John Rubino – Global Stock Markets And Economies Operating With Increased Volatility And Complexity
John Rubino, Founder of The Dollar Collapse website, joins us to discuss the complexity and volatility facing world economies, where central banks are aggressively hiking rates to keep up with persistently high inflation, labor markets are rolling over, real estate markets are cooling, and growth is slowing. This is wide ranging discussion touching upon fiscal and geopolitical missteps along with central banking policy errors, and how this is leading to time of economic weakness as it all gets sorted out.
We start off looking forward to this weeks Fed rate hike, the coming GDP data for Q2, and what this could all mean in relation to the eventual Powell Pivot that so many are anticipating for later in the year or moving into early 2023. Next, we review why gold, silver, and PM mining stocks haven’t performed better in light of the higher inflation, geopolitical instability, and chaotic global conditions around food and energy. We get into both the ongoing implosion of the Chinese real estate markets and the failure of global energy policies leading to problems in the US, Japan, and Europe – in particular, Germany as a model of what hasn’t worked. We wrap up with potential paths forward, and with the realization that some drastic will need to change to source the raw materials needed to fund the global agendas around growth and renewable energy we hear so often about in the mainstream narrative.