John Rubino

Insider

Allexxandar/Shutterstock

Off The Cuff: Moral Hazard

The culprits (banks & corps) are protected from their crimes
Friday, July 20, 2018, 12:43 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • Moral Hazard
    • We've unwisely insulated the banks from the repercussions of their actions
  • The Protected Class & Rising Populist Anger
    • In many ways, the elite today are above the law. And public resentment is brewing.
  • Global Debt Is Accelerating
    • Wherever the breaking point is, we're now going to hit it sooner
  • The Coming Tech Wreck
    • Faith in the FAANGs is higher than ever. That's dangerous.

By insulating the players from the consequences of their actions, we've created the incentive to take extreme risk in the puruit of extreme profit. Why shouldn't the banks manipulate the system if their worst punishment is a weak slap on the wrist?

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.
Insider

Off The Cuff: Suddenly, Instability Is Everywhere

Italy, Argentina, Turkey, auto loans, real estate...
Sunday, May 27, 2018, 1:21 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • When Will Rising Interest Rates Matter?
    • We're close to the breaking point
  • The Fed As Buyer Of Last Resort
    • When the next recession hits, the Fed will directly buy bonds, stocks, etc
  • Suddenly, Weakness Is Everywhere
    • Italy, Argentina, Turkey, auto loans, student loans...
  • Ecologically, We're Killing Ourselves
    • Along with a tremendous number of other species

John returns this week to address this key question: When will the market crack? There are so many signs of instability suddenly in the markets -- when will they matter? Pricies are hanging in there, but the inexorable grind higher of the past 7 years has stalled out in 2018. This could very well be the year that everything changes.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.
Insider

Dreamstime

Off The Cuff: The Coming Crisis Is Not Only Inevitable, It's Needed

We'll be better off for it (if we survive it)
Thursday, April 5, 2018, 11:22 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • Manipulated Markets
    • The plunge protection team is not sidelined yet
  • Manipulated Politics
    • Trade, and possibly kinetic, wars are being engineered deliberately
  • The Silver Lining Of The Next Great Financial Crisis
    • It should put us on sounder footing, if we survive it
  • Positioning To Profit From The Next Crash
    • There are asset classes and trading strategies that hold great promise

John Rubino delivers a hard-hitting rebuke of the current debt-based global fiat money regime, along with its current massive volumes of money printing, and explains why he not only predicts the system must crash, but that we'll be better off for it (should we survive it).

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Insider

Dreasmtime

Off The Cuff: Will The Dollar Weakness Continue?

Current policy is not condusive to a strong currency
Friday, February 16, 2018, 6:44 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • The Falling Dollar
    • Are we finally being punished for our spendthrift policies?
  • The Falling Bond Market
    • Expected with rising interest rates...
  • Volatile Stocks
    • They are still far too overvalued, so expect another big drop
  • Gold Finally Looking Good?
    • Gold's technicals (and fundamentals) are looking their best in years

The US dollar has fallen in price relative to other currencies quite dramatically over the past few months. This is an area of particular expertise for this week's guest, John Rubino, who points out that current policy being pursued by the US administration is not likely to help the dollar strengthen anytime soon.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Insider

Off The Cuff: Is This The Blow-off Top?

And if so, how long can it continue?
Thursday, January 4, 2018, 8:42 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • How Long Can This Continue?
    • Debt has been rising faster than income everywhere for decades
  • The Rules Will Certainly Be Changed
    • Desperate elites will always act in their best interest
  • Are We Seeing The Blow-off Top?
    • Dear God, let's hope so
  • A Commodities Price Spike Will Pop This Bubble
    • If it doesn't collapse under its own overshoot, first

Chris and John kick off the new year by remarking how similar the conditions now feel to 1999 and 2007. The world financial markets have been running much too hot for far too long, and yet they've kicked into an even higher gear of late. Fortunes are being made in the cryptocurrencies -- a space most of the investors throwing their capital into have next to zero understanding of. The Dow is hitting new price records faster than it ever has in its history.

Obviously this can't end well, and it won't. And when the inevitable crash occurs, expect those who created this mess to take cruel-handed measures to sacrifice the rest of us in order to protect whatever amount of their privilege they can.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Insider

Wollertz/Shutterstock

Off The Cuff: Increasing Signs The Long Bubble Cycle Is Ending

Long-standing trends are beginning to reverse
Monday, November 20, 2017, 3:01 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • End-Of-Cycle Signals
    • Long-standing trends are changing
  • Big Trouble In Saudi Arabia
    • Now a powderkeg with a short, lit fuse
  • Central Bank Culpability
    • It's scary how such powerful entities are so clueless
  • Bitcoin Today, Gold Tomorrow
    • Hot capital will seek trusted shelter when crisis arrives

In this podcast, John enumerates the growing number of market indicators he sees that suggest major trend changes are afoot in the economy. He believes the long-standing bull cycle, now at bubble-level extreme asset valuations, is set to reverse.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Insider

AKSENTIY VOLODYMYR/Shutterstock

Off The Cuff: The Economy Is A Junkie

Dependent on hits of ever more debt -- until it dies
Thursday, September 21, 2017, 7:14 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • Hey, Did We Just Declare War On North Korea?
    • Trump's UN speech stuns the world
  • Unpacking The Latest Fedspeak
    • Much more talk than action
  • The Junkie Economy
    • Dependent on hits of ever more debt until it dies
  • The High Cost Of Lacking Resilience
    • Harvy, Irma & Maria are teaching us a lesson in real-time

This week Chris and John tackle the latest Fed announcement. Yellen's talk of tightening/normalizing -- to borrow from common parlance -- is really a "nothingburger" until the world's other major central banks curtail their stimulus efforts.

The world economy is still receiving $125 billion in liquidity injections every month. This, of course, has destroyed the integrity of the markets and turned all investors into speculators -- as whatever the central banks decide to do next is the only thing that will matter to prices.

As we have been warning for years, this will all end badly once the central banks have either destroyed their respective zombie economies or their fiat currencies (if not both). 

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Insider

readytribe.com

Off The Cuff: The Root Cause Of Much Of Today's Strife

The decision to go off the gold standard in 1971
Thursday, August 24, 2017, 3:18 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • The Root Cause Of Much Of Today's Strive
    • Going off the gold standard in 1971
  • Financialization Has Led To Polarization
    • It has allowed for a very unfair distribution of wealth
  • Our Polarization Makes Us Susceptible To Fear
    • Which the media and special interests stoke
  • Stay Focused, Don't Act Out Of Fear
    • Intentional resilience is the antidote to today's chaos

Longtime Off The Cuff listeners are really going to enjoy this week's discussion, in which Chris and John dig into the more existential questions of "how did we get here?" and "how do we regain a hopeful future?" when looking at the increasingly extreme social rift occurring in today's society. Interestingly, they trace the root cause for a lot of today's strife back to the US' decision to take the world off the gold standard (i.e. sound money) in 1971. This removed a very important control, in the absence which the power players in government and the corporate world were able to increasingly warp the system to their own advantage through racketeering. Over time, the wealth has concentrated at the very top, leaving everyone else a thinner and thinner slice of the pie.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Insider

igorstevanovic/Shutterstock

Off The Cuff: A Dependable Crash Indicator Is Now Flashing

RV sales are signalling signs of a blow-off top
Thursday, August 3, 2017, 10:36 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • Trade Wars
    • Suddenly arising with Russia and China
  • Modern Monetary Theory
    • A delusion that dates back to the days of John Law
  • A Great Crash Indicator
    • RV sales are sending a warning sign
  • Risky Real Estate
    • Private equity will sell fast when times get bad

Chris and John discuss the looming trade wars with Russia and China, the long-term implications of the worldwide credit binge, and the indicators that will presage a systemic correction. John shares his assessment of one of his most trusted crash indicators, RV sales:

This is a typical cycle for RVs. It’s a big toy and people are cocky now because they’ve been working for a little while. They have extremely easy credit. Interest rates are incredibly low. If you’ve got a decent credit score you can buy an RV for 2 or 3% interest and a lot of people are taking advantage of that, just as they spent the last three or four years taking advantage of incredibly cheap car loan terms, and running, basically, an auto sales bubble. They’ve kind of shifted to RVs now, which is yet another sign that the cycle is nearing an end.

This "recovery" is 8 years old now. The typical recovery is 6 years. So we already have an expansion that’s a couple of years longer than normal. It’s actually the third longest since World War II. Which means that, everything else being equal, we should be pretty close to the end of this cycle and ready for a downturn. And now you’ve got indicators like RV sales going just parabolic, indicating that, at least in that little section of the market, money is incredibly easy and buyers are euphoric. And that’s also a sign that things are nearing the end. There are lots of other signs, but that’s one.

Every time there’s a bubble in an asset class, there’s always a new reason for it that appears to explain it. But historically the explanation never holds. The cycle still reasserts itself at some point. And things go back to normal. And I suspect that’ll be the case with RVs at some point.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Insider

Off The Cuff: What Today's Rate Hike Means

Another increase, plus a reduction of the balance sheet
Wednesday, June 14, 2017, 8:30 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • Unpacking Today's Rate Hike
    • What will the impact be?
  • When Is A Rate Hike Not A Rate Hike?
    • The Fed's hikes aren't really pulling liquidity out of the market
  • Every time The Fed Talks Gold Goes Down
    • Manipulation (for optics) is alive & well
  • Can The Fed Engineer A Soft Exit?
    • Hardly likely

Chris and John break down today's Fed announcement of a 0.25% rate hike, plus its presented schedule for starting to reduce it's $4.2 trillion balance sheet. 

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today. » Read more