Mass Bankruptcies on the Horizon? with John Rubino

Interview recorded - 19th of January, 2023
Substack - rubino.substack.com/
On this episode of the WTFinance podcast I had the pleasure of welcoming back John Rubino. John was the Founder of dollarcollapse.com, author/co-author of 5 books and has a great Substack.
During our conversation we spoke about whether good news is bad for the markets, Deja vu of back end of 2022, unwinding of 40 years of economic exuberance, mass bankruptcies, whether the FED has pivoted and if US government obligations can be repaid. I hope you enjoy!
0:00 - Introduction
1:11 - What is John seeing in economy & markets in 2024?
6:12 - Is bad news good news for the markets?
9:34 - Deja vu, similar to end of 2022?
12:32 - Unwinding of 40yrs of Exuberance?
15:24 - Mass Bankruptcies
19:37 - What drove inflation the past few years?
22:39 - Has the FED pivoted?
26:24 - Trump hostile to FED
28:59 - Large deficits for foreseeable future
31:14 - Can the obligations been paid for?
38:59 - One message to takeaway from our conversation?
John Rubino is a former Wall Street financial analyst and author or co-author of five books, including The Money Bubble: What To Do Before It Pops and Clean Money: Picking Winners in the Green-Tech Boom. He founded the popular financial website DollarCollapse.com in 2004 and sold it in 2022.
John's newsletter provides actionable advice, based on a couple of premises:
- The financial world is spinning out of control and will get considerably worse before it gets better.
- There are things we can do to improve our odds of surviving and thriving as the chaos unfolds.
John Rubino -
Substack - rubino.substack.com/
LinkedIn - / john-rubino-a952146
WTFinance -
Spotify - open.spotify.com/show/67rpmjG...
iTunes -podcasts.apple.com/us/podcast...
LinkedIn - / anthony-fatseas-761066103
Twitter - / anthonyfatseas
Thumbnail picture from - www.fastcompany.com/90893949/...

[@haze1123]

John is a great guest. He's obviously correct, but the question will always be "WHEN"? Very tricky.

[@Motoguy94]

Exactly, I think this could go on another 20, 30 years easily.

[@tahtahbangbang]

Fantastic interview - enjoyed the content and learned something as well.

[@ILLUMINATOR49]

Top shelf guest 👍

[@vitalsigns6403]

No BKs or price discovery allowed anymore. FED and govt will bail everything out. All debt will go into forbearance, forgiveness, etc.

[@computerman9580]

They always sacrifice the currency… that’s not even debatable

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊

[@somejohndoe3004]

Great interview, great guest, enjoyed it a lot. Value content, thank you !

[@federatedsubjectareas6904]

Will the Fed start with keeping interest rates where they are, but scaling down QT?

[@MissLibertarian]

I believe Trump began picking on the Fed during his first campaign because all campaign managers studied the Ron Paul grassroots campaigns which were wildly successful to the point national media censored the news (censorship is only done by government, but I believe it had a hand in it). Trump used government for eminent domain and reminds me of middle school juveniles. Trump loves power when he has it. He won’t end the Fed and save the country while it works for him.

[@NashVil]

still much better than an old senile woke Biden

[@bradb2175]

Hard to hoard with cbdc limits

[@jwinwin9215]

This is why the 4 Gees are so important Guns Gold Garden GOD. Not necessarily in this order

[@johnminichielli8957]

Aliens providing the technology for limitless free energy is probably the only way out of this mess.

[@lukewarme9121]

Don’t worry, Bidenomics will save us. #Biden24

[@NashVil]

sadly 🤣

[@grantw7946]

Too many scenarios. Nothing firm.

[@gregorysagegreene]

All the Gamblers on Casino St will 'Trust' *anything!* 3rd thing is demographic relocation protecting the well-off, skewing overall averages from demarkated rest of us *in recession.* Your headline soundbyte should have been 32:00 - 33:30. Two of the most dramatic and telling statements I've heard in a while!: 1) Government policy of the past 30 years has focussed on enrichment of the rich at the expense of the rest. 50% of the population have been just getting by. 2) Those people have since the Pandemic now seen their costs of living go up by 30%. No wonder the country is only a trigger-point from revolution!