Worst Crash Of Our Lifetime Ahead? "Great Depression Meets Weimar Germany" Warns John Rubino

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Coal miners were famous for bringing canaries down into the mines with them, as the birds served as an early warning system for poisonous gases.
If the canary suddenly died, that was an important signal for the miners to drop everything and rush back to the surface.
Today's guest expert, macro analyst John Rubino, has shared with us in the past the early warning indicator he watches closely to alert him when a recession is likely about to hit.
And that indicator has suddenly started flashing a bright warning.
What's the indicator? And what is it telling us to expect?
To find out, we'll ask him directly.
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At Wealthion, we show you how to protect and build your wealth by learning from the world’s top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance.
We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you.
There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis.
Put the wisdom from the money & markets experts we feature on Wealthion into action by scheduling a free consultation with Wealthion’s endorsed financial advisors, who will work with you to determine the right next steps for you to take in building your wealth.
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#dollarcrashcoming #stockmarketcrash #rvprices
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.

[@Raymondjohn2]

I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.

[@Oly_laura]

most of these strategies and loopholes are better managed by experts and pros in the market, the average Investor on the other hand are left to suffer during a crash.

[@lipglosskitten2610]

The issue is people always have the “I’ll have to do it myself mentality” Unapologetically, that’s why the get heavily affected during a crash and coupled with the fact we’ve had the longest bullrun ever in the American history, most folks aren’t equipped to manaqe this crash and it’s impending opportunltles well enough, so it only makes sense to seek proper guidance during these times, that’s what lnvestment-advlsers are for, been using one ever since the pandemc 2020 and I’ve been barely affected by crash, I have $850k in profit sitting in my portfolio and I’m unbothered about the market outcomes.

[@hermanramos7092]

@@lipglosskitten2610 Well if isn’t that the hard truth…this investment-adviser that guides you must really on to something…who is he?

[@lipglosskitten2610]

@@hermanramos7092 It’s a She actually ,Catherine Morrison Evans, I initially came across her on a CNBC news report then on smartadvisors and I decided to hit her up. Best decision I made to stay afloat 2020.

[@hermanramos7092]

@@lipglosskitten2610 Thanks for the contributions, I just skimmed through Catherine Morrison Evans webpage, interesting stuff, wrote her an email.

[@ClementRusso2]

It's hard to predict the future until we see this month’s inflation results. However, historical data consistently show that stocks tend to outperform bonds in the long term. Therefore, I'm staying in the market and focusing on selecting high-quality stocks. The challenge lies in identifying these stocks.

[@Rodxmirixm]

Staying in touch with a financial advisor was my effective strategy. During the pandemic, I outperformed the market, earning about $200k in four months. Its been a remarkable few years for me with my advisor .

[@BateserJoanne]

I wholeheartedly agree, which is why I choose to delegate my daily investment decisions to a coach. Their specialised knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilising risk for its asymmetrical potential while mitigating downsides. I've been with my investment coach for over two years and have earned over a quarter-million dollars.

[@VickyAlvy]

My portfolio has been underperforming recently, and I'm considering a strategy change with the help of a coach. Is it possible to get in touch with your coach?

[@BateserJoanne]

There are many financial coaches who excel in their profession, but for the time being, I employ Stacey Lee Decker because I adore her methods. You can make research and find out more

[@Jason9o669]

She seems quite knowledgeable and well-educated. I just Googled her name and found her webpage. Thanks for sharing!

[@texasrunner]

I humbly admit I did not know the backstory of the canary in the coal mine idiom, so there was value add in the first 30 seconds of this video 😊 John is amazing-he just threw down a Masterclass on how to be sincere and likable while also relishing schadenfreude

[@victory725]

In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65.

[@frederickchandler]

@@micahbisping please who is the coach that assist you with your investment and if you don't mind, how do I get in touch with them?

[@frederickchandler]

@@micahbisping Thank you for this Pointer. It was easy to find her website, She seems very proficient and flexible. I booked a call session with her.

[@SunofYork]

@micah bisping So you are pumping financial advisors and we don't realize ? lol

[@SunofYork]

@@frederickchandler advertising and we don't realize ?

[@SunofYork]

@@frederickchandler advertising team work lol

[@Papolucho702]

Those who say he’s been saying to for years… the Great Depression took a while to materialize. The government has been kicking the can down for years. Many of us, even myself, are not truly ready for this.

[@Thegreendingler]

Yeah i dont think people are paying enough attention to policies that have allowed this bullish environment to continue for so long... many years of kicking the can down the road. They just look at the markets and think everything is good. Nobody around me seems to understand how badly bubbled all assets are right now

[@garyschneider6644]

Great Depression …. Haha, heehee, hoho …. That can’t happen anymore. The Fed will backstop everything … the government will come the rescue. We have such brilliant people making policy and managing our institutions. The only thing we have to fear is fear itself. What we need is more people to buy EV’s. Right?

[@sewnsew6770]

Was reading about the 1929 crash people were predicting it too early and everyone was laughing at them. Then after it happened they blamed those people for causing fear and causing the crash. Basically it’s all about credit availability. If people cannot borrow more then it crashes. People were borrowing money and buying multiple houses all on credit

[@shirleyy2711]

@@sewnsew6770 Not sure if it'll crash because feds usually comes to the rescue. As soon as there's any type of collapse that affects the rich, the money printer will be back on. Wish these videos would address that scenario and what would happen to real estate, economy, etc.

[@Phila80]

People are paying attention but the reality is we live in a different financial.and economic system. It is a debt based system that us cyclical every 10 to15 years. Rhis will continue foe centuries because the US economy is still the world's number # 1 economy. This is what protects the US $. Foreign investors always flock go tge US$ and eqyities when there is a global economic downturn. Rubino and all these other KZbin doom and gloom analysts have been getting it wrong for 30 years. They will be wrong again. They are thinking 19th century economics instead of 21st century economics. We may not like and hate it but this is what we are dealt with so learn to build your wealth and retirements so you have something. You have to plsy the game.

[@trazzpalmer3199]

The removal of the Glass-Steagall Act in the late 1990s, which contributed to the dramatic failure of large banks during the financial crisis of 2007-2008, was a very unwise decision. Dodd-Frank and this Act both need to be reinstated immediately in order to avert another catastrophe. If nothing is done to fix the current issue, what happened with SVB is merely the beginning of what will occur.

[@mcginnnavraj4201]

Well in order to successfully partake and make the most of the present market opportunities, you'd have to be a pro with years of experience or use an expert FA mine being JEANNE LYNN WOLF. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.

[@rokyericksonroks]

Clinton insisted upon expansion of mortgage lending to minority groups which brought on the ballooning subprime debt that caused the Great Financial Crisis of 2008. Nobody was making these idiotic mortgage loans before that. Why did Republicans accept Clinton’s demand? Because in return they would get repeal of Glass Steagal. See what a mess we have in Washington?

[@peterwilson9327]

Bitcon spam above

[@paultyler7535]

Been hearing the "worst crash of our lifetime is coming" for years... but it never seems to come 🤷‍♂️

[@korgond]

Wait for the next one or two months. Summertime is going to be fun 😏

[@awetravelsOG]

At least now almost everything is set for a crash. 😀

[@jameskelly9243]

Been waiting since 2000 remember bankrupt 2000?

[@nathanfaceyahoosux]

Chicken little is running out of cheerleaders

[@ramjamflimflam]

It started on ‘08! Maybe you weren’t aware.

[@garybennett8880]

John is very easy to relate to and is very believable. Please keep him the podcast rotation. One of my favorites.

[@edf10000]

My house in Las Vegas dropped 77% from top to bottom in 08', so never rule out anything.

[@deborahcurtis1385]

Wow! That's a colossal change. I think the dynamics are a bit different here, in that there is a shortage of affordable housing in so many areas. It's not an exaggeration to call it a housing crisis.

[@Harperrr.99]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[@Sopknapp]

@Hoklampd Ondamnc Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn

[@EricZachary-om7hf]

@@Sopknapp I have been investing in stocks for over 10 years now and I have made a lot of money. My portfolio has grown exponentially and I can't thank stocks and MARIAM SANDRA MILNER enough for such an amazing way to make money!

[@ronfesta771]

@@EricZachary-om7hf Me thinketh so many., Big Fish......stories!@!?😝😜🤪😎

[@mataislo]

Yes the success depends on your goals and action you take for it ...I really appreciate my friend for telling me about Mrs Tiffany Vargas..she has helped me a lot in terms of cryptocurrency..

[@nicholasmccormick4254]

I did not experience the Great Depression, raised by parents who did. We squeezed the nickel so tight the Indian was riding the Buffalo. Sometimes they went hungry so my siblings and i could eat. The salt of the earth. Have hope we have the right stuff at the worst of times.❤

[@jshields648]

My parents were in the depression end and the nickel too screamed a lot. But I really learned a lot about stretching the food in ways that are useful for any time and still nutritious. I am writing a book for my granddaughter who loves to cook with recipes so easy with very few ingredients. We need to pass these along for every generation. No one knows if things can go bad. I’m also teaching her basic sewing skills ( I am a seamstress) that maybe be useful.

[@sdfswords]

The toy indicator is a great one, shows the consumer is out of gas.

[@bandboyAntonio]

Sure! We just have to hold on to our hopes and wait and see what happens since market fluctuations are virtually always surprising. But, if I were to make a conclusion, it would be that "Small Cap investors sell because they are scared about the weekend. Despite the fact that the Russell is up. I'm seeing more red than green in my portfolio.

[@HelenChaseKiddyEnamaine]

The Nasdaq, Apple, and Tesla equities make up the majority of my portfolio. I got in early but am unsure whether to sell or buy back at lower pricing due to the current market conditions.

[@PeteresonGA]

I'd suggest holding onto it. Which should I pick if I want to buy now in this bear market since I'm new to the market?

[@williamskanbar]

Regardless of the company you decide on, make sure your insurance is purchased through a trustworthy financial advisor, such as *GRACE LYNETTE JOHNSON* who has made financial planning her business. These will help you escalate the situation, navigate more effectively, and finish the assignment safely.

[@BillyQ12]

@@williamskanbar You're right. Nevertheless, hold off on wishing your portfolio ill just yet. Everyone is optimistic about the market right now, so let's hope it stays that way. I'm sick of losing.

[@miamiliving2769]

@@williamskanbar How can I contact your financial advisor to get guidance on a better investment plan so I don't make expensive mistakes?

[@goldismoney5899]

John just gained credibility in my book. Admitting to his satisfactuon in seeing people get what is coming to them. So many people cannot admit that. They feel a need to be a " nice" and "good" person all the time. This guy is a realist. END THE FED. Gold is money.

[@mackakiwinz4353]

Yes I thought the same honesty vis the best policy

[@Phila80]

Rubino has been a broken record for 20 years. If you listened to him you would be broke.

[@mansasouley3891]

Bitcoin is better money 😏

[@yrp237]

Bitcoin is money for the digital economy. Gold was for the analog economy. Get off zero!

[@peterwilson9327]

Bitcon will Bankrupt you. Enjoy going poor 😮

[@pauld2913]

John is an awesome guest. Thanks for posting!

[@stephenlofy31]

Adam, you should feel great that many of your interviewees are starting to reference content from previous wealthion episodes. 1. The "experts" are listening to your show. 2. They are finding value in the interviews. Also thank you for your show. It helps me to make sense of this crazy market.

[@stevehughes3984]

Yes I was thinking the same.

[@stephenlofy31]

@@stevehughes3984 Us Steve's think the same. Lol

[@jorge1170xyz]

Yes, but the fear I have is that it could become an self-reinforcing echo chamber instead. If we're honest, thus far, that's all it's been. A group of highly intelligent, expereinced men (with receding or nonexistent hairlines...which normally adds credibility in my book!) most of whom have been wrong for years now. I add myself to that list, at least the expereinced and wrong parts, certainly not the intelligent part :-)

[@kzen848]

Timing... feels like a large firework has been lit, everyone is standing and wondering... and then BOOM!

[@pierre1119able]

Hey Adam! You should clarify to your audience what the money supply will look like once the snake has pooped out the pig. When a fiat currency has fully processed an increase of the size of the money supply, the value of the currency will be degraded in proportion to the relative increase in the money supply. Ergo, when you doubly the size of the money supply, when the pig gets pooped out of the snake, the currency will be devalued by half. For the USD, the ratio will be in the range of 300 or so. A USD will be worth 1/300 of what it was before the snake ate the pig.

[@chiragmehta8212]

So everything will cost 300 x more?

[@pierre1119able]

@@chiragmehta8212 indeed. Guaranteed. That’s how fiat currency works.

[@garybennett8880]

John is a great guest. When this first came out and have now watched it again and I appreciate that he is so realistic. He is honest as to his opinions and not as dramatic as some others. He is great and would like to hear more. I agree with his perspectives on bailouts.

[@Real_Tim_S]

"Big Toys, Big Bills" For an asset, you should expect to spend ~1% of the purchase price for every percent of the design life of the asset. For a $133K RV with a 10-20 year design life, that's $6.65-13.3K/year... And that fleshes out pretty well. For a Class-A diesel pusher RV, tires can be up to $1500/each... that's an expensive flat. For a $10M boat (probably a "ship" at that point"), with a 50 year design life, that's about $200K per year... same basic stuff works for a house. It shoudl be noted, that for assets which consume fuel, this does not include fuel costs (but it probably hand;e basic maitnenance like oil changes, etc). So because the design life impacts how the cost amortizes with asset longevity - it's important to notice that the design life impacts the equation just as much (if not more) than the purchase price. A house that costs $500K and only lasts 20-years, is not as valuable as a house that costs $500K and lasts 75-years. Both cost the same at ouset, but the ongoing maintenance cost of the 75-years building is lower, and it retains value for longer as a result. And that drives the truth of the value of an asset... I recall looking to buy a home in 2014 in the S.F. Bay Area and viewing houses listed at $400-$500K. People were making $50K above listing offers already at that point, but some of those houses were junk. I recall one, looking at the building, it was in a historic district, but had non-permitted work done on it that the previous owner's bank put a stop to before foreclosing - this house had stucco runnign down into the grae soil (stuccuo acts like a candle wick for moisture) - the house was not ready to occupy, my estimate was that the home needed at lest $200K worth of repairs. That house sold $125K over asking, and my wife met and befriended the new owner - they ended up spending over $300K on foundation repairs and stripping the exterior off and repaing the base of the structure before even touching the interior - it was basically a gut, and had to retain the historic exterior. So a $475K home, sold for $600K, and after the repairs the new onwer had about $900K into the house. That house sold a year later for $750K... she lost almost a quarter million on that money pit.

[@bhe8336]

And at no step of the way did they have an epiphany and ask themselves what the fuck they were doing.

[@BlueWaterSTAX]

Absolutely fascinating conversation guys. Thanks Wealthion 👍 Get precious metals ASAP, supplies are drying up fast 🥇🥈🥇🥈🥇🥈🥇

[@jboreal7982]

Fascinating. The Rubino RV Economic Indicator. There may be something to that. During the CoV closure of the global economy by our rulers, I drove by a large local RV dealer and I commented that they would be bankrupt within 24 months. I could not have been more incorrect. Shortly after my comment stimmy and PPP hit and those RVs FLEW off the lot.

[@auntiefiat9769]

Well, I was saying in 2012 that low interest rates and "free money" could not last much longer!! LOL

[@godsservant2835]

John is extremely insightful. Adam, it would be great to see him back.

[@claytonroberts5881]

“By this means the government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.” ― John Maynard Keynes, The Economic Consequences of the Peace

[@auntiefiat9769]

One of the few things he got right!

[@johnlennon232]

More immediately than a collapse in the stock or real estate markets, inflation directly impacts people's standard of life. It is hardly surprising that the present market attitude is so negative. If we are to live in this economy, we are in dire need of assistance. ETF and stock markets are still unpredictably volatile, just like the housing market. My $370,000 portfolio has been reduced to rubble.

[@alexyoung3126]

A lot of people are still making huge returns on investment this period. You just have to be very grounded or solicit the help of a professional.

[@lawerencemiller9720]

Especially because their expertise is centred on short- and long-term holdings for profit realisation and because of their distinctive research, it is nearly impossible for them to underperform, I prefer to seek the advise of financial consultants when making my daily investment decisions. My consultant and I have been investing together for a little over two years and we have already produced sizeable net profits.

[@lawerencemiller9720]

My Financial Consultant is Helene Claire Johnson. I found her on a Kiyosaki interview where she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can run a quick online search with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.

[@peterwilson9327]

Bitcon spam here

[@tomdonovan4842]

We should listen and think even if we don’t agree. Good review

[@stephenboyd6230]

Another amazing perspective! Thank you, thank you for all your efforts!! 🎉

[@ld9044]

Great interview. No scare tactics, no drama, just calm explanations

[@secretariatgirl4249]

All I know is that when I think I may give up my garden, I decide against it...I fed myself from that garden all during COVID so why stop now? (...Even though I'm old and tired!)

[@gilliebrand]

A great interview, and a great guest, thanks for sharing 👍

[@stevenshorten6184]

Adam, I like the ship analogy. The bad news is that the Fed already put Silicon Valley Bankers and depositors on the Titanic's lifeboats. And they convinced us that letting them get off the ship would make it lighter and prevent it from sinking.

[@jamesberry4514]

You're giving away the ending.

[@stevenwhitneyjr8828]

​@@jamesberry4514😂😂😂😂

[@LittlebitofDixie]

It is a burn it plan...for their build back betta plan...(comm- u -nism)

[@cheeseman417]

If some analyst predicts the worst crash in our lifetime is coming year after year and it eventually happens, that doesn't make you an analyst, that's just guessing!

[@letsclimb5828]

"Throw enough sh1t at the wall and eventually something will stick" - Alex Jones

[@lngtimesurfer]

Uhm, isn't that pretty much the markets in general? 😂 Growth stocks were literally guessing whether the company will be profitable in the future, options trading is basically guessing what the value of the stock will be at some point in the future It's all "guessing" *gambling* that the thing you invest in will come to pass, whether that's to the upside or downside

[@daniellee8720]

Alternative view - markets progressively declines. Timing is hard as governments pull every trick to kick the can down the road. With each act of defiance, the fall becomes bigger. Had they allowed 2008 GFC work its way to clean the system (example getting rid of zombie companies), we would not have to deal with all these super bubbles. I kept my eye on this cycle for over 12 years and as it accelerated, i had to time my investment portfolio changes, sold my properties over last 3 years, yeah i didnt make much with the first sale but i am happy i timed it before the top. I am sure you watch the progression too and rearrange your portfolio accordingly, so is it purely luck or guessing?

[@cheeseman417]

@@daniellee8720 In response I will say this, the famous market crash day of the GFC was in I think September 30, 08, but it wasn't until March 9 2009, when the market completely collapsed!, then , it kept going on trading sideways until 2012, so you never know where the real bottom is, I waited till after the pandemic to invest, and as soon as i did in jan 22, I got completely obliterated, no matter what invested in.. crypto... crashed, Reits.. crashed.. shipping stocks.. crashed... bond funds.. crashed!... it's absolutely disgusting! my unrealized losses I will never get back so when i hear these F*cking analysts, the same ones that were touting a recovery post covid, i get pissed, so i don't believe any of them now

[@richardburton-777]

WE are ALL living in the Greatest supper bubble in 6000 years!! All of the technical gains over the past 450 yrs have peaked HERE!! Global insanity to lock down, hyper inflate at the same time!! Just because a bunch of selfish greedy idiots keep accepting More DEBT , more lies, more fantasy & confusion like the so called "money" traded as digits on computers or worthless prices of paper with dead guys printed on it. Worthless! No REAL VALUE! Printed to Oblivion!! Inflation has dilluted the value to almost nothing. But hey just keep criticizing and mocking wise, caring ANALYST!!! 🤦 Come on Noah relax, take it easy, chill out, have a beer, Why are you putting your hard earned labour & assets into a giant boat🗣️ ..ITs NEVER GOING TO RAIN NOAH !!

[@CalvinMorris-cf8jk]

in s.f you can not even walk down the sidewalk without tripping over homeless people and vets sleeping on used cardboard and asking for handouts and food. I would call that a depression I think is is even worst than the depression in the thirties, its madness crazy madness.

[@sunzeneise]

Left “The City” 5 years ago. Lived there since early Seventies, I will NEVER return. First visited in ‘58. It had its last Republican Mayor then, and it was not crowded and beautiful.

[@GuyIncognito764]

Agreed. Left SF 7 years ago due to all this shameful filth.

[@stevehughes3984]

They were there in the boom,at least most of them. That’s not a sign of depression,it’s a sign of what’s to come en mass in the future.

[@rocketmanc1292]

Great Van Halen trivia - did not know this detail about one of my favorite groups. Thx.

[@JaneDoe-bw8mn]

Great interview. Thanks, Adam and John!

[@ShamileII]

While people may talk about "doom merchants" there's always the overly optimistic Wall Street. I remember specifically back in 07 "oh, if there's a recession, it'll be a light one....the consumer is strong " Well, we all know how that turned out. Now, there's more leverage, more debt, more zombie companies amd the consumer is maxed out in expensive homes and autos. This won't end well. Btw, I'm financially retired but still run my construction services company in Florida. We dropped off at the beginning of March and we're a leading indicator company. Things are about to go down.

[@oliveoil7642]

In Canada, construction is still booming.🤷🏼🤷‍♀️

[@rokyericksonroks]

If I’m not mistaken, 2023 is the third year in the election cycle of a president. These equity run ups are so routine in such years. It’s your basic pump n’ dump courtesy of the retail investor crowd.

[@-j-l]

🎉Awesome discussion about facets of economics about which I have never heard discussed, especially with respect to "disappearing" money that John Rubino spoke. Thank you also for discussing about the existence of the Sprott Uranium Trust and how such a trust actually purchases and holds uranium, again new to me. After 3 years of learning modern economics from Andy Schectman, John Rubino and other guests here and on other programs, I am surprised I have never heard of so many things discussed here today! Cheers!

[@daveparker6744]

Who knew I’d hear a Van Halen contract reference on a financial video in 2023…. Love it! (1st VH show was Fair Warning ‘81) Great content here!

[@rudeawakening3833]

I was 23 , 1983 , stay at home wife , 2 toddlers , Paul Volcker was Fed Chairman - 21% INTEREST RATES ! 18% mortgages . I worked 60-70 hours 6 days at my main job - had 2 more part time jobs . Starving in Connecticut . I’m glad that I experienced that only because of what happened to me in 2011 - it helped prepare me for a worse situation ; but it was no fun …

[@bhe8336]

A 100,000 house at 18% costs less than a 400,000 house at 7%

[@rudeawakening3833]

@@bhe8336 but you don’t “ have to buy “ a $400,000.00 house And they will cut interest rates again .

[@kazzamcg]

John is 100% on my fantasy dinner party guest list!

[@junal27]

The couple across my house had much less education than us, he did part time jobs and she was a public employee. In the time we share street, the changes twice the two cars, bigger and newer, they had a ATV and lastly a RV. My wife and me asked over and over what we are doing wrong?. They are gone and I am 100% sure they are still doing well but what I saw in these years was simply lascivious, how much, how new, how fast!

[@fernandos5403]

Thank you Adam for the time stamp. Sometimes time stamp makes it convenient. Great interview as always 💯

[@tomdonovan4842]

After listening I find the interview very insightful and helpful

[@Jeff__M]

Love Wealthion 👏 always first class! 📝

[@michaelpetrus19]

Fully agree............good stuff

[@ianando9459]

Time . The invidious variable we have no control over. Events rarely fit into our perceived time frame. The destination/outcome is clear. The details of the journey uncertain. From Australia. You both do a good job

[@dledesma6675]

John’s my favorite guest and I subscribe to his substack.

[@chrismiami1332]

So insightful, thanks!

[@christianlorenz843]

Great episode. Thanks!

[@DjmMik]

Always good to hear from John Rubino. Great interview Adam!

[@RobWilliams007]

As always, good analogies, Adam!😊

[@Canadian_Eh_I]

Love Rubino's level headed commentary

[@JP5466]

Rubino been saying this for YEARS... but it never happens.

[@saltydog1196]

Tic Tok 🤯

[@favor4afavor823]

The doomers are funny

[@SunofYork]

He has predicted 20 of the last 3 recessions

[@SunofYork]

Are you still friends with Phillup McCavity ?

[@JP5466]

@@SunofYork lol - good one

[@user-vp4cm6vo6d]

Thanks for putting this together

[@bordenf]

Rubino rocks! Clear, articulate and in tune with the economy.

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank ❤

[@vivienslennett7197]

Wonderful. Thankyou 💐.

[@altondrew]

Great discussion. Macro analysis always introduces great insights.

[@user-qk3sc8rq9r]

Really great analysis. The one thing different from previous down turn is the way the the corporate media reports on the facts. Even the government 'cooks the books', changing data to fit their projections. What happens when the reality hits the fan?

[@DSMentzer1]

Excellent interview.

[@mattsarac9920]

WOW! what a nice video to watch, everything I was wondering. thank you. I can't believe I can watch this free. thanks!!!

[@rudeawakening3833]

Wonderful interview - thanks 🙏

[@fjb7380]

“Why is it taking so long?!” Excellent question This has been like watching the slowest slow motion train wreck of my life. Rocky Mtn resort area housing is still high, inventory v limited, though dom are up and modest price reductions have begun…still feel there will be a (small? Delayed?) difference in these safe clean beautiful areas as more people exit the crime ridden cities. Pig through the python metaphor is quite the visual.

[@w.shawnconway2312]

Loved this interview! Did you post the link to his substack per chance?

[@roblange8173]

Always great to hear positive people….

[@ericarseneau1904]

One of your better shows.

[@rafaeldelannoy1830]

Great program!!

[@nickkacures2304]

It’s really weird how few actual physical (For Sale) signs there have been for the last 12 years I definitely have been seeing For Sale signs on vehicles and motor homes lately and they do stand out.

[@mareecrick2379]

I'm an accountant in Melb Aust (we had a massive lockdown in both 20 & 21), and was advising caution during the pandemic and was surprised at the buying frenzy. My wait and see approach was definitely a minority position. Maybe I missed out on an opportunity, or maybe I have avoided risk. My personal position is you see the mountain a long time before you have to climb it, so I feel I have time to consider options. As risk adverse, I just want to preserve my superannuation (pension fund) - which you can self manage in Aust. I only want to preserve the current balance, however in reality the underlying assets are bubbly and overinflated and want to restructure as cliché as it sounds into safer investments that are likely to recover.. I'm preferencing real estate - even if it takes a hit - it is still tangible, though taxable. The only thing I would bank on, is that gvt intervention will make things worse. Once the first rate cut happens, I know thinking time is over and to act quickly.

[@tyh3120]

Can’t you see that the apostate West will burn like Sodom and Gomorrah?

[@Pelican5077]

History shows that the worst part of the market and housing meltdowns happen after the FED starts to cut. In the GFC the FED pivoted and started cutting rates in late 2007. It took more than one year for the first market crash in late 2008. Housing correction lasted until mid 2012. Same thing occurred from 1979-1996. Same thing 1979-1983.

[@alanwatson1061]

Wanted to let you know that your comment: “You see a mountain a long time before you have to climb it.” WAS FANTASTIC. Hope all works out for you! Blessings!

[@tyh3120]

@@Pelican5077 Can’t you see that the apostate West will soon burn like Sodom and Gomorrah? Poor you!

[@garystrand8010]

Measured and Methodical: No wonder Adam and John present such a highly probable compelling investment thesis focused here on the most bizarre an Inflationary / Depression? Personally I buy into the macro thesis and subscribed to John Rubino's Substack for some actionable investment scenarios. Thanks again for the measured...here is where the Developed Fiat Currencies are currently leveraged...with the US Central Bank balance sheet $1.3Tn underwater (just a fundamental fact) it is very difficult to create orderly scenarios, given the blunt FED "tools", as to How? this technical insolvency will be resolved...Hedge Time = Hard Assets.

[@seniorsenckes446]

John Rubino is such a sympathic grandpa!

[@ownsilver]

Two of my favorite people

[@toddgammons9400]

Housing is still way too high here. None of us really want this to happen but it won't stop until unemployment rises. The American way is to make $1 and spend $2 and they will do that until they can't any more. The Fed may pause in June but guarantee they aren't going to pivot any time soon unless something very drastic happens. I see 1 to 2 more hikes coming unless the bottom drops out of the economy

[@donnaru]

John is my absolute favourite. Such market zen in this guy. Thank you for this show both of you 🙌

[@mattanderson6672]

Thank you for having Mt Rubino back He's one of the best guest you've ever had Fantastic interview! Thanks Guys

[@truffleturkey7]

It’s not an RV, it’s a bug out vehicle.

[@ZippyYouTubr]

Thanks!

[@Wealthion]

Thank you very much!!

[@fastpistonx]

I would suspect that the vehicle indicator will match download move in commercial real estate.

[@shanew3293]

Dont buy folks.. wait-- Prices "will" tank soon enough

[@gonefishing11]

Upside-down auto loans, student loans, credit card debt, personal loans...tick, tick, tick, DEBT BOMB! 💣💥

[@danfarrand9072]

Fractional reserve banking is the ultimate leverage. Money supply is a function of credit expansion in a fractional reserve banking system. It works the same way when credit contracts - when banks stop making loans - the money supply will contract very quickly.

[@shelleygower9843]

100% agree on the uranium front

[@thehungergames8918]

Hello 👋 from Germany 🇩🇪 🌈🏴‍☠️😀👊

[@douglasthompson9482]

A very accurate picture of what is happening. I am very concerned yet am positioning myself accordingly. Reduce debt and invest in hard assets. Thank you

[@anthonylowry9690]

Housing definitely seems to be very close to taking that turn of potential sellers that we’re waiting to see this out, are starting to realize they need to list asap. I think we will know by the end of the year if we are getting this to materialize. With the fed pause off the table for now and mortgage rates going back up, it seems like the match is lit and just needs to make contact

[@goldismoney5899]

I have added heavily to mid tier Silver stocks. FSM AG EXK are cheap. You could get junior miner type gains, multiple X from some of these and avoid the risks of junior exploration stocks.

[@anniezeng4587]

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

[@bsetdays6784]

Having an investment adviser is the best way to go about the market right now, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K during this dip, that made it clear there's more to the market that we avg joes don't know

[@lucianoboccedi]

@@bsetdays6784 that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.

[@bsetdays6784]

@@lucianoboccedi the investment-advisor that guides me is Eleanor Annette Eckhaus, she popular and has quite a following, so it shouldn't be a hassle to find her, just search her

[@rentslave]

In the 70's,Harry Browne thought that to save the nation and the dollar,the Fed would take the necessary steps.After yesterday,I'm not so sure.

[@svenhinrichsen458]

And...as long as nobody of the 9 other houseowners doesn't sell, there is no loss. They are just "feeling" less rich.

[@normmarino7914]

I started out buying a used 17’ foot travel trailer in which my wife and two children plus my mother-law drove 10,000 miles across the USA IN 1976 and by the late 1986 ending up selling my last travel trailer which was a 35 ‘ foot bunk house which I also had purchased used, owning a total of five trailer and never losing a penny but always making money on every trailer I owned also purchased a 30’ foot used sailboat I owned for almost 20 years which we weekended on all summer in an area where a weekend room cost as much as $900 dollars and more. So even, not being rich you can enjoy the so called good life by making good purchases of the toys you want . 😊🎉 I NEED TO THANK GOD AS WELL !

[@cc2832]

I am in one of those desirable small towns where house bidding wars continue.

[@BatmanBoss]

Wealthion ❤

[@norseman-ns5tq]

George Gammon is also a big fan of the Sprott uranium trust. I'll check it out!

[@maryluw9915]

Bring John back!!!!!!

[@stephenboyd6230]

I can remember living through 2 major crashes, and I'm 39. But it's great to see a 15yr old getting interested in the market. Good luck in the future, but remember crashes are real, believe you me

[@MichaelHarrington17]

Fundamentals are certainly way out of balance with prices, especially in housing. But the caveat is that the Fed is going to fight any asset market collapse, just like they are going to fight any asset price bubble going forward. But I suspect 4-5% inflation is their true target rate as that helps manage debt service at these higher interest rates without forcing defaults and bankruptcies. I would agree the game ends when govt credit policies can no longer support currency stability. Japan looks to be our test case at the moment. The trade-off policy choice is going to be recession now or bigger recession (depression?) tomorrow.

[@kathri1006]

For the ones saying this crash will never come , need to think about few things. A) A big event takes time to develop. Bigger it is more time. B) When there are global power shifts, it takes longer as the powers be, will throw everything and the kitchen sink at it. So the forces to avoid it needs to be exhausted first, for it to happen. C) The people who see it are not wrong, but different people see things at different times. Some are over cautious and will call it early, but is the data support the trends, it can still happen. D) Unlike before now there are alternatives like crypto, other currencies coming, so now is different, and not to say increasing debt, and loss of confidence. When it happens, it will be very quick, like an avalanche building. Do not get more debt.

[@bradynields9783]

30:51 Haha ill not blurtinh that one out when my wife and I are having the rent vs. own conversation....

[@GoodwalkSpoiled]

The market can easily roll along far, far longer than these guys imagine. There is still way too much money in the system. The short-term funds rate should be 2% above the rate of inflation for a couple of years in order to stop the ravages of inflation. Currently short-term rates are near the inflation rate, but they need to be 2% above it. That will take another 18 months - if, and only if the Fed keeps raising rates. No pause. No pivot. Money needs to be more expensive. Congress is the culprit. Their constant and relentless raising of the credit card limit (analogy to the national debt) is both ruinous and highly inflationary. But they can't help themselves. Simply look at history. The same scenario plays out over and over. When the dam breaks, it's game over. But the U.S. Congress keeps fanning the flames by increasing spending. Yes, this will end badly but it could take 10, 15, or +20 years, or longer to play out. Behold stagflation. It's coming, just like it has before. There's no way out.

[@petersheenan4482]

Real inflation is 16%

[@vincentmurphy9252]

I always ask clients about the economy and when I hear like now no one really worried I start to worry