"Death Spiral of the FIAT Currency Experiment" with John Rubino
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Interview recorded - 22nd of February, 2023During todays WTFinance podcast I had the pleasure of speaking with John Rubino, Founder of dollarcollapse.com, author/co-author of 5 books and macro writer. During our conversation we spoke about why our financial system will implode, what that means for our world, when is the right time to position in real assets and what the next currency system will be. I hope you enjoy!0:00 - Introduction0:50 - Why will our financial system implode on itself?4:40 - What would cause a deflation or hyperinflation spiral?7:40 - Debt crisis or currency crisis?9:55 - Is there a way to inflate away the debt?14:05 - Does the dollar milkshake theory still occur before US currency implosion?17:17 - Short period of US Dollar strength before collapse?21:20 - When is the right time to position in real assets?23:25 - A risk of confiscation of precious metals?27:40 - Best tradeoff to make?30:50 - Next currency system after the implosion?35:00 - One message to take away 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 - https://rubino.substack.com/LinkedIn - https://www.linkedin.com/in/john-rubino-a952146/WTFinance - Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseasThumbnail picture from - https://coinpedia.org/opinion/the-u-s-dollar-could-collapse-in-next-4-months-heres-how-you-can-protect-your-finances/