Oct 25, 2022
Summary:
Could the Yen be the currency to collapse and set off a domino
effect? I sit down and chat with John Rubino about all of the
economic factors that are contributing to the state of flux we are
in. At the most basic level, it is a problem of currency and
inflation, but extends to relations with Russia, the prospect of
war, and the major mindset shift that is taking place. We are in a
time of immense change, and numerous issues are contributing to
this change. Tune in for more insight.
Highlights:
-What’s going on with the Yen? It’s all the talk right now
-For the past 30 years, the Japanese has been borrowing large
amounts of money and using it to finance infrastructure
programs
-For a long time, this worked, and they could take debt at
extremely low interest rates. Now, they are facing large inflation,
and are struggling to support the currency
-Could the Yen be the currency to collapse and set off a domino
effect? Time will tell
-China is the only major economy that is cutting rates, but their
currency is falling as well
-Previous bubbles have been sector specific, but this one is
centered around money
-Europe is stocking up on natural gas in preparation for the
Russian cutoff
-There is zero inflation in the commodity space
-Used cars and home sales are also down
-The people in charge right now seem to want a war
-Elections are coming up as well, and we’re seeing people settling
for candidates they may not normally prefer
-States have changed their political alignments, with generational
shifts. We may be on the verge of one now
-These things change for a number of reasons. It looks as if we are
now focused on things like crime and the declining country
-The Republicans have shifted their rhetoric to appeal to working
people rather than corporate CEOs
-Groups such as Latinos have shifted their alignment
-There is a shift in the voter profile that is taking place. This
is a necessary shift; we should be focused on class issues and
increasing the wealth of the working people
Useful Links:
Financial Survival Network
Dollar Collapse