounts of money for the last decade, and it has
taken up large amounts of leverage
-Even higher prices, however, are not saving them—they’re giving
cheap real estate to their creditors
-This is bleeding over into the rest of China’s immense real estate
sector
-The fed is making noises about tapering—we start to see taper
tantrums in this circumstance
-Gold is holding its own—it’s actually up a bit
-The supply chain is still in shambles
-We live beyond our means
-Cryptos are getting whacked—they are treated like tech stocks and
are risk-on assets that you buy when you’re feeling optimistic
-Bitcoin is being sold off
-This is when gold takes off; the fed starts talking about
tapering, which means that easy money will come to an end
-Lumber and iron ore have tanked lately, which means that the
picture is getting mixed
-The global economy is slowing down
Useful Links:
Financial Survival Network
Dollar Collapse