Consumer Debt Crisis - ANOTHER GREAT DEPRESSION? (John Rubino)

[@gundytiger]

Great podcast...from a 72 yr old ...not wealthy but no debt...contented mind...the main think as we age is staying healthy..exercise and keep life as simple as possible

[@stevenshorten6184]

Great. That's a luxury your generation has. Younger generations have to be poor to be free of debt. But, we'll be sure to exercise.

[@BlueWaterSTAX]

These Rubino/Sachs interview's are absolutely EPIC. Thanks for truth guys. 🙏

[@dabda8510]

Epic failure of MSM to barely cover this.

[@JagdgeschwaderX]

@@dabda8510 If they did that it would cause mass panic

[@Firehorse39]

TY for having John. He is always an asset wherever he is.

[@kt6332]

3/4s way through I really like how John tapped in on how to learn how to take care of yourself by learning how to fix your home, grow a garden, fix your car and more! This is truly helpful. I know from life experiences!

[@g.i.520]

💯

[@ynot1935]

We saw this coming in 2020. We knew massive expenditures by the gov would lead to bad times. Deleted almost all debt, began yearly gardening and am slowly learning how to repair vehicles. I will do anything within my power to not be beholden to the gov or the "elites/parasites".

[@kt6332]

@@ynot1935 I know what you mean. I’ve been chipping away at the last bit of my debt, got 7 raises beds and a 10’x20’ plowed area all for vegetables and herbs next spring . I’m looking for a good quality pressure cooker and dehydrator. I also bought a used 1993 Ford van a year ago and started rehabbing right away. Now I I just have the interior left. This is my back up home just in case and vehicle for side work. I lost access to my one and only vehicle for four months last year and will not be in that position again. So good to hear you are thinking ahead to!

[@mydogharlee]

I’m a 56 yr old woman and saw that skill’s were assets. I can build structures, make furniture, sewing, crochet, cook, grow food, basic elec/plumbing, basic welding, I have some gold/silver (with plans to get more), I can use pew pews, Own my own home, I only have a vehicle loan, and I can fell trees. I’m not a full prepare but i have some backups because I believe self reliance is key to being happy. I’m now learning about nature’s remedies. Oh our neighbors have a plan for just Incase. Also learned I need ham radio for continuous communication with my neighbors.

[@kt6332]

@@mydogharlee Thanks! You gave me more ideas!

[@GregS-ny9cg]

I love listening to Mr. Rubino. Thanks, Todd!

[@bobnankervis9722]

If you spend the first half of your life learning how to be dependent upon others, you will spend the second half of your life being a slave and not even realizing it

[@faithsrvtrip8768]

People are brainwashed into being a consumer rather than into being a saver and a doer. If you don't know the difference, now is a good time to learn.

[@ralfulrich6254]

many will be forced to learn soon

[@KurtWittendorfer]

With ZIRP, it’s discouraging to save at 0.05% with double digit inflation at the bottom of the pyramid. The big boys borrow at 10 basis points while the lower 30% refinance their houses after maxing out their credit cards.

[@danielg7868]

"If we go to war none of this financial stuff matters." That's why they want war. As Gerald Celente says, "When all else fails they take you to war."

[@Itsaboutthewaterlife]

Absolutely.

[@marcjohns9377]

John Rubino has such a fabulous face, voice, demeanor…he can tell you that your hair is on fire, and your reaction is, “Okay, thank you for telling me.”

[@1bluegreen2]

Yes! 😅

[@kayak9078]

Right?!..😅

[@jazminnn-2281]

100%😂

[@KurtWittendorfer]

John Rubino is always insightful, level headed, and a perfect gentleman. I always look forward to what he has to say. Thank you, Todd, for having him on your show.

[@matthewbrandley9027]

I hate to say this, we need a depression. It has to happen. It has to shake out the excess we have. To many companies

[@blue-vo1sb]

I wanna be out debt before it happens.my car and credit cards is killing me.

[@wallye8713]

Explain excess please?

[@mobilityendurancestrength6210]

You couldn’t be more correct.

[@kenthammer123]

We need one to clear the bad debt of that is what you mean? Regardless, we need it for deflation. We need it for our country as horrible as it sounds.

[@BIgBass255]

Having being raised by depression surviving parents, I adopted that way of living along time ago. I won't feel it when it hits. I have had one credit card, since 1971, never paid a late fee or interest. I've been waiting on this for 25 years.

[@barttracy88]

It is a combination, price of homes for sale, property tax increases are out of control in Texas, HOME INSURANCE IS WAY OUT OF CONTROL, and utility costs are out of control as well. To make housing affordable a lot has to change not just the price of the home.

[@mkaeterna9161]

I recently got a math degree. My final 2 years of college were fully online during the pandemic and my opportunities for networking, research, and internships were extremely limited. I now have 40k in debt and despite hundreds of job applications, I am still stuck in a dead end retail job with no possibility of paying my debt.

[@tctctctctc-x7c]

And?

[@Jason-zh5zt]

Sounds like you chose a worthless degree

[@tammyherne-hn9ve]

You have a math degree you should be working in the banking/finance market Learn how to sell and you will have that 40k in no time to payback your loan If you don’t want to sell Be a substitute math teacher or even a Tudor to high school and college kids

[@bpb5541]

So sorry to hear. I hope things get better for you. Those that don't see your situation are probably just rich boomers that got lucky. Don't worry Karma is a real thing. Keep pressing things will work out.

[@bellakrinkle9381]

Be assertive. Be creative. Sell yourself, don't wait for them to reach out to you.

[@wolfswatch3645]

What pisses me off is I'm on a fixed income. And my property taxes keep going up. I'm being taxed then on unrealized gains. So inflation is making the tax collectors richer and me poorer.

[@johnbion4333]

I love John, he is such an optimist in an uncertain time.

[@toniscott3688]

My first house price was 2X my annual salary. That should be standard people!

[@brianmcglade8164]

Read a mortgage amortization schedule based on interest rates. Even at low rates, you will see what people pay in interest. You should be able to capitalize or get something back for paying so hard in interest. Pay to employees or workers has to come up. Wages have been stagnant in relation to percentage of cost for decades. Our economy has been stripmined by the big guys.

[@bellakrinkle9381]

Of course schools never teach how to make the best through paying forward monthly payments. In other words, pay 2x monthly. That will reduce the time to 20 years instead of 30 years. 🔥

[@shootermcgavin4999]

So 100k. It's 5x that.

[@donm2067]

That worked out great, got a coffe, got a task, got a fresh podcast. Welcome to my garage boys.

[@dawn-FL]

Great comment!

[@jeffreymassey5541]

Very good video presentation. Very much appreciated. It appears to me the regular person must be very flexible in where you may call home. Putting "roots down "may be a thing of the past. And that is sad. 😔😔

[@wil4596]

This has been the most Enlightening, informative podcast ive ever listened to, it really makes a person think about the Future.

[@jazminnn-2281]

Yesssssss 🙌

[@andrevieira5729]

Excellent Show ❤

[@mduffy4861]

Watching with interest from the U.K. 🇬🇧. Very insightful 🙏

[@steved0123]

I'm 71. It takes a lot to do repairs now. I find if I pace myself and take my time, I can still get things done. I've done my brakes and spark plugs, replaced plumbing parts and recently, repaired a rotting out porch. People my age get hosed a lot. I often accuse people of trying to retire on one job. $500 an hour labor rates are not uncommon these days, after you do the math. I'm praying for a "your lucky to have a job" depression to return a sense of reality to people. This is needed much more than any bailout. I'm waiting for my ball joint replacement on the car. Remove the wheel, remove three bolts, separate the ball joint with a few hammer whacks, replace the $80 part, replace 3 bolts and put the wheel back on $500. $420 an hour labor. My doctor charges less than a quarter that if you pay cash.

[@DanLarkin-g2q]

Mr. Sachs you have created the best show on youtube. Your show is very educational on many levels. I see you as a news show on the current state of finance, real estate, debt, geopolitics, preparedness, common sense, being a tradesman, and much more. You bring on world class guests and never fear monger. Yet some people thinknits fear? Why? Because the country is in a bad spot in many areas. Is it fear to address said issues? I would like to see you rebrand your show to not have a real estate title (just got my realtors license in GA though, am a plumber). Your show has so much more to offer, a ton more. Your calm demeanor and fairness are sooooo needed. We are about the same age (I'm 55), but you are like the calm uncle who always knows a good solution. Also: good job keeping out the politics!!! And you and your guests call out the truth, both sides have spent us into oblivion. Please consider making a bigger show, with a more universal title, like the guy that lives is Maine, but without the politics. -Dan The plumber/realtor "plumbtor?"😂

[@SachsRealty]

Love this comment. Thank you 🙏. It gives me encouragement and hope on many fronts. Bet you’ll be a great REALTOR! We need more tradesmen serving buyers and sellers. I’ve been asked why I haven’t rebranded the channel to not say Sachs Realty, but something more appropriate to Econ and social issues facing America. I’m about to work on my channel Todd Sachs and here will be the transition to many broader podcasts. God bless you.

[@frankdattilo1836]

Superb dialogue - like two buddies shooting the shit over a beer

[@goodhumorman1252]

Massive layoffs are already occurring.

[@PaulbylPaulbyl]

By far your best guest.

[@amyk3020]

Agree with both of you and enjoyed the interview. As a CT Realtor I am seeing a lot of changes coming. People need to get back to the basics - Victory Gardens, orchard and the chickens. We need to get back to the basics. Learn to can, cook and prepare everything.

[@chrisperkins7331]

That is true what you say. However those very acts of independence if carried out by many would cause a contraction of growth would it not. This is at the bottom of the problem, as constant monitory expansion is the financial model we have used going back over 400 years. On a planet of limited resources, this can not work long term.

[@eliot5220]

I wish people would stop saying reduce interest rates. The prices need to go down. Reducing rates is not the solution. That just allows people to get more in debt. That’s what we need to stop doing. We need to reduce prices. That’s like saying hey let’s sell cars for $1,000,000 a piece but the good thing is you can get a 50-year car note.

[@WTF-sh4is]

And at 0.2% interest rate! You’re right, it solves nothing.

LIKEABLE SMART GUY....AND FUNNY...MAKES ME LAUGH...OPENS OUR EYES

[@thespacecowboy420]

I got chickens and indoor grow tents and a backyard garden and more. I haven't bought anything but tools or production resources since before the pandemic. I have an R/O system and solar rig and I'm working on atmospheric water generation and non-electric solar heating technologies.

[@donmilo4733]

Well I’m at 67 year old conservative, homeless I’ve worked hard my whole life have a little bit of money saved and I’m still working I cannot afford rent I will not throw money away the greed in this country is phenomenal .What upset me the most is yes there is a gap from rich to poor And the rich are going to push us into Socialism and I’m gonna sit back and laugh at them

[@voidisyinyangvoidisyinyang885]

Eisenhower has a 91% income tax on the rich in the 1950s. I guess Eisenhower was a socialist. Housing was way more affordable back then.

[@faithsrvtrip8768]

I'm sorry you never learned to pay yourself first, by saving. It has to be harsh to be old, homeless, and poor.

[@voidisyinyangvoidisyinyang885]

@@faithsrvtrip8768 That's a nicely put self-righteous reply but it's illegal to camp out on your land as your permanent residence. So even if someone was trying to be poor as you are claiming is the case - the government would just raid the person's land to kick them off it. For example this land was lived on for over 10,000 years by people who didn't have jobs and didn't save up money. But since those people did not "improve" the land with Platonic based technology (meaning logarithmic irrational magnitude geometry with the inverse exponential growth for the elite) - that means the original land owners were not "sovereign" but just "occupied" their land. Kind of paradoxical to pretend over 10,000 years of humans living here did not exist. In terms of saving up cash so you are claiming that 50% of Generation X having zero retirement savings means 50% of that generation are all too lazy and too ignorant to save up money. The only problem with that claim is that even the Rand Institute (a military think tank) published a huge transfer of wealth since 1970 from the working class to the Unearned Income class. "That is an amount equal to nearly 12 percent of GDP-enough to more than double median income-enough to pay every single working American in the bottom nine deciles an additional $1,144 a month. Every month. Every single year. Price and Edwards calculate that the cumulative tab for our four-decade-long experiment in radical inequality had grown to over $47 trillion from 1975 through 2018. At a recent pace of about $2.5 trillion a year, that number we estimate crossed the $50 trillion mark by early 2020. That’s $50 trillion that would have gone into the paychecks of working Americans had inequality held constant-$50 trillion that would have built a far larger and more prosperous economy-$50 trillion that would have enabled the vast majority of Americans to enter this pandemic far more healthy, resilient, and financially secure." So if we just brought back the 91% tax rate on the rich that Eisenhower had in place that would turn around the economy very fast indeed. Instead there's a 0% capital gains tax on "qualified dividends" for long term capital gains - anything over one year. That's free money by stealing from the working class - for the first $44K profit a year. Or we could bring back unions since during Eisenhower's time 36% of the workforce was unionized in the U.S.

[@davidgood7621]

​@@faithsrvtrip8768In hoping youre not trying to be arrogant. The idea with any currency is to keep it circulating. Saving is one thing. Hoarding is a sin. If you see your neighbor is without, then youre supposed to welcome him in. If you see a man down, then help him up. Dont pity people, have compassion for them.

[@davidgood7621]

​​​@@voidisyinyangvoidisyinyang885Quit sounding line an elitist Especially one that smokes too much pot.

[@faithsrvtrip8768]

Sellers are pricing their property or home way too high and way too late in some markets, namely in areas that wil get snow by the end of the month. What were they thinking? I've seen this in multiple states. Houses that aren't that nice, some aren't even habitable, and the seller / owner / real estate huckster is asking $250k for a house that's worth, maybe, $125k. Yeah. Good luck with that.

[@cockyhemi]

Ha! I was just looking at some in my area. Ridiculously priced homes up here in the Midwest.

[@shanerogers9386]

We are here because of out of control speculation, fraud and the financialization of homes.

[@UnclesMonkee]

Unfortunately in commiefornia they are having much luck with that..Houses i wouldn't give 50K for are going for 3-400,000.

[@MikeTesa]

Nobody's falling apart where I live outside at NYC. Multiple offers still going on houses and some are in the six figures over ask

[@bpb5541]

For now... real estate is often the very last thing to go.

[@10MillionHomes]

Excellent interview. Informative and balanced

[@eliot5220]

This was a problem the government never said you don’t have to pay your rent. They said the courts can’t evict you. So if less people would be crooks then they would have paid their rent since they could.

[@WTF-sh4is]

State and Federal put a moratorium on rent and evictions during COVID.

[@eliot5220]

@@WTF-sh4is They put a moratorium on evictions not rent. They never told people not to pay rent. But people used the eviction moratorium as a reason not to pay rent because they knew that they couldn’t be evicted.

[@WTF-sh4is]

@@eliot5220 Ok, yea you’re right. But when read aloud, kind of sounds the same! Lol 😂

[@eliot5220]

@@WTF-sh4is It just shows you that there are a lot of people that only do right when the law requires it. The moment you remove the consequences they stop doing what they’re supposed to. I took my tenants to court but couldn’t evict them. Right after they announced the eviction moratorium they stopped paying rent. Before that they were paying.

[@98of99]

Two of the most destructive forces in the universe are sugar and debt. Both will make you an addict and salve.

[@alabamashagreen2106]

Great show!!!!!

[@andrewblack1575]

That's the beauty of a fiat currency that a government can print out of thin air. Unless people revolt nothing will change

[@danstar455]

Musk and RFK Jr are with Trump. Strange times 😮 strange action.

[@joshuareuss2472]

Everything happening is just as Ayn Rand foretold in Atlas Shrugged.

[@ldevo6750]

Enjoyed!! Keep them coming! Great guest!

[@jtcouch]

Requiring 20% down, instead of 10%, 5%, or even 0% is ASSURED to keep the housing market stable.

[@ld9044]

John ! ❤

[@dawn-FL]

Excellent discussion. Always enjoy John and Todd is really putting out great stuff. Thanks to both!

[@adeleamico7296]

Second generation Italian. Grew up with my grandparents vegetable garden and yes, it was huge. They canned they sewed they did everything they had skill sets. I lack skill set although I know how to cook, but I don't know how to grow.

[@karenjensen2345]

We should NOT rely on anyone else's oil!!! We have plenty here!!!

[@Laney_75]

I think big companies here make more money through export commodities though, free market capitalism -the caveat so to speak.

[@BobSmith-j3j]

Our refineries can’t refine the oil we produce.

[@melindaxbc5605]

Great interview, great information. Love you both, Todd and John!

[@CarlDJones]

YYYYYYYOOOOOOOO! Excellent interview I love your platform and five gold stars for bringing back John Rubino I love his content too!!! Definitely this episode has me thinking about how to start my foundation for long term wealth building and building my family from a generational outlook. The last few minutes of how John described the bedrock for wealth was paramount I think for a novice investor like myself it’s a textbook example of how to start building out an investment strategy. Education Physical gold and silver Commodity ETFs copper uranium lithium Again gold starts all around!!

[@Real_Tim_S]

I read the One Second After book series John Mentioned @51:08. Irony of ironies, Black Mountain NC where the book was based - recently got seriously damaged by Hurricane Helene, and had power and water seriously disrupted.

[@elleboyle9452]

As usual, fantastic guest selection and show. This show has become the centerpiece of my Saturday morning. I would add that short wave radio and HAM licenses can be a real neighborhood asset for communication in a time when many of us, myself included, are overly reliant on Internet-based and cell tower messaging systems.

[@kenthammer123]

Johns is a solid guy. He doesn't get super emotional, about the future oncoming economic hardships. He just knows its inevitable, and he knows what needs to be done. Words of wisdom on this interview.

[@mackakiwinz4353]

Love John. Smart,experience and a realist with skin in the game. Fantastic thank you from down under. We are under attack here. The ant people down here do not even know what is being attempted to occur. We will not let it happen.

[@ChristineLaGardsRottedFishFace]

It's all over people!!! I'm in my underground bunker ready to seal the hatch. I'll check back topside in 6 months. God bless 🙏.

[@ld9044]

😂😂😂😂

[@neganxarmy5151]

Long live the Empire

[@zy973]

@@ChristineLaGardsRottedFishFace 😂😂😂🤣🤣🤣🤣👍

[@kirkpalmer1709]

That smell isn't coming from her face.

[@bpb5541]

Damn !!!!! 😂

[@daninthedirt9449]

Excellent 👌 interview 😁

[@cgorman31]

Student loan default: How many of those less than eligible bought homes in lieu of paying off debt Back to Reality: 18-30 y/o need to have roommates and apartments even if they make enough to buy a SFH Consumerism: Needs to come to a halt… Needs to return to cash based consumption Economic drift: Shifted from a cash-based economy 1960s-1980s Shifted to a debt-based economy 1980s-2010s Shifted to a default-based economy 2010s-current Zero accountability and looseness of bankruptcy laws that overprotect One-time bankruptcy and then hold fraud accountability for lenders, creditors and in-debtors Stop the doing the same thing twice expecting a different result… Economic Insanity

[@vincentmurphy9252]

50%off brings you to normal orice

[@CryptoAlex40]

Great interview Todd & John!

[@wolfswatch3645]

On student loans, it's the crazy interest rates. When you can pay on a loan for 10 years and owe as much or income cases more than the original amount. We gotta a problem.

[@WTF-sh4is]

Great discussion. Love the topics.

[@jingwu604]

just see it rn love both of you kill the show learning a lot life money and finance good show guy love it

[@roypratt4253]

When the average person can't afford the item, then that item is in a "bubble"

[@bellakrinkle9381]

Costco is bubble.🌞😀✂️ I can't get out of there for less than 100. Love them.✅️

[@jaredgarabedian9081]

@20:00 printing like you said to pay off debt doesn’t work. Why because if. You do it while inflation is positive it actually increases debt burdens and cost of living rises. While incomes don’t keep up with the debasement.

[@deborahilyia1125]

Thank you for what I saw coming!

[@tomdonovan4842]

Good guest good interview thank you

[@brianmurphy7372]

DEPRESSION!!!! We are already there!! Try to find a job!! GOOD LUCK!!!!😢😢😢😢😢😢😢😢

[@dimondDave100]

Very goods video and John Rubino is very good to follow on a regular basis

[@jermeia7h]

I knew the whole time it would never get forgiven. I saved money every month for the whole time student loan debt was paused and the day before they were set to kick in again I paid mine off in full.

[@kendclife7913]

Good commentary. I particularly enjoyed his forecast about the future if things should go very south with the US economy and our currency. Buying one ounce American Eagle gold coins from Costco is also a good way to build personal gold reserves at near spot prices. Costco is now selling $200 million worth of gold every month

[@tapptom]

The depression is already here !!!!

[@DanGilliland-pi4vh]

Yes it is .they say g.d.p. is 2.5% when the actual unminipulated number is-6%...We are in an inflationary depression now ,with no way out except total collapse and reset and return to the gold standard.

[@bpb5541]

If you think this is a depression... then I am super scared for all of us. I am tracking 16 possible black swan events. We have not gotten a single one yet. But I think we get at least 3 at the same time but more probable 5 or more. I don't think we have seen anything yet. We are on the top... getting read for the long slide down IMHO. When? Who knows.

[@tapptom]

@@bpb5541 the election! They are not going let trump in! Civil disobedience coming I think! The VP Kamala HAS to certify the election!!! She will never do that! That will bring Civil war !!!

[@marycollins8215]

I do also, as a 65 year old make a distinction about student loans vs. all debt. Many parents, not us, but others, were as duped as the students about the prudence of borrowing for education, now some cannot get jobs or jobs that pay enough given the inflation. I don't want to assume people are being lazy or not responsible. If we were to forgive any debt it should be students with good reasons, however I agree that they can't or won't do it. Our generation did have a lot of advantages that made things easier or us to get a foothold.

[@rogergrove2453]

Yes on real estate prices. Our 4000 sq ft home in nice Spokane neighborhood was on market in 2016 and we got an offer for $300K. That buyer decided not to buy and my husband decided to retire and we moved back to paid off house. Now with only 2 kids, we raised 11 kids, in this 8 bedroom house, we are thinking of selling and building a smaller home on our MT ranch. The Spokane house would list for 608K this fall. Crazy!

[@bellakrinkle9381]

Best to get it Listed ASAP. This will not last. Mark your calendar with a note.

[@Ata-v9d]

““then let those who are in Judea flee to the mountains. Let him who is on the housetop not go down to take anything out of his house. And let him who is in the field not go back to get his clothes. But woe to those who are pregnant and to those who are nursing babies in those days! And pray that your flight may not be in winter or on the Sabbath. For then there will be great tribulation, such as has not been since the beginning of the world until this time, no, nor ever shall be. And unless those days were shortened, no flesh would be saved; but for the elect’s sake those days will be shortened.” Matthew 24:16-22 NKJV Returned as promised.

[@salikali2]

If the electirc grid goes down for months the only thing that will be relevant is food, water, shelter, and weapons. No one is going to care if you have a shiny metal and dollars.

[@bellakrinkle9381]

If power goes out, best to buy a power generator for a house. $12,000. at Costco.

[@salikali2]

@@bellakrinkle9381 Not sure if you are casually getting a generator and gas during a crisis like this but sure.

[@JeffButterworth-bm8gj]

There's always gonna be trade and you can't put a shopping cart of food in your pocket or cut a tenth part of your house off to buy a horse and buggy.

[@ivelisseramos9529]

A Realtor that is reaching out told me that prices are expected to raise sice rates are dropping. I am waiting on the sidelines. Not sure what is going to happen after November 5th.

[@kayak9078]

There’s something about hearing about massive economic catastrophe from Mr John Rubino that just softens the blow.

[@trevordowney6425]

With regard to financial collapse, it's when, not if.

[@JohnDoe-np3zk]

I live in a so called tourist and retirement area. The only real employer is a subsidiary of Boeing which can't be a plus. Aside from that realtors and wineries are pretty much it. As to asking prices of properties, 500k for 1000 sf is just not making for robust sales.

[@peterhumphrys]

if you live in a big apartment building, you just might want to join a community garden to do some planting, and or join the local horticultural club, grow your own container plants etc.

[@mattanderson6672]

Awesome analysis Thank you Sir Brilliant discussion Thank you gentlemen Appreciate you always John, fantastic!! Thanks Both Love Sachs Reality

[@lucydeantiguatarot8977]

As the middle classes run out of money, as the low income were always out of money, the middle classes also begin to feel the squish, created by a government that is paid off my the elite of humongous corporate greed we have in this little old do right country, and for that reason, they those in congress, president, and senate put off passing any legislation that helps the majority which are the normal consumers of goods because we can't afford it. Our country speaks of equality, but when it comes to economics, which is what really counts, we have the great economic divide, and if you are low income, well, you are used to it, but the middle class, who in the past completely ignored this inequality because it was not affecting them --they wee getting the good paying jobs and they could afford to buy the American dream, while the rest of use just barely survived and were shunned by the middle clas because we accepted food stamps to feed our children. When they (middle class) started to experience the crunch and the crunch is now affecting their children and their grandchildren, now, they are crying and trying to figure out why --the why that as a low income person, do not need an economic degree to see the truth. Now that we are all in this mess, including the middle classers --once in the past that is, we can try to change things by demanding a better distribution of the money that this country has, and also, which no one seems to want to talk about this one, stop spending our money on war contracting machines. It's that simple. Get me finally... Promote government investments at home!

[@RicksCafeAmericana]

Great content. Thank you!

[@InvincibleExtremes]

another wonderful, articulate guest

[@avenger1212]

"The great financial crisis might seem rather mild..." I hate to say it, but the GFC already feels mild compared to today for main street, barring having been someone who lost their home or job back then. Inflation today makes that which we saw back then seem like a mild bump. We just need Wall Street to catch up to make it official.

[@LarisaLis-jh9bq]

We need to learn to take care of this planet, each other and animals better! Be more kind, community based like he said, more humble and helpful, and less wasteful.

[@Graciel-po5ws]

Useful, thanks.

[@pauldusa]

A + video, John is real.. when gold goes up, the value of the dollar goes down and inflation goes up

[@eliot5220]

Gold is a poor measure of anything. Gold is a fad. It’s only valuable to people that want trinkets. I’ve never needed gold for anything. Nobody needs gold. I get sick of people just repeating this without justification. I would like someone to challenge me and tell me why gold is valuable other than saying someone else said it was valuable.

[@SoundMoneySociety]

SoundMoneySociety! Make Silver Great Again! Love when you guys get together. John is so well spoken.

[@adeleamico7296]

My mother grew up during the depression and they made her a senior prom dress from the living room curtains. Talk about sacrifice.

[@kimvanvallis8961]

The sq ft of homes doesn't match the 1990's prices. New home in 2015 for 2500 sq ft under air home was 199000.00

[@detectiveofmoneypolitics]

Detective of Money Politics is following this very informative content cheers from VK3GFS and 73s from Frank from Melbourne Australia

[@ramonreyes6856]

Great guest! Down to earth on the economic realty facing America.

[@richardbowman2120]

Like John Rubino super smart guy! Great guest speaker to have on.

[@wendykarek3041]

Homeowners are going to have to start renting out rooms in their house like California does. Its ridiculous

[@kathyh.7709]

It feel so good to see men who still have common sense in that they know that BOTH sides are just their own brand of chaos in waiting. As a woman, it is a terrifying thing to see a world of men acting with the fragile and emotional sensitivities of women rather than with the logic of rational thought. Men of logic keep women in their lane. I am a woman, so I can say this because I know what the world has become as women took on leadership roles. IT BECAME CHAOS!!!!!!!! I really miss seeing REAL men!

[@chiyerano]

I have met some women that are just as logical as you claim men are in if not more so. I prefer intuition because intuition will tell you things that logic alone will never tell you. Much of the world is still run and led by men and has been for centuries, if not millennia now. Nothing is new under the sun, there was chaos in the past just as much there is chaos now, the only difference is everything is just more out in the open now thanks in due part to the internet and camera and DNA technology.

[@kathyh.7709]

@chiyerano The chaos that we see now is the end result of the chaos that a WOMAN let into the world in the Garden of Eden. Things will get much worse now that a woman is poised to become the most powerful person in the world. Women can be logical...if they know how to respect the authority of men.

[@chiyerano]

@@kathyh.7709 Adam was there and could have intervened on Eve's behalf in dealing with the serpent but instead he joined Eve in going against God's commandments. Both men AND women have screwed up and have fallen short of the glory of God. The present is the result of things that have happened in the past. Men have been in control all this time and the world has been screwed up royally, it is time for a change, even if it means that women start taking authority. Logic is nice but it isn't everything, as it doesn't tell you all the things that intuition can tell you in predicting human behavior which is important to know since humans, men AND women, are not always logical in their ways of thinking and doing things.

[@kathyh.7709]

@@chiyerano Intuition, outside of the Holy Spirit, is just opinion.

[@chiyerano]

@@kathyh.7709 Intuition by definition involves knowledge and understanding of facts that have nothing to do with opinion and may actually be a way of the Holy Spirit communicating with someone, but you go tell that to people, both men AND women, who have saved lives, be their own or some else's, with intuition.

[@kelleylane1203]

We talk about censorship often on Candidates 4 Assange. The White House invited TikTok influencers years ago in an attempt to influence the influencers. The Harris campaign is currently paying $15k to young influencers

[@Gadfly2025]

0’bama just sat back and continued the Bush bailouts . Unfortunately we are experiencing what was never cured back then

[@ousamaabdu794]

Excellent podcast as always, i listen to every one.. John Rubino always on point.. I own a small landscaping business in out of DC/PG County.. Buisness has been down this year and many of my clients (some in their 40s and 50s) are still paying on student loans, and I think that with the loan payments restarting this October it will hamper disposable income big time.. Also, question for you Todd.. While the DC area has probably the highest median household income nationwide, it also ranks #1 for any metro area with homes with an outstanding mortgage.. And same with the state of Maryland.. Has the highest percentage also of outstanding mortgages ( homes that aren't out right owned) while I know its either first or second as car as income rankings... Any thoughts? With that being said the two poorest states, West Virginia and Mississippi have the highest percentage of homes owned outright, both are over 40% ..

[@hcx1853]

4:45 Kudos to Todd for having John Rubino on his podcast. Most others would avoid sensitive, anti-establishment topics.

[@faithsrvtrip8768]

44:20 Exactly the executive office does not have the legal authority to destroy centuries of contract law. No one was forced to sign a promissory note. Buyer beware. By the way, the reason the UK and US became wealthy was due to their enforcement of contract law.

[@addaetenkamenin5853]

It's like monopoly the few winners have bought all the assets no one else can move without paying or losing money. When the game is over you scrap it and start again ,🤔

[@arc_13n]

Another great interview. The only thing I would add is the intention of it all as a means to transition us to digital currency and id. #CBDC