Home Housing bust on the way. John’s builder had an amazing story to tell. 6-12 months ago he was doing record business. Half of his customers have put their project on hold. He’s working just as hard re-pricing projects and passing on the bad news to his buyers. Housing prices have blown through the affordability level and it’s quite possibly game over. The price of materials has gone parabolic. 

Used car prices have almost doubled in the past two years. Why? Easy money! When your Lexus

US Mint admits there’s a global silver shortage. How could this be? We’ll see exactly what that means. Coin dealers are charging outrageous premiums, is that a sign? Gold and silver prices should be going up. 

 

Rumor that Russia was going to announce a gold-linked ruble but the BIS talked Putin out of it. The results could be disasterous for Russia’s exports. Competitive devaluations have been the norm. 

 

Basel III is looming. Will it be watered down or postponed? When will the bullion banks die already? They’re still here today. Maybe Russia’s threat of a gold-backed ruble forced Basel III. 

 

Biden’s budget is immense $6 trillion and it’s been met with a big yawn. Governments have given up on any semblance of fiscal sanity. We’re getting closer to falling off the ultimate financial cliff. 

Digital euro taking shape

https://www.ekathimerini.com/news/1162157/eu-set-to-unveil-plans-for-bloc-wide-digital-wallet-ft/ 

Digital currencies will foster in total control and tracking of every transaction. Is a dictatorship being implemented. 

Peruvian Government change, socialists look poised to win. Is it just a money grab or will it change the nature of mining in the country. 

Miami Crypto Conference deja’ All Over. Cryptos are an emerging asset class. What will they turn out to be and how will they be used. 

Record Consumer Credit Overall, total consumer credit rose at a 5.3% annual rate in April to a new all time high of $4.238 trillion. Don’t worry, there’s no limit to anything. Could be the blow-off stage of the biggest bubble(s) in history.

Direct download: John_Rubino_07.Jun.21.mp3
Category:general -- posted at: 8:00am EST



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