Dec 29, 2021
Summary:
When we experience things like inflation, people tend to try and
live in the moment—enjoying time away from work and stimulus
checks. This cannot last forever, and today I chat with John Rubino
to discuss what these inflationary circumstances mean for the
future. It seems that the stock market is precariously over-valued,
and will probably not thrive in 2022; gold, on the other hand, does
well in these circumstances. Digital assets are also becoming
increasingly prominent, which causes us to question how we view
wealth and assets in general. Tune in for more.
Highlights:
-During the Great Depression, especially in Paris, people started
living in the moment rather than merely striving for success
-This attitude is cyclical in human society
-A lot of people don’t want to return to work after having been out
of the workforce for so long
-The one part of inflation that may not be transitory is
wages—they’ll inevitably go up
-The metaverse is definitely a trend for the coming year
-In these circumstances, gold goes up and stocks go down
-The stock market is precariously over-valued right now
-Stocks probably won’t have a great year in 2022, but gold does
well in an inflationary environment
-Assets are going digital. According to Rubino, the people
investing in digital assets right now already have their physical
needs taken care of. When this becomes compromised, people start
re-focusing on the real
-RV sales have also been setting records every month all 2021
-Booming RV sales used to be a crash signal
-Wage and price controls are also showing through with
commodities
Useful Links:
Financial Survival Network
Dollar Collapse
Real Inflation Closer to 12% with
John Rubino
The Feds Doubling Up, Newly Created
Currency, Extremely Negative Interest Rates with John
Rubino